Specialty Food Ingredients Market Size, Share, Growth 2030

Description
Segmentation & Scope

The growth of an approximately US$75 Bn specialty food ingredients market (as of 2021) revolves around the transforming consumer trends on of which is the mass shift toward natural, healthier ingredients.

Rising Inclination Toward Natural Colourants in Food and Beverages to Augment Specialty Food Ingredients Market Growth

Food industry has always reflected a dynamic scenario with growing developments in terms of food additives and components. Moreover, with growing health awareness, the consumption of functionally fortified food products is on the rise. This has paved potential opportunities for food manufacturers to innovate their products using natural additives such as specialty food ingredients. Consumer shift towards nutritional healthy food are demanding products with optimum balance of micro and macro ingredients from a diet standpoint. This is likely to drive the need for nutrition powered food products along with improved aesthetics, thus auguring well for the specialty food ingredients market.

Rising preference of clean label products has resulted in an increasing demand for organic or natural colourants. Natural colourants are obtained from different renewable sources and do not have adverse impact on human health. Colourants have been used in the food and beverage sector to impart necessary aesthetics that enhance the product’s appearance and attractiveness. They are widely used in different food products such as candies, margarine, soft drinks, jams and jellies, snacks, pudding, pie fillings, and other processed foods. In addition, natural food colours do not contain allergy-prone components and add nutritional value to the food product. For instance, beetroot acts as a natural colourant that provides pink tinge to the food apart from promoting healthy cardiovascular system as they are rich in nitrates. This has accelerated use of natural colourants in beverages and food items in turn complementing growth of the specialty food ingredients market.

Sensory Specialty Food Ingredients to Reflect a Volume and Value Upswing in Specialty Food Ingredients Market

Sales of sensory specialty food ingredients have been reflecting an upward trend since the past few years and are expected to maintain stability going forward. Sensory ingredients are crucial components that improve smell, taste, texture, and flavour of food products. Growing demand of these components in convenience and packaged food products and other confectioneries is expected to drive their sales, in turn accounting for a major revenue share in the specialty food ingredients market. Among different sensory ingredients, flavour imparting counterparts are likely to witness significant growth. Changing consumer preference apropos to flavour of food products has resulted in the development of new fresh taste imparting ingredients. Moreover, with growing inclination towards organic products, natural flavour imparting ingredients are in high demand. These aspects are likely to bode well for the sensory ingredient scenario, consequently contributing towards market growth.

North America Continues to Sketch Dominance in Global Specialty Food Ingredients Market

Developed nations in North America are poised to hold a significant share in the specialty food ingredients market. Increasing demand for specialty food ingredients is largely driven by growing rates of lifestyle disorders such as obesity, and diabetes. Increasing prevalence of these disorders has generated awareness among consumers to adopt healthier lifestyles by regulating their diets and including specialty ingredients such as functional food components, and protein. In addition, ready to eat and convenience food products have been trending in the region owing to busy lifestyles of individuals. This is expected to provide ample opportunities of growth with regards to inclusion of specialty food ingredients in convenience and packaged foods.

Furthermore, rising inclination towards gluten free, natural, and organic food has also embossed a positive influence on the demand for specialty food ingredients. In wake of this shift, the meat and poultry industry has been adopting appropriate quantity of specialty food ingredients to improve the nutrition value, offer a sufficient quantity of micros and macros that the human body requires and enhance overall food quality. These factors remain instrumental in driving the consumption of nutritional food, in turn paving potential avenues for specialty food ingredients market in North America.

Specialty Food Ingredients Market: Competition Scenario

Major players in the specialty food ingredients market have been adopting growth strategies such as mergers and acquisitions and new product launches to strengthen their position among competitors. For instance, in 2021, Divi’s Nutraceuticals introduced CaroNat. CaroNat is a specialty food ingredient that is naturally sourced and provides dark yellow to orange tinge in terms of colouration to various food products and beverages including the dairy industry. Likewise, in 2020, Cargill Inc. announced the launch of label friendly and specialty sweetener – C✩TruSweet 01795. This sweetener offers a 30% calorie and sugar reduction in beverages and is also used in several food applications particularly in the European market. In 2021, merger between DuPont’s Nutrition & Biosciences Business and International Flavours & Fragrances was concluded. With this strategy, International Flavours & Fragrances, with the combined product portfolio, can establish its leadership in high value specialty ingredients used in health and wellness food, personal care and food and beverage sectors.

Few of the major players in specialty food ingredients market include Cargill Incorporated, DuPont de Nemours Inc., International Flavours & Fragrances, Kerry Group PLC, Koninklijke DSM NV, ADM, Nutriati, Amco Proteins, Ingredion, Tate & Lyle, and Crespel & Dieters.

Regional Classification of the Global Specialty Food Ingredients Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Specialty Food Ingredients Market

Specialty Food Ingredients Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value and Volume, 2018 - 2022
Volume Consumption at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
1.1. Global Specialty Food Ingredients Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
  2.2.1.2. Driver B
  2.2.1.3. Driver C
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-covid and Post-covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Global Food Ingredients – Market Overview
2.8. Technology Landscape
2.9. Product launches & Recent Developments
2.10. Economic Analysis
2.11. PESTLE

3. Production Output Statistics and Trade Policies
3.1. Regional Production Statistics
  3.1.1. North America
  3.1.2. Europe
  3.1.3. Asia Pacific
  3.1.4. Latin America
  3.1.5. Middle East & Africa
3.2. Trade (Import/Export) Policies

4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Ingredients
4.4. By Region

5. Global Specialty Food Ingredients Market Outlook, 2018 - 2030
5.1. Global Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Vitamins & Minerals
  5.1.1.2. Colorants
  5.1.1.3. Emulsifiers
  5.1.1.4. Proteins
  5.1.1.5. Preservatives
  5.1.1.6. Flavours
  5.1.1.7. Sweeteners
  5.1.1.8. Acidulants
  5.1.1.9. Cultures
  5.1.1.10. Botanicals
  5.1.1.11. Misc. (Cocoa Ingredients, etc.)
5.2. Global Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  5.2.1. Key Highlights
  5.2.1.1. Bakery & Confectionaries
  5.2.1.2. Beverages
  5.2.1.3. Meat, Poultry & Seafood
  5.2.1.4. Snacks
  5.2.1.5. Dairy Products
  5.2.1.6. Frozen Foods
  5.2.1.7. Sauces, Dressings & Condiments
  5.2.1.8. Misc. (Baby Food, etc.)
5.3. Global Specialty Food Ingredients Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  5.3.1. Key Highlights
  5.3.1.1. North America
  5.3.1.2. Europe
  5.3.1.3. Asia Pacific
  5.3.1.4. Latin America
  5.3.1.5. Middle East & Africa
  5.3.2. BPS Analysis/Market Attractiveness Analysis

6. North America Specialty Food Ingredients Market Outlook, 2018 - 2030
6.1. North America Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Vitamins & Minerals
  6.1.1.2. Colorants
  6.1.1.3. Emulsifiers
  6.1.1.4. Proteins
  6.1.1.5. Preservatives
  6.1.1.6. Flavours
  6.1.1.7. Sweeteners
  6.1.1.8. Acidulants
  6.1.1.9. Cultures
  6.1.1.10. Botanicals
  6.1.1.11. Misc. (Cocoa Ingredients, etc.)
6.2. North America Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Bakery & Confectionaries
  6.2.1.2. Beverages
  6.2.1.3. Meat, Poultry & Seafood
  6.2.1.4. Snacks
  6.2.1.5. Dairy Products
  6.2.1.6. Frozen Foods
  6.2.1.7. Sauces, Dressings & Condiments
  6.2.1.8. Misc. (Baby Food, etc.)
6.3. North America Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  6.3.1. Key Highlights
  6.3.1.1. U.S.
  6.3.1.2. Canada
  6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Specialty Food Ingredients Market Outlook, 2018 - 2030
7.1. Europe Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Vitamins & Minerals
  7.1.1.2. Colorants
  7.1.1.3. Emulsifiers
  7.1.1.4. Proteins
  7.1.1.5. Preservatives
  7.1.1.6. Flavours
  7.1.1.7. Sweeteners
  7.1.1.8. Acidulants
  7.1.1.9. Cultures
  7.1.1.10. Botanicals
  7.1.1.11. Misc. (Cocoa Ingredients, etc.)
7.2. Europe Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Bakery & Confectionaries
  7.2.1.2. Beverages
  7.2.1.3. Meat, Poultry & Seafood
  7.2.1.4. Snacks
  7.2.1.5. Dairy Products
  7.2.1.6. Frozen Foods
  7.2.1.7. Sauces, Dressings & Condiments
  7.2.1.8. Misc. (Baby Food, etc.)
7.3. Europe Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Germany
  7.3.1.2. France
  7.3.1.3. U.K.
  7.3.1.4. Italy
  7.3.1.5. Spain
  7.3.1.6. Turkey
  7.3.1.7. Russia
  7.3.1.8. Rest of Europe
  7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Specialty Food Ingredients Market Outlook, 2018 - 2030
8.1. Asia Pacific Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Vitamins & Minerals
  8.1.1.2. Colorants
  8.1.1.3. Emulsifiers
  8.1.1.4. Proteins
  8.1.1.5. Preservatives
  8.1.1.6. Flavours
  8.1.1.7. Sweeteners
  8.1.1.8. Acidulants
  8.1.1.9. Cultures
  8.1.1.10. Botanicals
  8.1.1.11. Misc. (Cocoa Ingredients, etc.)
8.2. Asia Pacific Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Bakery & Confectionaries
  8.2.1.2. Beverages
  8.2.1.3. Meat, Poultry & Seafood
  8.2.1.4. Snacks
  8.2.1.5. Dairy Products
  8.2.1.6. Frozen Foods
  8.2.1.7. Sauces, Dressings & Condiments
  8.2.1.8. Misc. (Baby Food, etc.)
8.3. Asia Pacific Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  8.3.1. Key Highlights
  8.3.1.1. China
  8.3.1.2. Japan
  8.3.1.3. South Korea
  8.3.1.4. India
  8.3.1.5. Southeast Asia
  8.3.1.6. Rest of Asia Pacific
  8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Specialty Food Ingredients Market Outlook, 2018 - 2030
9.1. Latin America Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  9.1.1. Key Highlights
  9.1.1.1. Vitamins & Minerals
  9.1.1.2. Colorants
  9.1.1.3. Emulsifiers
  9.1.1.4. Proteins
  9.1.1.5. Preservatives
  9.1.1.6. Flavours
  9.1.1.7. Sweeteners
  9.1.1.8. Acidulants
  9.1.1.9. Cultures
  9.1.1.10. Botanicals
  9.1.1.11. Misc. (Cocoa Ingredients, etc.)
9.2. Latin America Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  9.2.1. Key Highlights
  9.2.1.1. Bakery & Confectionaries
  9.2.1.2. Beverages
  9.2.1.3. Meat, Poultry & Seafood
  9.2.1.4. Snacks
  9.2.1.5. Dairy Products
  9.2.1.6. Frozen Foods
  9.2.1.7. Sauces, Dressings & Condiments
  9.2.1.8. Misc. (Baby Food, etc.)
9.3. Latin America Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  9.3.1. Key Highlights
  9.3.1.1. Brazil
  9.3.1.2. Mexico
  9.3.1.3. Rest of Latin America
  9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Specialty Food Ingredients Market Outlook, 2018 - 2030
10.1. Middle East & Africa Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  10.1.1. Key Highlights
  10.1.1.1. Vitamins & Minerals
  10.1.1.2. Colorants
  10.1.1.3. Emulsifiers
  10.1.1.4. Proteins
  10.1.1.5. Preservatives
  10.1.1.6. Flavours
  10.1.1.7. Sweeteners
  10.1.1.8. Acidulants
  10.1.1.9. Cultures
  10.1.1.10. Botanicals
  10.1.1.11. Misc. (Cocoa Ingredients, etc.)
10.2. Middle East & Africa Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  10.2.1. Key Highlights
  10.2.1.1. Bakery & Confectionaries
  10.2.1.2. Beverages
  10.2.1.3. Meat, Poultry & Seafood
  10.2.1.4. Snacks
  10.2.1.5. Dairy Products
  10.2.1.6. Frozen Foods
  10.2.1.7. Sauces, Dressings & Condiments
  10.2.1.8. Misc. (Baby Food, etc.)
10.3. Middle East & Africa Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
  10.3.1. Key Highlights
  10.3.1.1. GCC
  10.3.1.2. South Africa
  10.3.1.3. Rest of Middle East & Africa
  10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
  11.3.1. Cargill Incorporated
  11.3.1.1. Company Overview
  11.3.1.2. Product Portfolio
  11.3.1.3. Financial Overview
  11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  11.3.2. Archer Daniels Midland Co
  11.3.3. Chr.Hansen Holding A/S
  11.3.4. Kerry Group
  11.3.5. Bunge Limited
  11.3.6. Ingredion
  11.3.7. DuPont
  11.3.8. DSM N.V.
  11.3.9. Ashland Inc.
  11.3.10. Sensient Technologies Corporation
  11.3.11. Tate & Lyle
  11.3.12. Givaudan

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Specialty Food Ingredients Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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