India Specialty Food Ingredients Market Size & Outlook
India specialty food ingredients market, 2018-2030 (US$M)
Related Markets
India specialty food ingredients market highlights
- The India specialty food ingredients market generated a revenue of USD 7,943.9 million in 2022 and is expected to reach USD 12,679.3 million by 2030.
- The India market is expected to grow at a CAGR of 6% 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 7,943.9 million |
| Market revenue in 2030 | USD 12,679.3 million |
| Growth rate | 6% (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, India accounted for 8.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Specialty Food Ingredients Market Scope
Specialty Food Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 56.43% in 2022. Horizon Databook has segmented the India specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid advancements in product development coupled with the government-mandated fortification are the key factors driving functional foods industry growth in India. The shift in trend to prefer food items not only based on nutritional value and taste but also in terms of their ability to improve the well-being and health has led to increased consumption of functional food items.
One in every five people in the population of over 1.33 billion in India is suffering from at least one chronic disease such as respiratory, metabolic, and cardiovascular. The increasing epidemic of other chronic diseases including diabetes and various other nutritional challenges has also led to the extensive promotion of natural functional foods in India, subsequently driving the market growth.
Additionally, demographic changes and urbanization are some other key factors expected to influence market growth. Functional food products are expected to witness the highest growth rate in weight management applications in India over the forecast period owing to increasing medical issues and rising awareness among the obese population to overcome debilitating lifestyle disorders.
Reasons to subscribe to India specialty food ingredients market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India specialty food ingredients market databook
-
Our clientele includes a mix of specialty food ingredients market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the India specialty food ingredients market , including forecasts for subscribers. This country databook contains high-level insights into India specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India specialty food ingredients market size, by by product, 2018-2030 (US$M)
India Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
