Wednesday, 5 July 2017

Explore The Specialty Ingredients Market That Is Poised To Be Worth USD 141.12 Billion By 2022

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.

In depth research report on Specialty Ingredients Market

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.

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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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

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