Global Specialty Food Ingredients Market 2023

  • Report Code : GCC1009139
  • Pages : 25
  • Published On : Sep 2023
  • Industry : Agriculture, Food and Beverages
  • Format :

Choose License Type

Single User License: US$ 1,875
Multi User License: US$ 2,810
Corporate User License: US$ 3,750
Description
The Specialty Food Ingredients Market is expected to grow from USD 108.8 billion to USD 135.5 billion with a CAGR of 3.7% from 2023 to 2029. These ingredients provide advanced and functional food options, contributing to safe, affordable, high-quality, and sustainable food products. Factors driving demand include the popularity of ready-to-cook and ready-to-eat products, leading to a global demand for preservatives. Consumer preferences and identities also influence demand, particularly in developed economies. Industry leaders use technology and intellectual property to develop innovative ingredients, but new product development requires significant investment. Overall, the Specialty Food Ingredients Market is poised for growth due to its technological advantages and functional benefits in terms of food quality, safety, affordability, nutrition, and taste.

Market Segmentation
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product type, application, and geography.
Product type: acidulants, colorants, cultures, emulsifiers, enzymes, food flavors and enhancers, food hydrocolloids, functional food ingredients, preservatives, proteins (plant and animal protein), specialty fats and oils, specialty starches and texturants, sweeteners and sugar substitutes, yeasts, others (food-grade glycerin, anti-caking agents)
Application: bakery products, beverages, confectionery, dairy products, fats and oils, meat, poultry and seafood, pasta, soup and noodles, plant-based food & beverages, prepared meals, sauces, dressings, and condiments, others
Geography: North America (United States, Canada, Mexico, and Rest of North America), Europe (United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), and Middle East and Africa (United Arab Emirates, South Africa, and Rest of Middle East and Africa)

Functional food ingredients are a major segment in the food industry. Manufacturers fortify their products with vitamins, probiotics, minerals, and more. The demand for fortified food and beverages is increasing, driven by consumers' preference for natural beverages. This boosts the demand for specialty ingredients in the beverage industry. Fortified foods enhance nutritional value and address nutrient deficiencies, creating opportunities for manufacturers. Consumers seek specific healthy ingredients like fiber, protein, vitamins, minerals, and probiotics. Fiber-rich products are popular due to perceived health benefits. Manufacturers adapt production processes to incorporate organic and fortified additives. These additives find use in vegan food, dressings, and ready meals. Manufacturers reformulate products to align with the demand for natural ingredients. In October 2022, Roquette introduced organic pea ingredients for non-dairy and alternative meat products, meeting the demand for healthy and sustainable food.

North America leads the specialty food ingredients market due to consumer preference for natural, clean-label, and organic products. The region's high prevalence of chronic health issues and the adoption of healthier lifestyles drive demand for food with functional and specialty ingredients. Specialty foods outperform non-specialty foods in various categories, fueled by the fortified food trend. The Canadian food specialty ingredients industry has potential, especially in bakery, confectionery, and beverages. The rise of veganism in Europe and North America provides opportunities for food manufacturers. Market players establish strategic partnerships with food manufacturers to supply ingredients that meet consumer demand.

Competitive Landscape
The specialty food ingredients market is moderately fragmented, with key players including Cargill Incorporated, Kerry Group plc, and Koninklijke DSM N.V.. These players focus on product innovation and development to gain a competitive advantage. Mergers, acquisitions, and expansions are also common strategies to enhance visibility and expand product portfolios. Manufacturers prioritize offering all-natural specialty ingredients to meet the increasing demand for products with clean labels. International Flavors and Fragrances Inc. holds the largest market share, followed by Cargill Incorporated.

The report profiles key companies in the specialty food ingredients market, including Ajinomoto Co., Inc., Ashland Inc., Associated British Foods plc, Axiom Foods Inc., BASF SE, Cargill Incorporated, Chr. Hansen A/S, Firmenich SA, Ingredion Incorporated, International Flavors and Fragrance Inc., Kemin Industries, Inc., Kerry Group plc, Koninklijke DSM N.V., Mitsubishi International Food Ingredients Inc., Novozymes A/S, Roquette Freres SA, Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, Tate & Lyle PLC, The Archer-Daniels-Midland Company, among others.

Recent Industry Developments
In November 2022, Tate & Lyle launched Erytesse erythritol, a new sweetener, to meet consumer demand for healthier, reduced-sugar products. The company expanded its capabilities through a strategic partnership distribution agreement with a prominent erythritol supplier.

In October 2022, International Flavors and Fragrance Inc. (IFF) invested USD 30 million to expand its presence in Singapore. The new Singapore innovation center encompasses the Nourish, Health & Biosciences, Scent, and Pharma Solutions divisions, making it the largest IFF facility in the region, covering an area of nearly 11,000 square meters.

In September 2022, Royal DSM agreed to acquire First Choice Ingredients, a leading supplier of clean-label, fermented dairy and dairy-based savory flavorings, for a total enterprise value of USD 453 million. This acquisition enhances DSM's taste and functional solutions across various applications.

Scope of the Report
To analyze and forecast the market size of the global specialty food ingredients market.
To classify and forecast the global specialty food ingredients market based on product type, application, geography.
To identify drivers and challenges for the global specialty food ingredients market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global specialty food ingredients market.
To identify and analyze the profile of leading players operating in the global specialty food ingredients market.

Why Choose This Report
Gain a reliable outlook of the global specialty food ingredients market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
TABLE OF CONTENTS
FIGURES AND TABLES
PART 1. INTRODUCTION
1.1 Description
1.2 Objectives of The Study
1.3 Market Segment
1.4 Years Considered for The Report
1.5 Currency
1.6 Key Target Audience
PART 2. RESEARCH METHODOLOGY
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
PART 5. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET BY PRODUCT TYPE
5.1 Acidulants
5.2 Colorants
5.3 Cultures
5.4 Emulsifiers
5.5 Enzymes
5.6 Food flavors and enhancers
5.7 Food hydrocolloids
5.8 Functional food ingredients
5.9 Preservatives
5.10 Proteins (plant and animal protein)
5.11 Specialty fats and oils
5.12 Specialty starches and texturants
5.13 Sweeteners and sugar substitutes
5.14 Yeasts
5.15 Others (food-grade glycerin, anti-caking agents)
PART 6. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET BY APPLICATION
6.1 Bakery products
6.2 Beverages
6.3 Confectionery
6.4 Dairy products
6.5 Fats and oils
6.6 Meat, poultry and seafood
6.7 Pasta, soup and noodles
6.8 Plant-based food & beverages
6.9 Prepared meals
6.10 Sauces, dressings, and condiments
6.11 Others
PART 7. GLOBAL SPECIALTY FOOD INGREDIENTS MARKET BY GEOGRAPHY
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Latin America
7.5 Middle East and Africa
PART 8. COMPANY PROFILES
8.1 Ajinomoto Co., Inc.
8.2 Ashland Inc.
8.3 Associated British Foods plc
8.4 Axiom Foods Inc.
8.5 BASF SE
8.6 Cargill Incorporated
8.7 Chr. Hansen A/S
8.8 Firmenich SA
8.9 Ingredion Incorporated
8.10 International Flavors and Fragrance Inc.
8.11 Kemin Industries, Inc.
8.12 Kerry Group plc
8.13 Koninklijke DSM N.V.
8.14 Mitsubishi International Food Ingredients Inc.
8.15 Novozymes A/S
8.16 Roquette Freres SA
8.17 Sensient Technologies Corporation
8.18 Symrise AG
8.19 Takasago International Corporation
8.20 Tate & Lyle PLC
8.21 The Archer-Daniels-Midland Company
DISCLAIMER

Fast-food Management Software Market Size And Share Analysis - Growth Trends And Forecasts (2024-2031)...

The Fast-food Management Software Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manuf...

Asia Pacific Bio Vanillin Market Size, Share, Trends & Analysis by Source (Rice Bran, Wood, Others), by End Use (Bakery and Confectionery, Food Services Sector, Pharmaceuticals, Fragrances, Others) and Region, with Forecasts from 2024 to 2034....

Market Overview The Asia Pacific Bio Vanillin Market is expected to witness robust growth from 2024 to 2034, driven by increasing demand for natural flavoring agents and the rising popularity of bio-based products. The market is projected to reach USD XX.XX billion by 2034, growing at a...

Europe Bio Vanillin Market Size, Share, Trends & Analysis by Source (Rice Bran, Wood, Others), by End Use (Bakery and Confectionery, Food Services Sector, Pharmaceuticals, Fragrances, Others) and Region, with Forecasts from 2024 to 2034....

Market Overview The Europe Bio Vanillin Market is poised for significant growth from 2024 to 2034, driven by rising consumer preference for natural and sustainable food ingredients, stringent regulatory measures against synthetic additives, and increasing applications in diverse industr...

North America Bio Vanillin Market Size, Share, Trends & Analysis by Source (Rice Bran, Wood, Others), by End Use (Bakery and Confectionery, Food Services Sector, Pharmaceuticals, Fragrances, Others) and Region, with Forecasts from 2024 to 2034....

Market Overview The North America Bio Vanillin Market is projected to experience robust growth from 2024 to 2034, driven by the rising demand for natural and sustainable flavoring agents, increasing consumer preference for clean-label products, and expanding applications across various ...

Global Bio Vanillin Market Size, Share, Trends & Analysis by Source (Rice Bran, Wood, Others), by End Use (Bakery and Confectionery, Food Services Sector, Pharmaceuticals, Fragrances, Others) and Region, with Forecasts from 2024 to 2034....

Market Overview The Global Bio Vanillin Market is projected to witness substantial growth from 2024 to 2034, fueled by the increasing demand for natural and sustainable ingredients across food, pharmaceutical, and fragrance industries. Valued at USD XX.XX billion in 2024, the market is ...

Asia Pacific Safety Valves Market Size, Share, Trends & Analysis by Material (Steel, Alloy, Cast Iron, Cryogenic, Others), by Size (Less Than 1", 1" to 10", 11" to 20", 20' & Above), by End-user (Oil & Gas, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Others) and Region, with Forecasts from 2024 to 2034....

Market Overview The Asia Pacific Safety Valves Market is expected to witness substantial growth from 2024 to 2034, driven by increasing industrial activities and the rising demand for enhanced safety standards across key sectors. The market is projected to reach USD XX.XX billion by 203...

Europe Safety Valves Market Size, Share, Trends & Analysis by Material (Steel, Alloy, Cast Iron, Cryogenic, Others), by Size (Less Than 1", 1" to 10", 11" to 20", 20' & Above), by End-user (Oil & Gas, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Others) and Region, with Forecasts from 2024 to 2034....

Market Overview The Europe Safety Valves Market is projected to witness steady growth from 2024 to 2034, driven by rising demand across critical industries such as oil and gas, energy and power, and water treatment. With increased focus on safety and regulatory compliance, the market is...

North America Safety Valves Market Size, Share, Trends & Analysis by Material (Steel, Alloy, Cast Iron, Cryogenic, Others), by Size (Less Than 1", 1" to 10", 11" to 20", 20' & Above), by End-user (Oil & Gas, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Others) and Region, with Forecasts from 2024 to 2034....

Market Overview The North America Safety Valves Market is anticipated to grow significantly from 2024 to 2034, driven by increasing demand across key industries such as oil & gas, energy & power, and water & wastewater treatment. Projected to reach USD XXX.XX million by 2034 from USD XX...

Global Safety Valves Market Size, Share, Trends & Analysis by Material (Steel, Alloy, Cast Iron, Cryogenic, Others), by Size (Less Than 1", 1" to 10", 11" to 20", 20' & Above), by End-user (Oil & Gas, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Others) and Region, with Forecasts from 2024 to 2034....

Market Overview The Global Safety Valves Market is expected to grow significantly from 2024 to 2034, driven by rising demand across various industries including oil & gas, energy & power, and chemicals. In 2024, the market is valued at USD XX.XX billion, projected to reach USD XX.XX bil...

Food Chain Management Market Size And Share Analysis - Growth Trends And Forecasts (2024-2031)...

The Food Chain Management Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturers...