India Food Ingredients Market Trends, Growth, Size, Share, Opportunities and Forecasts 2016-2021

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Food Ingredients market in India is seeing rapid expansion amidst increasing consumption of processed foods and rising preference for ready-to-eat meals.

Food Ingredients market has been growing at a moderate rate over the last five years with growth being majorly driven by increasing localisation of food products, increasing development of mega food parks, surging prevalence of the processed food, wide cultural and regional diversities, growing urban middle class population, surging demand for RTE and RTC products have been propelling the growth in the India food Ingredients market . The market is estimated to be USD 764.52 million in 2016 and his anticipated to witness a moderate growth over the next few years.

According to Azoth Analytics research report, India Food Ingredients Market: Trends, Opportunities and Forecasts (2016-2021) - (By Value, By Region; By Segment - Emulsifiers, Sweeteners, Flavours and Food Enhancers, Preservatives; Key Players, Market Shares and Dynamics), the market is dominated by food flavours and taste enhancers which make up for a considerable share on the heels of Increasing adoption of natural flavours, augmenting application of flavour enhancers in noodles, influx of different kinds of beverages. Among the segments, sweeteners have the highest growth rate while South is the region which holds the largest share amongst all the regions on the account of high number of food processing industries.

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