The report “Specialty Food Ingredients Market by Ingredient (Functional Food Ingredients, Sugar Substitutes, Flavors, Specialty Starches, Acidulants, Preservatives, Emulsifiers, Colors, Enzymes and F&B Starter cultures), & by Application (Bakery & Confectionery, Beverages, Dairy & Frozen foods, Convenience foods, Meat Products & Functional Foods/Beverages/Dietary Supplements) - Global Trends & Forecast to 2020", The market for specialty food ingredients is projected to reach a value of USD 91.2 Billion by 2020, growing at a CAGR of 5.5% from 2015.

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The specialty food ingredients market, globally, has been greatly influenced by the food and beverage processing market. It is driven by the changing consumer trends and preferences. Specialty food ingredients market is collective of various ingredients market such as functional food ingredients, sugar substitues, flavours, specialty starches, acidulants, preservatives, emulsifiers, colours, enzymes and food & beverage starter cultures markets. The ingredients find its market in various applications such as bakery & confectionery, functional foods, beverages, dairy & frozen foods, convenience foods, meat products, oils & fats, sauces, dressings & condiments, and savory snacks.

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77 - Tables
65 - Figures
295 - Pages

Functional food comprises some bacterial strains and products of plants and animal origin containing physiologically active compounds beneficial for human health thereby reducing the risk of chronic diseases. The growing health based foods drives the market for functional food ingredients and captures the major market share of specialty food ingredients. The demand for low-calorie food items in various segments of the food service industry has triggered the growth of the artificial sweeteners market. Flavors are the most widely used specialty ingredients with respect to any food application, especially in the nutritional foods as there is a need to mask the taste of nutrients. Specialty starches are used in various industries such as food, animal feed, medicine, paper making, weaving, and cosmetics. Acidulants broadly offer a sharp taste to food. They are also used in gelation and preservation of food products along with regulating the acidity in food and extending its shelf life. Acidulants find majority of its application in processed beverages. Emulsifiers are used by major food & beverage manufacturers as a food additive to moderate the fat content. Bakery products are the major market areas for emulsifiers. Preservatives are included in food products in order to confront threats from microorganisms, chemical reactions, and other physical damage which may render it unhealthy for human consumption. Synthetic preservatives accounted the key market share of preservatives. The colors can be largely classified into natural and synthetic colors. Colors are used in a wide range of applications, such as beverages, savory and snacks, bakery & confectionery, dairy & frozen desserts, and other food products.

Urbanization has led to changes in the lifestyle of consumers in developing countries. With high employment opportunities and increasing number of working women, the time devoted to cooking has reduced. The working hours are long and schedules are hectic, which has led people to look for time-saving and convenient ways to eat. This has led to an increasing demand for convenience foods which are one of the major drivers of the specialty food ingredients market. To meet the demanding food needs of today, the properties of specialty food ingredients are modified by a variety of methods. The methods are aimed at correcting some of the shortcomings. Asia-Pacific being the fastest market for all the specialty ingredients, major players find their opportunities to expand their business operations. In 2014, Archer Daniels Midland Company (U.S.) officially opened the sweetener-manufacturing portion of its integrated food manufacturing complex at the port of Tianjin in North China. Givaudan (Switzerland) invested CHF 12 million to expand its flavor business in Japan. The new center will serve including savory, sweet, dairy and beverages sectors.

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Through acquistions, companies are streghtening their R&D and technology units as well as their global presence. New product launhes aid companies broaden their product portfolio of specialty food ingredients.

The global specialty food ingredients market was valued at USD 66.4 billion in 2014, which is projected to grow at a CAGR of 5.5% from 2015 to 2020. North America accounted for the largest share of the global specialty food ingredients market.

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