The growth of an approximately US$75 Bn specialty food ingredients market (as of 2021) revolves around the transforming consumer trends on of which is the mass shift toward natural, healthier ingredients.
Rising Inclination Toward Natural Colourants in Food and Beverages to Augment Specialty Food Ingredients Market Growth
Food industry has always reflected a dynamic scenario with growing developments in terms of food additives and components. Moreover, with growing health awareness, the consumption of functionally fortified food products is on the rise. This has paved potential opportunities for food manufacturers to innovate their products using natural additives such as specialty food ingredients. Consumer shift towards nutritional healthy food are demanding products with optimum balance of micro and macro ingredients from a diet standpoint. This is likely to drive the need for nutrition powered food products along with improved aesthetics, thus auguring well for the specialty food ingredients market.
Rising preference of clean label products has resulted in an increasing demand for organic or natural colourants. Natural colourants are obtained from different renewable sources and do not have adverse impact on human health. Colourants have been used in the food and beverage sector to impart necessary aesthetics that enhance the product’s appearance and attractiveness. They are widely used in different food products such as candies, margarine, soft drinks, jams and jellies, snacks, pudding, pie fillings, and other processed foods. In addition, natural food colours do not contain allergy-prone components and add nutritional value to the food product. For instance, beetroot acts as a natural colourant that provides pink tinge to the food apart from promoting healthy cardiovascular system as they are rich in nitrates. This has accelerated use of natural colourants in beverages and food items in turn complementing growth of the specialty food ingredients market.
Sensory Specialty Food Ingredients to Reflect a Volume and Value Upswing in Specialty Food Ingredients Market
Sales of sensory specialty food ingredients have been reflecting an upward trend since the past few years and are expected to maintain stability going forward. Sensory ingredients are crucial components that improve smell, taste, texture, and flavour of food products. Growing demand of these components in convenience and packaged food products and other confectioneries is expected to drive their sales, in turn accounting for a major revenue share in the specialty food ingredients market. Among different sensory ingredients, flavour imparting counterparts are likely to witness significant growth. Changing consumer preference apropos to flavour of food products has resulted in the development of new fresh taste imparting ingredients. Moreover, with growing inclination towards organic products, natural flavour imparting ingredients are in high demand. These aspects are likely to bode well for the sensory ingredient scenario, consequently contributing towards market growth.
North America Continues to Sketch Dominance in Global Specialty Food Ingredients Market
Developed nations in North America are poised to hold a significant share in the specialty food ingredients market. Increasing demand for specialty food ingredients is largely driven by growing rates of lifestyle disorders such as obesity, and diabetes. Increasing prevalence of these disorders has generated awareness among consumers to adopt healthier lifestyles by regulating their diets and including specialty ingredients such as functional food components, and protein. In addition, ready to eat and convenience food products have been trending in the region owing to busy lifestyles of individuals. This is expected to provide ample opportunities of growth with regards to inclusion of specialty food ingredients in convenience and packaged foods.
Furthermore, rising inclination towards gluten free, natural, and organic food has also embossed a positive influence on the demand for specialty food ingredients. In wake of this shift, the meat and poultry industry has been adopting appropriate quantity of specialty food ingredients to improve the nutrition value, offer a sufficient quantity of micros and macros that the human body requires and enhance overall food quality. These factors remain instrumental in driving the consumption of nutritional food, in turn paving potential avenues for specialty food ingredients market in North America.
Specialty Food Ingredients Market: Competition Scenario
Major players in the specialty food ingredients market have been adopting growth strategies such as mergers and acquisitions and new product launches to strengthen their position among competitors. For instance, in 2021, Divi’s Nutraceuticals introduced CaroNat. CaroNat is a specialty food ingredient that is naturally sourced and provides dark yellow to orange tinge in terms of colouration to various food products and beverages including the dairy industry. Likewise, in 2020, Cargill Inc. announced the launch of label friendly and specialty sweetener – C✩TruSweet 01795. This sweetener offers a 30% calorie and sugar reduction in beverages and is also used in several food applications particularly in the European market. In 2021, merger between DuPont’s Nutrition & Biosciences Business and International Flavours & Fragrances was concluded. With this strategy, International Flavours & Fragrances, with the combined product portfolio, can establish its leadership in high value specialty ingredients used in health and wellness food, personal care and food and beverage sectors.
Few of the major players in specialty food ingredients market include Cargill Incorporated, DuPont de Nemours Inc., International Flavours & Fragrances, Kerry Group PLC, Koninklijke DSM NV, ADM, Nutriati, Amco Proteins, Ingredion, Tate & Lyle, and Crespel & Dieters.
Regional Classification of the Global Specialty Food Ingredients Market is Listed Below:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Specialty Food Ingredients Market
Post Sale Support, Research Updates & Offerings
We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.
1. Executive Summary
1.1. Global Specialty Food Ingredients Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Global Food Ingredients – Market Overview
2.8. Technology Landscape
2.9. Product launches & Recent Developments
2.10. Economic Analysis
2.11. PESTLE
3. Production Output Statistics and Trade Policies
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
3.2. Trade (Import/Export) Policies
4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Ingredients
4.4. By Region
5. Global Specialty Food Ingredients Market Outlook, 2018 - 2030
5.1. Global Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Vitamins & Minerals
5.1.1.2. Colorants
5.1.1.3. Emulsifiers
5.1.1.4. Proteins
5.1.1.5. Preservatives
5.1.1.6. Flavours
5.1.1.7. Sweeteners
5.1.1.8. Acidulants
5.1.1.9. Cultures
5.1.1.10. Botanicals
5.1.1.11. Misc. (Cocoa Ingredients, etc.)
5.2. Global Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Bakery & Confectionaries
5.2.1.2. Beverages
5.2.1.3. Meat, Poultry & Seafood
5.2.1.4. Snacks
5.2.1.5. Dairy Products
5.2.1.6. Frozen Foods
5.2.1.7. Sauces, Dressings & Condiments
5.2.1.8. Misc. (Baby Food, etc.)
5.3. Global Specialty Food Ingredients Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Specialty Food Ingredients Market Outlook, 2018 - 2030
6.1. North America Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Vitamins & Minerals
6.1.1.2. Colorants
6.1.1.3. Emulsifiers
6.1.1.4. Proteins
6.1.1.5. Preservatives
6.1.1.6. Flavours
6.1.1.7. Sweeteners
6.1.1.8. Acidulants
6.1.1.9. Cultures
6.1.1.10. Botanicals
6.1.1.11. Misc. (Cocoa Ingredients, etc.)
6.2. North America Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Bakery & Confectionaries
6.2.1.2. Beverages
6.2.1.3. Meat, Poultry & Seafood
6.2.1.4. Snacks
6.2.1.5. Dairy Products
6.2.1.6. Frozen Foods
6.2.1.7. Sauces, Dressings & Condiments
6.2.1.8. Misc. (Baby Food, etc.)
6.3. North America Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Specialty Food Ingredients Market Outlook, 2018 - 2030
7.1. Europe Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Vitamins & Minerals
7.1.1.2. Colorants
7.1.1.3. Emulsifiers
7.1.1.4. Proteins
7.1.1.5. Preservatives
7.1.1.6. Flavours
7.1.1.7. Sweeteners
7.1.1.8. Acidulants
7.1.1.9. Cultures
7.1.1.10. Botanicals
7.1.1.11. Misc. (Cocoa Ingredients, etc.)
7.2. Europe Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Bakery & Confectionaries
7.2.1.2. Beverages
7.2.1.3. Meat, Poultry & Seafood
7.2.1.4. Snacks
7.2.1.5. Dairy Products
7.2.1.6. Frozen Foods
7.2.1.7. Sauces, Dressings & Condiments
7.2.1.8. Misc. (Baby Food, etc.)
7.3. Europe Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Turkey
7.3.1.7. Russia
7.3.1.8. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Specialty Food Ingredients Market Outlook, 2018 - 2030
8.1. Asia Pacific Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Vitamins & Minerals
8.1.1.2. Colorants
8.1.1.3. Emulsifiers
8.1.1.4. Proteins
8.1.1.5. Preservatives
8.1.1.6. Flavours
8.1.1.7. Sweeteners
8.1.1.8. Acidulants
8.1.1.9. Cultures
8.1.1.10. Botanicals
8.1.1.11. Misc. (Cocoa Ingredients, etc.)
8.2. Asia Pacific Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Bakery & Confectionaries
8.2.1.2. Beverages
8.2.1.3. Meat, Poultry & Seafood
8.2.1.4. Snacks
8.2.1.5. Dairy Products
8.2.1.6. Frozen Foods
8.2.1.7. Sauces, Dressings & Condiments
8.2.1.8. Misc. (Baby Food, etc.)
8.3. Asia Pacific Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Specialty Food Ingredients Market Outlook, 2018 - 2030
9.1. Latin America Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Vitamins & Minerals
9.1.1.2. Colorants
9.1.1.3. Emulsifiers
9.1.1.4. Proteins
9.1.1.5. Preservatives
9.1.1.6. Flavours
9.1.1.7. Sweeteners
9.1.1.8. Acidulants
9.1.1.9. Cultures
9.1.1.10. Botanicals
9.1.1.11. Misc. (Cocoa Ingredients, etc.)
9.2. Latin America Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Bakery & Confectionaries
9.2.1.2. Beverages
9.2.1.3. Meat, Poultry & Seafood
9.2.1.4. Snacks
9.2.1.5. Dairy Products
9.2.1.6. Frozen Foods
9.2.1.7. Sauces, Dressings & Condiments
9.2.1.8. Misc. (Baby Food, etc.)
9.3. Latin America Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Specialty Food Ingredients Market Outlook, 2018 - 2030
10.1. Middle East & Africa Specialty Food Ingredients Market Outlook, by Ingredients, Volume (Tons) and Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Vitamins & Minerals
10.1.1.2. Colorants
10.1.1.3. Emulsifiers
10.1.1.4. Proteins
10.1.1.5. Preservatives
10.1.1.6. Flavours
10.1.1.7. Sweeteners
10.1.1.8. Acidulants
10.1.1.9. Cultures
10.1.1.10. Botanicals
10.1.1.11. Misc. (Cocoa Ingredients, etc.)
10.2. Middle East & Africa Specialty Food Ingredients Market Outlook, by Applications, Volume (Tons) and Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Bakery & Confectionaries
10.2.1.2. Beverages
10.2.1.3. Meat, Poultry & Seafood
10.2.1.4. Snacks
10.2.1.5. Dairy Products
10.2.1.6. Frozen Foods
10.2.1.7. Sauces, Dressings & Condiments
10.2.1.8. Misc. (Baby Food, etc.)
10.3. Middle East & Africa Specialty Food Ingredients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Rest of Middle East & Africa
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. Cargill Incorporated
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
11.3.2. Archer Daniels Midland Co
11.3.3. Chr.Hansen Holding A/S
11.3.4. Kerry Group
11.3.5. Bunge Limited
11.3.6. Ingredion
11.3.7. DuPont
11.3.8. DSM N.V.
11.3.9. Ashland Inc.
11.3.10. Sensient Technologies Corporation
11.3.11. Tate & Lyle
11.3.12. Givaudan
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations
Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.
View Methodology