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 Size. 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. Specialty food ingredients are added to improve the color, taste, texture, and overall quality of the food products. They range from macro ingredients, including fibers, carbohydrates and fats, to micro-ingredients such as minerals, vitamins, and enzymes. These ingredients include colors, preservatives, and flavor enhancers, emulsifiers and enzymes.
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Global Specialty Food Ingredients Market Trends:
The global specialty food ingredients market is primarily driven by the increasing penetration of packaged and convenience food items. Besides this, individuals are incorporating specialty food ingredients like dietary fibers and antioxidants into bakery and dairy products, jams, meats, and soups as they help modify the textural properties and stabilize high-fat emulsions. Furthermore, with the growing prevalence of chronic diseases, consumers are shifting toward a healthier lifestyle. This has escalated the demand for healthy, natural, plant-based specialty food ingredients. Moreover, several manufacturers are introducing innovative products with clean label ingredients to broaden their production base. These factors are expected to influence the market growth in the upcoming years.
Global Specialty Food Ingredients Market 2023-2028 Analysis and Segmentation:
Competitive Landscape With Key Players:
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.
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: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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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.
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