Integrated Food Ingredients: Worldwide Market Analysis to 2023 - Growing Demand for Clean Label Products in Developed Economies - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 11, 2018--The “Integrated Food Ingredients Market by Function, Integrated Solutions, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The integrated food ingredients market is estimated at USD 60.9 billion in 2018 and is projected to grow at a CAGR of 4.9% to reach USD 77.48 billion by 2023.
The market is driven by factors such as increasing R&D and technological advancements in various industries, growing number of end-use applications, increasing demand for convenience and processed foods due to changing lifestyle, and multi-functionality of hydrocolloids. However, the increasing demand for natural flavors due to the rising health cautiousness is further accelerating the market growth.
The growing consumption of beverages such as juices, tea, coffee, and alcoholic beverages, especially in developed nations such as Australia, the US, and various countries across the European Union, is driving the growth of the integrated food ingredients market. However, beverage manufacturers are introducing a large variety of non-alcoholic ferments as a part of integrated food ingredients to enhance the mouthfeel, texture, smoothness, flow, and nutrition content of beverage products. The beverages segment is dominated by dry key mixes, whereas juice-based compounds are anticipated to grow in the next 5 years.
Based on function, the integrated food ingredients market has been segmented into taste enhancers, form, texture, preservation, and coloring. The preservation of food plays an important role in the food & beverage industry, which makes the preservation segment the fastest-growing segment. Preservation increases the shelf life of a product as well as the appeal. The rising awareness among manufacturers to preserve the food in various ways is anticipated to propel the market growth.
DriversIncreasing Prevalence of Food Encapsulation Technologies Development of High Efficiency Equipment for Mixing Integrated Food Ingredients Increasing Demand for Convenience and Processed Food Nutrition & Taste Convergence Growing Number of End-Use Applications Increasing Demand for Natural Flavors and Fragrances Multi-Functionality of Hydrocolloids Leads to Their Widespread Applications
RestraintsRaw Material Availability, Storage Management, and Lack of Infrastructure in Developing Countries Higher Cost for Developing Innovative Integrated Food Products
OpportunitiesTapping the Markets in Emerging Economies Growing Demand for Clean Label Products in Developed Economies Growing Trends in Functional Flavors
ChallengesFood Safety Concerns & Regulations Complexities Related to the Integration and Adulteration of Integrated Food Ingredients
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
7 Integrated Food Ingredients Market, By Function
8 Integrated Food Ingredients Market, By Integrated Solutions
9 Integrated Food Ingredients Market, By Region
10 Competitive Landscape
11 Company ProfilesCargill Archer Daniels Midland DowDuPont Associated British Foods BASF Kerry Group DSM Tate & Lyle Symrise International Flavors & Fragrances Dohler Firmenich SA Northwest Naturals GAT Foods
For more information about this report visit https://www.researchandmarkets.com/research/s48zxb/integrated_food?w=4
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Related Topics:Food Ingredients
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/11/2018 05:48 AM/DISC: 10/11/2018 05:47 AM