The global food industry is highly lucrative with several factors unlocking new opportunities throughout the industry. Moreover, the growing impact of globalisation and social media are introducing consumers to new food products every day. In such a business environment, many food manufacturers are seeking to use natural food additives to make them healthier. This is stimulating the paced growth across the global specialty food ingredients market. A specialty food item typically refers to food items made in small quantities from high-quality ingredients. As more consumers are becoming aware of their dietary habits and micro and macro ingredient intakes. Of late, many food market players are using organic colourants and sensory ingredients to cater to more health-conscious consumers. These trends are forecasted to collectively stimulate robust specialty food ingredients market expansion during the study period.

Mounting Demand for Clean-label Products to Facilitate Growth

Of late, healthcare awareness among consumers and general diet consciousness is increasing. More and more people are taking cognizance of their dietary habits and consuming healthier food items. The preference for clean-label products is growing amidst the soaring demand for natural and organic colourants. Colourants are a major part of maintaining a food product’s aesthetic appeal. It is used in margarine, soft drinks, candies, jams and jellies, pudding, snacks, pie fillings, and other processed foods. Of late, these colourants are being derived from natural sources such as beetroot. In such a business landscape, the global specialty food ingredients market is expected to grow in the coming years.

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Prolific Demand for Sensory Foods to Boost Global Specialty Food Ingredients Market Expansion

In recent years, many types of specialty food ingredients have emerged by targeting their specific niches. Among these, the demand for sensory specialty food ingredients is soaring at an explosive pace. This is contributing to the growth of the global specialty food ingredients market. These food ingredients are used to improve the smell, taste, flavour, and texture of food products and items. As the demand for convenience and packaged items is growing, this promising trend is expected to sustain. Furthermore, the overall confectionery market is also contributing to the demand. Changing consumption patterns in favour of more specialised and dynamic diets is boding well for the overall specialty food ingredients market.

North America to Lead Owing to Increasing Incidence of Lifestyle Disorders

Changing consumer perceptions, and the concentration of leading industry players is creating tremendous growth possibilities in the specialty food ingredients market in North America. Moreover, the growing prevalence of lifestyle disorders such as obesity and diabetes is stimulating demand for specialty food products. The incumbent governments and other regulatory bodies are promoting the consumption of healthier diets in these regions. Consumers are actively seeking to consume more gluten-free, natural, and organic food products. Developed economies in the region are primarily supporting the region’s claim to market dominance.

Key Market Entities

Some of the major players in the global specialty food ingredients market include DuPont de Nemours Inc., Cargill Incorporated, Kerry Group PLC, International Flavours & Fragrances, Nutriati, Amco Proteins, Koninklijke DSM NV, ADM, Ingredion, Tate & Lyle, and Crespel & Dieters.

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