The Specialty Food Ingredients Global Market Report 2023 by The Business Research Company, provides specialty food ingredients market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Specialty Food Ingredients Global Market Report 2023, the market size is expected to grow from the global specialty food ingredients market size grew from $151.92 billion in 2022 to $162.64 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The market size of global specialty food ingredients is expected to grow to $217.18 billion in 2027 at a CAGR of 7.5%.
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.
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The specialty food ingredients market is segmented:
1) By Type: Functional Food Ingredients, Sugar Substitutes, F&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
Product innovations are a key trend gaining popularity in the specialty food ingredients market. Major players operating in the specialty food ingredients sector are focused on product innovations to meet the consumer demand for sugar substitutes. For instance, in May 2020, Ingredion Incorporated, a US-based food company launched Erysta which is made from erythritol polyol. Erysta has a sweet flavor profile, unique cooling effect, and contains no calories, allowing producers to make claims about energy and sugar minimization on the packaging.
The specialty food ingredients market report table of contents includes:
1. Executive Summary
2. Specialty Food Ingredients Market Characteristics
3. Specialty Food Ingredients Market Trends And Strategies
4. Specialty Food Ingredients Market – Macro Economic Scenariot
5. Specialty Food Ingredients Market Size And Growth
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26. Africa Specialty Food Ingredients Market
27. Specialty Food Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Specialty Food Ingredients Market
29. Specialty Food Ingredients Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Ingredion Incorporated
- Cargill
- Tate & Lyle
- DuPont Nutrition & Biosciences
- Kerry Group
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