The U.S. ingredients market is
anticipated to reach USD 42.6 billion by 2025, according to a new report by
Grand View Research, Inc. Shift in consumer preferences towards
environment-friendly and natural products has forced the ingredient
manufacturers to focus more on research & development of naturally
extracted, with minimum processing and nutrient rich ingredients.
To
fulfill the evolving product demand along with compliance to stringent
regulatory frameworks in the U.S., manufacturers have been focusing majorly in
technological development, such as the enzyme-catalyzed technology. The main
advantage of this process is that it produces minimal wastage during product
processing. Another instance would be introduction of the micro-encapsulation
technology, a novel process designed and triggered for the enhancement of
constituents’ shelf-life and influence of these products on the finished
products.
U.S. ingredient market revenue by end-use, 2014
- 2025 (USD Million)
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The
regulatory trends are more favorable for the natural and green ingredients in
comparison to the synthetic ones. The major concern in the region is regarding
the formulation process of organic raw materials with the minimal utilization
of petrochemicals, adhering to the regulatory requirements.
The
industrial ingredients were the largest end-use category in 2015 and is
expected to grow at a CAGR of over 4.0% from 2016 to 2025. Significant
requirements from metalworking fluids, specialty coatings, and lubricant
additives sectors have contributed to the market penetration in the sector.
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below:
www.grandviewresearch.com/industry-analysis/us-ingredients-market
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Further key findings from the report suggest:
· The U.S. natural packaged food & bakery
ingredient market accounted for around 68% market share in 2015. The segment is
anticipated to gain substantial share in the next nine years owing to growing
health awareness and change in bakery and packaged food consumption trends in
the region.
· In the homecare segment, specialty natural
ingredients market is expected to reach USD 276 million by 2025 with a
projected growth rate of 5.8% over the forecast period. High demand for
customized chemicals such as rheology modifiers and various novel detergent
blends which are utilized during manufacturing different natural home care
products.
· Shift in the consumption trends towards natural and
allergen free products is projected to propel the natural ingredients segment
in the personal care market over the forecast period. The segment generated
revenue exceeding worth USD 1,950 million in 2015.
· Key players including BASF, DuPont, PPG Industries,
Sherwin Williams, Arkema, Evonik and Ashland Inc. account for approximately 48%
of sales value in the region. Acquisitions continue to concentrate on the
manufacturing and the supplier base.
· Some of the recent launches in the market include
BASF’s 10% Beta Carotene Colorant, a novel ingredient for nutrition-rich, food
& beverage end use products. The company has developed this product
specially targeting formulators that are in search for a replacement for Azo
dyes yellow 5 and 6 in soups, beverages, and nutrition & confections products.
View
more reports of this category by Grand View Research at:
Grand View
Research has segmented the U.S. ingredients market on the basis of end-use:
U.S. Ingredients End-Use Outlook (USD Million, 2014
- 2025)
·
Packaged food & bakery
o Natural
o Base/Filler
o Oleochemical
based
o Carbohydrate
based
o Protein
based
o Others
o Specialty
Ingredients
o Oleochemical
based
o Carbohydrate
based
o Protein
based
o Others
o Synthetic
Ingredients
·
Homecare
o Natural
o Base/Filler
o Oleochemical
based
o Carbohydrate
based
o Protein
based
o Others
o Specialty
Ingredients
o Oleochemical
based
o Carbohydrate
based
o Protein
based
o Others
o Synthetic
Ingredients
·
Personal care
o Natural
o Base/Filler
o Oleochemical
based
o Carbohydrate
based
o Protein
based
o Others
o Specialty
Ingredients
o Oleochemical
based
o Carbohydrate
based
o Protein
based
o Others
o Synthetic
Ingredients
·
Industrial
o Natural
o Base/Filler
o Oleochemical
based
o Carbohydrate
based
o Protein
based
o Others
o Specialty
Ingredients
o Oleochemical
based
o Carbohydrate
based
o Protein
based
o Others
o Synthetic
Ingredients
View press release of this research report by Grand View
Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
