Specialty Food Ingredients Market is segmented by Type (Functional Food Ingredients, Specialty Starch and Texturants, Sweeteners, Flavors, Acidulants, Preservatives, Emulsifiers, Colorants, Enzymes, Culture, Proteins, Specialty Oils, and Yeast); by Application (Beverages, Sauces, Dressings, and Condiments, Bakery, Dairy, Confectionery, Dried Processed Food, Frozen/Chilled Processed Food, Sweet and Savory Snacks, and Other Applications); and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report offers market size and forecasts in value (USD million) for the above segments.
HomeIndustryReportsSpecialty Food Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecas ...
|Study Period:||2016 -2027|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The global specialty food ingredients market is projected to grow at a CAGR of 5.30% during the forecast period (2022-2027).
The COVID-19 pandemic disrupted the market growth in the initial few months of lockdowns. Even with the rising demand for specialty ingredients, key players and organizations across the globe reported their inability to battle logistical concerns. However, the market has been recovering, making the impact marginal over the past few months. The food & beverage sector continued to combat new daily challenges with significant supply chain disruption. Furthermore, the pandemic also resulted in the generation of opportunities for many private/local players to emerge in the market to cater to the inflated demand for food products, which, in turn, benefitted the ingredient manufacturer.
Over the medium term, the industry for specialty food ingredients essentially thrives on the wider technological and functional benefits that these ingredients confer in terms of high quality, safety, affordability, nutrition, and deliciousness of processed food products.
Moreover, the preference for certain food products is now core to some consumers’ identities, especially in developed economies, which drives the demand for specialty food ingredients. There is a strong correlation between the specialty food ingredient market and the processed food market, with the former conferring functional benefits and customized value-addition per the end-user applications. The globally recognized specialty food ingredient manufacturing companies utilize smart technology or intellectual property to develop innovative ingredients and solutions. However, new product development is a highly capital-intensive process.
Scope of the Report
Specialty food ingredients offer technological and/or functional benefits and are essential in providing today's consumers with a wide range of tasty, safe, healthy, affordable, qualitative, and sustainably produced food. The report on the global specialty food ingredient market (hereafter referred to as the market studied) offers critical insights into the latest developments. Based on the type of ingredient, the global specialty food ingredient market is segmented into Functional Food Ingredient, Specialty Starch and Texturants, Sweetener, Flavors, Acidulants, Preservative, Emulsifier, Colorants, Enzyme, Culture, Proteins, Specialty Oil, and Yeast. By application, the global specialty food ingredient market is segmented into Beverages, Sauces, Dressings, Condiments, Bakery, Dairy, Confectionery, Dried Processed Food, Frozen/Chilled Processed Food, Sweet and Savory Snacks, and Other Applications. Based on geography, the market is segmented as North America, South America, Europe, Asia-Pacific, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
|Functional Food Ingredient|
|Specialty Starch and Texturants|
|Sauces, Dressings, and Condiments|
|Dried Processed Food|
|Frozen/Chilled Processed Food|
|Sweet and Savory Snacks|
Report scope can becustomized per your requirements. Click here.
Key Market Trends
Growing Demand for Natural & Label-Friendly Food Colorants
With an increasing preference for clean label products, the demand for natural colorants is expected to increase exponentially during the forecast period. Although natural colors are safer, they have a few fictional issues, like consistency. This production of such colors involves high production costs and a lack of raw material availability. Natural colorants have varied applications in functional foods. Food colors find application in many processed foods, including candies, snack foods, margarine, cheese, soft drinks, jams/jellies, gelatins, pudding, and pie fillings. The industry's primary constraints are the high production cost, chemical instability due to fluctuating temperature/pH conditions, and increased regulations. Paprika is a natural food color that is ground and is made from chili peppers (capsicum). It is used as a garnish in many recipes to create vibrant colors. With increasing applications and demands, specialty ingredients manufacturers continue to innovate and offer new label-friendly products, ultimately boosting the market's growth.
To understand key trends, Download SampleReport
North America Holds the Largest Market Share
The market for specialty food ingredients in North America is driven by rising rates of diabetes and obesity, warning consumers to focus on healthier lifestyles and thus, fueling the demand for food products with functional & specialty ingredients. The American population is increasingly becoming health-conscious and thus increasing demand for healthy food products; therefore, manufacturers tend to launch products with specialty food ingredients. Specialty foods are outpacing their non-specialty counterparts in almost every category due to the rise in awareness regarding food quality. Thus, in 2020, IMCD Group announced the opening of its new United States headquarters in Westlake, Ohio, a suburb of Cleveland. The company debuts its new location to accommodate its expanding business and complement its global digitalization initiatives, serving its markets across the United States.
To understand geography trends, Download SampleReport
The global specialty food ingredients market is highly competitive and dominated by international players. Major players in the market include DuPont de Nemours Inc., Cargill Incorporated, Kerry Group, and Koninklijke DSM NV, among others. Product innovation and development is the most adopted strategy by the players operating in the market, followed by mergers & acquisitions and expansions for increasing their visibility and portfolio of offerings. Manufacturers focus on providing all-natural specialty ingredients that increase the product’s shelf-life and enable the manufacturer to label its products as “100% all-natural”, addressing consumer demand for “clean labels.”
Kerry Group PLC
International Flavors & Fragrances
Koninklijke DSM NV
DuPont de Nemours, Inc.
In 2021, Indian company Divi's Nutraceuticals launched "CaroNat," a naturally-sourced food ingredient intended for the dark yellow to the orange coloration of various food and beverage products, including the application in the dairy industry. CaroNat is an organic food colorant made from concentrated carrot juice, contains a good amount of beta-carotene, is free-from artificial colors, and is vegan & vegetarian.
In 2021, International Flavors & Fragrances announced the completion of its merger with DuPont's Nutrition & Biosciences Business. With the merger and the combined portfolio, the company is expected to have leadership positions in high-value ingredients and solutions for the Food & Beverage, Home & Personal Care, and Health & Wellness markets.
In 2020, Cargill Inc. launched a specialty and label-friendly sweetener, C✩TruSweet 01795, with 30% sugar and calorie reduction in beverages and various other food applications for the European market.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Functional Food Ingredient
5.1.2 Specialty Starch and Texturants
5.1.12 Speciality Oils
5.2 By Application
5.2.2 Sauces, Dressings, and Condiments
5.2.6 Dried Processed Food
5.2.7 Frozen/Chilled Processed Food
5.2.8 Sweet and Savory Snacks
5.2.9 Other Applications
5.3.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle East & Africa
22.214.171.124 South Africa
126.96.36.199 Saudi Arabia
188.8.131.52 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
6.4.1 Cargill Incorporated
6.4.2 International Flavors & Fragrances (IFF)
6.4.3 Tate & Lyle PLC
6.4.4 Kerry Group
6.4.5 Archer Daniels Midland Company
6.4.6 Koninklijke DSM NV
6.4.7 Ingredion Incorporated
6.4.8 Sensient Technologies
6.4.9 Axiom Foods Inc.
6.4.10 Novozymes A/S
*List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. COVID-19 IMPACT ON THE MARKET
**Subject to Availability
Frequently Asked Questions
What is the study period of this market?
The Specialty Food Ingredients Market market is studied from 2016 - 2027.
What is the growth rate of Specialty Food Ingredients Market?
The Specialty Food Ingredients Market is growing at a CAGR of 5.3% over the next 5 years.
Which region has highest growth rate in Specialty Food Ingredients Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Specialty Food Ingredients Market?
North America holds highest share in 2021.
Who are the key players in Specialty Food Ingredients Market?
Cargill, Incorporated, Kerry Group PLC, International Flavors & Fragrances, Koninklijke DSM NV, DuPont de Nemours, Inc. are the major companies operating in Specialty Food Ingredients Market.
- Food Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
- Global Feed Pigments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
- Sports Medicine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
- Food Acidulants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
- Pet Food Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
- Global Yeast and Yeast Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
- Food Spreads Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
- Bakery Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
- Europe Specialty Food Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
80% of our clients seek made-to-order reports. How do youwant us to tailor yours?
Thank you for your Purchase. Your payment is successful. The Report will be delivered in 24 - 72 hours. Our sales representative will reach you shortly with the details.
Please be sure to check your spam folder too.
"Sorry! Payment Failed. Please check with your bank for further details."