India Specialty Ingredients - Little Things That Matter: Nirmal Bang Initiates Coverage
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Nirmal Bang Report
Specialty ingredients are items that are added in very small quantities in various products across the end-user industries and add significant value in terms of the functionalities of the final products.
Since there are multiple sub-categories in these additives, it is difficult to accurately estimate the size of this entire opportunity.
But, we have elucidated key sub-segments of the specialty ingredients market that are expected to grow at ~5% compound annual growth rate globally over the next five years.
We believe that having created a niche in a particular end-user industry or a type of additive(s), Indian companies can easily grow in mid-teens on a consistent basis considering their size.
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