Japan Specialty Food Ingredients Market Size & Outlook
Japan specialty food ingredients market, 2018-2030 (US$M)
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Japan specialty food ingredients market highlights
- The Japan specialty food ingredients market generated a revenue of USD 5,175.6 million in 2022 and is expected to reach USD 8,358.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.2% 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 5,175.6 million |
| Market revenue in 2030 | USD 8,358.9 million |
| Growth rate | 6.2% (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, Japan accounted for 5.4% 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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Japan 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 Japan specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
Japan has one of the largest per capita spending powers in the Asia Pacific. Rapidly increasing middleclass population coupled with a highly health-conscious aging population in the region are a major driver of the functional foods market in the country.
Additionally, growing health issues related to the adoption of an unbalanced western diet, product safety, and long office hours are some other factors driving consumer interest in high-performance functional food products.
Long-established reliance on natural ingredients and food products to overcome diseases and remain healthy has contributed significantly to functional foods market growth. Numerous policies formulated by the Japanese government in favor of disease prevention to reduce the medical costs related to an aging population has also led to diet and lifestyle changes among consumers, positively influencing the functional food industry in the region.
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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 Japan specialty food ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Japan specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan specialty food ingredients market size, by by product, 2018-2030 (US$M)
Japan Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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