Europe Specialty Food Ingredients Market Size & Outlook
Europe specialty food ingredients market, 2018-2030 (US$M)
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Europe specialty food ingredients market highlights
- The Europe specialty food ingredients market generated a revenue of USD 27,458.1 million in 2022.
- The market is expected to grow at a CAGR of 5.5% 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, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 27,458.1 million |
| Market revenue in 2030 | USD 42,015.1 million |
| Growth rate | 5.5% (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, Europe region accounted for 28.4% 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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Europe 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 65.54% in 2022. Horizon Databook has segmented the Europe specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
Population growth, digitalization, and urbanization have been major factors driving unhealthy consumer lifestyles and dietary patterns, threatening the European population with uncontrollable obesity levels similar to America. In the latter half of the 1990s, the European Commission thus funded activity to establish a science-based approach to exploring the concept of functional foods.
This Concerted Action, “Functional Food Science in Europe” (FUFOSE), involved a large number of European experts in nutrition and related sciences and produced a consensus report that has become widely used as a basis for discussion in the industry.
The FUFOSE & PASSCLAIM, another research agency has observed several positive outcomes of functional foods on the human body, including healthier growth & development, cardiovascular function, and other benefits.
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Target buyers of Europe 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 Europe specialty food ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Europe specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe specialty food ingredients market size, by country, 2018-2030 (US$M)
Europe Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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