Specialty Food Ingredients Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Sweeteners, Nutritional Food Ingredients, Emulsifiers/ Stabilizer’s, Food Preservatives, Acidulants, Colours, Enzymes, Flavours, and Nutraceutical Ingredients), By Application (Bakery and Confectioner, Beverage, Meat Products Dairy, Snacks, and Others), and Region  

Specialty Food Ingredients Market size was valued at US$ 142.9 billion in 2022 and is expected to grow at a CAGR of 6.2% from 2023-2029. The food and beverage industry uses specialty food ingredients in order to enhance the taste and flavor to the processed food. Owing to the demand for convenience food along with changing lifestyles specialty food ingredients are able to meet customer’s need. These specialty food ingredients preserve the texture, enhance color, and add benefits in processing. Manufacturers are also providing many dietary and health supplements using nutraceutical ingredients in the form of a pill, powder, or capsule. Nutraceuticals provide Nutraceuticals extra health benefits and basic nutritional needs through protein supplements and functional food ingredients. Some of the special features such as packaging of gases & preservatives also help in reducing wastage of food which is adding further advantage for emerging the growth of the specialty food ingredients market. However, the stricter legislatives and regulations with respect to food safety and shelf-life are the major factors hampering the growth of the Global market. In February 2018, Archer Daniels Midland Company (NYSE: ADM) and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt. The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)