Global Food Ingredients Market Report: 2014 Edition
Overall food ingredient industry is broadly classified into two segments namely; specialty food ingredient and bulk ingredient. 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.
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Food ingredients are primarily segmented into following types: preservatives, sweeteners, color additives, flavors and spices, flavor enhancers, fat replacers, nutrients, emulsifiers, acidulants and leavening agents. 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, increasing healthcare expenditures, and growing demand for packaged demand for packaged food and beverages. Some of the noteworthy trends and developments of this industry include ongoing merger & acquisition activities, launch of innovative and novel products, increasing acceptance of natural ingredients and rising demand from emerging economies. However, the growth of the industry is being...