Specialty Food Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global specialty food ingredients market size reached US$ 76.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.36% during 2022-2028.
Specialty food ingredients are substances added to different food items for enhancing their nutritional value and functional benefits. They also reduce food waste, extend shelf life, and improve taste, texture, appearance and health profile. Some of the commonly used specialty food ingredients are colors, cultures, emulsifiers, enzymes, proteins, preservatives, flavor enhancers, high-intensity sweeteners, acidulants and pH salts, botanicals and bioactive, fats and oils, polysaccharides and oligosaccharides, and vitamins and minerals. Nowadays, with the escalating demand for energy drinks due to the growing popularity of sports and fitness activities like yoga and aerobics, there is a rise in the adoption of specialty food ingredients worldwide.
Specialty Food Ingredients Market Trends:
Rapid urbanization, hectic lifestyles, inflating disposable incomes, and the increasing trend of nuclear families are promoting the consumption of ready-to-eat (RTE) food items, which require minimal preparation and cooking time. This represents one of the key factors bolstering the market growth. Moreover, the rising focus on health and wellness is catalyzing the demand for natural, plant-based specialty food ingredients to produce high-quality, multi-functional products. Apart from this, there is an increase in the incorporation of specialty food ingredients like dietary fibers and antioxidants into bakery products, dairy, jams, meats, and soups on account of their gel formation capacity. This can also be accredited to their assistance in modifying the textural properties of these products and stabilizing their high-fat emulsions. Furthermore, several manufacturers are offering innovative products with clean label ingredients to create a green brand image, which is contributing to market growth. They are also focusing on incorporating advanced process technologies to enhance aroma and flavor, mask unpleasant odor and poor taste components, and improve the quality of finished products, which is anticipated to impact the market positively.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global specialty food ingredients market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, source, application and distribution channel.
Breakup by Product Type:
Specialty Sensory Ingredients
Enzymes
Emulsifiers
Flavors
Colorants
Others
Specialty Functional Ingredients
Vitamins
Minerals
Antioxidants
Preservatives
Others
Breakup by Source:
Natural
Synthetic
Breakup by Application:
Beverages
Bakery and Confectionery
Dairy Products
Processed Foods
Meat Products
Savory and Sweet Snacks
Others
Breakup by Distribution Channel:
Distributors
Manufacturers
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer Daniels Midland Company, Associated British Foods Plc, Cargill Incorporated, Chr. Hansen Holding A/S, DuPont de Nemours Inc., Givaudan, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Sensient Technologies Corporation and Tate & Lyle plc.
Key Questions Answered in This Report
1. What was the size of the global specialty food ingredients market in 2022?
2. What is the expected growth rate of the global specialty food ingredients market during 2023-2028?
3. What are the key factors driving the global specialty food ingredients market?
4. What has been the impact of COVID-19 on the global specialty food ingredients market?
5. What is the breakup of the global specialty food ingredients market based on the product type?
6. What is the breakup of the global specialty food ingredients market based on the source?
7. What is the breakup of the global specialty food ingredients market based on the application?
8. What is the breakup of the global specialty food ingredients market based on the distribution channel?
9. What are the key regions in the global specialty food ingredients market?
10. Who are the key players/companies in the global specialty food ingredients market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Specialty Food Ingredients Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product Type
- 6.1 Specialty Sensory Ingredients
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Enzymes
- 6.1.2.2 Emulsifiers
- 6.1.2.3 Flavors
- 6.1.2.4 Colorants
- 6.1.2.5 Others
- 6.1.3 Market Forecast
- 6.2 Specialty Functional Ingredients
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Vitamins
- 6.2.2.2 Minerals
- 6.2.2.3 Antioxidants
- 6.2.2.4 Preservatives
- 6.2.2.5 Others
- 6.2.3 Market Forecast
- 7 Market Breakup by Source
- 7.1 Natural
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Synthetic
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Beverages
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Bakery and Confectionery
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Dairy Products
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Processed Foods
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Meat Products
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Savory and Sweet Snacks
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 9 Market Breakup by Distribution Channel
- 9.1 Distributors
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Manufacturers
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Archer Daniels Midland Company
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Associated British Foods Plc
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Cargill Incorporated
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 SWOT Analysis
- 15.3.4 Chr. Hansen Holding A/S
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 DuPont de Nemours Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Givaudan
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Ingredion Incorporated
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Kerry Group plc
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 Koninklijke DSM N.V.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Sensient Technologies Corporation
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Tate & Lyle plc
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
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