DUBLIN--(BUSINESS WIRE)--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.
Market Dynamics
Drivers
- Increasing 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
Restraints
- Raw Material Availability, Storage Management, and Lack of Infrastructure in Developing Countries
- Higher Cost for Developing Innovative Integrated Food Products
Opportunities
- Tapping the Markets in Emerging Economies
- Growing Demand for Clean Label Products in Developed Economies
- Growing Trends in Functional Flavors
Challenges
- Food Safety Concerns & Regulations
- Complexities Related to the Integration and Adulteration of Integrated Food Ingredients
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Regulations
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 Profiles
- Cargill
- 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
