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Global Specialty Food Ingredients Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR43506
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The specialty food ingredients market share is expected to increase by USD 41.36 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.60%.

This specialty food ingredients market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers specialty food ingredients market segmentation 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 report also offers information on several market vendors, including 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 among others.

What will the Specialty Food Ingredients Market Size be During the Forecast Period?

Global Specialty Food Ingredients Market Size

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Specialty Food Ingredients Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 eraThe demand for specialty food ingredients in the food processing industries is notably driving the specialty food ingredients market growth, although factors such as high prices of nutraceutical ingredients may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the specialty food ingredients industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Specialty Food Ingredients Market Driver

The demand for specialty food ingredients in the food processing industries is one of the key driving factors impacting the global specialty food ingredients market growth. 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.

Key Specialty Food Ingredients Market Trend

Another key factor driving the global specialty food ingredients market growth is the growing demand for natural ingredients owing to the rising awareness of the need for food safety. Consumers today are highly conscious about the food they consume, as a result of which, they prefer healthy and natural ingredients in food and beverage products. This results in huge demand for nutraceutical ingredients from the food and beverage industry. Many vendors in the market offer various types of nutraceutical ingredients that can be used in a range of food and beverage products. For instance, the OatWell powder offered by DSM can be used in a wide range of products, including bread, biscuits, cereals, powder drinks, and dietary supplements. Thus, the increasing demand for natural ingredients in food and beverage and other products is expected to increase the demand for nutraceutical ingredients, which will further support the market growth during the forecast period.

Key Specialty Food Ingredients Market Challenge

High prices of nutraceutical ingredients will be a major challenge to the global specialty food ingredients market growth. Factors such as availability and supply of raw materials used in nutraceutical ingredients affect its price and overall cost of production. Furthermore, certain fruits and plants from which the ingredients are extracted are grown only in particular regions; for example, acai berries are grown in abundance in Brazil. The procurement and transportation of these berries involve substantial costs in transporting them, which further increases the prices of the final ingredients. Such factors are expected to negatively impact the market in focus during the forecast period.

This specialty food ingredients market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the specialty food ingredients market as a part of the global packaged food and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the specialty food ingredients market during the forecast period.

Who are the Major Specialty Food Ingredients Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 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.
  • Tate and Lyle Plc

This statistical study of the specialty food ingredients market encompasses successful business strategies deployed by the key vendors. The specialty food ingredients market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

Product Insights and News

  • DuPont de Nemours Inc. - The company offers Danisco range of ingredients that have improved nutritional profiles, better taste and texture, and greater cost efficiency to meet needs.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The specialty food ingredients market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Specialty Food Ingredients Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the specialty food ingredients market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global packaged food and meats market includes the following core components:

  • Inputs
  • Inbound logistics
  • Primary processing
  • Secondary and tertiary processing
  • Outbound logistics
  • End-customers
  • Marketing and sales
  • Service
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Specialty Food Ingredients Market?

Global Specialty Food Ingredients Market Market segmentation by region

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28% of the market's growth will originate from APAC during the forecast period. China is the key market for specialty food ingredients market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the disposable income of consumers and rise in population in countries like India and China will facilitate the specialty food ingredients market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The increasing prevalence of COVID-19 negatively impacted the specialty food ingredient market in North America in 2020. The pandemic spread widely across the region, especially in the US. Most non-essential and non-urgent manufacturing units were also closed for several months. Although the demand for specialty food ingredients was high, supply chain disruptions led to a gap in demand and supply, thus impacting the market severely and resulting in slow market growth in 2020. However, once the pandemic is brought under control, attributed to the ongoing vaccination drives, the market is expected to register significant growth during the forecast period. 

What are the Revenue-generating Product Segments in the Specialty Food Ingredients Market?

Global Specialty Food Ingredients Market Segmentation

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The specialty food ingredients market share growth by the nutraceutical ingredients segment will be significant during the forecast period. 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.

This report provides an accurate prediction of the contribution of all the segments to the growth of the specialty food ingredients market size and actionable market insights on post COVID-19 impact on each segment.

 

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

$ 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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Specialty Food Ingredients Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive specialty food ingredients market growth during the next five years
  • Precise estimation of the specialty food ingredients market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the specialty food ingredients industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of specialty food ingredients market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Packaged foods and meats

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 15: Product - Market share 2020-2025 (%)
  • 5.2 Comparison by Product
    • Exhibit 16: Comparison by Product
  • 5.3 Nutraceutical ingredients - Market size and forecast 2020-2025
    • Exhibit 17: Nutraceutical ingredients - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 18: Nutraceutical ingredients - Year-over-year growth 2020-2025 (%)
  • 5.4 Flavors - Market size and forecast 2020-2025
    • Exhibit 19: Flavors - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 20: Flavors - Year-over-year growth 2020-2025 (%)
  • 5.5 Specialty starches - Market size and forecast 2020-2025
    • Exhibit 21: Specialty starches - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 22: Specialty starches - Year-over-year growth 2020-2025 (%)
  • 5.6 Acidulants - Market size and forecast 2020-2025
    • Exhibit 23: Acidulants - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 24: Acidulants - Year-over-year growth 2020-2025 (%)
  • 5.7 Others - Market size and forecast 2020-2025
    • Exhibit 25: Others - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
  • 5.8 Market opportunity by Product
    • Exhibit 27: Market opportunity by Product

6 Market Segmentation by Application

  • 6.1 Market segments
    • Exhibit 28: Application - Market share 2020-2025 (%)
  • 6.2 Comparison by Application
    • Exhibit 29: Comparison by Application
  • 6.3 Bakery and confectionery - Market size and forecast 2020-2025
    • Exhibit 30: Bakery and confectionery - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 31: Bakery and confectionery - Year-over-year growth 2020-2025 (%)
  • 6.4 Beverages - Market size and forecast 2020-2025
    • Exhibit 32: Beverages - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 33: Beverages - Year-over-year growth 2020-2025 (%)
  • 6.5 Sauces and condiments - Market size and forecast 2020-2025
    • Exhibit 34: Sauces and condiments - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 35: Sauces and condiments - Year-over-year growth 2020-2025 (%)
  • 6.6 Others - Market size and forecast 2020-2025
  • 6.7 Market opportunity by Application
    • Exhibit 38: Market opportunity by Application

7 Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 40: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison
    • Exhibit 41: Geographic comparison
  • 8.3 North America - Market size and forecast 2020-2025
    • Exhibit 42: North America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 43: North America - Year-over-year growth 2020-2025 (%)
  • 8.4 APAC - Market size and forecast 2020-2025
    • Exhibit 44: APAC - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 45: APAC - Year-over-year growth 2020-2025 (%)
  • 8.5 Europe - Market size and forecast 2020-2025
    • Exhibit 46: Europe - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 47: Europe - Year-over-year growth 2020-2025 (%)
  • 8.6 South America - Market size and forecast 2020-2025
    • Exhibit 48: South America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 49: South America - Year-over-year growth 2020-2025 (%)
  • 8.7 MEA - Market size and forecast 2020-2025
  • 8.8 Key leading countries
    • Exhibit 52: Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 53: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
    • Exhibit 54: Impact of drivers and challenges
  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Landscape disruption
    • Exhibit 56: Landscape disruption
    • Exhibit 57: Industry risks
  • 10.2 Competitive scenario

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 58: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 59: Market positioning of vendors
  • 11.3 Archer Daniels Midland Co.
    • Exhibit 60: Archer Daniels Midland Co. - Overview
    • Exhibit 61: Archer Daniels Midland Co. - Business segments
    • Exhibit 62: Archer Daniels Midland Co. - Key offerings
    • Exhibit 63: Archer Daniels Midland Co. - Segment focus
  • 11.4 Cargill Inc.
    • Exhibit 64: Cargill Inc. - Overview
    • Exhibit 65: Cargill Inc. - Product and service
    • Exhibit 66: Cargill Inc. - Key offerings
  • 11.5 Chr. Hansen Holding AS
    • Exhibit 67: Chr. Hansen Holding AS - Overview
    • Exhibit 68: Chr. Hansen Holding AS - Business segments
    • Exhibit 69: Chr. Hansen Holding AS - Key offerings
    • Exhibit 70: Chr. Hansen Holding AS - Segment focus
  • 11.6 DuPont de Nemours Inc.
    • Exhibit 71: DuPont de Nemours Inc. - Overview
    • Exhibit 72: DuPont de Nemours Inc. - Business segments
    • Exhibit 73: DuPont de Nemours Inc. - Key offerings
    • Exhibit 74: DuPont de Nemours Inc. - Segment focus
  • 11.7 Givaudan SA
    • Exhibit 75: Givaudan SA - Overview
    • Exhibit 76: Givaudan SA - Business segments
    • Exhibit 77: Givaudan SA - Key offerings
    • Exhibit 78: Givaudan SA - Segment focus
  • 11.8 Ingredion Inc.
    • Exhibit 79: Ingredion Inc. - Overview
    • Exhibit 80: Ingredion Inc. - Business segments
    • Exhibit 81: Ingredion Inc. - Key offerings
    • Exhibit 82: Ingredion Inc. - Segment focus
  • 11.9 Kerry Group Plc
    • Exhibit 83: Kerry Group Plc - Overview
    • Exhibit 84: Kerry Group Plc - Business segments
    • Exhibit 85: Kerry Group Plc– Key news
    • Exhibit 86: Kerry Group Plc - Key offerings
    • Exhibit 87: Kerry Group Plc - Segment focus
  • 11.10 Koninklijke DSM NV
    • Exhibit 88: Koninklijke DSM NV - Overview
    • Exhibit 89: Koninklijke DSM NV - Business segments
    • Exhibit 90: Koninklijke DSM NV - Key offerings
    • Exhibit 91: Koninklijke DSM NV - Segment focus
  • 11.11 Sensient Technologies Corp.
    • Exhibit 92: Sensient Technologies Corp. - Overview
    • Exhibit 93: Sensient Technologies Corp. - Business segments
    • Exhibit 94: Sensient Technologies Corp. - Key offerings
    • Exhibit 95: Sensient Technologies Corp. - Segment focus
  • 11.12 Tate and Lyle Plc
    • Exhibit 96: Tate and Lyle Plc - Overview
    • Exhibit 97: Tate and Lyle Plc - Business segments
    • Exhibit 98: Tate and Lyle Plc - Key offerings
    • Exhibit 99: Tate and Lyle Plc - Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Currency conversion rates for US$
    • Exhibit 100: Currency conversion rates for US$
  • 12.3 Research methodology
    • Exhibit 101: Research Methodology
    • Exhibit 102: Validation techniques employed for market sizing
    • Exhibit 103: Information sources
  • 12.4 List of abbreviations
    • Exhibit 104: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Specialty Food Ingredients Market market growth will increase by $41.36 bn during 2021-2025.
The specialty food ingredients market market is expected to grow at a CAGR of 5.6% during 2021-2025.
Technavio has segmented the specialty food ingredients market market by product (nutraceutical ingredients, flavors, specialty starches, acidulants, and others) ,application (bakery and confectionery, beverages, sauces and condiments, others, and MEA) , and geography (North America, Europe, APAC, South America, and MEA).
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., Tate and Lyle Plc are a few of the key vendors in the specialty food ingredients market market.
APAC will register the highest growth rate of 28% among the other regions. Therefore, the specialty food ingredients market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the specialty food ingredients market market growth are:
  • Demand for specialty food ingredients in food processing industries
The specialty food ingredients market market vendors should focus on grabbing business opportunities from the nutraceutical ingredients segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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