Specialty Food Ingredients Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Specialty Food Ingredients Market 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 Geography

 

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Report

Description

The global Specialty Food Ingredients Market size was estimated at USD 142.9 Bn in 2021, growing at a CAGR of 6.2% during the forecast period 2021-2027. 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 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)


Specialty Food Ingredients Market

MARKET SUMMARY
-
6.2% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 6.2%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Specialty Food Ingredients Market

  • The report on the global Specialty Food Ingredients Market gives historical, current, and future market sizes (US$ Bn) based on the type, application and Geography.
  • Global Specialty Food Ingredients Market gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Market Key Players
  • DuPont (U.S)
  • Cargill (U.S)
  • Royal DSM (Netherlands)
  • Hansen (Denmark)
  • Tate & Lyle (U.K)
  • Kerry Group Plc (Ireland)
Drivers And Restraints

Specialty Food Ingredients Market

Increase in consumer preference for processed food and convenience food items are driving the specialty food ingredients 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 specialty food ingredients market.


North-America got significant share

Specialty Food Ingredients Market

Geographically, global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America specialty food ingredients 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 specialty food ingredients market largest share is followed by the Europe and Asia Pacific. Healthy eating habit is expected to boost the European specialty food ingredients 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market and forecast.
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Segmentation

Specialty Food Ingredients Market


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • 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)

Description

The global Specialty Food Ingredients Market size was estimated at USD 142.9 Bn in 2021, growing at a CAGR of 6.2% during the forecast period 2021-2027. 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 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)

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX