18 September 2018: Specialty food ingredients are substances used in foods to enhance the flavor, texture, and color of foods. The emergence of various chronic diseases has forced people to reconsider their current lifestyles and adopt a healthier diet. Sensory and functional are two types of specialty food ingredients. The former comprises enzymes, colorants, emulsifiers, flavors, and others, while vitamins, minerals, preservatives, antioxidants, and others are covered in the latter category.
The research into molecular nutrition and health consciousness among consumers are factors that have brought a change into manufacturing practices of food manufacturing companies. For instance, Sola Snacks has launched Ginger Sola Bars that contains natural ingredients such as flax seeds, herbs, and spices. The changing palates of consumers will bring about a variety of new flavors and aromas in processed and convenience foods.
Increase Nutritious Value of Foods
Specialty food ingredients are divided into two major segments, sensory and functional. The sensory segment value is expected to surpass USD 8 billion by 2025. This can be attributed to demand for sensory ingredients in convenience foods and confectioneries by consumers. The increasing interest in adaptogens by consumers such as Ashwagandha, an ingredient derived from plant extracts, has led to its inclusion in many beverages.
The functional segment is predicted to exhibit a 5.5% CAGR from 2017 to 2025 due to its preference in functional foods. Functional foods constitute the diet of the elderly and consumers with chronic diseases. They play a major role in meeting nutrition deficiency needs. The use of antioxidants and preservatives to extend shelf life of foods are also expected to contribute to the growth of this segment. For instant, truffles are finding increasing use as a functional ingredient on account of containing essential nutrients.
Market Overview
The global specialty food ingredients market is predicted to touch USD 116.50 billion by 2025, according to a report by Grand View Research, Inc. Demand for quality food products is expected to drive market growth throughout the forecast period (2014-2025). Health consciousness among consumers and preference for convenience foods are other factors that can influence market demand. Introduction of new flavors and development of food process technologies to ensure encapsulation of foods are expected to attract new consumers and influence demand. Key market players include Kerry Group; PPG Industries, Inc.; Frutarom Industries Ltd.; and KF Specialty Ingredients.
In-Depth Research Report On Specialty food ingredients market:
https://www.grandviewresearch.com/industry-analysis/specialty-food-ingredients-market
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