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Specialty Food Ingredients Market: By Type, By Application, and Region Forecast 2019-2030
Specialty Food Ingredients Market: By Type, By Application, and Region Forecast 2019-2030
Specialty Food Ingredients Market size was valued at US$ 142.9 billion in 2023 and is expected to grow at a CAGR of 6.2% from 2024-2030. The food and beverage industry uses specialty food ingredients in order to enhance the taste and flavor to processed food. Owing to the demand for convenience food along with changing lifestyles specialty food ingredients are able to meet customer’s needs. 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 pill, powders, or capsules. 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 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. 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)
Study Period
2024-2030Base Year
2023CAGR
6.2%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increase in consumer preference for processed food and convenience food items are driving the market. The enhanced self-life, texture and stability of specialty food ingredients are also helps in driving the growth of the market. The increasing urbanization, rising purchasing power, and latest technologies enhance the specialty ingredients resulting in the form encapsulation technologies such as spray drying, chilling, fluidized bed coating, nano-encapsulation, bio-encapsulation, micelles, ribosomes, and many others which is acting as the driving factor in the market.
Geographically, global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market has the largest market share for specialty food ingredients and is expected to remain dominant in the forecasted period. The growing obesity and diabetes problems are compelling the consumers to focus on healthier lifestyles which is inclining the consumers to prefer the specialty food ingredients. The North America market largest share is followed by the Europe and Asia Pacific. Healthy eating habit is expected to boost the European market The Asia-Pacific food and beverage sector is greatly influenced by the implementation of R&D and technological innovations which is resulting in a new product outcome. Asia Pacific region is expected to witness higher growth in the coming future.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 142.9 billion |
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Market CAGR |
6.2% |
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By Type |
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By Application |
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By Region |
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Download Free Sample Report
The specialty food ingredients market size was valued at US$ 142.9 billion in 2023 and is set to grow at a significant CAGR of 6.2% from 2024-2030.
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The market key players are DuPont (U.S), Cargill (U.S), Royal DSM (Netherlands), Hansen (Denmark), Tate & Lyle (U.K), Kerry Group Plc (Ireland), Archer Daniels Midland Company (U.S)
| 1. Executive Summary |
| 2. Global Specialty Food Ingredients Market Introduction |
| 2.1.Global Specialty Food Ingredients Market - Taxonomy |
| 2.2.Global Specialty Food Ingredients Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Specialty Food Ingredients Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Specialty Food Ingredients Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Specialty Food Ingredients Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Sweeteners |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Nutritional Food ingredients |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Emulsifiers/ Stabilizer’s |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Food Preservatives |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Acidulants |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Enzymes |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Colour |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Flavours |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Nutraceutical ingredients |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6. Global Specialty Food Ingredients Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Bakery and confectionery |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Beverage |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Meat Products Dairy |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Snacks |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Salty Snacks |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Specialty Food Ingredients Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Specialty Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Sweeteners |
| 8.1.2.Nutritional Food ingredients |
| 8.1.3.Emulsifiers/ Stabilizer’s |
| 8.1.4.Food Preservatives |
| 8.1.5.Acidulants |
| 8.1.6.Enzymes |
| 8.1.7.Colour |
| 8.1.8.Flavours |
| 8.1.9.Nutraceutical ingredients |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Bakery and confectionery |
| 8.2.2.Beverage |
| 8.2.3.Meat Products Dairy |
| 8.2.4.Snacks |
| 8.2.5.Salty Snacks |
| 8.2.6.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Specialty Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Sweeteners |
| 9.1.2.Nutritional Food ingredients |
| 9.1.3.Emulsifiers/ Stabilizer’s |
| 9.1.4.Food Preservatives |
| 9.1.5.Acidulants |
| 9.1.6.Enzymes |
| 9.1.7.Colour |
| 9.1.8.Flavours |
| 9.1.9.Nutraceutical ingredients |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Bakery and confectionery |
| 9.2.2.Beverage |
| 9.2.3.Meat Products Dairy |
| 9.2.4.Snacks |
| 9.2.5.Salty Snacks |
| 9.2.6.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Specialty Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Sweeteners |
| 10.1.2.Nutritional Food ingredients |
| 10.1.3.Emulsifiers/ Stabilizer’s |
| 10.1.4.Food Preservatives |
| 10.1.5.Acidulants |
| 10.1.6.Enzymes |
| 10.1.7.Colour |
| 10.1.8.Flavours |
| 10.1.9.Nutraceutical ingredients |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Bakery and confectionery |
| 10.2.2.Beverage |
| 10.2.3.Meat Products Dairy |
| 10.2.4.Snacks |
| 10.2.5.Salty Snacks |
| 10.2.6.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Specialty Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Sweeteners |
| 11.1.2.Nutritional Food ingredients |
| 11.1.3.Emulsifiers/ Stabilizer’s |
| 11.1.4.Food Preservatives |
| 11.1.5.Acidulants |
| 11.1.6.Enzymes |
| 11.1.7.Colour |
| 11.1.8.Flavours |
| 11.1.9.Nutraceutical ingredients |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Bakery and confectionery |
| 11.2.2.Beverage |
| 11.2.3.Meat Products Dairy |
| 11.2.4.Snacks |
| 11.2.5.Salty Snacks |
| 11.2.6.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Specialty Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Sweeteners |
| 12.1.2.Nutritional Food ingredients |
| 12.1.3.Emulsifiers/ Stabilizer’s |
| 12.1.4.Food Preservatives |
| 12.1.5.Acidulants |
| 12.1.6.Enzymes |
| 12.1.7.Colour |
| 12.1.8.Flavours |
| 12.1.9.Nutraceutical ingredients |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Bakery and confectionery |
| 12.2.2.Beverage |
| 12.2.3.Meat Products Dairy |
| 12.2.4.Snacks |
| 12.2.5.Salty Snacks |
| 12.2.6.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.DuPont (U.S) |
| 13.2.2.Cargill (U.S) |
| 13.2.3.Royal DSM (Netherlands) |
| 13.2.4.Hansen (Denmark) |
| 13.2.5.Tate & Lyle (U.K) |
| 13.2.6.Kerry Group Plc (Ireland) |
| 13.2.7.Archer Daniels Midland Company (U.S) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.