Germany Specialty Food Ingredients Market Size & Outlook
Germany specialty food ingredients market, 2018-2030 (US$M)
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Germany specialty food ingredients market highlights
- The Germany specialty food ingredients market generated a revenue of USD 9,615.8 million in 2022 and is expected to reach USD 14,612.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.4% 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 9,615.8 million |
| Market revenue in 2030 | USD 14,612.8 million |
| Growth rate | 5.4% (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, Germany accounted for 10.0% 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 Europe, Germany specialty food ingredients market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 12,902.8 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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Germany 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 67.64% in 2022. Horizon Databook has segmented the Germany specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
Germany has a large population base that is quickly realizing the benefits of digestive foods and ingredients in their regular diets as food becomes the medium from which to obtain necessary vitamins, minerals, and other essentials.
The food & beverage industry in the country is also highly developed with major multinational companies introducing new products & technologies to cater to the rising country-wide demand. Recent years have witnessed ameliorating demand for specialty food ingredients, as is the case with most countries in Europe.
The demand for food ingredients in Germany is likely to grow steadily over the next decade owing to the increasing availability of innovative products within the country. Moreover, an increasing number of new food products in the packaged and processed category is expected to support the growth.
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Target buyers of Germany 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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany specialty food ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Germany specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany specialty food ingredients market size, by by product, 2018-2030 (US$M)
Germany Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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