Specialty Ingredients Market is Expected to Reach USD 320.6 Billion in 2021: Transparency Market Research
Jun 09, 2015, 10:30 ET
ALBANY, New York, June 9, 2015 /PRNewswire/ --
According to a new market report published by Transparency Market Research "Specialty Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021," Global Specialty Ingredients Market was valued at USD 205.2 billion in 2014, growing at a CAGR of 6.6% from 2015 to 2021 to account for USD 320.6 billion in 2021.
The global specialty ingredients market is primarily driven by factors such as rise in demand of food and beverage, nutrition and health, and personal care products. Specialty ingredients are used in food products to preserve nutrients, flavor, and freshness; thereby preventing food wastage. Specialty ingredients are also being used in personal care products to increase the overall shelf life of the products. Healthy economic growth, changing demographic profile, increasing disposable incomes, and changing consumer tastes and preferences are some key factors that are influencing growth of specialty ingredients market.
Browse the full Specialty Ingredients Market Report: http://www.transparencymarketresearch.com/specialty-ingredients-market.html
The Global Specialty ingredients market is segmented on the basis of application type into food and beverages, nutrition and health and personal care. The market for nutrition and health specialty ingredients is the largest with a valuation of USD 152.4 billion in 2014. Heightened health awareness is the primary factor spurring the demand for nutrition and health specialty ingredients, as people are becoming more mindful of the types of nutrition they consume for maintaining a balanced diet.
The food and beverage segment is expected to grow at CAGR of 6.0% in terms of revenue during the forecast period. The global food and beverage market by type is sub categorized into - Natural specialty ingredients and synthetic specialty ingredients.
A sample of the report in PDF obtained by visiting: http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=4771
Geographically, the North America region led the specialty ingredients market in terms of revenue and is expected to continue its dominance throughout the forecast period. A growing consumer preference for natural ingredients in food, cosmetics, and health and wellness products is influencing the growth of natural specialty ingredients category.
The report provides company market share analysis of the various industry participants. In addition, the report also covers the specialty ingredient types on the basis of application. Key players operating in specialty ingredients market have also been profiled on the basis of company overview, financial overview, business strategies and recent developments. Major market participants profiled in this report includes Archer Daniels Midland Co., CHR Hansen Holding A/S, E. I. du Pont de Nemours and Company, Cargill Inc., and Koninklijke DSM N.V. among others.
Browse the full Press Release of Specialty Ingredients Market: http://www.transparencymarketresearch.com/pressrelease/specialty-ingredients-market.htm
Specialty Ingredients Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East
- Saudi Arabia
- Rest of Middle East
- Rest of the World
Specialty Ingredients Market: By Application Type
- Food and Beverage
- Nutrition and Health
- Nutraceuticals Ingredients
- Active Pharmaceutical Ingredients
- Nutraceuticals Ingredients
- Personal Care
- Skin Care
- Hair Care
- Oral Care
- Skin Care
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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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SOURCE Transparency Market Research
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