The Asia-Pacific Specialty Food Ingredients market is projected to reach USD 15.82 Billion by 2021, at a CAGR of 6.9% during the forecast period from 2016 to 2021
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“Asia-Pacific Speciality Food Ingredients Market" research report, published by Market Data Forecast estimates that the market is growing with a CAGR of 6.9% to reach USD 15.82 billion by 2021, from USD 11.33 billion in 2016, which amounts to a cumulative growth of USD 4.49 billion.
Speciality food ingredients are those ingredients which are especially used for production of food and beverages to benefit the consumers by improvising the taste or texture, extension of shelf life and to improving the health of the consumers.
The advancements of technology has led to qualify the speciality food ingredients market such as encapsulation technology like bed coating, Nano-encapsulation, bio-encapsulation, micelles, ribosomes, and many others, Modern technology like membrane technology and super-critical fluid technology. To make a high impact on the end-products of the food, high volumes of food ingredients are used to avoid speciality ingredients misleading to small quantities.
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The report also presents detailed analysis of multitude of factors affecting the diagnostic imaging market bearing either positive or negative outcomes. Some of those factors are
- Rising consumption of processed foods,
- Increasing population,
- Adopting of healthy lifestyles,
- Increasing awareness of health issues,
- Rise in income of the consumers,
- Increasing prevalence of weaker immune system and other diseases.
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For granular level understanding the Specialty Food Ingredients Market is segmented based on ingredients and application, each being provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Ingredients the market is segmented as Functional Food Ingredients, Sugar Substitutes, Flavors, Specialty Starches, Acidulants, Preservatives, Emulsifiers and Colors, Enzymes, F&B Starter cultures, Nutraceuticals. Based on Application it is further segmented into Bakery & Confectionery, Beverages, Dairy & Frozen foods, Convenience foods, Meat Products & Functional Foods and Beverages, Dietary Supplements.
India and China are the major economies which have unexplored customer base covered in the study. The report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific.
Functionality Food ingredients are expected to possess the major chunk of the market which leads to rapid increase in Asia-Pacific Specialty food ingredients market.
Some of the key players that operate in the Asia-Pacific Specialty Food Ingredients market include Sciphar Natural Products Co. Ltd., Marathwada Chemical Industries Pvt. Ltd., New Asia Ingredients Pte Ltd, Fenchem Biotek Ltd., Arjuna Natural Extracts Ltd., Shandong Yuwang Industrial Co., Ltd., Supreem Pharmaceuticals Mysore Pvt. Ltd., Bio Actives Japan Corporation, Global Specialty Ingredients (M) Sdn. Bhd., and Excellent Health Products Co. Ltd. Due to technological advancements and end-user preferences there is rise in the competition among key players.
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The Asia- Pacific Specialty Food Ingredients market report offers wide-range of scope:
- Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
- Know more about key areas of industry growth via detailed Segment-level analysis on basis of ingredients, application, along with market size forecasts and y-o-y estimations
- Detailed explanation of major drivers, restraints, opportunities, and challenges(DROC) that affect the market and impact the ever-shifting market dynamics
- Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
- Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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