Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Specialty Foods Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Specialty Foods Market Growth?
The Specialty Foods Global Market Report 2025 highlights a trend of rapid growth in the market. The market size, which stood at $261.61 billion in 2024, is expected to increase to $295.54 billion in 2025. This implies a compound annual growth rate (CAGR) of 13.0%.
What Is the Predicted Industry Size and CAGR of the Specialty Foods Market in 2029?
The Specialty Foods Global Market is projected to reach a size of $456.42 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 11.5%.
Download the Free Sample Now:
Which Factors Are Driving Growth in the Specialty Foods Market?
The key drivers in the specialty foods market are:
• Increased preference for at-home and healthy eating among millennials
• Rising adoption of nutritious food for maintaining a healthy lifestyle
• High inclination of millennials towards specialty food products for unique and healthy eating experiences
• Growth in enjoyment of cooking at home among consumers
Which Segment Trends Are Covered in the Specialty Foods Market Forecast?
The specialty foodsmarket covered in this report is segmented –
1) By Product Type: Cheese And Plant-Based Cheese, Frozen Or Refrigerated Meat, Poultry, And Seafood, Chips, Pretzels, And Snacks, Bread And Baked Goods, Other
2) By Consumer Generation: Gen-Z, Millennials, Gen-X, Baby Boomers
3) By Distribution Channel: Food Service, Retail, Online
Explore the Complete Market Report:
What Are the Current Market Trends in the Specialty Foods Industry?
The key trends in the specialty foods market are:
• High-quality, innovative food products, including plant-based, convenient, better-for-you, and non-GMO offerings, represent a significant trend.
• There's a strong inclination towards goods that provide unique attributes such as minimal fat, calories, or sodium, as well as high protein, dairy-free, or organic characteristics.
• The market is being considerably influenced by an increased focus on authenticity in product offerings.
• The use of plant-based alternatives as an innovative approach in food production is a growing trend.
Who are the Key Companies in the Specialty Foods Market?
Major players in the specialty foods market are:
• Cargill Incorporated
• Archer Daniels Midland Company
• United Natural Foods Inc.
• Compass Group plc
• DuPont de Nemours Inc.
• International Flavors & Fragrances Inc.
• Hormel Foods Corporation
• Koninklijke DSM NV
• Kerry Group plc
• Ingredion Incorporated
• Novozymes A/S
• Tate & Lyle plc
• AMCON Distributing Company
• Lancaster Colony Corporation
• Krispy Kreme Inc.
• Sensient Technologies
• Calavo Growers Inc.
• The a2 Milk Company Limited
• Chobani LLC
• Amy's Kitchen Inc.
• Farmer Bros. Co.
• Beyond Meat Inc.
• Daily Harvest Inc.
• Bear Creek Corporation
• American Spoon Foods Inc.
• Pacmoore Products Inc.
• AeroFarms LLC
• Eden Creamery LLC
• World Central Kitchen Inc.
• Axiom Foods Inc.
• Safe Catch Inc.
• Union Wine Company LLC
What are the Regional Trends Across the Specialty Foods Market?
Asia-Pacific was the largest region in the specialty foods market in 2024
