Global Specialty Food Ingredients Market 2024-2028
The specialty food ingredients market is forecasted to grow by USD 59.02 bn during 2023-2028, accelerating at a CAGR of 6.94% during the forecast period. The report on the specialty food ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for plant-based specialty food ingredients, demand for specialty food ingredients in food processing industry, and continuous innovations in specialty food ingredients.
Technavio's specialty food ingredients market is segmented as below:
By Product
- Nutraceutical Ingredients
- Flavors
- Specialty starches
- Acidulants
- Others
By Application
- Bakery and confectionary
- Beverages
- Sauces and condiments
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the growing demand for natural neutraceutical ingredients as one of the prime reasons driving the specialty food ingredients market growth during the next few years. Also, rising preference for non-GMO ingredients and growing demand for natural and label-friendly food colorants will lead to sizable demand in the market.
The report on the specialty food ingredients market covers the following areas:
- Specialty food ingredients market sizing
- Specialty food ingredients market forecast
- Specialty food ingredients market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading specialty food ingredients market vendors that include Advanced Food Systems Inc., Archer Daniels Midland Co., Ashland Inc., Axiom Foods Inc., Barentz International BV, Cargill Inc., Chr Hansen Holding AS, DuPont de Nemours Inc., Fonterra Cooperative Group Ltd., Givaudan SA, Ingredion Inc., Kerry Group Plc, Koninklijke DSM NV, Nagase and Co. Ltd., Roquette Freres SA, Sensient Technologies Corp., SubNutra Food Ingredients Pvt. Ltd., Tate and Lyle PLC, and Woodland Foods Ltd.. Also, the specialty food ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.