DUBLIN, Apr. 10, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "U.S. Ingredients Market Size & Trend Analysis By End-Use (Packaged Food & Bakery, Homecare, Personal care, Industrials & Other Ingredients), Competitive Strategies, And Segment Forecasts, 2011 - 2025" report to their offering.
The U.S. ingredients market is anticipated to reach USD 42.6 billion by 2025
Shift in consumer preferences towards environment-friendly and natural products has forced the ingredient manufacturers to focus more on research & development of naturally extracted, with minimum processing and nutrient rich ingredients.
To fulfill the evolving product demand along with compliance to stringent regulatory frameworks in the U.S., manufacturers have been focusing majorly in technological development, such as the enzyme-catalyzed technology. The main advantage of this process is that it produces minimal wastage during product processing. Another instance would be introduction of the micro-encapsulation technology, a novel process designed and triggered for the enhancement of constituents' shelf-life and influence of these products on the finished products.
The regulatory trends are more favorable for the natural and green ingredients in comparison to the synthetic ones. The major concern in the region is regarding the formulation process of organic raw materials with the minimal utilization of petrochemicals, adhering to the regulatory requirements.
The industrial ingredients were the largest end-use category in 2015 and is expected to grow at a CAGR of over 4.0% from 2016 to 2025. Significant requirements from metalworking fluids, specialty coatings, and lubricant additives sectors have contributed to the market penetration in the sector.
Key players including BASF, DuPont, PPG Industries, Sherwin Williams, Arkema, Evonik and Ashland Inc. account for approximately 48% of sales value in the region. Acquisitions continue to concentrate on the manufacturing and the supplier base.
Some of the recent launches in the market include BASF's 10% Beta Carotene Colorant, a novel ingredient for nutrition-rich, food & beverage end use products. The company has developed this product specially targeting formulators that are in search for a replacement for Azo dyes yellow 5 and 6 in soups, beverages, and nutrition & confections products.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. U.S. Ingredients Industry Outlook
4. U.S. Ingredients Market: End-Use Outlook
5. Competitive Landscape
6. Company Profiles
- Vantage Specialty Ingredients
- Ashland, Inc.
- Symrise AG
- Clariant International
- BASF SE
- Evonik Industries
- Dow Chemicals
- Croda International
- The Lubrizol Corporation
- Huntsman International LLC
- Kao Specialties Americas LLC
For more information about this report visit http://www.researchandmarkets.com/research/4dxvpc/u_s_ingredients
Laura Wood, Senior Manager
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SOURCE Research and Markets