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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
o Dairy Products
o Bakery
o Confectionary
o Meat & Poultry
- Dried Processed Food
Global Specialty Food Ingredients Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global specialty food ingredients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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