Report cover image

Global Specialty Food Ingredients Market 2024

Publisher Gen Consulting Company
Published Jun 14, 2024
Length 25 Pages
SKU # GCC19029804

Description

Global Specialty Food Ingredients Market 2024


Key Findings
  • The global specialty food ingredients sector experienced significant growth in 2023, with a 6.4% increase in market size compared to the previous year, reaching a total value of USD 109.1 billion.
  • Food flavors and enhancers demonstrated exceptional performance, emerging as the leading category in 2023. This segment saw a 3.8% year-over-year growth, attaining a value of USD 16.0 billion.
  • North America maintained its dominant position in the market, securing a 31.8% value share in 2023.
  • Projections indicate that the global specialty food ingredients market is poised for continued growth, with an anticipated Compound Annual Growth Rate (CAGR) of 5.4% in terms of value during the forecast period. The market is expected to reach USD 149.5 billion by 2029.
  • In terms of application, beverages remained the primary sector, accounting for 21.2% of the value share in 2023. This segment is forecasted to maintain its leading position throughout the projected period.
Specialty food ingredients are pivotal in creating advanced and functional food options, enhancing safety, affordability, quality, and sustainability in food products. The market is primarily driven by the increasing popularity of ready-to-cook and ready-to-eat products, which boosts demand for preservatives. Consumer preferences and identities, particularly in developed economies, also play a significant role in shaping market demand. Industry leaders leverage technology and intellectual property to develop innovative ingredients, although it's worth noting that new product development in this sector requires substantial investment.

The Specialty Food Ingredients Market is poised for growth, largely due to its technological advantages and functional benefits in areas such as food quality, safety, affordability, nutrition, and taste.

The market research encompasses analysis of market scope, examination of leading players, segmentation by product type, application, and region, as well as assessment of market potential. This includes statistical data on market size, share, growth rate, and forecasts.

The industry's primary rivals consist of Ajinomoto Co., Inc., Ashland Inc., Associated British Foods plc, Axiom Foods Inc., BASF SE, Cargill Incorporated, Chr. Hansen A/S, Firmenich SA, Ingredion Incorporated, International Flavors and Fragrance Inc., Kemin Industries, Inc., Kerry Group plc, Koninklijke DSM N.V., Mitsubishi International Food Ingredients Inc., Novozymes A/S, Roquette Freres SA, Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, Tate & Lyle PLC, The Archer-Daniels-Midland Company, among others.

Report Scope
  • Product Type
  • Acidulants
  • Colorants
  • Cultures
  • Emulsifiers
  • Enzymes
  • Food Flavors and Enhancers
  • Food Hydrocolloids
  • Functional Food Ingredients
  • Preservatives
  • Proteins (Plant and Animal Protein)
  • Specialty Fats and Oils
  • Specialty Starches and Texturants
  • Sweeteners and Sugar Substitutes
  • Yeasts
  • Others (Food-Grade Glycerin, Anti-Caking Agents)
Application
  • Bakery Products
  • Beverages
  • Confectionery
  • Dairy Products
  • Fats and Oils
  • Meat, Poultry and Seafood
  • Pasta, Soup and Noodles
  • Plant-Based Food & Beverages
  • Prepared Meals
  • Sauces, Dressings, and Condiments
  • Others
Region
  • North America (USA, Canada, and Mexico)
  • Europe (Germany, France, UK, Italy, Russia, Spain, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
  • Latin America (Brazil, and Rest of Latin America)
  • MEA (Middle East and Africa)

Table of Contents

25 Pages
Part 1. Scope and Methodology
Key Findings
Report Scope
Product Type
Application
Region
Research Methodology
Part 2. Market Overview
Summary
Part 3. Market Dynamics
Growth Drivers and Future Trends
Restraints and Challenges
Part 4. Global Specialty Food Ingredients Market by Product Type
Acidulants
Colorants
Cultures
Emulsifiers
Enzymes
Food Flavors and Enhancers
Food Hydrocolloids
Functional Food Ingredients
Preservatives
Proteins (Plant and Animal Protein)
Specialty Fats and Oils
Specialty Starches and Texturants
Sweeteners and Sugar Substitutes
Yeasts
Others (Food-Grade Glycerin, Anti-Caking Agents)
Part 5. Global Specialty Food Ingredients Market by Application
Bakery Products
Beverages
Confectionery
Dairy Products
Fats and Oils
Meat, Poultry and Seafood
Pasta, Soup and Noodles
Plant-Based Food & Beverages
Prepared Meals
Sauces, Dressings, and Condiments
Others
Part 6. Global Specialty Food Ingredients Market by Region
North America
Europe
Asia-Pacific
Latin America
MEA
Part 7. Competitive Analysis
Competition Overview
Recent Industry Developments
Ajinomoto Co., Inc.
Business Overview
Contact Information
Ashland Inc.
Business Overview
Contact Information
Associated British Foods plc
Business Overview
Company Information
Business Performance
Axiom Foods Inc.
Business Overview
Contact Information
BASF SE
Business Overview
Contact Information
Cargill Incorporated
Business Overview
Contact Information
Chr. Hansen A/S
Business Overview
Contact Information
Firmenich SA
Business Overview
Contact Information
Ingredion Incorporated
Business Overview
Contact Information
International Flavors and Fragrance Inc.
Business Overview
Contact Information
Kemin Industries, Inc.
Business Overview
Contact Information
Kerry Group plc
Business Overview
Contact Information
Koninklijke DSM N.V.
Business Overview
Contact Information
Mitsubishi International Food Ingredients Inc.
Business Overview
Contact Information
Novozymes A/S
Business Overview
Contact Information
Roquette Freres SA
Business Overview
Contact Information
Sensient Technologies Corporation
Business Overview
Contact Information
Symrise AG
Business Overview
Contact Information
Takasago International Corporation
Business Overview
Contact Information
Tate & Lyle plc
Business Overview
Contact Information
The Archer-Daniels-Midland Company
Business Overview
Contact Information
Disclaimer
Global Specialty Food Ingredients Market, Volume and Value, 2019-2029 (USD Million)
Global Specialty Food Ingredients Market, Net Growth, 2019-2029 (USD Million)
Global Specialty Food Ingredients Market, Growth Rates, 2019-
Global Specialty Food Ingredients Market by Product, 2019-2029 (USD Million)
Global Specialty Food Ingredients Market by Product, CAGR Historic and Forecast, 2019-
Global Specialty Food Ingredients Market by Product, 2019-2029 (USD Million)
Global Specialty Food Ingredients Market by Application, 2019-2029 (USD Million)
Global Specialty Food Ingredients Market by Application, CAGR Historic and Forecast, 2019-
Global Specialty Food Ingredients Market by Application, 2019-2029 (USD Million)
Global Specialty Food Ingredients Market by Region, 2019-2029 (USD Million)
Global Specialty Food Ingredients Market by Region, CAGR Historic and Forecast, 2019-
Global Specialty Food Ingredients Market by Region, 2019-2029 (USD Million)
North America Specialty Food Ingredients Market Share by Country,
North America Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
North America Specialty Food Ingredients Market by Country, CAGR Historic and Forecast, 2019-
North America Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
Europe Specialty Food Ingredients Market Share by Country,
Europe Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
Europe Specialty Food Ingredients Market by Country, CAGR Historic and Forecast, 2019-
Europe Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
Asia-Pacific Specialty Food Ingredients Market Share by Country,
Asia-Pacific Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
Asia-Pacific Specialty Food Ingredients Market by Country, CAGR Historic and Forecast, 2019-
Asia-Pacific Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
Latin America Specialty Food Ingredients Market Share by Country,
Latin America Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
Latin America Specialty Food Ingredients Market by Country, CAGR Historic and Forecast, 2019-
Latin America Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
MEA Specialty Food Ingredients Market Share by Country,
MEA Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
MEA Specialty Food Ingredients Market by Country, CAGR Historic and Forecast, 2019-
MEA Specialty Food Ingredients Market by Country, 2019-2029 (USD Million)
Global Specialty Food Ingredients Market Share, by Company,
Ajinomoto Co., Inc. Financial Overview (JPY Billion)
Ajinomoto Co., Inc. Revenue, by Segment,
Ashland Inc. Financial Overview (USD Million)
Ashland Inc. Revenue, by Segment,
Ashland Inc. Revenue, by Region,
Associated British Foods plc Financial Overview (GBP Million)
Associated British Foods plc Revenue, by Segment,
Associated British Foods plc Revenue, by Region,
BASF SE Financial Overview (EUR Million)
BASF SE Revenue, by Segment,
BASF SE Revenue, by Region,
Cargill Incorporated Financial Overview (USD Billion)
Chr. Hansen A/S Financial Overview (DKK Million)
Chr. Hansen A/S Revenue, by Segment,
Chr. Hansen A/S Revenue, by Region,
Firmenich SA Financial Overview (CHF Million)
Firmenich SA Revenue, by Segment,
Firmenich SA Revenue, by Region,
Ingredion Incorporated Financial Overview (USD Million)
Ingredion Incorporated Revenue, by Country
Ingredion Incorporated Revenue, by Region,
Ingredion Incorporated Revenue, by Customers,
International Flavors and Fragrance Inc. Financial Overview (USD Million)
International Flavors and Fragrance Inc. Revenue, by Segment,
International Flavors and Fragrance Inc. Revenue, by Region,
Kerry Group plc Financial Overview (EUR Million)
Kerry Group plc Revenue, by Segment,
Kerry Group plc Revenue, by Type,
Kerry Group plc Revenue, by Region,
Koninklijke DSM N.V. Financial Overview (EUR Million)
Koninklijke DSM N.V. Revenue, by Segment,
Koninklijke DSM N.V. Revenue, by Type,
Koninklijke DSM N.V. Revenue, by Region,
Novozymes A/S Financial Overview (DKK Million)
Novozymes A/S Revenue, by Segment,
Novozymes A/S Revenue, by Emerging Markets and Developed Markets,
Novozymes A/S Revenue, by Region,
Sensient Technologies Corporation Financial Overview (USD Million)
Sensient Technologies Corporation Revenue, by Segment,
Sensient Technologies Corporation Revenue, by Type,
Sensient Technologies Corporation Revenue, by Region,
Symrise AG Financial Overview (EUR Million)
Symrise AG Revenue, by Segment,
Symrise AG Revenue, by Region,
Takasago International Corporation Financial Overview (JPY Million)
Takasago International Corporation Revenue, by Segment,
Takasago International Corporation Revenue, by Region,
Tate & Lyle plc Financial Overview (GBP Million)
Tate & Lyle plc Revenue, by Segment,
Tate & Lyle plc Food & Beverage Solutions Revenue, by Region,
The Archer-Daniels-Midland Company Financial Overview (USD Million)
The Archer-Daniels-Midland Company Revenue, by Segment,
The Archer-Daniels-Midland Company Revenue, by Region,

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us