The global specialty ingredients market is expected to reach USD 141.12
billion by 2022, according to a new report by Grand View Research, Inc. Shift
in consumer focus towards organic products coupled with growing demand for
anti-ageing and environmental defense skin care products is expected to drive
the global specialty ingredients market over the forecast period. Increasing
preference for healthy and nutritional diet and enhancing growth of high
quality pharmaceutical drugs is also expected to have a positive influence on
the market growth.
Food and beverages dominated the global industry
on account of high demand for various beverages, supplements and nutritional
dietary products across the globe. Food & beverage industry is expected to
experience advancement owing to increasing demand for organic items coupled
with high-quality and customized requirements by population over the forecast
period. Changing lifestyle has also enhanced preference for nutritional goods
which in turn is expected to drive global revenue for functional specialty food
ingredients.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/specialty-ingredients-market
U.S. Specialty Ingredients Market revenue by application, 2012-2022, (USD Million)
Further key findings from the report
suggest:
·
Global specialty market was valued at USD 93.27
billion in 2014 and is expected to reach a market worth USD 141.12 billion by 2022,
growing at a CAGR of 5.4% from 2015 to 2022
·
On the basis of product, pharmaceutical sector
can be further segmented into active and inactive. More than 90% of
pharmaceutical segment was dominated by active ingredients owing to its
importance in drug development. The product segment is expected to witness the
highest growth over the next six years.
·
Rising prevalence of skin diseases/problems
owing to harmful UV rays and other environmental particles are also driving
need for efficient and organic constituents. Therefore, personal care segment
is expected to witness the highest growth of 5.7% over the forecast period
·
North America was the leading regional market
and accounted for 31.7% of total market in 2014. Increasing consumption of
dietary constituents particularly in the U.S. is expected to drive the regional
market over the forecast period. Asia Pacific is expected to witness the
highest gain in its market size over the forecast period. The region is
expected to grow at an estimated CAGR of 5.9% from 2015 to 2022.
·
Key manufacturers operating in the global
specialty ingredients market include Ashland Inc., Archer Daniels Midland,
Naturex, Inolex, Frutarom and DuPont. Wide range of suppliers are available
mainly in North America. Mergers and acquisition activities by multinationals
are expected to consolidate the nutritional industry.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the specialty ingredients market on the
basis of application and region:
Global Specialty Ingredients Application Outlook
(Revenue, USD Million, 2012 - 2022)
·
Food & Beverage
·
Sensory
·
Functional
·
Pharmaceutical
·
Active
·
Inactive
·
Personal Care
·
Active
·
Inactive
·
Animal Feed
·
Feed additives
·
Functional feed ingredient
·
Premixes
·
Others mixtures
·
Others
Global Specialty Ingredients Regional Outlook (Revenue,
USD Million, 2012 - 2022)
·
North America
·
U.S
·
Canada
·
Europe
·
Germany
·
UK
·
Italy
·
Asia Pacific
·
China
·
India
·
Japan
·
Middle East and Africa
·
Saudi Arabia
·
Central & South America
·
Brazil
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