Specialty Ingredients Market will Grow at a 6.60% CAGR during the period 2015 to 2021

Transparency Market Research has announced the publication of a new market research report on the global specialty ingredients market. The report, titled “Specialty Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” is available on the company website for sale.The report states that the market will expand at a healthy 6.60% CAGR over the period between 2015 and 2021. At this rate, the market, which had a valuation of US$205.2 bn in 2014, is expected to reach US$320.6 bn by 2021.

The report presents a 360-degree overview of the global market for specialty chemicals with the help of an analysis of key market elements, major factors driving the market and restraining growth, and key trends. The report also presents projections for future growth prospects of the global specialty ingredients market over the report’s forecast period.

The report states that the market is being driven primarily by factors such as the rising demand for specialty ingredients in personal care products, the rapidly expanding food and beverages industry, and the rising awareness about health and nutrition. Major vendors in the market are introducing a wide range of specialty ingredients, which are finding vast usage for purposes such as preserving freshness, nutrients, and flavor of food products. The rapidly rising set of specialty ingredients used in personal care products is also significantly benefitting the global specialty ingredients market.

Some other factors that are expected to influence the overall development of the global specialty ingredients market are the changing food-related choices of the global population, increasing disposable incomes, changing demographic profiles of consumers, and healthy economic growth of regional markets.

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The report segments the global specialty ingredients market on the basis of two criteria: application and geography. Of these, North America led the global specialty ingredients market in 2014 in terms of revenue. The regional market is also expected to retain its dominance over the report’s forecast period owing to the rising demand for natural ingredients in health and wellness, cosmetics, and food products in the region.

On the basis of application, the market has been segmented into food and beverages, nutrition and health, and personal care. Of these, the section of nutrition and health, which had a valuation of US$152.4 bn in 2014, was the largest application segment. The rising level of health awareness among the global population is expected to make nutrition and health the top grossing segment over the report’s forecast period as well.

On the basis of geography, the market has been segmented into North America, Asia Pacific, Europe, Middle East, and Rest of the World.The report also gives an expansive picture of the competitive landscape of the global specialty ingredients market with the help of detailed business profiles, SWOT analysis, finance-related data, and other details of some of the key vendors operating in the market, recent developments, and inputs from industry experts. Some of the key vendors in the market profiled in the report are Naturex S.A., Archer Daniels Midland Co., Koninklijke DSM N.V., Ingredion Incorporated, CHR. Hansen Holding A/S, Ashland Inc., E. I. du Pont de Nemours and Company, and Cargill Inc.

The market has been segmented in the report as follows:

Specialty Ingredients Market: By Geography

North America

• U.S.
• Canada
• Others

Europe

• U.K.
• Italy
• Spain
• France
• Germany
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• Rest of Asia Pacific

Middle East

• Saudi Arabia
• A.E.
• Rest of Middle East

Rest of the World

• Brazil
• Argentina
• Others

Specialty Ingredients Market: By ApplicationType

Food and Beverage

• Natural
• Synthetic

Nutrition and Health

• Nutraceuticals Ingredients

1. Natural
2. Synthetic

• Active Pharmaceutical Ingredients

1. Natural
2. Synthetic

• Personal Care

Skin Care

1. Natural
2. Synthetic

Hair Care

1. Natural
2. Synthetic

Oral Care

1. Natural
2. Synthetic