Specialty Food Ingredient Market is Expected to Surpass around US $ XX Bn by 202Posted by saikrishna on January 31st, 2019 Specialty Food Ingredient Market is Expected to Surpass around US $ XX Bn by 2025, Due to Rising Consumption of Processed Food & Changing Lifestyle
“The Specialty Food Ingredient Market is anticipated to reach about US$ XX Bn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to rising consumption of processed food along with changing lifestyle. Precision Business Insights (PBI) in its report titled “Specialty Food Ingredient Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The specialty food ingredient market size was accounted for US$ XX Bn in 2018 and anticipated to account for US$ XX Bn by 2025. The growth of the specialty food ingredients market is primarily due to the rising consumption of processed food and changing lifestyles across developing economies. Moreover, rapidly expanding end-use industries including bakery & confectionery, functional foods, and beverages is expected to fuel the growth of the specialty food ingredients market. Increasing awareness about health benefits of the specialty food ingredients, growing urbanization, and rising disposable income are the key factors projected to boost the demand for the specialty food ingredients over the forecast period. On the contrary, high cost associated with the specialty food ingredient, low purchasing power in the developing countries might hinder its growth in the market. Free sample of this report is available upon request @
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