UK Specialty Food Ingredients Market Size & Outlook
UK specialty food ingredients market, 2018-2030 (US$M)
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UK specialty food ingredients market highlights
- The UK specialty food ingredients market generated a revenue of USD 8,212.7 million in 2022 and is expected to reach USD 12,902.8 million by 2030.
- The UK market is expected to grow at a CAGR of 5.8% 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 8,212.7 million |
| Market revenue in 2030 | USD 12,902.8 million |
| Growth rate | 5.8% (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, UK accounted for 8.5% 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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UK 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 65.35% in 2022. Horizon Databook has segmented the UK specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
The specialty food ingredients market in the UK is anticipated to witness significant growth in the estimated time on account of growing consumer awareness regarding the consumption of nutrition-rich food and beverage items.
Consumers in the UK are becoming increasingly aware of healthy lifestyles and are taking more responsibility to ensure the wellbeing of both their mental and physical health. The perception of being healthy has also changed significantly among UK consumers.
The consumers in the country now perceive health in terms of preventing illness rather than treating it. As a result, the country has been experiencing a high demand for dietary supplements over the years. Increasing stress levels and the presence of an aging population are some of the other factors fueling the demand for dietary supplements and specialty food ingredients in the country.
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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 UK specialty food ingredients market , including forecasts for subscribers. This country databook contains high-level insights into UK specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK specialty food ingredients market size, by by product, 2018-2030 (US$M)
UK Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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