Specialty Food Ingredients Market 2022-2028

Description

List of Tables

Title:Global Specialty Food Ingredients Market Size, Share & Trends Analysis Report by Type (Food Colors, Emulsifiers, Food Flavors, F&B Starter Cultures, Preservatives, Functional Food Ingredients, and Sugar Substitutes), and by Application (Beverages, Food, and Dried Processed Food) Forecast Period (2022-2028).

The global specialty food ingredients market is anticipated to grow at a substantial CAGR of 5.9 % during the forecast period. The growing consumer preferences for clean-label products across the globe are driving the growth of the market. Nowadays, consumers are highly concerned about ingredients and they will not buy a product that contains certain ingredients in them. According to the Institute of Food Technologists, the sales of clean-label ingredients such as natural colors and flavors, starch and sweeteners, fruit and vegetable ingredients, flours, and others will grow from $38.8 billion in 2021 to $64.1 billion in 2026.

The global specialty food ingredients market is segmented based on type and application. Based on the type, the market is segmented into food colors, emulsifiers, food flavors, F&B starter cultures, preservatives, functional food ingredients, and sugar substitutes. Based on the application, the market is sub-segmented into beverages, food, and dried processed food. The food segment is further augmented into dairy products, bakery, confectionery, meat & poultry. The above-mentioned segments can be customized as per the requirements. Among the type, the functional food segment is expected to hold a prominent share in the market during the forecast period. Nowadays, consumers are looking for customizable foods, beverages, and other dietary solutions that will help them to achieve more nutrition and personal health goals. Moreover, functional foods are becoming more influential in food service and are enriched with high-protein and nutrition which will drive the growth of the market during the forecast period.

Geographically the global specialty food ingredients market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to be the fastest-growing region of all regions. The increasing disposable income along with the rising population in countries such as India and China is driving the growth of the market during the forecast period. To prevent multiple health issues, the demand for vitamins, minerals, proteins, and other dietary supplements is growing in the market.

The major companies serving the global specialty food ingredients market include Archer Daniels Midland Co., Axiom Food Inc., Biocatalysts Ltd., DuPont de Numerous, Inc., Enzyme Supplies Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2020, Givaudan, a manufacturer of fragrances and flavors, completed the acquisition of Ungerer & Co., the US-based flavor, fragrance, and specialty ingredients company.

Research Methodology

The market study of the global specialty food ingredients market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Specialty Food Ingredients Market Research and Analysis by Type.
Global Specialty Food Ingredients Market Research and Analysis by Application.

The Report Covers:

Comprehensive research methodology of the global specialty food ingredients market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global specialty food ingredients market.
Insights about market determinants that are stimulating the global specialty food ingredients market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026657

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Specialty Food Ingredients Market
Recovery Scenario of Global Specialty Food Ingredients Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Specialty Food Ingredients Market by Type
- 4.1.1. Food Colors
- 4.1.2. Emusifiers
- 4.1.3. Food Flavors
- 4.1.4. F&B Starter Cultures
- 4.1.5. Preservatives
- 4.1.6. Functional Food Ingredients
- 4.1.7. Sugar Substitutes
4.2. Global Specialty Food Ingredients Market by Application
- 4.2.1. Beverages
- 4.2.2. Food
  - 4.2.2.1. Dairy Products
  - 4.2.2.2. Bakery
  - 4.2.2.3. Confectionery
  - 4.2.2.4. Meat & Poultry
- 4.2.3. Dried Processed Food

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Amano Enzymes
6.2. Amco proteins Inc.
6.3. Aminola B.V.
6.4. Archer Daniels Midland Co.
6.5. Axiom Food Inc.
6.6. Biocatalysts Ltd.
6.7. Cargill Inc.
6.8. Chr. Hansen Holding A/S
6.9. Crespel & Dieters Gmbh & Co. KG
6.10. DuPont de Numerous, Inc.
6.11. Enzyme Supplies Ltd.
6.12. FDL Ltd.
6.13. Givaudan International SA
6.14. Ingredion Inc.
6.15. International Flavors & Fragnances Inc.
6.16. Koninklijke DSM NV
6.17. Kerry Group Plc
6.18. Nutriati
6.19. Omega Protein Corp.
6.20. Sensient Technologies Corp.
6.21. Tate & Lyle Plc