Market Overview:
The global specialty ingredients market is expected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for functional and sensory products across different applications. Based on type, the global specialty ingredients market is segmented into sensory products, functional products, active products, and inactive products. The active product segment is projected to grow at a higher CAGR during the forecast period as compared to other segments. This growth can be attributed to the increasing demand for health supplements and nutraceuticals across different regions. In terms of application, food and beverage accounted for majority of the share in 2017; however, pharmaceutical is projected to grow at a higher CAGR from 2018-2030 owing to rising awareness about preventive healthcare among consumers worldwide.
Product Definition:
A specialty ingredient is an additive that is used to improve the quality or flavor of a food product. Specialty ingredients are important because they can enhance the flavor and texture of a food product, making it more appealing to consumers.
Sensory Products (Food and Beverage):
Sensory products are the food and beverage items that have aroma or taste. Sensory ingredients can be natural or artificial in nature. Natural sensory ingredients include essential oils, extracts, flavors and fragrances whereas artificial sensory ingredients include alcohols, esters and ketones.
Functional Products (Food and Beverage):
Functional products (food and beverage) are those ingredients which have a function other than just taste improvement. They may help to improve health, reduce the amount of waste or add value to the final product.
The global functional products (food and beverage) market size was estimated at USD 25,867.1 million in 2016.
Application Insights:
The food and beverage application segment held the largest market share in 2017. This is attributed to the growing demand for functional foods, which improve health and wellness. Specialty ingredients are widely used in beverages including juices, energy drinks, soft drinks (carbonated & non-carbonated), tea beverages, coffee creameries and milk powders among others.
Functional products such as snacks & cereals also contain specialty ingredients that help enhance nutrition value along with improving taste. These ingredients provide various health benefits along with improved digestive comfort due to their fiber content in oatmeal porridge mix or bran flakes for instance.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for approximately 40% of global consumption of specialty ingredients. Factors such as low manufacturing costs, availability of cheap labor, abundant raw material supply and proximity to markets are driving manufacturers in Asia Pacific to set up their production facilities resulting in high demand for specialty ingredients.
The food & beverage industry is one of the fastest growing industries across Asia Pacific due to increasing consumer spending on food products with enhanced taste and nutritional content coupled with rising awareness regarding health issues associated with processed foods. This factor is anticipated to have a positive impact on market growth over the forecast period.
Europe accounted for more than 20% share in 2016 owing to stringent regulations by European Commission (EC) regarding synthetic additives usage along with favorable government policies promoting innovation through patents & trademarks which has resulted into high demand from personal care sector leading Europe being second after North America as far as consumption goes i n this space).
Growth Factors:
- Increasing demand from the food and beverage industry for specialty ingredients that improve taste, texture, and appearance of products.
- Growing popularity of functional foods and beverages that offer health benefits such as weight management, improved digestion, etc.
- Rising consumer awareness about the importance of healthy eating habits and the potential benefits of specialty ingredients in their diet.
- Proliferation of new product launches by food manufacturers featuring specialty ingredients as key components.
- Increasing R&D investments by ingredient suppliers to develop innovative products that cater to specific needs of different industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Ingredients Market Research Report
By Type
Sensory Products (Food and Beverage), Functional Products (Food and Beverage), Active Products (Pharmaceutical), Inactive Products (Pharmaceutical), Active Ingredients (Personal Care), Inactive Ingredients (Personal Care)
By Application
Food and Beverage, Pharmaceutical, Personal Care, Animal feed, Others
By Companies
Naturex, Frutarom, Eli Fried, KF Specialty Ingredients, Ingredion, Associated British Foods, Kerry Group, Agropur, Ashland, Archer Daniels Midland, DowDuPont, Inolex, Wild Flavors, Vantage Specialty Ingredients, Royal DSM, Diana Group SA, Midland, St. Louis Food Ingredients, Additive Solutions, CK Ingredients, Vantage Specialty Ingredients, ADM, Cargill, Givaudan Flavors, BASF, Symrise, Novozymes, Takasago, Tate & Lyle
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Ingredients Market Report Segments:
The global Specialty Ingredients market is segmented on the basis of:
Types
Sensory Products (Food and Beverage), Functional Products (Food and Beverage), Active Products (Pharmaceutical), Inactive Products (Pharmaceutical), Active Ingredients (Personal Care), Inactive Ingredients (Personal Care)
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
Food and Beverage, Pharmaceutical, Personal Care, Animal feed, 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:
- Naturex
- Frutarom
- Eli Fried
- KF Specialty Ingredients
- Ingredion
- Associated British Foods
- Kerry Group
- Agropur
- Ashland
- Archer Daniels Midland
- DowDuPont
- Inolex
- Wild Flavors
- Vantage Specialty Ingredients
- Royal DSM
- Diana Group SA
- Midland
- St. Louis Food Ingredients
- Additive Solutions
- CK Ingredients
- Vantage Specialty Ingredients
- ADM
- Cargill
- Givaudan Flavors
- BASF
- Symrise
- Novozymes
- Takasago
- Tate & Lyle
Highlights of The Specialty 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:
- Sensory Products (Food and Beverage)
- Functional Products (Food and Beverage)
- Active Products (Pharmaceutical)
- Inactive Products (Pharmaceutical)
- Active Ingredients (Personal Care)
- Inactive Ingredients (Personal Care)
- By Application:
- Food and Beverage
- Pharmaceutical
- Personal Care
- Animal feed
- 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 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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- Consumer Insights
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- 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 ingredients are those that are not typically found in food products, but can add unique flavor or texture to a recipe. For example, some specialty ingredients might be spices like cinnamon or ginger, herbs like rosemary or thyme, or fruit juices like cranberry juice.
Some of the key players operating in the specialty ingredients market are Naturex, Frutarom, Eli Fried, KF Specialty Ingredients, Ingredion, Associated British Foods, Kerry Group, Agropur, Ashland, Archer Daniels Midland, DowDuPont, Inolex, Wild Flavors, Vantage Specialty Ingredients, Royal DSM, Diana Group SA, Midland, St. Louis Food Ingredients, Additive Solutions, CK Ingredients, Vantage Specialty Ingredients, ADM, Cargill, Givaudan Flavors, BASF, Symrise, Novozymes, Takasago, Tate & Lyle.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty 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 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 Ingredients Market - Supply Chain
4.5. Global Specialty Ingredients Market Forecast
4.5.1. Specialty Ingredients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Ingredients Market Size (000 Units) and Y-o-Y Growth
4.5.3. Specialty Ingredients Market Absolute $ Opportunity
5. Global Specialty 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 Ingredients Market Size and Volume Forecast by Type
5.3.1. Sensory Products (Food and Beverage)
5.3.2. Functional Products (Food and Beverage)
5.3.3. Active Products (Pharmaceutical)
5.3.4. Inactive Products (Pharmaceutical)
5.3.5. Active Ingredients (Personal Care)
5.3.6. Inactive Ingredients (Personal Care)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Specialty 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 Ingredients Market Size and Volume Forecast by Application
6.3.1. Food and Beverage
6.3.2. Pharmaceutical
6.3.3. Personal Care
6.3.4. Animal feed
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Specialty 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 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 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 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 Ingredients Demand Share Forecast, 2019-2026
9. North America Specialty 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 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 Ingredients Market Size and Volume Forecast by Application
9.4.1. Food and Beverage
9.4.2. Pharmaceutical
9.4.3. Personal Care
9.4.4. Animal feed
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Specialty Ingredients Market Size and Volume Forecast by Type
9.7.1. Sensory Products (Food and Beverage)
9.7.2. Functional Products (Food and Beverage)
9.7.3. Active Products (Pharmaceutical)
9.7.4. Inactive Products (Pharmaceutical)
9.7.5. Active Ingredients (Personal Care)
9.7.6. Inactive Ingredients (Personal Care)
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 Ingredients Demand Share Forecast, 2019-2026
10. Latin America Specialty 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 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 Ingredients Market Size and Volume Forecast by Application
10.4.1. Food and Beverage
10.4.2. Pharmaceutical
10.4.3. Personal Care
10.4.4. Animal feed
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Specialty Ingredients Market Size and Volume Forecast by Type
10.7.1. Sensory Products (Food and Beverage)
10.7.2. Functional Products (Food and Beverage)
10.7.3. Active Products (Pharmaceutical)
10.7.4. Inactive Products (Pharmaceutical)
10.7.5. Active Ingredients (Personal Care)
10.7.6. Inactive Ingredients (Personal Care)
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 Ingredients Demand Share Forecast, 2019-2026
11. Europe Specialty 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 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 Ingredients Market Size and Volume Forecast by Application
11.4.1. Food and Beverage
11.4.2. Pharmaceutical
11.4.3. Personal Care
11.4.4. Animal feed
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Specialty Ingredients Market Size and Volume Forecast by Type
11.7.1. Sensory Products (Food and Beverage)
11.7.2. Functional Products (Food and Beverage)
11.7.3. Active Products (Pharmaceutical)
11.7.4. Inactive Products (Pharmaceutical)
11.7.5. Active Ingredients (Personal Care)
11.7.6. Inactive Ingredients (Personal Care)
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 Ingredients Demand Share, 2019-2026
12. Asia Pacific Specialty 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 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 Ingredients Market Size and Volume Forecast by Application
12.4.1. Food and Beverage
12.4.2. Pharmaceutical
12.4.3. Personal Care
12.4.4. Animal feed
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Specialty Ingredients Market Size and Volume Forecast by Type
12.7.1. Sensory Products (Food and Beverage)
12.7.2. Functional Products (Food and Beverage)
12.7.3. Active Products (Pharmaceutical)
12.7.4. Inactive Products (Pharmaceutical)
12.7.5. Active Ingredients (Personal Care)
12.7.6. Inactive Ingredients (Personal Care)
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 Ingredients Demand Share, 2019-2026
13. Middle East & Africa Specialty 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 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 Ingredients Market Size and Volume Forecast by Application
13.4.1. Food and Beverage
13.4.2. Pharmaceutical
13.4.3. Personal Care
13.4.4. Animal feed
13.4.5. 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 Ingredients Market Size and Volume Forecast by Type
13.7.1. Sensory Products (Food and Beverage)
13.7.2. Functional Products (Food and Beverage)
13.7.3. Active Products (Pharmaceutical)
13.7.4. Inactive Products (Pharmaceutical)
13.7.5. Active Ingredients (Personal Care)
13.7.6. Inactive Ingredients (Personal Care)
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 Ingredients Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Specialty Ingredients Market: Market Share Analysis
14.2. Specialty Ingredients Distributors and Customers
14.3. Specialty Ingredients Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Naturex
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Frutarom
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eli Fried
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KF Specialty Ingredients
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ingredion
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Associated British Foods
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kerry Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Agropur
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ashland
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Archer Daniels Midland
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DowDuPont
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Inolex
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Wild Flavors
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Vantage Specialty Ingredients
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Royal DSM
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Diana Group SA
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Midland
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. St. Louis Food Ingredients
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Additive Solutions
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. CK Ingredients
14.4.20.1. Overview
14.4.20.2. Financials
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