China Specialty Food Ingredients Market Size & Outlook
China specialty food ingredients market, 2018-2030 (US$M)
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China specialty food ingredients market highlights
- The China specialty food ingredients market generated a revenue of USD 15,064.8 million in 2022 and is expected to reach USD 23,406.0 million by 2030.
- The China market is expected to grow at a CAGR of 5.7% 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 15,064.8 million |
| Market revenue in 2030 | USD 23,406.0 million |
| Growth rate | 5.7% (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, China accounted for 15.6% 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 Asia Pacific, China specialty food ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,358.9 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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China 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 57.13% in 2022. Horizon Databook has segmented the China specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
Rising disposable income and rapid urbanization in China have led to changes in consumer lifestyle and food consumption trends in the country. China has witnessed a significant increase in its per capita consumption of functional ingredients in recent years. The growing urban expenditure on functional and healthy food in the country is anticipated to be a key factor in boosting the functional ingredients market in China.
Also, the shifting trend towards a healthy lifestyle coupled with increasing consumer purchasing power, and raising awareness about the safety of food is expected to drive the demand for food products thereby propelling the demand for functional and sensory ingredients over the forecast period.
According to the World Heart Federation, non-communicable diseases including cardiovascular diseases account around 87% of the total adult deaths in China.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the China specialty food ingredients market , including forecasts for subscribers. This country databook contains high-level insights into China specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China specialty food ingredients market size, by by product, 2018-2030 (US$M)
China Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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