The latest report by IMARC Group, titled “Specialty Food Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the specialty food ingredients market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global specialty food ingredients market size reached US$ 76.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Get a Sample Copy of the Report at – https://www.imarcgroup.com/specialty-food-ingredients-market/requestsample
Market Overview:
Specialty food ingredients are specific components added to foods to enhance their taste, texture, shelf life, and nutritional content. These include flavors, colors, emulsifiers, preservatives, sweeteners, and other vital elements that enrich the overall food quality. These ingredients cater to a wide array of food and beverage applications, ranging from bakery, dairy, meat, seafood to confectionery and beverages, and play a pivotal role in maintaining the sensory attributes of the products.
They are designed with specialized properties and functions and cater to the modern consumer’s evolving preferences and dietary needs. As part of the broader food industry, specialty food ingredients are integral to delivering innovative food products that balance health, convenience, and taste while ensuring food safety and extending shelf-life.
Global Specialty Food Ingredients Market Trends:
The changing dietary habits of consumers majorly drive the global market. This can be supported by the rising health consciousness among consumers propelling the demand for food products with enhanced nutritional values, driving the need for specialty ingredients. Along with this, the rapidly expanding processed food industry, fuelled by the growing demand for convenience foods due to hectic lifestyles, has significantly influenced the market. In addition, advancements in food technology and the innovation of novel ingredients are also shaping the market landscape.
Apart from this, the increasing trend towards clean label and organic food products is another compelling factor, leading manufacturers to invest in research and development to create natural and organic specialty food ingredients. In confluence with this, stringent regulations regarding food safety and quality are encouraging companies to use specialty ingredients that adhere to international food safety standards, thereby driving the market. Furthermore, the advent of personalized nutrition is encouraging the use of specific ingredients tailored to individual dietary requirements, further creating a positive market outlook.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/specialty-food-ingredients-market
Key Players in the Specialty Food Ingredients Industry
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Archer Daniels Midland Company
- Associated British Foods Plc
- Cargill Incorporated
- Chr. Hansen Holding A/S
- DuPont de Nemours Inc.
- Givaudan
- Ingredion Incorporated
- Kerry Group plc
- Koninklijke DSM N.V.
- Sensient Technologies Corporation
- Tate & Lyle plc.
Market Segmentation:
Breakup by Product Type:
- Specialty Sensory Ingredients
- Enzymes
- Emulsifiers
- Flavors
- Colorants
- Others
- Specialty Functional Ingredients
- Vitamins
- Minerals
- Antioxidants
- Preservatives
- Others
Breakup by Source:
- Natural
- Synthetic
Breakup by Application:
- Beverages
- Bakery and Confectionery
- Dairy Products
- Processed Foods
- Meat Products
- Savory and Sweet Snacks
- Others
Breakup by Distribution Channel:
- Distributors
- Manufacturers
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800