Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Specialty Food Ingredients Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Specialty Food Ingredients Market?
The market size of the Specialty Food Ingredients Global Market has been increasing robustly in the past few years. The market value, that was $173.73 billion in 2024, is projected to reach $184.72 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
What Are the Expected Market Growth Trends for the Specialty Food Ingredients Market Through 2029?
The specialty food ingredients market is expected to grow to $258.69 billion in 2029, with a compound annual growth rate (CAGR) of 8.8%.
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What Are the Key Business Drivers in the Specialty Food Ingredients Market Landscape?
The key drivers in the specialty food ingredients market are:
• Growing demand for health-conscious food alternatives
• Rising consumption of healthy and sustainable diets
• Specialty food ingredients' role in enhancing food nutrition and texture
• Increased sales of organic food products.
How Is the Specialty Food Ingredients Market Divided Across Key Categories?
The specialty food ingredientsmarket covered in this report is segmented –
1) By Type: Functional Food Ingredients, Sugar Substitutes, F And B Starter Culture, Specialty Starches, Enzymes, Emulsifiers, Preservatives, Other Types
2) By Distribution Channel: Direct Sales, Indirect Sales
3) By Application: Beverages, Sauces, Dressings And Condiments, Bakery, Dairy, Confectionary, Other Applications
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What Are the Ongoing Trends in the Specialty Food Ingredients Market?
The key trends in the specialty food ingredients market are:
• There's an increasing trend towards product innovations in the specialty food ingredients sector.
• Companies are focusing on developing alternative solutions to meet consumer demand, such as sugar substitutes.
• The use of innovations that align with clean label goals of food manufacturers signifies a major emerging trend.
• Innovations are ensuring operational adaptability and the capacity to enhance food quality, driving the market trends.
Which Companies are Expanding in the Specialty Food Ingredients Industry?
Major players in the specialty food ingredients market are:
• Cargill Incorporated
• Archer Daniels Midland Company
• BASF SE
• Brenntag AG
• Evonik Industries AG
• International Flavors & Fragrances Inc.
• Ajinomoto Co Inc.
• Kerry Group plc
• Koninklijke DSM NV
• Ingredion Incorporated
• Givaudan SA
• Lonza Group AG
• Firmenich International SA
• Symrise AG
• DuPont Nutrition & Biosciences
• Dohler GmbH
• Novozymes A/S
• Ashland Global Holdings Inc.
• Tate & Lyle plc
• Corbion NV
• Chr. Hansen Holding A/S
• Sensient Technologies Corporation
• Balchem Corporation
• Kemin Industries Inc.
• Kalsec Inc.
• Amano Enzyme Inc.
• Axiom Foods Inc.
• Crespel & Dieters GmbH & Co KG
• FMC Corporation
• Wacker Chemie AG
• Kewpie Corporation
• AAK AB
• Rousselot BV
• CP Kelco U.S. Inc.
Which is the Largest Region the Global Specialty Food Ingredients Market?
North America was the largest region in the specialty food ingredients market in 2024
