Specialty Food Ingredients Market by Type (Proteins and Amino Acids, Enzymes, Emulsifiers, Flavors, Vitamins, Minerals), Source (Natural, Artificial), Application (Food {Bakery & Confectionery}, Beverages {Alcoholic Beverages}) - Global Forecast to 2030

Specialty Food Ingredients Market by Type (Proteins and Amino Acids, Enzymes, Emulsifiers, Flavors, Vitamins, Minerals), Source (Natural, Artificial), Application (Food {Bakery & Confectionery}, Beverages {Alcoholic Beverages})—Global Forecast to 2030

According to the research report titled, ‘Specialty Food Ingredients Market by Type (Proteins and Amino Acids, Enzymes, Emulsifiers, Flavors, Vitamins, Minerals), Source (Natural, Artificial), Application (Food {Bakery & Confectionery}, Beverages {Alcoholic Beverages})—Global Forecast to 2030,’ the global specialty food ingredients market is projected to reach $250.44 billion by 2030, at a CAGR of 5.6% during the forecast period of 2023–2030. In terms of volume, the specialty food ingredients market is projected to reach 79,704.9 KT by 2030, at a CAGR of 4.5% during the forecast period of 2023–2030. The report provides an in-depth analysis of the global specialty food ingredients market in five major geographies and emphasizes the current market trends, sizes, volume, shares, recent developments, and forecasts till 2030.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the specialty food ingredients market is driven by the consumers’ changing preferences, driving the demand for specialty ingredients in the food & beverage sector, growing health consciousness among consumers, the growing adoption of convenience foods, and increasing partnerships and distribution agreements among specialty food ingredients manufacturers. However, specialty food ingredients’ short shelf life and low stability hamper the growth of this market to some extent. New product launches and technological innovations in the specialty food ingredients space are expected to provide market growth opportunities for the stakeholders operating in this market. Moreover, the growing demand for natural, organic, and clean-label ingredients is a prominent trend in the specialty food ingredients market.

The key players operating in the global specialty food ingredients market are Archer-Daniels-Midland Company (U.S.), Ashland Inc. (U.S.), Associated British Foods plc (U.K.), BASF SE (Germany), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Givaudan SA (Switzerland), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), and Tate & Lyle PLC (U.K.).

The specialty food ingredients market is segmented by type (proteins & amino acids, flavors, hydrocolloids, specialty starches, vitamins, minerals, prebiotics, probiotics, enzymes, emulsifiers, colorants, acidulants, sweeteners, starter cultures, essential oils, omega-3 fatty acids, carotenoids, preservatives, and other food ingredients), by source (natural specialty food ingredients and artificial specialty food ingredients), by application (food {bakery & confectionery, dairy products, sauces, dressings, and condiments, snacks, breakfast cereals, meat, poultry & seafood, infant food, and other food applications}, beverage [non-alcoholic beverages {carbonated soft drinks, dairy-based beverages, sports and energy drinks, iced tea, and other beverages}, alcoholic beverages]). The study also evaluates industry competitors and analyzes the market at regional and country levels.

Based on type, the specialty food ingredients market is segmented into proteins & amino acids, flavors, hydrocolloids, specialty starches, vitamins, minerals, prebiotics, probiotics, enzymes, emulsifiers, colorants, acidulants, sweeteners, starter cultures, essential oils, omega-3 fatty acids, carotenoids, preservatives, and other food ingredients. In 2023, the proteins & amino acids segment is expected to account for the largest share of the global specialty food ingredients market. The large market share of this segment is attributed to the growing demand for a protein-rich diet, growing health and wellness, and the rising demand for plant-based protein from the growing vegan population. Further, proteins and amino acids are crucial for the proper functioning and structure of the body. A varied and balanced diet with adequate protein sources can help ensure the body receives the amino acids necessary to support its physiological processes.

Based on source, the specialty food ingredients market is segmented into natural specialty food ingredients and artificial specialty food ingredients. The natural specialty food ingredients segment is projected to register a higher CAGR during the forecast period of 2023–2030. The growth of this segment is driven by the increasing awareness about sustainable sourcing and advancements in food technology, the growing popularity of clean-label products, increasing demand for organic food products, and rising awareness about the health hazards associated with synthetic food ingredients.

Based on application, the global specialty food ingredients market is segmented into food and beverages. In 2023, the food segment is expected to account for a larger share of the global specialty food ingredients market. The large market share of this segment is attributed to changing consumer lifestyles and the rising preference for convenience food. Additionally, the increasing health awareness among consumers is steadily causing a shift towards safer and healthier foods, which is further expected to boost the demand for specialty food ingredients. This segment is further segmented into bakery and confectionery; dairy products; breakfast cereals; snacks; meat, poultry, and seafood; infant food; sauces, dressings, and condiments; and other foods. In 2023, the bakery and confectionery segment is expected to account for the largest share of the global specialty food ingredients market. The growth of this segment is driven by factors such as the increasing innovations in confectionery applications, rising health consciousness, and the rising demand for convenience foods due to busy schedules and high disposable incomes.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the highest CAGR during the forecast period of 2023–2030. The growth of this regional market is driven by the emerging trend of healthy food, rising demand for packaged food, rapid urbanization, rising awareness about the health benefits of products containing natural ingredients, and a growing diabetic and obese population in the region.

Key Questions Answered in the Report:

What are the historical market sizes, volume, and growth rates of the global specialty food ingredients market?
At what rate is the global specialty food ingredients demand projected to grow for the next 5–7 years?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of type, source, and application, are expected to create major traction for the manufacturers in this market during the forecast period of 2023–2030?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global specialty food ingredients market during the forecast period of 2023–2030?
Who are the major players in the global specialty food ingredients market? What are their specific product offerings in this market?
What are the recent strategic developments in the global specialty food ingredients market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Specialty Food Ingredients Market Assessment—by Type

Proteins and Amino Acids
Flavors
Vitamins
Hydrocolloids
Specialty Starches
Preservatives
Minerals
Acidulants
Colorants
Sweeteners
Emulsifiers
Essential Oils
Prebiotics
Enzymes
Probiotics
Omega-3 Fatty Acids
Starter Cultures
Carotenoids
Other Specialty Food Ingredients

Specialty Food Ingredients Market Assessment—by Source

Natural Specialty Food Ingredients
Artificial Specialty Food Ingredients

Specialty Food Ingredients Market Assessment—by Application

Food
Bakery & Confectionery
Dairy Products
Sauces, Dressings, and Condiments
Snacks
Breakfast Cereals
Meat, Poultry, and Seafood
Infant Food
Other Food Applications
Beverage
Non-alcoholic Beverages
Carbonated Soft Drinks
Dairy-based Beverages
Sports and Energy Drinks
Iced Tea
Other Non-alcoholic Beverages
Alcoholic Beverages

Specialty Food Ingredients Market Assessment—by Geography

North America
U.S.
Canada
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa

Specialty Food Ingredients Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	368
Units Referenced	Value (USD Million)Volume (KT)
Segments/Key Topics	Market by Type, Source, Application, Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
Key Companies Mentioned	Archer-Daniels-Midland Company (U.S.), Ashland Inc. (U.S.), Associated British Foods plc (U.K.), BASF SE (Germany), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Givaudan SA (Switzerland), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), and Tate & Lyle PLC (U.K.).

FAQs About the Report

What is the value of revenue generated from the sales of the specialty food ingredients market across the region? At what rate is their demand expected to grow for the next 5–7 years?

The specialty food ingredients market is projected to reach $250.44 billion by 2030 at a CAGR of 5.6% during the forecast period.

Which type segment showcases high growth opportunities for the specialty food ingredients market players?

In 2023, the proteins & amino acids segment is expected to account for the largest share of the global specialty food ingredients market. The large market share of this segment is attributed to the growing demand for a protein-rich diet, growing health and wellness, and the rising demand for plant-based protein from the growing vegan population. Further, proteins and amino acids are crucial for the proper functioning and structure of the body. A varied and balanced diet with adequate protein sources can help ensure the body receives the amino acids necessary to support its physiological processes.

Which application segment of the market is projected to create more traction in the specialty food ingredients market?

In 2023, the food segment is expected to account for a larger share of the global specialty food ingredients market. The large market share of this segment is attributed to changing consumer lifestyles and the rising preference for convenience food. Additionally, the increasing health awareness among consumers is steadily causing a shift towards safer and healthier foods, which is further expected to boost the demand for specialty food ingredients. This segment is further segmented into bakery and confectionery; dairy products; breakfast cereals; snacks; meat, poultry, and seafood; infant food; sauces, dressings, and condiments; and other foods. In 2023, the bakery and confectionery segment is expected to account for the largest share of the global specialty food ingredients market. The growth of this segment is driven by factors such as rising health consciousness, increasing innovations in confectionery applications, and the rising demand for convenience foods due to busy schedules and high disposable incomes.

What are the key factors driving the growth of the specialty food ingredients market? What are the major opportunities for existing market players and new entrants in the market?

The growth of this market is mainly driven by the consumers’ changing preferences, driving the demand for specialty ingredients in the food & beverage sector, growing health consciousness among consumers, the growing adoption of convenience foods, and increasing partnerships and distribution agreements among specialty food ingredients manufacturers. New product launches and technological innovations in the specialty food ingredients space are expected to provide market growth opportunities for the stakeholders operating in this market.

Who are the major players operating in the specialty food ingredients market?

The key players operating in the specialty food ingredients market are Archer-Daniels-Midland Company (U.S.), Ashland Inc. (U.S.), Associated British Foods plc (U.K.), BASF SE (Germany), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Givaudan SA (Switzerland), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), and Tate & Lyle PLC (U.K.).

Which regions/countries are expected to witness significant demand for specialty food ingredients in the coming years?

North America dominates the specialty food ingredients market, and Asia-Pacific is projected to grow at the highest growth rate over the coming years.