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Specialty Food Ingredients Market: Demand for specialty food ingredients in food processing industries to drive growth
The key factors driving the global specialty food ingredients market growth is the demand for specialty food ingredients in the food processing industries. With the rise in demand for convenience, ready-to-eat, and packaged foods, the demand for specialty food ingredients has also increased. While specialty food ingredients like preservatives and enzymes are used to increase the shelf life of food products, ingredients like color, flavors, starches, and others constitute the basic requirements for preparing processed food products. Yeast and other microbial cultures are highly used in the preparation of bakery products. The food processing industry is expanding owing to several factors like better economic conditions, an increase in demand for convenience foods, and others. Such factors are expected to boost the demand for specialty food ingredients across different application segments, which will positively impact the market in focus during the forecast period.
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Specialty Food Ingredients Market: Segmentation Analysis & Revenue Generating Segment
This market research report segments the specialty food ingredients market by Product (Nutraceutical Ingredients, Flavors, Specialty starches, Acidulants, and Others), Application (Bakery and confectionery, Beverages, Sauces and condiments, and Others), and Geography (North America, APAC, Europe, South America, and MEA).
The specialty food ingredients market share growth by the nutraceutical ingredients segment will be significant for revenue generation. The high demand for nutraceutical ingredients from a number of end-user industries, particularly food and beverage, owing to their health benefits, which aid in the prevention, diagnosis, and treatment of several chronic diseases such as obesity, cancer, high blood pressure, and diabetes will facilitate the growth in this segment.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Specialty Food Ingredients Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.60% |
Market growth 2021-2025 |
USD 41.36 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.60 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 28% |
Key consumer countries |
US, China, Germany, Japan, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Archer Daniels Midland Co., Cargill Inc., Chr. Hansen Holding AS, DuPont de Nemours Inc., Givaudan SA, Ingredion Inc., Kerry Group Plc, Koninklijke DSM NV, Sensient Technologies Corp., and Tate and Lyle Plc |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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