Title: Multifunctional Food Ingredients Market - Forecast(2021 - 2026)
1Multifunctional Food Ingredients MarketMarket
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- Multifunctional Food Ingredients Market size was
valued as 15.73 billion in 2019 and is poised to
grow at a CAGR of 7.21 during the forecast
period 2020-2025. - Multifunctional food ingredients are utilized to
exchange gums, gluten, fats, and other such
expensive or unhealthy ingredients. Additionally,
these ingredients help in improving the products
shelf life and aid in fulfilling the prevailing
food safety norms. - The demand for multifunctional ingredients is
propelling with the rise in demand for natural
ingredients and clean label products.
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- Key Takeaways
- Geographically, Multifunctional Food Ingredients
market share is dominated by North America
followed by Europe in 2019. With the adoption of
advanced technologies in food manufacturing and
increase in awareness among consumers about food
safety has driven the multifunctional food
ingredients market in these regions. - Growth of the multi-functional food ingredients
market is poised to drive by a slew of factors,
which range from the rising demand for clean
label products and changing regulations in
industry, additionally to the growing awareness
among consumers. - Increase in Consumers demand for clean label
products and natural ingredients is set to
increase the growth for the multifunctional food
ingredient market.
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By Ingredient Type- Segment Analysis The global
multifunctional food ingredients market set to
dominated by the hydrocolloids and bulking
agents segments during the forecast period
2020-2025. Hydrocolloids are used to modulate the
viscosity and texture of liquid products such as
sauces. The increasing demand for sauces and
other flavoring formulations is set to drive the
demand for hydrocolloids in the coming years.
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- Multifunctional Food Ingredients Market
- Cargill Inc.,
- E.I. Du Pont De Nemours and Company,
- Kerry Group PLC,
- Archer Daniels Midland Co.,
- Royal DSM N.V.,
- Ingredion Incorporated,
- Givaudan,
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Multifunctional Food Ingredients Market -
Forecast(2021 - 2026) Learn More About
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