Middle East and Africa Specialty Food Ingredients Market is anticipated to reach USD 5.37 Billion by 2021
Market Data Forecast recently published a report on the “Middle-East and Africa Specialty Food Ingredients Market” which estimates the market to grow from $4.12 billion from 2016 to $5.37 billion with a CAGR of 5.44% in the forecast period 2016-2021.
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Specialty food ingredients are items used to enhance taste and flavor of food products. These ingredients have been there since decades. Both the large scale food industries and small scale food industries buy these in enormous amount. With the rise in demand for quality and healthy food products, demand for these specialty foods seems to be increasing.
The market for prebiotics, probiotics, minerals, and proteins has been elevating due to the rise in population and demand for a healthy lifestyle. These food product increases the shelf-lives, texture and stability .Companies investing in R&D and technological innovations and collaborations with of key market companies has been moving at a high pace, which is aiding to the growth of market in this region.
Increase in urban population has increased the demand for the specialty food ingredients. Recent technological advancement has led to some innovative solution for providing better products and companies are indulging in this new procedure which has led to the growth of the market. Government providing support by funding new projects and introducing new policies has also impacted the growth of market.
The Specialty Food Products are based on different ingredients and applications. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Market Segmentation
1) By Ingredients
• Functional Food Ingredients.
• Sugar Substitutes.
• Ocular toxicity.
• Flavors.
• Specialty Starches.
• Acidulates.
• Preservatives.
• Emulsifiers and Colors.
• Enzymes.
• F&B Starter cultures.
• Nutraceuticals.
2)By Application
• Bakery & Confectionery.
• Beverages.
• Dairy & Frozen foods.
• Convenience foods Food.
• Meat Products & Functional Foods and Beverages.
• Dietary Supplements.
Geographically, Middle-East and Africa market for Specialty Food Ingredients is segmented into Middle-East region and Africa region. The market in Middle-East and Africa region is driving with high CAGR with increasing focus of global key market players involving in the expansion of markets in the untapped areas of this region.
Archer Daniel Midland, Royal DSM N.V., Kerry Groups, Cargill Inc., E. I. DuPont de Nemours and Company, Givaudan Flavors, Sensient Technologies, CHR. Hansen, Ingredion Incorporated, and Tate & Lyle PLC are the major players of Middle-East and Africa Specialty Food Ingredients market.
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