Global Specialty Food Ingredients Market Size & Outlook
Global specialty food ingredients market, 2018-2030 (US$M)
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Global specialty food ingredients market highlights
- The global specialty food ingredients market generated a revenue of USD 96,615.4 million in 2022 and is expected to reach USD 144,979.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.2% by 2030.
- In terms of segment, sensory accounted for a revenue of USD 56,865.8 million in 2022.
- Functional is the most lucrative by product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 96,615.4 million |
| Market revenue in 2030 | USD 144,979.6 million |
| Growth rate | 5.2% (CAGR from 2022 to 2030) |
| Largest segment | Sensory |
| Fastest growing segment | Functional |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensory, Functional |
Other key industry trends
- In terms of revenue, the North America accounted for 23.4% of the global specialty food ingredients market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 5,444.2 million by 2030.
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Specialty Food Ingredients Market Scope
Specialty Food Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global specialty food ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty food ingredients market will help companies and investors design strategic landscapes.
Sensory was the largest segment with a revenue share of 58.86% in 2022. Horizon Databook has segmented the Global specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Specialty Food Ingredients By Product Outlook (Revenue, USD Million, 2018-2030)
- Sensory
- Enzymes
- Emulsifiers
- Flavours
- Colorants
- Others
- Functional
- Vitamins
- Minerals
- Antioxidants
- Preservatives
- Others
- Sensory
- Global Specialty Food Ingredients By Application Outlook (Revenue, USD Million, 2018-2030)
- Snacks
- Bakery
- Confectionery
- Dairy Products
- Breakfast Cereals
- Frozen Foods
- Meat, Poultry & Seafood
- Baby Food
- Sauces, Dressings & Condiments
- Alcoholic
- Non-alcoholic
- Others
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Our clientele includes a mix of specialty food ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global specialty food ingredients market , including forecasts for subscribers. This global databook contains high-level insights into Global specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global specialty food ingredients market size, by regions, 2018-2030 (US$M)
Top 10 countries: Specialty food ingredients market size, 2022 (US$M)
Global specialty food ingredients market share, by by product, 2022 & 2030 (%, US$M)
Specialty food ingredients market: Opportunity assessment by country
Global specialty food ingredients market, by region, 2022 (US$M)
| By Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 19,207.9 | 20,084.3 | 20,660.1 | 21,542.4 | 22,608.0 | 23,757.5 | 24,995.7 | 26,338.0 | 27,669.1 | 28,989.0 | 30,297.6 | 31,595.1 | 32,881.4 | 4.8% |
| Europe | 22,748.8 | 23,936.5 | 24,778.2 | 25,999.5 | 27,458.1 | 29,036.9 | 30,744.1 | 32,600.8 | 34,466.3 | 36,340.4 | 38,223.3 | 40,114.8 | 42,015.1 | 5.5% |
| Asia Pacific | 26,540.2 | 28,034.8 | 29,132.7 | 30,685.8 | 32,530.4 | 34,530.3 | 36,697.0 | 39,057.2 | 41,443.6 | 43,856.0 | 46,294.7 | 48,759.4 | 51,250.3 | 5.9% |
| Latin America | 4,996.0 | 5,167.4 | 5,257.0 | 5,420.0 | 5,623.0 | 5,840.0 | 6,071.3 | 6,319.8 | 6,557.0 | 6,783.0 | 6,997.9 | 7,201.5 | 7,393.9 | 3.5% |
| MEA | 7,348.5 | 7,628.1 | 7,789.2 | 8,061.2 | 8,395.9 | 8,754.9 | 9,139.3 | 9,553.6 | 9,955.6 | 10,345.1 | 10,722.1 | 11,086.7 | 11,438.9 | 3.9% |
| Overall | 80,841.4 | 84,851.1 | 87,617.2 | 91,708.9 | 96,615.3 | 101,919.5 | 107,647.4 | 113,869.5 | 120,091.5 | 126,313.5 | 132,535.5 | 138,757.6 | 144,979.5 | 5.2% |
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