Specialty Food Ingredients Market
Global Specialty Food Ingredients Market Size, Share & Trends Analysis Report by Type (Food Colors, Emulsifiers, Food Flavors, F&B Starter Cultures, Preservatives, Functional Food Ingredients, and Sugar Substitutes), and by Application (Beverages, Food, and Dried Processed Food) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global specialty food ingredients market is anticipated to grow at a significant CAGR of 5.9% during the forecast period. Poor diet and limited access to nutritious foods are the key factors that lack crucial micronutrients for human development such as iron, folic acid, vitamin A, and iodine. The increasing health awareness across the globe is the rising demand for fortified food consumption during the forecast period. Food fortification is a proven, sustainable, cost-effective, and high-impact solution to address micronutrient deficiencies. The players are improving people’s health by fortifying foods with key micronutrients which is propelling the growth of the market. For instance, in March 2021, NuShakti launched home food fortification products in Kerala. The company has chosen to fortify staples such as rice and atta as these foods are generally consumed twice a day across India. Additionally, to address the nutritional gap in Kerala, the company launched a broad range of home food fortifiers in the state, intending to expand its reach across the country, in 2021. The products are formulated with essential vitamins and minerals to meet the nutritional needs of urban and rural consumers who are in pursuit of better nutrition and healthier lifestyles.
Impact of COVID-19 Pandemic on Global Specialty Food Ingredients Market
The COVID-19 pandemic also impacted consumer behavior along with other industries. During the pandemic, people’s, physical movement was restricted outside and the supply chain across the globe was badly disrupted. The growing health awareness is also helping to expand the definition of clean-label products. Consumers are more focused on personal health and are trying to consume natural and clean-label products, which is further growing the specialty food ingredients market during the forecast period.
Segmental Outlook
The global specialty food ingredients market is segmented based on type and application. Based on the type, the market is segmented into food colors, emulsifiers, food flavors, F&B starter cultures, preservatives, functional food ingredients, and sugar substitutes. Based on the application, the market is sub-segmented into beverages, food, and dried processed food. The food segment is further augmented into dairy products, bakery, confectionery, meat & poultry. The above-mentioned segments can be customized as per the requirements. The bakery segment is expected to hold a considerable share of the market as flavorings are used to enhance, add to or change the taste of the base product.
Global Specialty Food Ingredients Market Share by Type, 2021 (%)
The Food Segment is Expected to Hold a Significant Share in the Global Specialty Food Ingredients Market
Among the application segment, the food segment is expected to hold a significant share in the market during the forecast period. The growing demand for ready-to-eat items is demanding preservatives to avoid spoilage which is fueling the growth of the segment. Chemical food preservatives are widely used in the food industry and are invariably cheap ingredients that are effective against a wide range of spoilage organisms. Chemical food preservatives include compounds such as sodium benzoate, benzoic acid, nitrites, sulfites, sodium sorbate, and potassium sorbate.
Regional Outlooks
The global specialty food ingredients market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Europe segment is expected to hold a considerable share in the market during the forecast period. The countries such as France and Italy import special ingredients in large numbers which will drive the region’s growth.
Global Specialty Food Ingredients Market Growth, by Region 2022-2028
The North America Region is Expected to Hold a Significant Share in the Global Specialty Food Ingredients Market
The North American region is expected to hold a significant share in the market during the forecast period. With the increasing rate of obesity and other chronic diseases, consumers in the region are highly concerned for their health, and the Intake of sugar substitutes in the region is highly mature. Consumers in the region are demanding a variety of low-calorie products as they strive to make healthier food choices. The growing health awareness has increased the demand for food products that support better health and will boost market growth during the forecast period.
Market Players Outlook
The major companies serving the global specialty food ingredients market include Archer Daniels Midland Co., Axiom Food Inc., Biocatalysts Ltd., DuPont de Numerous, Inc., Enzyme Supplies Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Divi’s Nutraceuticals, an Indian-based company launched CaroNat, a naturally sourced food ingredient intended for the dark yellow to the orange coloration of a variety of foods and beverages including the dairy industry. CaroNat contains only plant-based ingredients and allows claims such as no artificial color, vegetarian, and vegan. The company said CaroNatis suitable for applications such as beverages, instant drinks, yogurt, gummy candies, cakes, puddings, frozen desserts, and more.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global specialty food ingredients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Specialty Food Ingredients Market
• Recovery Scenario of Global Specialty Food Ingredients Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Specialty Food Ingredients Market by Type
4.1.1. Food Colors
4.1.2. Emusifiers
4.1.3. Food Flavors
4.1.4. F&B Starter Cultures
4.1.5. Preservatives
4.1.6. Functional Food Ingredients
4.1.7. Sugar Substitutes
4.2. Global Specialty Food Ingredients Market by Application
4.2.1. Beverages
4.2.2. Food
4.2.2.1. Dairy Products
4.2.2.2. Bakery
4.2.2.3. Confectionery
4.2.2.4. Meat & Poultry
4.2.3. Dried Processed Food
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amano Enzymes
6.2. Amco proteins Inc.
6.3. Aminola B.V.
6.4. Archer Daniels Midland Co.
6.5. Axiom Food Inc.
6.6. Biocatalysts Ltd.
6.7. Cargill Inc.
6.8. Chr. Hansen Holding A/S
6.9. Crespel & Dieters Gmbh & Co. KG
6.10. DuPont de Numerous, Inc.
6.11. Enzyme Supplies Ltd.
6.12. FDL Ltd.
6.13. Givaudan International SA
6.14. Ingredion Inc.
6.15. International Flavors & Fragnances Inc.
6.16. Koninklijke DSM NV
6.17. Kerry Group Plc
6.18. Nutriati
6.19. Omega Protein Corp.
6.20. Sensient Technologies Corp.
6.21. Tate & Lyle Plc ?
1. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL FOOD COLORS IN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL EMULSIFIERS IN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FOOD FLAVORS IN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL F&B STARTER CULTURES IN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PRESERVATIVES IN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL FUNCTIONAL FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL SUGAR SUBSTITUTES IN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10. GLOBAL SPECIALTY FOOD INGREDIENTS FOR BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL SPECIALTY FOOD INGREDIENTS FOR FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL SPECIALTY FOOD INGREDIENTS FOR DRIED PROCESSED FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. EUROPEAN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. REST OF THE WORLD SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD SPECIALTY FOOD INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SPECIALTY FOOD INGREDIENTS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SPECIALTY FOOD INGREDIENTS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL SPECIALTY FOOD INGREDIENTS MARKET, 2021-2028 (%)
4. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL FOOD COLORS IN SPECIALTY FOOD INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL EMULSIFIERS IN SPECIALTY FOOD INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL FOOD FLAVORS IN SPECIALTY FOOD INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL F&B STARTER CULTURES IN SPECIALTY FOOD INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PRESERVATIVES IN SPECIALTY FOOD INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL FUNCTIONAL FOOD INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL SUGAR SUBSTITUTES IN SPECIALTY FOOD INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
13. GLOBAL SPECIALTY FOOD INGREDIENTS FOR BEVERAGES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL SPECIALTY FOOD INGREDIENTS FOR FOOD MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL SPECIALTY FOOD INGREDIENTS FOR DAIRY PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL SPECIALTY FOOD INGREDIENTS FOR BAKERY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL SPECIALTY FOOD INGREDIENTS FOR CONFECTIONERY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL SPECIALTY FOOD INGREDIENTS FOR MEAT & POULTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL SPECIALTY FOOD INGREDIENTS FOR DRIED PROCESSED MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. US SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
22. CANADA SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
23. UK SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
24. FRANCE SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
25. GERMANY SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
26. ITALY SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
27. SPAIN SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF EUROPE SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
29. INDIA SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
30. CHINA SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
31. JAPAN SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
32. SOUTH KOREA SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF ASIA-PACIFIC SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD SPECIALTY FOOD INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
