Market Overview:
The global specialty food ingredients market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for convenience foods and rising awareness about health and wellness. In terms of type, flavors and colors are expected to dominate the market during the forecast period. In terms of application, bakery is expected to be the fastest-growing segment during the forecast period.
Product Definition:
A specialty food ingredient is a food additive or flavoring that is used in small quantities to enhance the flavor or texture of a dish. These ingredients can be purchased from specialty stores, online retailers, or from distributors that specialize in selling ingredients to professional chefs.
The use of specialty food ingredients can add complexity and depth of flavor to dishes, making them more interesting and appealing to eat. In addition, these ingredients can also be used to enhance the appearance of foods by adding color or visual interest.
Flavors and Colors:
Flavors and colors are the most important ingredients in the food & beverage industry. They have a significant share in the overall cost of any processed food or drink product. The market for flavors and colors is expected to grow at a rapid rate over the forecast period owing to increasing demand from various application segments such as bakery, confectionery, dairy products, meat & poultry products among others.
Texturants:
Texturants are agents that increase the viscosity of a liquid without altering its other properties. They can be naturally derived or synthetic in nature. Some common examples of natural texturants include egg, milk, and starch-based ingredients such as pectin and agar among others.
Application Insights:
Beverages emerged as the leading application segment and accounted for a revenue share of over 40.0% in 2017. The ingredients used in beverages include sweeteners, preservatives, colors, and others such as natural fruit flavors and extracts. Increasing demand for functional beverages with health benefits is expected to drive the segment growth over the forecast period.
Functional food ingredient is projected to be one of the fastest-growing application segments owing to increasing consumer awareness about maintaining their health by consuming nutritious food products containing these ingredients. Rising healthcare costs coupled with a hectic work schedule have driven consumers towards adopting healthy lifestyle habits including regular exercise and eating nutritious foods that are rich in protein content along with dietary supplements that contain specialty food ingredients among other essential nutrients required by body organs such as brain cells & nerves cells among others which is expected to boost product demand over the forecast period (18 ¢â‚¬Å“ 2030).
Regional Analysis:
Europe was the largest market for specialty food ingredients, accounting for 35.1% of global revenue in 2017. The region is expected to maintain its dominance over the forecast period on account of high demand for flavors and colors from various end-use industries including dairy, confectionery, and beverages among others. Flavor manufacturing companies are focusing on R&D activities to develop new products as well as collaborations with other industry players to expand their businesses across Europe and other regions.
Asia Pacific is projected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing rising population coupled with increasing awareness about healthy foods among consumers especially in developing countries such as China.
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 make convenient and healthy foods.
- Rising awareness about health and nutrition: There is a growing awareness among consumers about the importance of eating healthy foods. This is benefiting the specialty food ingredients market as these ingredients are used to make healthier foods.
- Growing popularity of functional foods: Functional foods are those that offer additional health benefits beyond basic nutrition. They are becoming increasingly popular among consumers, which is benefiting the specialty food ingredients market as these ingredients are often used in making functional foods.
- Rapid growth of e-commerce: E-commerce is booming and this is benefitting the specialty food ingredient market as many online retailers are now selling speciality food products directly to consumers online. This allows consumers to easily access a wide variety of speciality food products from one location, which increases their convenience level immensely!
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Food Ingredients Market Research Report
By Type
Flavors and Colors, Texturants, Functional Food Ingredient, Sweeteners, Preservative, Enzymes, Others
By Application
Beverages, Sauces, dressings and condiments, Bakery, Dairy, Confectionary, Others
By Companies
Kerry Groups, DuPont, Cargill, ADM, DSM, Givaudan Flavors, Firmenich, Symrise, Ingredion, Tate & Lyle, CHR. Hansen, IFF, BASF, Takasago, Novozymes
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Food Ingredients Market Report Segments:
The global Specialty Food Ingredients market is segmented on the basis of:
Types
Flavors and Colors, Texturants, Functional Food Ingredient, Sweeteners, Preservative, Enzymes, Others
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
Beverages, Sauces, dressings and condiments, Bakery, Dairy, Confectionary, 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:
- Kerry Groups
- DuPont
- Cargill
- ADM
- DSM
- Givaudan Flavors
- Firmenich
- Symrise
- Ingredion
- Tate & Lyle
- CHR. Hansen
- IFF
- BASF
- Takasago
- Novozymes
Highlights of The Specialty 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 and Colors
- Texturants
- Functional Food Ingredient
- Sweeteners
- Preservative
- Enzymes
- Others
- By Application:
- Beverages
- Sauces, dressings and condiments
- Bakery
- Dairy
- Confectionary
- 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 Specialty 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Specialty food ingredients are those that are used in foods that have a specific flavor or texture. These ingredients can be difficult to find, and may require special handling.
Some of the key players operating in the specialty food ingredients market are Kerry Groups, DuPont, Cargill, ADM, DSM, Givaudan Flavors, Firmenich, Symrise, Ingredion, Tate & Lyle, CHR. Hansen, IFF, BASF, Takasago, Novozymes.
The specialty food ingredients market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty 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. Specialty 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. Specialty Food Ingredients Market - Supply Chain
4.5. Global Specialty Food Ingredients Market Forecast
4.5.1. Specialty Food Ingredients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Food Ingredients Market Size (000 Units) and Y-o-Y Growth
4.5.3. Specialty Food Ingredients Market Absolute $ Opportunity
5. Global Specialty 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. Specialty Food Ingredients Market Size and Volume Forecast by Type
5.3.1. Flavors and Colors
5.3.2. Texturants
5.3.3. Functional Food Ingredient
5.3.4. Sweeteners
5.3.5. Preservative
5.3.6. Enzymes
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Specialty 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. Specialty Food Ingredients Market Size and Volume Forecast by Application
6.3.1. Beverages
6.3.2. Sauces, dressings and condiments
6.3.3. Bakery
6.3.4. Dairy
6.3.5. Confectionary
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Specialty 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. Specialty 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 Specialty 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. Specialty 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 Specialty Food Ingredients Demand Share Forecast, 2019-2029
9. North America Specialty 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 Specialty 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 Specialty Food Ingredients Market Size and Volume Forecast by Application
9.4.1. Beverages
9.4.2. Sauces, dressings and condiments
9.4.3. Bakery
9.4.4. Dairy
9.4.5. Confectionary
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 Specialty Food Ingredients Market Size and Volume Forecast by Type
9.7.1. Flavors and Colors
9.7.2. Texturants
9.7.3. Functional Food Ingredient
9.7.4. Sweeteners
9.7.5. Preservative
9.7.6. Enzymes
9.7.7. Others
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 Specialty Food Ingredients Demand Share Forecast, 2019-2029
10. Latin America Specialty 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 Specialty 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 Specialty Food Ingredients Market Size and Volume Forecast by Application
10.4.1. Beverages
10.4.2. Sauces, dressings and condiments
10.4.3. Bakery
10.4.4. Dairy
10.4.5. Confectionary
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 Specialty Food Ingredients Market Size and Volume Forecast by Type
10.7.1. Flavors and Colors
10.7.2. Texturants
10.7.3. Functional Food Ingredient
10.7.4. Sweeteners
10.7.5. Preservative
10.7.6. Enzymes
10.7.7. Others
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 Specialty Food Ingredients Demand Share Forecast, 2019-2029
11. Europe Specialty 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 Specialty 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 Specialty Food Ingredients Market Size and Volume Forecast by Application
11.4.1. Beverages
11.4.2. Sauces, dressings and condiments
11.4.3. Bakery
11.4.4. Dairy
11.4.5. Confectionary
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 Specialty Food Ingredients Market Size and Volume Forecast by Type
11.7.1. Flavors and Colors
11.7.2. Texturants
11.7.3. Functional Food Ingredient
11.7.4. Sweeteners
11.7.5. Preservative
11.7.6. Enzymes
11.7.7. Others
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 Specialty Food Ingredients Demand Share, 2019-2029
12. Asia Pacific Specialty 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 Specialty 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 Specialty Food Ingredients Market Size and Volume Forecast by Application
12.4.1. Beverages
12.4.2. Sauces, dressings and condiments
12.4.3. Bakery
12.4.4. Dairy
12.4.5. Confectionary
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 Specialty Food Ingredients Market Size and Volume Forecast by Type
12.7.1. Flavors and Colors
12.7.2. Texturants
12.7.3. Functional Food Ingredient
12.7.4. Sweeteners
12.7.5. Preservative
12.7.6. Enzymes
12.7.7. Others
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 Specialty Food Ingredients Demand Share, 2019-2029
13. Middle East & Africa Specialty 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 Specialty 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 Specialty Food Ingredients Market Size and Volume Forecast by Application
13.4.1. Beverages
13.4.2. Sauces, dressings and condiments
13.4.3. Bakery
13.4.4. Dairy
13.4.5. Confectionary
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 Specialty Food Ingredients Market Size and Volume Forecast by Type
13.7.1. Flavors and Colors
13.7.2. Texturants
13.7.3. Functional Food Ingredient
13.7.4. Sweeteners
13.7.5. Preservative
13.7.6. Enzymes
13.7.7. Others
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 Specialty Food Ingredients Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Specialty Food Ingredients Market: Market Share Analysis
14.2. Specialty Food Ingredients Distributors and Customers
14.3. Specialty Food Ingredients Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kerry Groups
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cargill
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ADM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DSM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Givaudan Flavors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Firmenich
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Symrise
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ingredion
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tate & Lyle
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CHR. Hansen
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. IFF
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BASF
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Takasago
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Novozymes
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
