The global specialty food ingredients market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. The new product launches across the globe by players in the market during the forecast period is the primary factor propelling the growth of the market. New developments in the product also support catering to the growing demand for health-related foods further driving the growth of the market during the forecast period. For instance, in May 2022, Symega Food Ingredients Ltd. launched ‘CUISINARY’, a range of premium quality food solutions, including seasonings, sauces, coatings, and flavor enhancers for professional kitchens. All products are crafted with high-quality ingredients and are aimed at providing food solutions for hotels, restaurants, caterers, and quick-service restaurant food services.
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Further, in May 2022, Bioiberica launched brand new ingredients and products at Vitafoods. The company had entered two new health areas – digestive health and skin and beauty and also unveil a range of new functional food applications for its collavant n2 native type II collagen ingredient for joint health. For instance, in December 2021, B.T. Sweets launched a botanical sugar alternative. As an alternative to table sugar, its sweetener embodies the same textural properties as table sugar with zero added sucrose or artificial additives. The plant-based soluble fibers that make up this sugar alternative. It is an alternative that can be used in dry, wet-hot, and cold applications.
In addition, in September 2021, the US Food and Drug Administration (US FDA) approved butterfly pea flower extract as a color additive in response to a petition by Sensient’s Color Group. The “exceptionally heat stable,” water-soluble ingredient produces shades ranging from bright blues and intense purples to natural greens.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Archer Daniels Midland Co., Axiom Food Inc., Biocatalysts Ltd., DuPont de Numerous, Inc., Enzyme Supplies Ltd., FDL Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Specialty Food Ingredients Market Report Segment
By Type
- Food Colors
- Emulsifiers
- Food Flavors
- F&B Start Cultures
- Preservatives
- Functional Food Ingredients
- Sugar Substitutes
By Application
- Beverages
- Food
- Dried Processed Food
A full report of Specialty Food Ingredients Market is available at: https://www.omrglobal.com/industry-reports/specialty-food-ingredients-market
