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 hindered by rising intense
research requirements and stringent regulations along with various health
hazards associated with food additives.
The report analyzes the global food
ingredient industry along with an extensive coverage of its major product
segments. The food ingredient market witnesses intense competition with
numerous top notch players; such as Tate & Lyle, Royal DSM N.V, and DuPont;
operating in the marketplace along with small budding players. The fierce
competition prevailing in the food ingredient industry has been studied on a
number of parameters such as emerging market exposure, R&D expenditures,
company financials, and presence in various market segments. The company
profiles of leading players in the market are also presented in the report.
By combining SPSS Inc.’s data
integration and analysis capabilities with our relevant findings, we have
predicted the future growth of the industry. We employed various significant
variables that have an impact on this industry and created regression models
with SPSS Base to determine the future direction of the industry. Before
deploying the regression model, the relationship between several independent
or predictor variables and the dependent variable was analyzed using standard
SPSS output, including charts, tables and tests.
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