Market Overview:
The global specialty food ingredients market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for convenience foods and rising awareness about health and wellness. In terms of type, flavors accounted for the largest share in 2017, followed by colors, enzymes, and other types. Bakery & confectionery was the largest application segment in 2017, followed by dairy products, meat products, savory & salty snacks, beverages, and others.
Product Definition:
A specialty food ingredient is a food additive that has a specific and unique purpose in the manufacture of foods. These ingredients are used to improve the flavor, color or texture of foods, or to extend their shelf life. They may also be used to make foods more nutritious or healthy. Some specialty food ingredients are also known as dietary supplements, because they provide important nutrients that are not found in most other foods.
Flavors:
Flavors are the substances that give food taste. It can be natural or artificial depending upon the source of extraction. Natural flavors are obtained from plants and animals whereas artificial flavors are manufactured to replicate their flavor characteristics in food products. Flavors can be single components or a combination of flavoring agents and carriers (ingredients).
Colors:
Colors are added to food ingredients for enhancing their aesthetic appeal. The most commonly used colorants are caramel, chocolate, and vanilla extracts. Other common colors in the market include red & green sauces, ketchup, mustard yellow etc. Coloring agents enhance the flavor as well as appearance of food products which is expected to increase its consumption in various foods over the forecast period.
Application Insights:
Bakery & confectionery products accounted for the largest share of over 30.0% in 2017. These are widely used in various bakery products such as cakes, pastries, cookies, and muffins on account of their sweet taste and aroma. Rising demand for these products across the globe is anticipated to boost product application over the next eight years.
Regional Analysis:
Europe was the largest market for specialty food ingredients, accounting for more than 30% of the global revenue in 2017. The region is expected to maintain its dominance over the forecast period owing to high demand from various application industries and rising consumer awareness about health & nutrition.
Asia Pacific is projected to be one of the fastest-growing markets with a CAGR exceeding 5% during the forecast period. This can be attributed to increasing consumption of bakery products, confectionery items as well as dairy and meat based speciality foods in this region due to growing population along with rising disposable income levels which has triggered an increase in demand from developing countries such as China & India. Furthermore, favorable government regulations aimed at promoting exports are expected to drive regional growth further on account of availability of skilled labor at low cost coupled with easy access to raw materials such as spices and flavors that attract manufacturers towards these regions thus driving product demand across different applications within these regions.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in demand for convenient food options. This is benefiting the specialty food ingredients market as these ingredients are used to enhance the taste, texture and nutritional value of convenience foods.
- Rising awareness about health and nutrition: There is a growing awareness among consumers about the importance of healthy eating and this is benefiting the specialty food ingredients market as these ingredients are used to improve the nutritional value of foods.
- Growing popularity of functional foods: Functional foods are those that offer additional health benefits beyond basic nutrition and this segment is witnessing strong growth globally. This is benefiting the specialty food ingredients market as these ingredients are commonly used in functional foods products.
- Rapid urbanization: One of the key drivers for growth in global markets, including that for specialty food ingredient, is rapid urbanization which leads to an increase in disposable income levels and a shift towards more processed and packaged foods products.. 5) Technological advancements: The development of new technologies has helped to boost innovation within the specialty food ingredient industry, resulting in better quality products with enhanced functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Speciality Food Ingredients Market Research Report
By Type
Flavors, Colors, Enzymes, Other
By Application
Bakery & Confectionery, Dairy Products, Meat Products, Savoury & Salty Snacks, Beverages, Others
By Companies
Arla Foods, Advanced Food Systems, Archer Daniels Midland, Bell Group, Brasil Foods, Chobani, Chr. Hansen Holding, Celestial Seasonings, Cambrian Solutions, Danone S.A., Deutsches Milchkontor, Ebro Foods, E.I. Du Pont De Nemours And Company, Flowers Foods, Fonterra Co-Operative Group, Frieslandcampina, General Mills, Givaudan, Grains Noirs, Garden Of Eatin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Speciality Food Ingredients Market Report Segments:
The global Speciality Food Ingredients market is segmented on the basis of:
Types
Flavors, Colors, Enzymes, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery & Confectionery, Dairy Products, Meat Products, Savoury & Salty Snacks, Beverages, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arla Foods
- Advanced Food Systems
- Archer Daniels Midland
- Bell Group
- Brasil Foods
- Chobani
- Chr. Hansen Holding
- Celestial Seasonings
- Cambrian Solutions
- Danone S.A.
- Deutsches Milchkontor
- Ebro Foods
- E.I. Du Pont De Nemours And Company
- Flowers Foods
- Fonterra Co-Operative Group
- Frieslandcampina
- General Mills
- Givaudan
- Grains Noirs
- Garden Of Eatin
Highlights of The Speciality Food Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flavors
- Colors
- Enzymes
- Other
- By Application:
- Bakery & Confectionery
- Dairy Products
- Meat Products
- Savoury & Salty Snacks
- Beverages
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Speciality Food Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Speciality food ingredients are those that are used in a limited number of foods, such as specialty breads or cheeses.
Some of the key players operating in the speciality food ingredients market are Arla Foods, Advanced Food Systems, Archer Daniels Midland, Bell Group, Brasil Foods, Chobani, Chr. Hansen Holding, Celestial Seasonings, Cambrian Solutions, Danone S.A., Deutsches Milchkontor, Ebro Foods, E.I. Du Pont De Nemours And Company, Flowers Foods, Fonterra Co-Operative Group, Frieslandcampina, General Mills, Givaudan, Grains Noirs, Garden Of Eatin.
The speciality food ingredients market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Speciality Food Ingredients Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Speciality Food Ingredients Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Speciality Food Ingredients Market - Supply Chain
4.5. Global Speciality Food Ingredients Market Forecast
4.5.1. Speciality Food Ingredients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Speciality Food Ingredients Market Size (000 Units) and Y-o-Y Growth
4.5.3. Speciality Food Ingredients Market Absolute $ Opportunity
5. Global Speciality Food Ingredients Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Speciality Food Ingredients Market Size and Volume Forecast by Type
5.3.1. Flavors
5.3.2. Colors
5.3.3. Enzymes
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Speciality Food Ingredients Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Speciality Food Ingredients Market Size and Volume Forecast by Application
6.3.1. Bakery & Confectionery
6.3.2. Dairy Products
6.3.3. Meat Products
6.3.4. Savoury & Salty Snacks
6.3.5. Beverages
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Speciality Food Ingredients Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Speciality Food Ingredients Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Speciality Food Ingredients Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Speciality Food Ingredients Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Speciality Food Ingredients Demand Share Forecast, 2019-2029
9. North America Speciality Food Ingredients Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Speciality Food Ingredients Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Speciality Food Ingredients Market Size and Volume Forecast by Application
9.4.1. Bakery & Confectionery
9.4.2. Dairy Products
9.4.3. Meat Products
9.4.4. Savoury & Salty Snacks
9.4.5. Beverages
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Speciality Food Ingredients Market Size and Volume Forecast by Type
9.7.1. Flavors
9.7.2. Colors
9.7.3. Enzymes
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Speciality Food Ingredients Demand Share Forecast, 2019-2029
10. Latin America Speciality Food Ingredients Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Speciality Food Ingredients Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Speciality Food Ingredients Market Size and Volume Forecast by Application
10.4.1. Bakery & Confectionery
10.4.2. Dairy Products
10.4.3. Meat Products
10.4.4. Savoury & Salty Snacks
10.4.5. Beverages
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Speciality Food Ingredients Market Size and Volume Forecast by Type
10.7.1. Flavors
10.7.2. Colors
10.7.3. Enzymes
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Speciality Food Ingredients Demand Share Forecast, 2019-2029
11. Europe Speciality Food Ingredients Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Speciality Food Ingredients Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Speciality Food Ingredients Market Size and Volume Forecast by Application
11.4.1. Bakery & Confectionery
11.4.2. Dairy Products
11.4.3. Meat Products
11.4.4. Savoury & Salty Snacks
11.4.5. Beverages
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Speciality Food Ingredients Market Size and Volume Forecast by Type
11.7.1. Flavors
11.7.2. Colors
11.7.3. Enzymes
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Speciality Food Ingredients Demand Share, 2019-2029
12. Asia Pacific Speciality Food Ingredients Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Speciality Food Ingredients Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Speciality Food Ingredients Market Size and Volume Forecast by Application
12.4.1. Bakery & Confectionery
12.4.2. Dairy Products
12.4.3. Meat Products
12.4.4. Savoury & Salty Snacks
12.4.5. Beverages
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Speciality Food Ingredients Market Size and Volume Forecast by Type
12.7.1. Flavors
12.7.2. Colors
12.7.3. Enzymes
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Speciality Food Ingredients Demand Share, 2019-2029
13. Middle East & Africa Speciality Food Ingredients Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Speciality Food Ingredients Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Speciality Food Ingredients Market Size and Volume Forecast by Application
13.4.1. Bakery & Confectionery
13.4.2. Dairy Products
13.4.3. Meat Products
13.4.4. Savoury & Salty Snacks
13.4.5. Beverages
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Speciality Food Ingredients Market Size and Volume Forecast by Type
13.7.1. Flavors
13.7.2. Colors
13.7.3. Enzymes
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Speciality Food Ingredients Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Speciality Food Ingredients Market: Market Share Analysis
14.2. Speciality Food Ingredients Distributors and Customers
14.3. Speciality Food Ingredients Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arla Foods
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Advanced Food Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Archer Daniels Midland
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bell Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Brasil Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chobani
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chr. Hansen Holding
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Celestial Seasonings
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cambrian Solutions
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Danone S.A.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Deutsches Milchkontor
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ebro Foods
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. E.I. Du Pont De Nemours And Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Flowers Foods
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Fonterra Co-Operative Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Frieslandcampina
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. General Mills
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Givaudan
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Grains Noirs
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Garden Of Eatin
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
