In 2023 the consumption of Specialty Food Ingredients is estimated to be 28595 K MT

Global market is expected to witness significant growth on account of rising applications, so in the next few years, Specialty Food Ingredients consumption will show a trend of steady growth.

Publisher: QYResearch

Published Date: 2018-05-31

The global Specialty Food Ingredients industry has a rather high concentration. The major manufacturers are concentrated in North America, China, Europe Southeast Asia, India and Latin America, such as Kerry Groups, DuPont, Cargill, ADM and DSM. At present, Kerry Groups is the world leader, holding 7.29% production market share in 2016.

The global consumption of Specialty Food Ingredients increases from 17585 K MT in 2012 to 20745 K MT in 2016, at a CAGR of more than 4.43%. In 2016, the global Specialty Food Ingredients consumption market is led by China and China is the largest region consumption market, accounting for about 24.61% of global consumption of Specialty Food Ingredients.

Specialty Food Ingredients downstream is wide and recently Specialty Food Ingredients has acquired increasing significance in various fields of Beverages, Sauces, dressings and condiments, Bakery, Dairy, Confectionary and others. Globally, the Specialty Food Ingredients market is mainly driven by growing demand for Beverages and Sauces, dressings and condiments. Beverages and Sauces, dressings and condiments accounts for nearly 35.00% of total downstream consumption of Specialty Food Ingredients in global.

Specialty Food Ingredients can be mainly divided into Flavors and Colors, Texturants, Functional Food Ingredient, Sweeteners, Preservative and Enzymes which Functional Food Ingredient captures about 37.33% of Specialty Food Ingredients market in 2016. According to our research and analysis, manufacturers from North America are the major leaders in the international market of Specialty Food Ingredients.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, Specialty Food Ingredients consumption will show a trend of steady growth. In 2023 the consumption of Specialty Food Ingredients is estimated to be 28595 K MT. On product prices, the slow downward trend in recent years will maintain in the future.

Click to view the full report: https://www.qyresearch.com/index/detail/185040/global-specialty-food-ingredients-market

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearch.com

Media Contact: press@qyresearch.com