Asia Pacific Specialty Food Ingredients Market Size & Outlook
Asia Pacific specialty food ingredients market, 2018-2030 (US$M)
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Asia Pacific specialty food ingredients market highlights
- The Asia Pacific specialty food ingredients market generated a revenue of USD 32,530.4 million in 2022.
- The market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
- In terms of segment, sensory was the largest revenue generating by product in 2022.
- Functional is the most lucrative by product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 32,530.4 million |
| Market revenue in 2030 | USD 51,250.3 million |
| Growth rate | 5.8% (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 |
| Key market players worldwide | Naturex, Givaudan SA, Ingredion Inc, Associated British Foods PLC, Kerry Group PLC Class A, Ashland Inc, Archer-Daniels Midland Co, Cargill, DSM, Tate & Lyle PLC, Agropur, WILD Flavors, Diana Group, Chr. Hansen |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.7% of the global specialty food ingredients market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 51,250.3 million by 2030.
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Specialty Food Ingredients Market Scope
Specialty Food Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 56.69% in 2022. Horizon Databook has segmented the Asia Pacific specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
Favorable government policies in agricultural trade have been set to encourage functional foods and attract investments in the industry. This, in turn, has generated a wide scope for the growth of the functional ingredients market in the Asia Pacific.
The agriculture industry is one of the significant contributors to their respective GDPs in countries such as India, Japan, China, South Korea, and Taiwan.
The Asia Pacific has accounted for a significant share in the global functional ingredients production over the past few years with several emerging economies in this region observing high levels of development.
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Target buyers of Asia Pacific specialty food ingredients market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific specialty food ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific specialty food ingredients market size, by country, 2018-2030 (US$M)
Asia Pacific Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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