(Food-Beverage-News.Com, January 09, 2019 ) The key players in the food processing ingredients market adopted new product launches as their key growth strategy to increase their market shares and profits. Expansions, R&D, and innovations formed the second most important growth strategy to be adopted by market players. Increase in instances of food-related frauds is the major restraint for the growth of this market.
The yeast segment is estimated to grow at the highest rate in food processing ingredients market in 2018.Increase in consumer demand for newer tastes of wines including blackberry, apple, and orange and the rise in environmental sustainability have created challenges for innovations in wine fermentation for wine producers. Technological advancements such as spinning cone column and reverse osmosis provide many lucrative opportunities for innovations in the wine market, which has been propelling the importance of yeast in food processing ingredients; this, in turn, is driving the market for food processing ingredients.
The European market is estimated to be the largest in 2018, owing to the rising urbanization and standard of living, and increased demand from food & beverage manufacturers. It remains as one of the important markets for food processing ingredient companies, due to its size and regulatory environment. The market is driven by consumer demand for a wide range of food products such as frozen novelties, bakery products, confectionery products, beverages, and meat.
The report analyses the food processing ingredients market across different types and regions. It aims at estimating the market size and future growth potential of this market across different segments such as form, source, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
Reasons to buy this report: • To get a comprehensive overview of the global food processing ingredients market • To gain wide-ranging information about the top players in this industry, their service portfolios, and key strategies adopted by them • To gain insights of the major countries/regions in which the food processing ingredients market is flourishing
The food processing ingredients market, based on type, has been segmented into modified starch & starch derivatives, proteins, food stabilizers, emulsifiers, yeast, enzymes, acidity regulators, antioxidants, and release agents. The market for yeast is projected to grow at the highest CAGR between 2018 and 2023. Growth in the bakery and brewery industries from countries such as the US, China, India, Australia, Italy, Spain, and Germany, are driving the yeast segment in the market.
Europe accounted for the largest share in the food processing ingredients market in 2018; however, Asia Pacific is projected to be the fastest-growing market through 2023. Improved lifestyles and changing consumer perceptions have resulted in a rise in the demand for prepared, convenience, and processed foods in the region. A significant demand for better food quality has also led to improvements in processing and handling units, which has ensured market growth in the region.
The market, by form, has been segmented into dry and liquid. The dry segment is estimated to dominate the market in 2018 and is projected to grow at a comparatively lower CAGR by 2023. This can be attributed to the better stability provided by dry food processing ingredients and ease of their handling. There is also minimal thermal damage of ingredients in their dry forms, making it the more preferred form of food processing ingredient.
