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The global specialty food ingredients market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Specialty food ingredients are substances added to different food items for enhancing their nutritional value and functional benefits. They also reduce food waste, extend shelf life, and improve taste, texture, appearance and health profile. Some of the commonly used specialty food ingredients are colors, cultures, emulsifiers, enzymes, proteins, preservatives, flavor enhancers, high-intensity sweeteners, acidulants and pH salts, botanicals and bioactive, fats and oils, polysaccharides and oligosaccharides, and vitamins and minerals. Nowadays, with the escalating demand for energy drinks due to the growing popularity of sports and fitness activities like yoga and aerobics, there is a rise in the adoption of specialty food ingredients worldwide.
Rapid urbanization, hectic lifestyles, inflating disposable incomes, and the increasing trend of nuclear families are promoting the consumption of ready-to-eat (RTE) food items, which require minimal preparation and cooking time. This represents one of the key factors bolstering the market growth. Moreover, the rising focus on health and wellness is catalyzing the demand for natural, plant-based specialty food ingredients to produce high-quality, multi-functional products. Apart from this, there is an increase in the incorporation of specialty food ingredients like dietary fibers and antioxidants into bakery products, dairy, jams, meats, and soups on account of their gel formation capacity. This can also be accredited to their assistance in modifying the textural properties of these products and stabilizing their high-fat emulsions. Furthermore, several manufacturers are offering innovative products with clean label ingredients to create a green brand image, which is contributing to market growth. They are also focusing on incorporating advanced process technologies to enhance aroma and flavor, mask unpleasant odor and poor taste components, and improve the quality of finished products, which is anticipated to impact the market positively.
IMARC Group provides an analysis of the key trends in each sub-segment of the global specialty food ingredients market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, source, application and distribution channel.
Breakup by Product Type:
Breakup by Source:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
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 and Tate & Lyle plc.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Source, Application, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Tate & Lyle plc.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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