Global Specialty Food Ingredients Market Report 2022 – Market Forecast, Trends And Strategies

The global specialty food ingredients market size is expected to grow from $141.13 billion in 2021 to $150.62 billion in 2022 at a compound annual growth rate (CAGR) of 6.7%. The global specialty food ingredient market size is expected to grow to $192.49 billion in 2026 at a CAGR of 6.3%.

What is the Global Specialty Food Ingredients Market?

The specialty foods ingredients market consists of sales of specialty food ingredients by entities (organizations, partnerships, and sole traders) that are used to add a specific benefit to the core recipe of a product. Specialty food ingredients have technological and functional advantages which provide consumers with a wide variety of quality, healthy, tasty, safe, and affordable food. Specialty food ingredients, often known as cleaner ingredients, are used to create high-quality, long-lasting food for human consumption.

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What drives the Global Specialty Food Ingredients Market?

The rising consumption of healthy products is driving the growth of the specialty food ingredients market. With a growing demand for healthy food options, the number of health-conscious customers is steadily increasing. Sustainable and healthy diets are predicted to improve gastrointestinal health, cholesterol control, bone strength, and other health issues among the worldwide population. Specialty food components are used to preserve, color, emulsify, texture, and improve the nutritional value of foods. For instance, according to a study published in 2019 by the International Food Information Council and the American Heart Foundation, 43% of Americans said they are constantly looking for healthier choices while purchasing, and 52% indicated that they are at least occasionally looking for nutritious foods. Therefore, the rising consumption of healthy products is expected to propel the growth of the specialty food ingredients market going forward.

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Global Specialty Food Ingredients Market Segments
The global specialty food ingredients market is segmented:
By Type: Functional Food Ingredients, Sugar Substitutes, F&B Starter Culture, Specialty Starches, Enzymes, Emulsifiers, Preservatives, Others
By Application: Beverages, Sauces, Dressings and Condiments, Bakery, Dairy, Confectionary, Others
By Geography: The regions covered in the specialty food ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global specialty food ingredients market.

Specialty Food Ingredients Global Market Report 2022provides market size and growth forecasts for the global specialty food ingredients market, global specialty food ingredients market share, specialty food ingredients market segments and geographies, specialty food ingredients market competitive landscape including leading competitors’ revenues, profiles and market shares. The specialty food ingredients market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Specialty Food Ingredients Industry Playersinclude Ingredion Incorporated, Cargill, Tate & Lyle, DuPont Nutrition & Biosciences, Kerry Group, Royal DSM, Sensient Technologies, Givaudan, Archer Daniels Midland, BASF Group, Firmenich, Crespel & Dieters, Evonik Industries, Ashland, Axiom Foods, and Amano Enzymes. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.