Specialty Food Ingredients Market Demand, Industry Overview, Share, Size, Report 2023-2028

Specialty Food Ingredients Market

 IMARC Group, a leading market research company, has recently releases report titled “Specialty Food Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the specialty food ingredients market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global specialty food ingredients market size reached US$ 76.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Report Highlights

How big is the Specialty Food Ingredients Market?

  • Market Size in 2022: US$ 76.6 Billion
  • Market Forecast in 2028: US$ 104.8 Billion
  • Growth rate (2023 to 2028): CAGR of 5.4%
  • Base Year of the Analysis: 2022
  • Forecast Period: 2023-2028

What are Specialty Food Ingredients?

Specialty food ingredients are added to improve the color, taste, texture, and overall quality of the food products. They range from macro ingredients, including fibers, carbohydrates and fats, to micro-ingredients such as minerals, vitamins, and enzymes. These ingredients include colors, preservatives, and flavor enhancers, emulsifiers and enzymes.

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What are the growth prospects and trends in the Specialty Food Ingredients industry?

The global specialty food ingredients market is primarily driven by the increasing penetration of packaged and convenience food items. Besides this, individuals are incorporating specialty food ingredients like dietary fibers and antioxidants into bakery and dairy products, jams, meats, and soups as they help modify the textural properties and stabilize high-fat emulsions. Furthermore, with the growing prevalence of chronic diseases, consumers are shifting toward a healthier lifestyle. This has escalated the demand for healthy, natural, plant-based specialty food ingredients. Moreover, several manufacturers are introducing innovative products with clean label ingredients to broaden their production base. These factors are expected to influence the market growth in the upcoming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Our report has categorized the market based on product type, source, application and distribution channel.

Product Type:

Specialty Sensory Ingredients

  • Enzymes
  • Emulsifiers
  • Flavors
  • Colorants
  • Others

Specialty Functional Ingredients

  • Vitamins
  • Minerals
  • Antioxidants
  • Preservatives
  • Others

Source:

  • Natural
  • Synthetic

Application:

  • Beverages
  • Bakery and Confectionery
  • Dairy Products
  • Processed Foods
  • Meat Products
  • Savory and Sweet Snacks
  • Others

Distribution Channel:

  • Distributors
  • Manufacturers

Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.

Who are the key players operating in the industry?

The report covers the major market players including: 

  • Archer Daniels Midland Company
  • Associated British Foods Plc
  • Cargill Incorporated
  • Chr. Hansen Holding A/S
  • DuPont de Nemours Inc.
  • Givaudan
  • Ingredion Incorporated
  • Kerry Group plc
  • Koninklijke DSM N.V.
  • Sensient Technologies Corporation
  • Tate & Lyle plc.

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer Daniels Midland Company, Associated British Foods Plc, Cargill Incorporated, Chr. Hansen Holding A/S, DuPont de Nemours Inc., Givaudan, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Sensient Technologies Corporation and Tate & Lyle plc.

Report Coverage:

Report FeaturesDetails
Base Year of the Analysis2022
Historical Period2017-2022
Forecast Period2023-2028
UnitsUS$ Billion
Segment CoverageProduct Type, Source, Application, Distribution Channel, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries CoveredUnited States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies CoveredArcher Daniels Midland Company, Associated British Foods Plc, Cargill Incorporated, Chr. Hansen Holding A/S, DuPont de Nemours Inc., Givaudan, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Sensient Technologies Corporation and Tate & Lyle plc.
Customization Scope10% Free Customization
Report Price and Purchase OptionSingle User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support10-12 Weeks
Delivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

1. What was the size of the global specialty food ingredients market in 2022?

2. What is the expected growth rate of the global specialty food ingredients market during 2023-2028?

3. What are the key factors driving the global specialty food ingredients market?

4. What has been the impact of COVID-19 on the global specialty food ingredients market?

5. What is the breakup of the global specialty food ingredients market based on the product type?

6. What is the breakup of the global specialty food ingredients market based on the source?

7. What is the breakup of the global specialty food ingredients market based on the application?

8. What is the breakup of the global specialty food ingredients market based on the distribution channel?

9. What are the key regions in the global specialty food ingredients market?

10. Who are the key players/companies in the global specialty food ingredients market?

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Specialty Food Ingredients Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6.1    Specialty Sensory Ingredients
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Enzymes
           6.1.2.2 Emulsifiers
           6.1.2.3 Flavors
           6.1.2.4 Colorants
           6.1.2.5 Others
        6.1.3 Market Forecast
    6.2    Specialty Functional Ingredients
        6.2.1 Market Trends
        6.2.2 Key Segments
           6.2.2.1 Vitamins
           6.2.2.2 Minerals
           6.2.2.3 Antioxidants
           6.2.2.4 Preservatives
           6.2.2.5 Others
        6.2.3 Market Forecast
7   Market Breakup by Source
    7.1    Natural
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Synthetic
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Application
    8.1    Beverages
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Bakery and Confectionery
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Dairy Products
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Processed Foods
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Meat Products
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Savory and Sweet Snacks
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.8    Others
        8.8.1 Market Trends
        8.8.2 Market Forecast
9   Market Breakup by Distribution Channel
    9.1    Distributors
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Manufacturers
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Archer Daniels Midland Company
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Associated British Foods Plc
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Cargill Incorporated
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 SWOT Analysis
        15.3.4    Chr. Hansen Holding A/S
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    DuPont de Nemours Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Givaudan
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Ingredion Incorporated
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Kerry Group plc
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    Koninklijke DSM N.V.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Sensient Technologies Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Tate & Lyle plc
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis

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