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Ohio Ag News Headlines |
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Specialty Food Ingredient Analysis Highlights COVID Impact
Ohio Ag Connection - 07/13/2020
Technavio has been monitoring the specialty food ingredients market and it is poised to grow by $27.15 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Daniels Midland Co., Cargill Inc., Chr. Hansen Holding AS, DuPont de Nemours Inc., Givaudan SA, Ingredion Inc., Kerry Group Plc, Koninklijke DSM NV, Sensient Technologies Corp., and Tate & Lyle Plc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing demand for specialty food ingredients has been instrumental in driving the growth of the market.
Key highlights include:
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist specialty food ingredients market growth during the next five years
- Estimation of the specialty food ingredients market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the specialty food ingredients market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of specialty food ingredients market, vendors
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