Specialty Ingredients Market Will Be Net Worth to Us$320.6 Bn Globally by 2021 Says Transparency Market Research

Transparency Market
Research

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

Published Date
04-06-2015

50 Page Report

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Press Release

Global Specialty Ingredients Market to Reach US$320.6 bn by
2021, Driven by Growth of Food and Beverage Sector

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Specialty Ingredients Market

REPORT DESCRIPTION

Transparency Market Research announces the publication of a new research report on the global specialty
ingredients market. According to the report, the global specialty ingredients market will grow at a 6.60%
CAGR during the period between 2015 and 2021. The report, titled ‘Specialty Ingredients Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that the global specialty
ingredients market stood at US$205.2 bn in 2014 and will reach US$320.6 bn by 2021.
The global specialty ingredients market is primarily boosted by factors such as the rapidly developing food
and beverage sector, increase in demand for personal care products, and growing nutrition and health
awareness. Leading market players are introducing numerous specialty ingredients, which are used in food
items for various purposes such as to preserve freshness, flavor, and nutrients. This helps in avoiding
wastage of food. Many leading companies in the global specialty ingredients market introduce specialty
ingredients that can be used in personal care products in order to increase their shelf life.
Considering all these factors, the global specialty ingredients market is expected to develop rapidly during
the forecast period. Some of other factors influencing the growth of the global specialty ingredients market
are healthy economic growth, increasing disposable...