North America specialty food ingredients market on a major progress

Food - Mohit Shah - Oct 24,2017

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north america specialty food ingredients market on a major progress

The demand for specialty food ingredients in the food and beverage industry for upgrading taste and flavor is quite acknowledged on the global level.

Specialty food ingredients have gained importance due to their ability to meet customer’s demands. Their unique features include processing aids, preservation, coloring, emulsification as well as nutritional improvement. These special food items also work to enhance shelf-life, texture, and stability of the food products.

In the present time, specialty food ingredients are very much in demand in the food and beverage industry to augment taste and flavor of the processed food items. Moreover, they are widely sold to both large and medium-sized food manufacturing companies. As per research findings, the global specialty food ingredients market has grown quite competitive, primarily categorized by regional and multinational industries functioning across the globe. To be precise, the multinational players who offer a variety of specialty food ingredients possess a significant share of the global market.

Over the years, increasing urban population together with rising disposable income level is acting as a motivating factor for the demand for packaged and convenience food items, thereby increasing the demand for specialty food ingredients. Currently, North America holds the largest market share for specialty food ingredients in terms of geographical spread. This dominance is due to increasing consumption of processed food in countries like the U.S. and Canada. Furthermore, healthy eating habit is seen as the main reason for the high demand of specialty food ingredients in Europe. Reports suggest that the emerging markets of China, India, and Brazil are expected to push the global market for specialty food ingredients in the coming years.

To add more detail, the contribution of the active manufacturers such as Chr. Hansen Holding A/S, E.I. du Pont de Nemours & Co., Bunge Limited, Cargill, Incorporated and Univar Inc., is renowned in the specialty food ingredients market.


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