View Report Details Global Food Ingredients Market Report ----------------------------------------2015
View Report Details Executive Summary A number of ingredients contribute in various functions in the preparation of a variety of foods. Overall food ingredient industry is broadly classified into two segments namely; bulk ingredient and specialty food ingredient, which further can be segmented into preservatives, sweeteners, color additives, flavors and spices, flavor enhancers, fat replacers, nutrients, emulsifiers, acidulants and leavening agents. Specialty food ingredients are sold in smaller volumes as additives which are often key determinants of an F&B product’s desired taste, appearance, nutritional properties and functionality. On the other hand, bulk ingredients are processed commodities which are sold in large volumes. Food ingredients are primarily segmented into following types: Traditionally, salt was the main ingredient to be used for the preservation of meats and fish, followed by different herbs and spices to improve the flavor of foods whilst fruits were preserved with sugar, and cucumbers were pickled with the help of vinegar. Unlike the ancient times, the contemporary consumers can opt from a wide variety of food products that are available in different flavors, colors, with high nutritional values. Food ingredients are primarily sold to the producers of prepared food, beverage, dairy, bakery, meat and fish and confectionery that include large food manufacturing companies as well as medium-sized companies. The key factors driving growth of the global food ingredient industry include escalating global population, changing demographics and growing demand for packaged food and beverages. Some of the noteworthy trends and developments of this industry include launch of innovative and novel products, increasing acceptance of natural ingredients, growing awareness towards health and wellness, food safety, flavors and convenience, and rising demand from emerging economies. However, the growth of the industry is being hindered by rising intense research requirements and stringent regulations along with various health hazards associated with food additives. The report analyzes the global food ingredient industry along with an extensive coverage of its major product segments. The food ingredient market witnesses intense competition with numerous top notch players; such as Tate & Lyle, Royal DSM N.V., and DuPont; operating in the marketplace along with small budding players. The fierce competition prevailing in the food ingredient industry has been studied on a number of parameters such as emerging market exposure, R&D expenditures, company financials, and presence in various market segments. The company profiles of leading players in the market are also presented in the report. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
In the ancient times, salt was the main ingredient to be used for the preservation while the contemporary consumers can opt from a wide variety of food products that are available in different flavors, colors, with high nutritional values. Segmentation of Specialty Food Ingredients Market (2014) Functional Food Ingredients Hydrocollids
The global market for SFI comprises …. of flavor segment followed by functional food ingredients … and least share of … belonging to …. The largest demand for food ingredients comes from Asia Pacific region ….. followed by Western Europe.
Others
Speciality Starches
Colors
High Intensity Sweeteners
The next in line is … value based share of herbals / botanicals. The share of probiotics ….. are added to some foods and available as dietary supplements..
Speciality Sweeteners
Global Ingredients Market Volume by Geography (2014)
Global Market Segmentation by Healthy Additives (2014)
Herbals/Botanica ls Asia Pacific
Vitamins
Latin America
Polyols
Others
AA peptides hydrolysates
Australasia
Middle East and Africa
Probiotics
Prebiotics solble fibres
The specialty food ingredients market derives its demand from packaged food. As the demand for packaged food increases, a sharper rise in demand for specialty food ingredients is observed . Global Specialty Food Ingredients Market (2006-2014E) The global specialty food ingredient market is estimated to reach US$... billion at the end of 2014, compared to … billion during the previous year.
60
50
In 2014, approximately US$...million were spent in Singapore by foreigners on medical goods and services
40
While in 2012 the demand for specialty ingredients and packaged food started rising to ... and … % respectively, the figures reached … and … % in 2013.
n ilo B $ S U
30
20
Enzymes, with 10 year volume CAGR of … %, perform a wide variety of functions in food, Cultures, while demonstrating little health benefit grew at a 10 year volume CAGR of … %.
10
0 2006
2007
2008
2009
2010
2011
2012
2013
2014E
Global Specialty Food Ingredients Volume Growth
10 Year Volume CAGR for Various Categories of Food Ingredients
v/s Global Packaged Food Volume Growth (2000-2013)
5.0 4.0
%
4.0
%
3.5
3.0 2.0
3.0
1.0
2.5
0.0
2.0 1.5 1.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Global SFI Volume
Global Packaged Food Volume
The overall demand for ingredients and consumption of packaged food has been growing with largest volume of ingredients being consumed in Asia Pacific Global Ingredients Volume CAGR (2000-2013) and Packaged Food Consumption (1999-2018E) by Region 9
Largest volume of ingredients is consumed in Asia Pacific with 13 year CAGR of ….% compared to ….. % of Middle-East and Africa. 6
8 5 7 4
%
6 5
3
4
) r K ti( p m u s n C o F d e g k c a P
3
2
2 1 1 0
0 North America
Western Europe 1999
Eastern Europe
Latin America Middle East and Africa
2013
2018E
Asia Pacific
World
The per capita consumption for Asia Pacific region in 2018 is expected to reach ….. kg per person. the market for food color is rising at a CAGR of ….%. The market value is estimated to reach US$..... million by 2022, which is US$..... million in 2015. The market witnessed a positive growth pouring out revenues for flavor and fragrance industry at approximately US$... billion in 2013 from US$.... billion in 2012 primarily driven by increased demand from companies engaged in manufacturing food and beverages, perfume, cosmetics, food industries as well as household products.
Ingredient Volume CAGR 2000-2013
North American Food Colors Market Value Trend (2013-2022)
Global Flavor and Fragrance Market (2006-2014E) 30
700
14 12
600
25 10
500
20
8
400
%
6 4
300
n ilo B $ S U
n ilo M $ S U
15
200
10
2 0
100
5 -2
0 2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
0
-4 2006
2007
2008
2009
F&F Revenue
2010
2011
2012
2013
Annual Growth
2014E
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