Specialty Food Ingredients Market by Type (Flavors, Colors, Texturants, Preservatives, Sweeteners, Nutraceuticals, Starches, Cultures, Acidulants) & by Application (Bakery & Confectionery, Dairy, Beverages, Meat Products) - Global Trends & Forecast to 201

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Apr 28, 2014, 01:37 ET

NEW YORK, April 28, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Specialty Food Ingredients Market by Type (Flavors, Colors, Texturants, Preservatives, Sweeteners, Nutraceuticals, Starches, Cultures, Acidulants) & by Application (Bakery & Confectionery, Dairy, Beverages, Meat Products) - Global Trends & Forecast to 201

http://www.reportlinker.com/p02098921/Specialty-Food-Ingredients-Market-by-Type-Flavors-Colors-Texturants-Preservatives-Sweeteners-Nutraceuticals-Starches-Cultures-Acidulants--by-Application-Bakery--Confectionery-Dairy-Beverages-Meat-Products---Global-Trends--Forecast-to-201.html

The specialty food ingredients market is experiencing new traction due to rise in the demand for healthier & tasty food and changing lifestyles of the consumers. This report estimates the market value of specialty ingredients by types and applications. In terms of geography, the report is segmented into Asia-Pacific, Europe, North America, and Rest of the World (ROW). The specialty food ingredients market is broadly segmented on the basis of types and applications. With a huge market potential and growing consumer preference, the market is likely to witness remarkable growth in the coming years. Specialty food ingredients applications may differ from one ingredient to another depending on the required characteristic of both the application and the ingredient.

Functional food ingredients are the dominant specialty ingredients being used in a wide range of applications and are growing at robust pace. Enzymes are the fastest growing specialty food ingredient type. Other ingredients such as emulsifiers, hydrocolloids, sweeteners, colors, and flavors are also estimated to grow at healthy CAGR.

North America generated maximum revenue in the specialty food ingredients market. Europe follows North America and has reached maturity due to maturity of end-user industries. Demand for specialty food ingredients will be led by the emerging economies, such as China, India, Brazil, and South Africa due to rising consumption of processed foods, rising disposable incomes, and urbanization in these countries. Asia-Pacific is estimated to be the fastest growing market for specialty food ingredients. Latin American and the Middle East & African countries exhibit rapid gains in this market. Factors such as growth of the global aging population and the increasing demand for specialty nutrition sector will ramp up the demand for these ingredients in emerging economies.

Major companies are investing in R&D for developing new products. Specialty food ingredients companies are adopting expansion strategies by way of mergers and brown field operations to explore new product categories and markets.

1 INTRODUCTION 31

1.1 OBJECTIVES 31
1.2 REPORT DESCRIPTION 32
1.3 MARKETS COVERED 33
1.4 STAKEHOLDERS 33
1.5 RESEARCH METHODOLOGY 34
1.5.1 MARKET SIZE ESTIMATION 36
1.5.2 KEY DATA POINTS TAKEN FROM SECONDARY SOURCES 38
1.5.3 KEY DATA POINTS TAKEN FROM PRIMARY SOURCES 38
1.5.4 ASSUMPTIONS MADE FOR THIS REPORT 39

2 EXECUTIVE SUMMARY 40

3 MARKET OVERVIEW 43

3.1 INTRODUCTION 44
3.1.1 KEY FEATURES 44
3.1.1.1 Superior Quality with Discrete Features 44
3.1.1.2 Market Determined by Consumer Trends 44
3.1.1.3 North America Dominates the Specialty Food Ingredient Market 46
3.2 TYPES OF SPECIALTY FOOD INGREDIENTS 46
3.2.1 ENZYMES 46
3.2.2 COLORS 46
3.2.3 PRESERVATIVES 46
3.2.4 FLAVORS 47
3.2.5 ACIDULANTS 47
3.2.6 HYDROCOLLOIDS 47
3.2.7 EMULSIFIERS 47
3.2.8 FOOD CULTURES 48
3.2.9 FUNCTIONAL FOOD INGREDIENTS 48
3.2.10 SPECIALTY STARCHES 48

3.2.11 SUGAR SUBSTITUTES 48
3.2.12 FOOD & BEVERAGE ENZYMES ANTICIPATED TO EXPERIENCE TREMENDOUS GROWTH 50
3.3 APPLICATIONS OF SPECIALTY FOOD INGREDIENTS 50
3.4 MARKET DYNAMICS 51
3.4.1 DRIVERS 51
3.4.1.1 Uproar For Convenience Foods: A Key Trend 51
3.4.1.2 Nutrition & Taste Convergence 51
3.4.1.3 Rising Per Capita Consumption In Emerging Economies 52
3.4.1.4 Growth in Application Sectors: A Global Phenomenon 52
3.4.1.5 R&D and Innovations to Expand Applicability & Escalate Growth 52
3.4.2 RESTRAINTS 53
3.4.2.1 Food Safety Concerns & Regulations 53
3.4.2.2 Consumer Perception for E-Numbers 53
3.4.2.3 Raw Material Availability, Cost, and Technological Barriers 54
3.4.2.3.1 Vulnerability to seasonal changes also affects raw material production 54
3.4.3 OPPORTUNITIES 56
3.4.3.1 Asia-Pacific: A Growth Engine 56
3.4.3.2 Meliorating the Product Portfolio 57

4 INDUSTRY ANALYSIS 58

4.1 CORE INDUSTRY ANALYSIS 58
4.2 MARKET TRENDS & INSIGHTS 59
4.2.1 GROWING SALES ACROSS THE SEGMENTS OF THE INDUSTRY 59
4.2.2 SIGNIFICANT INVESTMENT IN INNOVATION & TECHNOLOGY 60
4.2.3 SHIFTING FOCUS FROM SENSORY INGREDIENTS TO FUNCTIONAL INGREDIENTS 60
4.3 WINNING IMPERATIVE 60
4.3.1 MERGERS & ACQUISITIONS BY KEY MARKET PLAYERS 60
4.4 BURNING ISSUE 61
4.4.1 EMPHASIS ON HEALTH & WELLNESS 61
4.5 PORTER'S FIVE FORCES ANALYSIS 62
4.5.1 DEGREE OF COMPETITION 63
4.5.2 BARGAINING POWER OF SUPPLIERS 63
4.5.3 BARGAINING POWER OF BUYERS 63
4.5.4 THREAT OF SUBSTITUTES 64
4.5.5 THREAT FROM NEW ENTRANTS 64
4.6 SUPPLY CHAIN ANALYSIS 65

5 TOTAL ADDRESSABLE MARKET 66

5.1 INTRODUCTION 66
5.1.1 FUNCTIONAL FOOD 67
5.1.2 BAKERY 68
5.1.3 CONFECTIONERY 68
5.1.4 DAIRY 68
5.1.5 BEVERAGES 69
5.1.6 MEAT, SEAFOOD, & POULTRY 69
5.1.7 FUNCTIONAL BEVERAGES 69
5.1.8 DIETARY SUPPLEMENTS 70
5.1.9 BABY FOOD 70

6 PREMIUM INSIGHTS 71

7 FOOD EMULSIFIERS MARKET 84

7.1 INTRODUCTION 85
7.1.1 KEY FEATURES 85
7.1.1.1 Enhances the Shelf Life of the Products 85
7.1.1.2 Market Leaders Focus on Product Portfolio to Gain Market Presence 85
7.2 BY APPLICATION 87
7.2.1 BAKERY & CONFECTIONERY 87
7.2.1.1 Awareness of Impact of Low-Fat Food Creates Demand in Bakery & Confectionery 87
7.2.2 CONVENIENCE FOODS 88
7.2.2.1 Deskbound Lifestyles Boost Convenience Food Market 88
7.2.3 DAIRY PRODUCTS 89
7.2.3.1 High Demand for Dairy Products Due to Food Industrialization 89
7.2.4 MEAT PRODUCTS 91
7.2.4.1 R&D Playing Vital Role in Boosting Market Scope for Meat Products 91
7.2.5 OTHERS 92
7.2.5.1 Lifestyle Food Products Gaining Attention in the Market Place 92
7.3 BY REGION 94
7.3.1 NORTH AMERICA 96
7.3.1.1 Demand for Processed Food a Key Driver 96

7.3.1.2 U.S. Food Emulsifiers Sector Dominates Regional Market 97
7.3.2 EUROPE 97
7.3.2.1 Consumer Demand and Manufacturers' Adoption Drive European Market 97
7.3.2.2 Demand from Convenience Foods and Premium Bakery & Confectionery Applications a Key Driver 98
7.3.3 ASIA-PACIFIC 99
7.3.3.1 Prospering Economies Drive Demand for Food Emulsifiers 99
7.3.3.2 China to Drive the Emulsifiers Market in APAC 100
7.3.4 ROW 101
7.3.4.1 A Promising Market Following APAC 101
7.3.4.2 Strong Population Growth and Increasing per Capita Income Would Drive the Market 102
7.4 MARKET SHARE ANALYSIS 102
7.4.1 KEY FEATURES 102
7.4.1.1 Regional Presence of Market Leaders 102
7.4.1.2 Focus Towards R&D and Natural Substitutes for Nutritive Convenience Foods 103

8 HYDROCOLLOIDS 104

8.1 INTRODUCTION 105
8.1.1 KEY FEATURES 105
8.1.1.1 Increased Health Consciousness Among Consumers Driving the Natural Hydrocolloids Market 105
8.1.1.2 Benefits for Food Manufacturers Drive the Hydrocolloids Market 105
8.2 BY APPLICATION 107
8.2.1.1 Prolongs Shelf Life of Baked Products 107
8.2.2 CONFECTIONERY 107

8.2.2.1 Acts as a Gelling Agent in Candies 107
8.2.3 MEAT & POULTRY PRODUCTS 108
8.2.3.1 Thickener & Stabilizer: A Key Characteristic 108
8.2.4 SAUCES & DRESSINGS 108
8.2.4.1 High Demand for Sauces & Dressings in the Marketplace Drives Consumption 108
8.2.5 BEVERAGES 108
8.2.5.1 Performs the Function of Particle Suspension 108
8.2.6 DAIRY & FROZEN PRODUCTS 109
8.2.6.1 Product Suitability Drives Usage 109
8.2.6.2 Wide Functionality of Hydrocolloids Boosts Dairy & Frozen Application 110
8.3 BY REGION 110
8.3.1.1 Demand in Asia-Pacific is Outpacing the Developed Markets 112
8.3.2 NORTH AMERICA 113
8.3.2.1 Functional Potential of Hydrocolloids in New Product Categories to Fuel Growth 113
8.3.2.2 Canadian & Mexican Markets to Grow at Meager Pace 113
8.3.3 EUROPE 114
8.3.3.1 Increasing Health-Conscious Population Propels Growth 114
8.3.3.2 Eastern European Countries to Revive Demand 115
8.3.4 ASIA-PACIFIC 115
8.3.4.1 Asia's middle Class Population, with its Increasing Incomes and Purchasing Power, Prompting Higher Consumption 115
8.3.4.2 China & Japan Exhibit Buoyant Growth 116
8.3.5 ROW 117
8.3.5.1 Large Population Base and Increase in Consumer Spending Fuel Growth 117
8.3.5.2 Flourishing food & beverage industry in Brazil to boost demand 117
8.4 MARKET SHARE ANALYSIS BY VALUE 118
8.4.1 DANISCO: MARKET LEADER IN HYDROCOLLOIDS 118

9 FOOD FLAVORS 120

9.1 INTRODUCTION 121
9.2 CLASSIFICATION OF FOOD FLAVORS MARKET 121
9.2.1 KEY FEATURES 121
9.2.1.1 Rise in Multi-Functional Flavors 121
9.2.1.2 Advanced Technological Innovation 122
9.3 BY APPLICATION 123
9.3.1 BEVERAGES 123
9.3.1.1 Flavored Functional Waters: A Flourishing Product Sector 123
9.3.2 SAVORY & SNACKS 123
9.3.2.1 Savory Flavors: An Evolving Trend 123
9.3.3 BAKERY & CONFECTIONERY 124
9.3.3.1 Exotic Flavorings Will Push the Growth of Bakery Industry 124
9.3.4 DAIRY & FROZEN PRODUCTS 124
9.3.4.1 Growing Demand for Authentic Tastes & Aromas to Fuel Growth 124
9.3.5 OTHERS 125
9.3.5.1 Flavors Offering Realizable and Tangible Health Benefits Fuel the Growth 125
9.3.5.2 Beverage & Baked Products are the Fastest Growing Segments 126
9.4 BY REGION 127

9.4.1.1 New Innovations Lead the Food Flavors Market 127
9.4.2 NORTH AMERICA 128
9.4.2.1 Revolution Seen in Convenience Foods Will Revive Demand for Various Flavors 128
9.4.2.2 U.S. Dominant While Canadian Market Shows Promising Growth 129
9.4.3 EUROPE 129
9.4.3.1 New Ethnic Flavors in Many Countries to Speed Up Demand 129
9.4.3.2 Other Countries Dominant While the French Market to Grow at the Highest Rate 130
9.4.4 ASIA-PACIFIC 131
9.4.4.1 Cost Drivers Encourage Growth of Flavors 131
9.4.4.2 Economic Growth Spurs Demand for Novel Flavors 131
9.4.5 ROW 132
9.4.5.1 The Changing Demographics & Thriving Economy in MEA Fueling Growth 132
9.4.5.2 Favorable Government Policies Propel Growth 133
9.5 MARKET SHARE ANALYSIS 133

10 FOOD COLORS MARKET 135

10.1 INTRODUCTION 136
10.1.1 KEY FEATURES 136
10.1.1.1 Versatility of Raw Materials for Food Colors 136
10.1.1.2 High Costs & Higher Dosage Levels for Natural Colors 137
10.2 BY APPLICATION 139
10.2.1 BEVERAGES 140
10.2.1.1 Alcoholic Beverages: Growing Segment for Natural Colors 140
10.2.2 BAKERY & CONFECTIONERY 140
10.2.2.1 Sugar Confectionery Products Containing Natural Colors are Growing 140
10.2.3 DAIRY PRODUCTS 141

10.2.3.1 Stability and replication act as critical factors for hue characteristics 141
10.2.4 MEAT PRODUCTS 141
10.2.4.1 Consumption of Processed Meat Products Set to Fuel Growth 141
10.2.5 OTHERS 142
10.2.5.1 Growing Market for Ready-to-Eat Food Products Translates into High Demand for Colorants 142
10.2.5.2 Meat Products Make Up the Largest Application Market 143
10.3 BY REGION 144
10.3.1.1 Emerging economies unlock new doors for color companies 145
10.3.2 NORTH AMERICA 146
10.3.2.1 R&D to Strengthen Demand for Natural & Synthetic Colors 146
10.3.2.2 Canada & Mexico to Pick Up Pace 147
10.3.3 EUROPE 147
10.3.3.1 Natural Food Color Trend Here to Stay 147
10.3.3.2 Germany: Leading Market for Food Colors 148
10.3.4 ASIA-PACIFIC 149
10.3.4.1 Thriving Food Processing Industry to Steam Further Growth 149
10.3.4.2 Demographic & Consumption Shifts to Push Growth in India 150
10.3.5 ROW 150
10.3.5.1 Processed & Frozen Food Products Consumption to Propel Growth 150
10.3.5.2 Steady Levels of Economic Growth to Increase Consumption 151
10.4 MARKET SHARE ANALYSIS 152

11 FOOD PRESERVATIVES MARKET 155

11.1 INTRODUCTION 156
11.1.1 KEY FEATURES 157

11.1.1.1 Food Preservation: A Key Function 157
11.1.1.2 R&D & Innovations to Strengthen Demand 157
11.2 BY APPLICATION 159
11.2.1 OILS & FATS 159
11.2.1.1 Increase in the Prices of Oils & Fats Products Demands for Extending the Shelf Life of These Products 159
11.2.2 BAKERY 159
11.2.2.1 Product Suitability Makes Bakery the Most Suited Application 159
11.2.3 DAIRY & FROZEN PRODUCTS 160
11.2.3.1 Easy Process Adaptability 160
11.2.4 SNACKS 160
11.2.4.1 Lifestyle Food Products Gain Attention in the Market 160
11.2.5 MEAT, POULTRY & SEAFOOD PRODUCTS 160
11.2.5.1 R&D Plays a Vital Role in Boosting the Market Scope 160
11.2.6 CONFECTIONERY 161
11.2.6.1 Consumer Awareness Regarding Product Ingredients and Eating Patterns Influences Demands From Confectionery Industry 161
11.2.7 BEVERAGES 161
11.2.7.1 Manufacturers are Developing Clean Tasting, Long-Lasting Drinks Which all Include Natural Labels 161
11.2.8 OTHERS 161
11.2.8.1 Favorable Consumer Trends Set to Fuel Growth 161
11.2.8.2 Convenience Food Trend Makes Snacks the Fastest Growing Application 163
11.3 BY REGION 163
11.3.1 KEY FEATURES 164
11.3.1.1 New Innovations Lead the Food Preservatives Market 164
11.3.1.2 North American Market Leads the Way in the Development of Food Prese

vatives 165
11.3.2 NORTH AMERICA 165
11.3.2.1 Consumer & Manufacturer Requirements Drive Demand 165
11.3.2.2 U.S. A Dominant Market 166
11.3.3 EUROPE 167
11.3.3.1 "All-natural" Trends to Shape the European Market 167
11.3.3.2 Eastern European Economies to Ramp Up Demand 167
11.3.4 ASIA-PACIFIC 168
11.3.4.1 Thriving Food & beverage Industry to Push Growth 168
11.3.4.2 China to Steam Ahead at Rapid Pace 168
11.3.5 ROW 169
11.3.5.1 Economic Development Will Lead to Increase in the Penetration Levels 169
11.3.5.2 Prospering Economies Drive the F&B Sector; This Translates Into Demand for Preservatives 170
11.4 MARKET SHARE ANALYSIS 170

12 FUNCTIONAL FOOD INGREDIENTS 172

12.1 INTRODUCTION 173
12.1.1 KEY FEATURES 173
12.1.1.1 More than 70% of the Americans Prefer a Nutritional Diet 173
12.1.1.2 Clinically Proven Products 173
12.2 BY APPLICATION 175
12.2.1 FUNCTIONAL FOOD 175
12.2.2 FUNCTIONAL BEVERAGES 175
12.2.3 DIETARY SUPPLEMENTS 175
12.2.3.1 Nutritional Deficiencies Spur Dietary Supplement Application 176
12.3 BY GEOGRAPHY 177
12.3.1 NORTH AMERICA 178

12.3.1.1 Largest Contributor to Revenue for the Fibers & Specialty Carbohydrates Market 178
12.3.1.2 Health Issues of Americans Expand the Functional Food Ingredient Market 179
12.3.2 EUROPE 179
12.3.2.1 European Market is Fortified with an Ever Increasing Consumer Demand 179
12.3.2.2 High Importance for Consumer Preferences 180
12.3.3 ASIA-PACIFIC 181
12.3.3.1 Huge Consumer Base Translates into High Demand 181
12.3.3.2 Affordable Resources for Different Ingredients to Push Growth 182
12.3.4 ROW 182
12.3.4.1 High Returns on Investments 182
12.3.4.2 Secure Investment Opportunities to Boost Growth 183
12.4 MARKET SHARE ANALYSIS 184

13 FOOD & BEVERAGE ENZYMES MARKET 185

13.1 INTRODUCTION 186
13.1.1 KEY FEATURES 186
13.1.1.1 High Reaction Specificity 186
13.1.1.2 Challenges in Brewing Industry 186
13.2 BY APPLICATION 187
13.2.1 BEVERAGES 189
13.2.1.1 Aids in Reduction of Calorie Range 189
13.2.2 DAIRY 189
13.2.2.1 Improves the Flavor Profile of Dairy Products 189
13.2.3 BAKERY 190
13.2.3.1 Rapid Advances in Biotechnology have Made a Number of New Enzymes Available for the Bakery Industry 190
13.2.4 OTHERS 191
13.2.4.1 R&D to Increase Applicability 191

13.2.4.2 Bakery: Most Dominant Application 191
13.3 BY REGION 192
13.3.1.1 North America Dominant; Asia-Pacific to Lead Growth 193
13.3.2 NORTH AMERICA 193
13.3.2.1 Technological Advancements to Shape Growth 193
13.3.2.2 Canada & Mexico Moving Ahead at Meager Rate 194
13.3.3 EUROPE 195
13.3.3.1 Saturated Market Scenario: Strong Growth 195
13.3.3.2 German Market to Remain Flat Overall; Other Countries to Perform Well 195
13.3.4 ASIA-PACIFIC 196
13.3.4.1 Urbanization & Rise in Purchasing Power Drive Demand for Enzymes 196
13.3.4.2 China & India Make Headway in Enzymes Market 197
13.3.5 ROW 197
13.3.5.1 MEA - A Promising Investment Opportunity 197
13.3.5.2 Lifestyle Changes Spurs the Adoption of Enzymes 198
13.4 MARKET SHARE ANALYSIS 199

14 SUGAR SUBSTITUTES 201

14.1 INTRODUCTION 202
14.1.1 KEY FEATURES 202
14.1.1.1 Aftertaste & Flavor Compatibility Influence the Range of Products 202
14.1.1.2 Regulations Govern Adoption Rate & Application Scope 202
14.2 BY APPLICATION 203
14.2.1 BEVERAGES 204
14.2.1.1 Consumers from Lower Age Groups Influence Market Dynamics 204
14.2.2 CONFECTIONERY 204
14.2.2.1 Cost and Technical Ease Contribute to the Use of HFS, Sucrose, and Glucose 204
14.2.3 BAKED PRODUCTS 205
14.2.3.1 LIS and Polyols Prove to be the Ideal Substitutes for Sugars 205
14.2.4 DAIRY & FROZEN PRODUCTS 205
14.2.4.1 Petitions for Use of Substitutes Without Added Labels 205
14.2.4.2 Beverages Dominate the Market Share; the Food Segment Shows Promising Growth 206
14.3 BY REGION 207
14.3.1 DRIVERS 207
14.3.1.1 Rising Demand for Low Calorific Food Drives Consumption 207
14.3.2 NORTH AMERICA 209
14.3.2.1 Push for Healthier Foods Drives the Sugar Substitutes Market 209

14.3.2.2 Demand in Mexico and Canada Growing at Faster Pace 210
14.3.3 EUROPE 210
14.3.3.1 Largest Market for LIS Globally 210
14.3.3.2 Food Applications Would Drive the Market for sugar Substitutes 211
14.3.4 ASIA-PACIFIC 212
14.3.4.1 Beverage Industry to Drive HIS Demand in APAC Region 212
14.3.4.2 China: Fastest Growing Both in Consumption & Production of Sugar Substitutes 213
14.3.5 ROW 213
14.3.5.1 Growth in HIS & LIS Drive the Market 213
14.3.5.2 Brazilian Market a Key to the Growing Demand 214
14.4 MARKET SHARE ANALYSIS 215
14.4.1.1 Various Segment Leaders; Focus Gradually Shifting Towards R&D and Natural Substitutes 216

15 SPECIALTY STARCHES MARKET 217

15.1 INTRODUCTION 218
15.1.1 KEY FEATURES 219
15.1.1.1 Rising Prices of Raw Materials Due to Biofuel Production Requirements 219
15.1.1.2 Convenience Food Sector a Boost for Specialty Starch 219
15.2 BY APPLICATION 221
15.2.1 CONFECTIONERY 221
15.2.1.1 Acts as a Thickener & Gelling Agent 221
15.2.2 BEVERAGES 221
15.2.2.1 Aids in Dissolving Sugar in Different Drinks 221
15.2.3 PROCESSED FOODS 221
15.2.3.1 Offer the Food with Excellent Freeze-Thaw Ability & Stability 221
15.2.4 OTHERS 222
15.2.4.1 Performs the Function of Emulsifier 222
15.2.4.2 Texturizing Properties of Specialty Starches Make Confectioneries the Dominant Application 223
15.3 BY REGION 223
15.3.1.1 North American & European Markets to Grow at Steady Pace 224
15.3.2 NORTH AMERICA 224
15.3.2.1 Global Supply Chain of Corn is Influenced by the U.S. 224

15.3.2.2 U.S.: Dominating & Rapidly Growing Market 225
15.3.3 EUROPE 226
15.3.3.1 Stringent Regulations Limit Growth 226
15.3.3.2 German Market Poised for Further Growth 227
15.3.4 ASIA-PACIFIC 227
15.3.4.1 Thriving F&B Industry Translates into High Demand 227
15.3.4.2 Japan a Matured Market 228
15.3.5 ROW 229
15.3.5.1 Escalating Advancements in the Processed Food and Confectionery Industry Boost Demand 229
15.3.5.2 Other Countries Dominant; Brazil Shows Promising Growth 230
15.4 MARKET SHARE ANALYSIS 230
15.4.1 CARGILL: A MAJOR PLAYER IN THE GLOBAL SPECIALTY STARCHES MARKET 231

16 FOOD & BEVERAGES STARTER CULTURES MARKET 232

16.1 INTRODUCTION 233
16.1.1 KEY FEATURES 234
16.1.1.1 Documented Safe Use of Starter Cultures in the Food Industry 234
16.1.1.2 Growing Consumption of Functional Drinks 235
16.2 BY APPLICATION 236
16.2.1 BEVERAGES 236
16.2.2 FERMENTED MEAT PRODUCTS 237

16.2.2.1 Aids in Maintaining Microbiological Quality of Meat Products 237
16.2.3 DAIRY PRODUCTS 238
16.2.3.1 Adds Flavor and Aroma to Dairy Products 238
16.2.4 BAKED PRODUCTS 239
16.2.4.1 Consumer Awareness in Developing Markets to Increase Adoption 239
16.2.5 BREAKFAST CEREALS 240
16.2.5.1 Success of Dairy Segment Complements Growth of Cereals 240
16.2.6 DRY-FOOD PRODUCTS 240
16.2.6.1 Adoption Rate to Increase at A Significant Pace 240
16.2.6.2 Beverages Dominate; Bakery to be the Fastest Growing 241
16.3 BY REGION 242
16.3.1.1 European Market Dominant; Asia-Pacific to Grow at a Rapid Pace 242
16.3.2 NORTH AMERICA 243
16.3.2.1 R&D to Strengthen Market Demand 243
16.3.2.2 U.S. A Rapidly Expanding Market 244
16.3.3 EUROPE 244
16.3.3.1 Germany: Largest Market for Cultured Food Products 244

16.3.3.2 Eastern European Countries to Boost European Market 245
16.3.4 ASIA-PACIFIC 246
16.3.4.1 Health and Wellness Trend Creates Resultant Demand 246
16.3.4.2 China & India to Grow at Similar Pace 247
16.3.5 ROW 247
16.3.5.1 Rapidly Expanding Market for Cultured-Enhanced Foods 247
16.3.5.2 Concerns Regarding Preventive Health Care Drive the Market in the ROW Region 248
16.4 MARKET SHARE ANALYSIS 249

17 COMPETITIVE LANDSCAPE 250

17.1 INTRODUCTION 251
17.1.1 NEW PRODUCT DEVELOPMENTS/LAUNCHES - MOST PREFERRED STRATEGIC APPROACH 251
17.1.2 KEY MARKET STRATEGIES 253
17.2 MERGERS & ACQUISITIONS 254
17.3 EXPANSIONS 258
17.4 NEW PRODUCT DEVELOPMENTS/LAUNCHES 266
17.5 JOINT VENTURES, INVESTMENTS, AGREEMENTS & STRATEGIC ALLIANCES 275

18 COMPANY PROFILES 279 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*

18.1 ARCHER DANIELS MIDLAND CO. 279
18.2 CARGILL INC. 286
18.3 CHR. HANSEN HOLDING A/S 293
18.4 E. I. DU PONT DE NEMOURS AND COMPANY 300
18.5 GIVAUDAN 307
18.6 INGREDION INCORPORATED 312
18.7 KERRY GROUP PLC 318
18.8 ROYAL DSM N.V. 323
18.9 SENSIENT TECHNOLOGIES CORPORATION 330
18.10 TATE & LYLE PLC 336
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

LIST OF TABLES

TABLE 1 SPECIALTY FOOD INGREDIENT MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 45
TABLE 2 SPECIALTY FOOD INGREDIENTS MARKET SIZE, BY TYPE,
2011-2018 ($MILLION) 49
TABLE 3 POTENTIAL IMPACT OF OPPORTUNITIES OF SPECIALTY FOOD INGREDIENTS MARKET 56
TABLE 4 SPECIALTY FOOD INGREDIENTS: ADDRESSABLE MARKETS,
2013 VS. 2018 ($BILLION) 67
TABLE 5 FOOD EMULSIFIERS: KEY FUNCTIONALITIES IN BAKERY & CONFECTIONERY 87
TABLE 6 FOOD EMULSIFIERS: KEY FUNCTIONALITIES IN CONVENIENCE FOODS 89
TABLE 7 FOOD EMULSIFIERS: KEY FUNCTIONALITIES IN DAIRY PRODUCTS 90
TABLE 8 FOOD EMULSIFIERS: KEY FUNCTIONALITIES IN MEAT PRODUCTS 91
TABLE 9 FOOD EMULSIFIERS: KEY FUNCTIONALITIES IN OTHER FOOD PRODUCTS 92
TABLE 10 FOOD EMULSIFIERS MARKET SIZE, BY APPLICATION,
2011–2018 ($MILLION) 93
TABLE 11 FOOD EMULSIFIERS MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 95
TABLE 12 NORTH AMERICA: FOOD EMULSIFIERS MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 96
TABLE 13 EUROPE: FOOD EMULSIFIERS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 98
TABLE 14 ASIA-PACIFIC: FOOD EMULSIFIERS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 99
TABLE 15 ROW: FOOD EMULSIFIERS MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 101
TABLE 16 HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2011-2018 ($MILLION) 109
TABLE 17 HYDROCOLLOIDS MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 112
TABLE 18 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 113

TABLE 19 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 114
TABLE 20 ASIA-PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 116
TABLE 21 ROW: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 117
TABLE 22 HYDROCOLLOIDS MARKET: KEY COMPANIES' PRODUCT PORTFOLIO 119
TABLE 23 FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2011–2018 ($MILLION) 126
TABLE 24 FOOD FLAVORS MARKET SIZE, BY GEOGRAPHY, 2011-2018 ($MILLION) 127
TABLE 25 NORTH AMERICA: FOOD FLAVORS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 128
TABLE 26 EUROPE: FOOD FLAVORS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 130
TABLE 27 ASIA-PACIFIC: FOOD FLAVORS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 131
TABLE 28 ROW: FOOD FLAVORS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 132
TABLE 29 NATURAL COLORS & THEIR SOURCES 138
TABLE 30 ALTERNATIVE FOOD COLORS 139
TABLE 31 FOOD COLORS MARKET SIZE, BY APPLICATION, 2011-2018 ($MILLION) 143
TABLE 32 FOOD COLORS MARKET SIZE, BY GEOGRAPHY, 2011-2018 ($MILLION) 145
TABLE 33 NORTH AMERICA: FOOD COLORS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 146
TABLE 34 EUROPE: FOOD COLORS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 148
TABLE 35 ASIA-PACIFIC: FOOD COLORS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 149

TABLE 36 ROW: FOOD COLORS MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 151
TABLE 37 FOOD PRESERVATIVES MARKET SIZE, BY APPLICATION,
2011–2018 ($MILLION) 162
TABLE 38 FOOD PRESERVATIVES MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 164
TABLE 39 NORTH AMERICA: FOOD PRESERVATIVES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 166
TABLE 40 EUROPE: FOOD PRESERVATIVES MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 167
TABLE 41 ASIA-PACIFIC: FOOD PRESERVATIVES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 168
TABLE 42 ROW: FOOD PRESERVATIVES MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 169
TABLE 43 FUNCTIONAL FOOD INGREDIENT MARKET SIZE, BY APPLICATION, 2011–2018 ($MILLION) 176
TABLE 44 FUNCTIONAL FOOD INGREDIENT MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 177
TABLE 45 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENT MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 178
TABLE 46 EUROPE: FUNCTIONAL FOOD INGREDIENT MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 180
TABLE 47 ASIA-PACIFIC: FUNCTIONAL FOOD INGREDIENT MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 181
TABLE 48 ROW: FUNCTIONAL FOOD INGREDIENT MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 183
TABLE 49 ENZYMES & THEIR APPLICATIONS IN BAKERIES 190
TABLE 50 FOOD & BEVERAGE ENZYMES MARKET SIZE, BY APPLICATION,
2011-2018 ($MILLION) 191
TABLE 51 FOOD & BEVERAGE ENZYMES MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 192
TABLE 52 NORTH AMERICA: FOOD & BEVERAGE ENZYMES MARKET SIZE, BY COUNTRY, 2012-2018 ($MILLION) 194
TABLE 53 EUROPE: FOOD & BEVERAGE ENZYMES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 195

TABLE 54 ASIA-PACIFIC: FOOD & BEVERAGE ENZYMES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 196
TABLE 55 REST OF THE WORLD: FOOD & BEVERAGE ENZYMES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 198
TABLE 56 CONFECTIONS (HARD & SOFT) USING SUGAR SUBSTITUTES 205
TABLE 57 SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION,
2011–2018 ($MILLION) 206
TABLE 58 SUGAR SUBSTITUTES MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 208
TABLE 59 NORTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 209
TABLE 60 EUROPE: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 211
TABLE 61 ASIA-PACIFIC: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 212
TABLE 62 ROW: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 214
TABLE 63 PER CAPITA EXPENDITURE ON CONVENIENCE FOODS, BY COUNTRY, 2005-2010 ($MILLION) 220
TABLE 64 SPECIALTY STARCHES MARKET SIZE, BY APPLICATION,
2011–2018 ($MILLION) 222
TABLE 65 SPECIALTY STARCHES MARKET SIZE, BY GEOGRAPHY,
2011-2018 ($MILLION) 223
TABLE 66 NORTH AMERICA: SPECIALTY STARCHES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 225
TABLE 67 EUROPE: SPECIALTY STARCHES MARKET SIZE, BY COUNTRY,
2011-2018 ($MILLION) 226
TABLE 68 ASIA-PACIFIC: SPECIALTY STARCHES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 228
TABLE 69 ROW: SPECIALTY STARCHES MARKET SIZE, BY COUNTRY,

2011-2018 ($MILLION) 229
TABLE 70 MICROORGANISMS USED IN STARTER CULTURES 233
TABLE 71 FERMENTED BEVERAGES 236
TABLE 72 LACTIC ACID BACTERIA FOR DAIRY PRODUCTS 238
TABLE 73 FOOD & BEVERAGE STARTER CULTURES MARKET SIZE, BY APPLICATION, 2011-2018 ($MILLION) 241
TABLE 74 FOOD & BEVERAGE STARTER CULTURES MARKET SIZE, BY GEOGRAPHY, 2011-2018 ($MILLION) 242
TABLE 75 NORTH AMERICA: FOOD & BEVERAGE STARTER CULTURES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 243
TABLE 76 EUROPE: FOOD & BEVERAGE STARTER CULTURES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 245
TABLE 77 ASIA-PACIFIC: FOOD & BEVERAGE STARTER CULTURES MARKET SIZE, BY COUNTRY, 2011-2018 ($MILLION) 246
TABLE 78 ROW: FOOD & BEVERAGE STARTER CULTURES MARKET SIZE, BY GEOGRAPHY, 2011-2018 ($MILLION) 248
TABLE 79 MERGERS & ACQUISITIONS, 2010-2013 255
TABLE 80 EXPANSIONS, 2010-2013 259
TABLE 81 NEW PRODUCT DEVELOPMENTS/LAUNCHES, 2010-2013 267
TABLE 82 JOINT VENTURES, INVESTMENTS, AGREEMENTS & STRATEGIC ALLIANCES, 2010-2013 276

LIST OF FIGURES

FIGURE 1 SPECIALTY FOOD INGREDIENTS MARKET SCOPE & SEGMENTATION 33
FIGURE 2 SPECIALTY FOOD INGREDIENT MARKET RESEARCH METHODOLOGY 34
FIGURE 3 SPECIALTY FOOD INGREDIENT MARKET SIZE, BY TYPE,

2011–2018 ($MILLION) 41
FIGURE 4 SPECIALTY FOOD INGREDIENT MARKET SHARE, BY GEOGRAPHY, 2013 45
FIGURE 5 IMPACT ANALYSIS OF DRIVERS & RESTRAINTS OF SPECIALTY FOOD INGREDIENTS MARKET 55
FIGURE 6 FACTORS THAT AFFECT THE SPECIALTY FOOD INGREDIENTS INDUSTRY 58
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS 62
FIGURE 8 SPECIALTY FOOD INGREDIENTS SUPPLY CHAIN ANALYSIS 65
FIGURE 9 TYPES OF SPECIALTY FOOD INGREDIENTS 71
FIGURE 10 SPECIALTY FOOD INGREDIENT MARKET SHARE, BY GEOGRAPHY,
2013 VS. 2018 72
FIGURE 11 ACIDULANTS MARKET SIZE, BY GEOGRAPHY, 2012-2018 ($MILLION) 73
FIGURE 12 FOOD EMULSIFIERS: MARKET LIFECYCLE, BY GEOGRAPHY, 2013 74
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES & TREND OF THE FOOD FLAVORS MARKET 75
FIGURE 14 FUNCTIONAL FOOD INGREDIENT MARKET SIZE, BY GEOGRAPHY,
2013-2018 ($MILLION) 76
FIGURE 15 FOOD COLORS MARKET SIZE, BY APPLICATION,
2013 VS. 2018 ($MILLION) 77
FIGURE 16 ENZYMES: BENCHMARKING COUNTRIES, BY VALUE & GROWTH,
2012-2018 ($MILLION) 78
FIGURE 17 SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION,
2013 VS. 2018 ($MILLION) 79
FIGURE 18 LIFECYCLE FOR STARTER CULTURES MARKET SIZE, BY GEOGRAPHY, 2012–2018 80
FIGURE 19 PORTER'S FIVE FORCES ANALYSIS FOR THE FOOD PRESERVATIVES MARKET 81
FIGURE 20 HYDROCOLLOIDS MARKET: STRATEGY ANALYSIS, 2009-2013 82
FIGURE 21 SPECIALTY STARCHES MARKET SIZE, BY APPLICATION,
2011-2018 ($MILLION) 83
FIGURE 22 MAJOR TYPES OF FOOD EMULSIFIERS 86
FIGURE 23 FOOD EMULSIFIERS MARKET SHARE (VOLUME), BY REGION, 2013 94
FIGURE 24 FOOD EMULSIFIERS: MARKET SHARE ANALYSIS 103
FIGURE 25 TYPES OF HYDROCOLLOIDS 106
FIGURE 26 HYDROCOLLOIDS MARKET SIZE, BY REGION, 2011-2018 ('000 TONS) 111
FIGURE 27 HYDROCOLLOIDS: MARKET SHARE ANALYSIS, 2012 118

FIGURE 28 MAJOR TYPES OF FOOD FLAVORS 122
FIGURE 29 MARKET SHARE ANALYSIS 133
FIGURE 30 PRODUCT PORTFOLIO & MARKET DEVELOPMENT ANALYSIS, BY LEADING COMPANY, 2009-2013 134
FIGURE 31 CLASSIFICATION OF COLORS 137
FIGURE 32 FOOD COLORS MARKET VOLUME SHARE, BY GEOGRAPHY, 2013 144
FIGURE 33 FOOD COLORS MARKET SHARE ANALYSIS BY VALUE, 2013 152
FIGURE 34 FOOD COLOR MARKET STRATEGIES & COMPETITIVE LANDSCAPE 153
FIGURE 35 NEED FOR FOOD PRESERVATION 156
FIGURE 36 TYPES OF FOOD PRESERVATIVES 158
FIGURE 37 FOOD PRESERVATIVES MARKET SHARE ANALYSIS, BY KEY PLAYER, 2012 170
FIGURE 38 PRODUCT PORTFOLIO & MARKET DEVELOPMENT ANALYSIS, BY LEADING COMPANY, 2009-2013 171
FIGURE 39 TYPES OF FUNCTIONAL FOOD INGREDIENTS 174
FIGURE 40 FUNCTIONAL FOOD INGREDIENTS MARKET SHARE, BY KEY PLAYER, 2012 184
FIGURE 41 TYPES OF FOOD & BEVERAGE ENZYMES 187
FIGURE 42 IMPROVED PERFORMANCE OF END PRODUCTS USING FOOD ENZYMES 188
FIGURE 43 MARKET SHARE ANALYSIS, 2012 199
FIGURE 44 ENZYMES: BENCHMARKING KEY MARKET PLAYERS 200
FIGURE 45 TYPES OF SUGAR SUBSTITUTES 203
FIGURE 46 BENCHMARKING MAJOR PLAYERS: SUGAR SUBSTITUTES MARKET 215
FIGURE 47 TYPES OF SPECIALTY STARCHES 218
FIGURE 48 MARKET SHARE ANALYSIS, BY COMPANY, 2012 230
FIGURE 49 TYPES OF FOOD & BEVERAGE STARTER CULTURES 235
FIGURE 50 FOOD & BEVERAGE STARTER CULTURES MARKET SHARE ANALYSIS, 2012 249
FIGURE 51 SPECIALTY FOOD INGREDIENTS MARKET DEVELOPMENT SHARE, BY GROWTH STRATEGY, 2010-2013 252
FIGURE 52 SPECIALTY FOOD INGREDIENT MARKET DEVELOPMENTS, BY GROWTH STRATEGY, 2010-2013 253
FIGURE 53 MERGERS & ACQUISITIONS, 2010-2013 254
FIGURE 54 EXPANSIONS, 2010-2013 258
FIGURE 55 NEW PRODUCT DEVELOPMENTS/LAUNCHES, 2010-2013 266
FIGURE 56 JOINT VENTURES, INVESTMENTS, AGREEMENTS & STRATEGIC ALLIANCES, 2010-2013 275