Canada Specialty Food Ingredients Market Size & Outlook
Canada specialty food ingredients market, 2018-2030 (US$M)
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Canada specialty food ingredients market highlights
- The Canada specialty food ingredients market generated a revenue of USD 3,762.0 million in 2022 and is expected to reach USD 5,313.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.4% 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.
Specialty food ingredients market data book summary
| Market revenue in 2022 | USD 3,762.0 million |
| Market revenue in 2030 | USD 5,313.6 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Sensory |
| Fastest growing segment | Functional |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 3.9% of the global specialty food ingredients market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. specialty food ingredients market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 18,305.1 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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Canada 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 61.85% in 2022. Horizon Databook has segmented the Canada specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
The specialty food ingredients market in Canada is anticipated to ascend at a moderate rate owing to the increasing consumer awareness regarding the consumption of nutrition-based food. Moreover, an increasing number of vegan consumers in the country are likely to support the demand for specialty food ingredients in the projected time.
The consumers in Canada are shifting their focus on the consumption of food products with high vitamin and protein contents. The efforts of Vitamins Minerals Herbs and Supplements (VMHS) manufacturers in Canada, in terms of marketing, have been driving consumer awareness regarding digestive health supplements.
Such marketing efforts include creating awareness about preventive healthcare while creating opportunities to attract new consumers. This is expected to positively influence the demand for food ingredients.
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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 country-level data and insights on the Canada specialty food ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Canada specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada specialty food ingredients market size, by by product, 2018-2030 (US$M)
Canada Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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