About Specialty Food Ingredients
Specialty food ingredients is defined as the typically preserved, texture, emulsify, color, help to process and improves the nutritional profile in order to processed foods. These specialty food ingredients are vital in providing today’s consumer with an extensive range of safe foods, affordable and qualitative. It is widely used by the food & the beverage industry in order to improve the taste as well as flavor to the processed food. Health benefits of food-specific ingredients, for instance, enzymes & nutritional ingredients aimed at reducing the risk of hypertension, diabetes, chronic diseases and cognitive health, the demand for specialty food ingredients are anticipated to drive the growth of the specialty food ingredients market over the forecast period
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global specialty food ingredients market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Specialty Food Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (United States), Tate & Lyle PLC, (United Kingdom), Prinova Group, LLC (United Kingdom), Roquette Frères S.A, (France), Ingredion Incorporated (United States), Cargill Inc., (United States), Specialty Commodities Inc. (United States), E. I. Dupont De Nemours and Company, (United States), Sensient Technologies Corporation, (United States) and AmTech Ingredients LLC, (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Koninklijke DSM N.V., (Netherlands), KF Specialty Ingredients (Australia), Woodland Foods Inc., (United States), Kerry Group Plc (Ireland) and Vidhi Specialty Food Ingredients Limited. (India).
Segmentation Overview
AMA Research has segmented the market of Global Specialty Food Ingredients market by Type (Enzymes, Emulsifiers, Flavors, Colorants, Vitamins, Minerals, Antioxidant and Preservatives), Application (Bakery & Confectionery, Beverages, Dairy & Frozen Foods, Convenience Foods, Meat Products, Functional Foods and Dietary Supplements) and Region.
On the basis of geography, the market of Specialty Food Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Specialty Food Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement Regarding Specialty Food Ingredients, Rising Consumer Awareness Towers the Use of Food Additives, Increasing Awareness of Health and Well-Being, Food Security and Increasing the Taste Preference
Market Growth Drivers:
Advanced Technology, Nutrition and Taste Convergence,, Growth of the Food Industry In Addition to the Growing Applications of End Users, Rise in Demand for Convenient and Ready-To-Eat, Packaged Foods, R&D and Technological Innovations and Increasing Demand for Convenience Foods
Challenges:
Lack of Proper Research and Development and An Increased Number of Small and Unstructured Players
Restraints:
High Expenditure on Technology Use and Maintenance, Strict Legislative and Regulations Related to Food Safety and Shelf Life and Susceptible to Seasonal Changes and Supply Chain
Opportunities:
Rising Demand from Emerging Economics such as India, China, and others
Market Leaders and their expansionary development strategies
In March 2023, ADM launched the Knwble Grwn brand to provide consumers with wholesome, plant-based food ingredients that are sustainably sourced.
Key Target Audience
Manufacturers of Specialty Food Ingredients, Suppliers of Specialty Food Ingredients, Wholesalers, Distributors, and Retailers of Specialty Food Ingredients, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.