Specialty Ingredients Market to Expand at CAGR 6.60% during 2015-2021

The global specialty ingredients market is prognosticate dto expand within the coming years. Some of the key players in the global specialty ingredients market are Royal DSM N.V. (The Netherlands), Archer Daniel Midland (U.S.), Kerry Groups (Irelands), Cargill Inc. (U.S.), E. I. DuPont de Nemours and Company (U.S.), Givaudan Flavors (Switzerland), CHR, Sensient Technologies (U.S.), Hansen (Denmark), Tate & Lyle PLC (U.K.). According to a recent report published by Transparency Market Research (TMR), the global specialty ingredients market is expected to develop at a CAGR of 6.60% within the forecast period from 2015 to 2021. As evaluated in 2014, the market was worth of US$205.2 bn. This figure is expected to reach around wortUS$320.6 bn by the end of forecast period, 2021. 

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Based on function of various food ingredients global specialty food ingredients market is segmented into acidulants, color, starches and nutraceuticals, food enzymes, food preservatives, flavor, and food emulsifiers,. Among these, the nutraceuticals segment has the highest market share in specialty food ingredients. Geographically, North America holds the largest market share for specialty food ingredients, trailed by Asia Pacific and by Europe. The regions are foreseen to dominate the market due to rise in consumption of processed food items in the countries such as Canada and the U.S. 

Rising disposable Income of People to Fuel Market Growth 

The global specialty ingredients market is majorly propelled by factors for example rise in income levels of the people, rising health awareness among the population all over the world, and growing demand for anti-ageing cosmetics and other products. Increase in demand for nutrition and health, food and beverage, and personal care products has also boosted the growth of specialty ingredients market. Moreover, to preserve the nutrients, freshness, and flavor, specialty ingredients are utilized in food products. They are known to help prevention of wastage of food and improve the shelf life of the products. In several cases, more than two specialty ingredients are utilized for the betterment of food quality and protection. Along with that, the rise in demand for packaged food products is fueling the use of specialty food ingredients in the developing market. There has also been a surge in personal care elements, for example additives, anti-oxidants, antimicrobials, and several other refined ingredients. Besides, growing inclination towards organic products among buyers combined with their rising disposable income, offers high development potential for the improvement of personal care items planned with natural specialty ingredients. 

Growing Application of Natural Personal Care Products to Boost Demand all over the World 

According to the current patterns coupled with market needs and advancing buyer’s needs is contributing in product differentiation, has boosted the development of the personal care ingredients market. Growing demand for natural specialty ingredients is anticipated to be high as consumers are moving from artificial to natural products as they don’t contain toxic compounds. Also, because of the developing application of healthy skin, hair mind, beautifying agents, shower items, and scents, the request of common specialty ingredients is anticipated to stay high with a specific end goal to suit the particular needs of the buyers all around. Be that as it may, distinctive stringent government regulations has come up as a burden for the manufacturers to deal in the market.

Specialty Ingredients Market Global Industry Analysis and Forecast Till 2021

Transparency Market Research announces the publication of a new research report on the global specialty ingredients market. According to the report, the global specialty ingredients market will grow at a 6.60% CAGR during the period between 2015 and 2021. The report, titled ‘Specialty Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that the global specialty ingredients market stood at US$205.2 bn in 2014 and will reach US$320.6 bn by 2021.

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The global specialty ingredients market is primarily boosted by factors such as the rapidly developing food and beverage sector, increase in demand for personal care products, and growing nutrition and health awareness. Leading market players are introducing numerous specialty ingredients, which are used in food items for various purposes such as to preserve freshness, flavor, and nutrients. This helps in avoiding wastage of food. Many leading companies in the global specialty ingredients market introduce specialty ingredients that can be used in personal care products in order to increase their shelf life.

Considering all these factors, the global specialty ingredients market is expected to develop rapidly during the forecast period. Some of other factors influencing the growth of the global specialty ingredients market are healthy economic growth, increasing disposable incomes, changing consumer preferences and tastes, and changing demographic profile of consumers. The global specialty ingredients market includes leading market players dealing in different kinds of specialty ingredients. Some of the leading players in the global specialty ingredients market are Archer Daniels Midland Co., E.I. du Pont de Nemours and Company, Koninklijke DSM N.V., CHR Hansen Holding A/S, and many others. Introduction of new flavors in specialty ingredients will boost the global specialty ingredients market further. By geography, the global specialty ingredients market is divided into North America, Asia Pacific, Europe, the Middle East, and Rest of the World. In terms of revenue, the North America market for specialty ingredients led the global specialty ingredients market in 2014 and will continue to hold its dominance during the forecast period. In terms of revenue, Asia Pacific is expected to be on the second position during the forecast period. Growing preference of the consumers for natural ingredients in cosmetics, food, and wellness products will influence the development of global specialty ingredients market in North America and Asia Pacific.

By application, the global specialty ingredients market is divided into nutrition and health, personal care, and food and beverage. The nutrition and health application segment of the specialty ingredients market was the largest in 2014, with a US$152.4 bn valuation. Growing health awareness is the primary factor driving the market for nutrition and health specialty ingredients. The market for food and beverages is predicted to grow at a strong CAGR during the forecast period, leading to steady demand from the specialty ingredients market. Improving income of the average buyer, demand for anti-aging food products, and health consciousness will propel the global specialty ingredients market till 2021.

Specialty Ingredients Market will Reach US$320.6 bn by 2021 ,Expanding at a 6.60% CAGR between 2015 & 2021

The global market for specialty ingredients is characterized by strict regulatory requirements for approvals, a vast rise in R&D expenditures, and excellent growth prospects. With a wide range of application areas across industries such as food and beverages, health and nutrition, personal care, and pharmaceuticals, the market is attracting attention from a large number of players.

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Innovation in product varieties and technological developments are emerging as key differentiators of profit margins. Companies are increasingly looking at ways to reduce costs to remain competitive as raw material prices continue to rise and vendors in emerging markets continue to introduce cheaper products. Transparency Market Research reports in one of its recent studies that the global specialty ingredients market will witness a surge in the number of players and a significant rise in product varieties in the next few years.

The market will expand at a healthy 6.6% CAGR over the period between 2015 and 2021. Expanding at this pace, the market, which held an opportunity worth US$205.2 bn in 2014, is expected to rise to US$320.6 bn by 2021.

Here’s a look at some of the factors central to the overall development of the market:

Which are the factors chiefly impacting the growth of the global specialty ingredients market?

The considerable rise in health awareness among consumers, changing lifestyles, and an increased demand for cleaner labels that guarantee chemical-free products are significantly supporting the demand for a variety of specialty ingredients globally. The growing need to limit the use of synthetic ingredients, the increasing usage of botanicals, and the declining use of artificial emulsifiers and sweeteners have also resulted in the increased demand for a variety of specialty ingredients in the food and beverages industry.

The growing portfolio of specialty ingredients suitable for use in personal care products and pharmaceuticals has also boosted the growth prospects of the global specialty ingredients market in the past few years. The market’s growth is, however, is somewhat restrained owing to the lengthy and complex approval procedures from governing bodies. The highly diverse approval processes across different countries and regions is also a major factor undermining the growth of the global specialty ingredients market.

Which is the dominant region in the global specialty ingredients market?

North America is presently the dominant regional market for specialty ingredients, contributing the most to the global market’s overall revenue in 2014. The high concentration of some of the largest producers of specialty ingredients and leading companies in key end-use industries such as food and beverages, pharmaceutical, and personal care products has granted North America a highly influential position in the global specialty ingredients market. The rising consumer preference for natural ingredients in the food, chemicals, and health and wellness sectors has also influenced the demand for specialty ingredients in the region in the past few years. The region is expected to remain at the forefront of the global specialty ingredients market over the coming years.

However, it is likely to lose its attractiveness to the market in Asia Pacific, which is expected to expand at the fastest CAGR from 2015 through 2021.

What is the nature of the competitive landscape of the global specialty ingredients market?

The market features a large number of specialty ingredient manufacturers across the globe, essentially indicating a highly fragmented competitive landscape. With innovation and strong global presence being the key determinants of long-term success, the large number of small-sized vendors with innovative technologies and technical expertise are seeking consolidation. Large companies wanting to expand their product portfolio, strengthen their technical know-how, and expand on a global front view small vendors as attractive acquisition targets.

 Many recent acquisitions in the global market justify this fact, including the acquisition of salmon nutrition leader EWOS and NatureWax, a natural vegetable-based wax business, by Cargill Inc.

Ability to Increase Shelf Life Ensures Bright Future of Specialty Ingredients Markets

Specialty ingredients are used in foods and beverages, health and nutrition, as well as in cosmetics and personal care products, to add a specific benefit to the core recipe of the product, making it advantageous to both the consumers and the manufacturers. The benefits that specialty ingredients provide include improved taste, enhanced texture, longer shelf life, more nutrition, and better visual appeal, among several others.

Specialty Ingredients Market to Exhibit 6.60% CAGR 2015-2021

Major specialty ingredients used in food and beverages include:

1. Corn Sweeteners
2. Crystalline Fructose
3. Citric Acids
4. Enzymes
5. pH Control Salts
6. Proteins
7. Flavors
8. Flavor Enhancers
9. Fats and oils
10. Soy Protein
11. Vegetable Proteins
12. Bioactives
13. Colorless Fiber
14. Flavorless fiber
15. Preservatives and Antioxidants
16. Vitamins and Minerals
17. Textureless Fiber
18. Starches
19. Food acids
20. Emulsifiers

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The specialty ingredients market is expected to exhibit a CAGR of 6.60% in the period from 2015 to 2021, according to a report published by Transparency Market Research. The growth of the market is attributed to the increase in demand for personal care products, the growing food and beverages sector, and the growing health awareness among the global population.

Avoiding Food Wastage by Use of Specialty Ingredients

Specialty ingredients such as salts, acids, antioxidants, flavors, flavor enhancers, citric acid, starch, vinegar, and corn syrup solids are used in a variety of foods and beverages to increase their shelf life as well as to preserve their freshness, flavor, and nutrients. This helps in avoiding wastage of food due to bacterial growth, souring of dairy products, and deterioration of food in general. Foods and beverages are prone to rotting or perishing due to a combination of high temperatures and humidity, which are conditions conducive to the growth of microbial cultures. As such, the inclusion of specialty ingredients in foods and beverages to increase their shelf life has saved a large quantity of food products from being discarded. In fact, two or more specialty ingredients are used in some food products to enhance the food quality and protect it.

Similar to increasing the shelf life of food products, many of the leading manufacturers of specialty ingredients are focusing on developing and introducing specialty ingredients that can be used to increase the shelf life of personal care products.

Growing Demand for Natural Specialty Ingredients in Personal Care Products

An increasing number of people are obsessed about reversing the aging process and maintaining a younger looking skin. Thus, there has been a growing demand for anti-aging products. As more and more people are becoming aware of the negative effects of chemicals used in skin care products to show quick results, the demand for safer replacements is growing. Consumers are demanding the use of natural specialty ingredients such as antioxidants, additives, antimicrobials, and others as opposed to harsher chemicals. Thus, synthetic specialty ingredients are being replaced by the use of natural specialty ingredients, especially in India, Indonesia, South Korea, and China.

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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

Global Specialty Ingredients Market to Reach US$320.6 bn by 2021, Driven by Growth of Food and Beverage Sector

Transparency Market Research announces the publication of a new research report on the global specialty ingredients market. According to the report, the global specialty ingredients market will grow at a 6.60% CAGR during the period between 2015 and 2021. The report, titled ‘Specialty Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that the global specialty ingredients market stood at US$205.2 bn in 2014 and will reach US$320.6 bn by 2021.

The global specialty ingredients market is primarily boosted by factors such as the rapidly developing food and beverage sector, increase in demand for personal care products, and growing nutrition and health awareness. Leading market players are introducing numerous specialty ingredients, which are used in food items for various purposes such as to preserve freshness, flavor, and nutrients. This helps in avoiding wastage of food. Many leading companies in the global specialty ingredients market introduce specialty ingredients that can be used in personal care products in order to increase their shelf life.

Considering all these factors, the global specialty ingredients market is expected to develop rapidly during the forecast period. Some of other factors influencing the growth of the global specialty ingredients market are healthy economic growth, increasing disposable incomes, changing consumer preferences and tastes, and changing demographic profile of consumers. The global specialty ingredients market includes leading market players dealing in different kinds of specialty ingredients. Some of the leading players in the global specialty ingredients market are Archer Daniels Midland Co., E.I. du Pont de Nemours and Company, Koninklijke DSM N.V., CHR Hansen Holding A/S, and many others. Introduction of new flavors in specialty ingredients will boost the global specialty ingredients market further. By geography, the global specialty ingredients market is divided into North America, Asia Pacific, Europe, the Middle East, and Rest of the World. In terms of revenue, the North America market for specialty ingredients led the global specialty ingredients market in 2014 and will continue to hold its dominance during the forecast period. In terms of revenue, Asia Pacific is expected to be on the second position during the forecast period. Growing preference of the consumers for natural ingredients in cosmetics, food, and wellness products will influence the development of global specialty ingredients market in North America and Asia Pacific.

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By application, the global specialty ingredients market is divided into nutrition and health, personal care, and food and beverage. The nutrition and health application segment of the specialty ingredients market was the largest in 2014, with a US$152.4 bn valuation. Growing health awareness is the primary factor driving the market for nutrition and health specialty ingredients. The market for food and beverages is predicted to grow at a strong CAGR during the forecast period, leading to steady demand from the specialty ingredients market. Improving income of the average buyer, demand for anti-aging food products, and health consciousness will propel the global specialty ingredients market till 2021.

Key segments of The Electric Motors Market

Specialty Ingredients Market: By Geography

• North America
• US
• Canada
• Others

Europe

• UK
• 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

1. Nutraceuticals Ingredients

• Natural
• Synthetic

2.Active Pharmaceutical Ingredients

• Natural
• Synthetic

3.Personal Care

     Skin Care

• Natural
• Synthetic

      Hair Care

• Natural
• Synthetic

      Oral Care

• Natural
• Synthetic

Specialty Ingredients Market is Expected to Reach USD 320.6 billion in 2021

The specialty ingredients market on the basis of application is categorized into food and beverage, nutrition and health and personal care. Food and beverage specialty ingredients market is further sub divided into natural and synthetic category. The nutrition and health specialty ingredients market is sub categorized into nutraceutical ingredients and active pharmaceutical ingredients where both the categories have been further subdivided into natural and synthetic type. Likewise, the personal care specialty ingredients is also been segmented into natural and synthetic categories.

The rise in the demand for food and beverage, nutrition and health, and personal care products.have fuelled the growth the global specialty ingredients market. In terms of application, specialty ingredients are used in food products to preserve nutrients, flavor, and freshness; thereby preventing food wastage. The increasing demand for packaged food has also led to the growth of food and beverage specialty ingredients market. Specialty ingredients are also being used in personal care products to increase the overall shelf life of the products. Some of the other key factors influencing the growth of the global specialty ingredients market are healthy economic growth, changing demographic profile, increasing disposable incomes, and changing consumer tastes and preferences among other factors.

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The global specialty ingredients market is expected to undergo several changes such as shift in the preference of the consumers towards natural specialty ingredients. At present, increasing awareness among consumers regarding natural products is growing as consumers are becoming more concerned about their health. As chemical components are included in synthetic products, consumers are shifting towards natural products and which in turn has resulted in increasing demand for natural specialty ingredients. Furthermore, recent trends have also shown, in order to attract more customers and to meet the changing consumer preferences, the manufacturers from the food and beverage sector are involved in the introduction of new flavors.. Addition of new flavors time and again has helped the market for specialty ingredients to grow at a considerable rate.

The market for nutrition and health specialty ingredients is comparatively larger as compared to the food and beverage specialty ingredients and personal care specialty ingredients and is expected to remain so during the forecast period. Growing consumer awareness regarding health and the urge to maintain a proper balanced diet are the factors driving the market for nutrition and health specialty ingredienst.

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The report also provides an understanding of the value (USD billion) of specialty ingredients market. The study also provides forecast from 2015-2021 and highlights current and future market trends. The report also provides an understanding of company shares of specialty ingredients in North America, Europe, Asia Pacific, Middle East and Rest of the World.

By Geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Rest of the World. The countries included in North America are the U.S., Canada and others. U.K., Italy, Spain, France, Germany and Rest of Europe have been included in region of Europe. The countries included in the Asia Pacific region are China, India, Japan, India, Australia and Rest of Asia Pacific. Saudi Arabia, U.A.E. and Rest of Middle East countries are included in the Middle East region. Brazil, Argentina and others have been included among the Rest of the World countries.

The report also provides the company market share analysis of key players operating in the specialty ingredients domain. The study in application type segment covers food and beverage, nutrition and health, and personal care. The key players operating in global specialty ingredients market are Archer Daniels Midland Co., CHR. Hansen Holding A/S , Cargill Inc., Naturex S.A., Ashland Inc., Koninklijke DSM N.V. Ingredion Incorporated and E. I. du Pont de Nemours and Company among others.

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

U.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

Natural

Synthetic

Active Pharmaceutical Ingredients

Natural

Synthetic

Personal Care

Skin Care

Natural

Synthetic

Hair Care

Natural

Synthetic

Oral Care

Natural

Synthetic

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