Friday, 26 July 2013

Research Report: Global Food Ingredients Market Size 2013


Food ingredients market forms a significant part of overall food and beverage (F&B) value chain. These ingredients are often vital in contributing desired taste, appearance, nutritional properties and functionality to food. Food ingredients are primarily sold to the producers of prepared food, beverage, dairy, bakery, meat and fish and confectionery that include large food manufacturing companies as well as medium-sized companies. All ingredient companies need to adhere to stringent supervisory, regulatory and environmental standards. Overall food ingredients market can be divided into - specialty and bulk food ingredients. The global specialty food ingredients market has been driven by factors like growing world population, urbanization and rising health awareness.




In the year 2012, flavors represented the largest segment in the overall specialty food ingredients market stimulated and broadened by changing social habits and economic growth, especially in emerging markets. Food enzymes, hydrocolloids, emulsifiers and functional ingredients like probiotics are considered as high growth segments. Companies are developing new formulas for ingredients to meet changing consumer preferences and customer needs. There has been a growing trend to reduce/replace artificial ingredients, which are increasingly viewed as unhealthy by consumers, with natural ingredients.

The market is characterized with high entry barriers like strict regulatory requirements and highly research intensive industry. The industry is intensely competitive with numerous companies operating in the market, ranging from specialist manufacturers to diversified players. Kerry Group is the leading player in the global food ingredients market, offering the broadest portfolio of products. The other significant players include DSM, DuPont, Tate & Lyle, Givaudan, and Chr Hansen, among others.


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