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Global Food Ingredients Market Report: 2013 Edition - Koncept Analytics
Global Food Ingredients Market Report: 2013 Edition - Koncept Analytics
Global Food Ingredients Market Report: 2013 Edition - Koncept Analytics
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.
The present report offers an analysis of the global food ingredients market with a special focus on sub-segments like flavors, sweeteners, food colorants, hydrocolloids, enzymes and cultures market. It also discusses key growth drivers, opportunities and major challenges faced by the food ingredients industry. The report also profiles major players in the food ingredients market.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Market for Specialty Food Ingredients is being Driven by growing population, urbanization and rising health awareness...
Global Specialty Food Ingredients Market (2006-2012) The food ingredients market is a significant part of the food and beverage (F&B) value chain. The global specialty food ingredients market reached US$... billion in 2012 from US$...... billion in 2011. The flavors segment represents the largest share, .%, of the overall specialty food ingredients market in 2012. Food enzymes were considered as a high growth segment and grew at a rate of ..%. Specialty Food ingredients are used in a variety of applications. A large share of food ingredients approximately .% is consumed in savory, ..% is used in beverages, .% in bakery, .% in diary, ..% in meat/fish and .% in oil/fats.
2007
2008
2009
2010
2011
2012
Savoury Meat/Fish
Beverages Preserves
Bakery Oils/Fats
Diary Others
With rising consumption of processed and low calorie food and change in customer preferences, the usage of flavors, colors, enzymes has increased
Global Flavors Market Size (2009-2012) The global colorants market increased from US$..... billion in 2011 to approximately US$..... billion in 2012. The global market for flavors increased from US$.... billion in 2011 to US$..... billion in 2012.
US$ Billion
The overall food enzyme market was estimated at US$.... million in 2011 and is expected to reach US$....billion by 2015. Specialty starches and hydrocolloids are part of food ingredients that provide specific mouth-feel, thickness, stabilization properties and texture to food. Common examples include corn starch, Carrageenan, Xantham gum used in bakery, confectionery and prepared foods.
2009
2010
2011
2012
Global sales in specialty food starch category were at US$...... billion in 2011 and are estimated to reach US$...... billion by 2015.
US$ Billion
Diary
Brewing
Juice
Others
GDP growth in emerging markets, demand for better-flavored products and rising middle class will drive specialty food ingredients market
Global Specialty Food Ingredients Market Forecast (2012-2016F)
US$ Billion
2012A
2013F
2014F
2015F
2016F
The global food ingredients market is forecasted to grow at a CAGR of ..% over the period 2012 to 2016 and will amount to approximately US$...... billion by 2016. The consumer demand for products using flavors, enzymes and cultures is driven by factors including increasing personal income, dual-earner households, health concerns, and urbanization, coupled with the continued growth in world population. In emerging markets, strong GDP growth and a significant rise of the middle-class consumer are the major contributors to the escalating demand for better-flavored and convenient food products.
Koncept Analytics
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Vikas Gupta
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