Specialty Ingredients Market will Reach US$320.6 bn by 2021 ,Expanding at a 6.60% CAGR between 2015 & 2021.pdf

Specialty Ingredients Market will Reach US$320.6 bn by 2021 ,Expanding at a 6.60% CAGR between 2015 & 2021.pdf

  • Submitted By: amyjames
  • Date Submitted: 08/17/2016 2:52 AM
  • Category: Business
  • Words: 1199
  • Page: 5

Transparency Market

Specialty Ingredients Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021

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Press Release

Global Specialty Ingredients Market to be Driven by Rising
Demand in Personal Care Products

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Specialty Ingredients Market


The global market for specialty ingredients is characterized by strict regulatory requirements for approvals,
a vast rise in R&D expenditures, and excellent growth prospects. With a wide range of application areas
across industries such as food and beverages, health and nutrition, personal care, and pharmaceuticals,
the market is attracting attention from a large number of players.
Innovation in product varieties and technological developments are emerging as key differentiators of
profit margins. Companies are increasingly looking at ways to reduce costs to remain competitive as raw
material prices continue to rise and vendors in emerging markets continue to introduce cheaper products.
Transparency Market Research reports in one of its recent studies that the global specialty ingredients
market will witness a surge in the number of players and a significant rise in product varieties in the next
few years.
The market will expand at a healthy 6.6% CAGR over the period between 2015 and 2021. Expanding at
this pace, the market, which held an opportunity worth US$205.2 bn in 2014, is expected to rise to
US$320.6 bn by 2021.
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Here’s a look at some of the factors central to the overall development of the market:
Which are the factors chiefly impacting the growth of...

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