Specialty Food Ingredients Market Size, Trends, Shares, and Forecast - 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Specialty Food Ingredients Market covers analysis by Type (Functional Food Ingredients, Specialty Starch, Sweeteners, Flavors, Preservatives, Emulsifiers, Enzymes, and Others), Application (Bakery and Confectioneries, Beverages, Dairy and Frozen Foods, Breakfast Cereals, Meat and Meat Products, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Sep 2025
  • Report Code : TIPRE00009912
  • Category : Food and Beverages
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The specialty food ingredients market is expected to grow from US$ 141 billion in 2021 to US$ 206 billion by 2031; it is estimated to grow at a CAGR of 5.6% during 2022–2031.

The food processing industry has been flourishing rapidly with the rising demand for high-quality, nutritional food products due to the hectic lifestyles of consumers. Furthermore, an increase in demand for fortified food products is encouraging food manufacturers to incorporate specialty food ingredients in food processing to enhance the nutritional value of final products.

MARKET DYNAMICS


Specialty food ingredients are usually incorporated into food products to offer additional nutrition levels and provide the desired texture and color.  They are also used as preservatives and emulsifying agents. They range from micro-ingredients such as minerals, vitamins, and enzymes to macro-ingredients such as specific fats, proteins, fibers, and carbohydrates. These ingredients make the food pleasant to eat, sustainable, safe, affordable, and healthy. The increasing demand for processed and convenience foods is driving the demand for specialty food ingredients.

MARKET SCOPE


The "Global Specialty Food Ingredients Market Analysis to 2031" is a specialized and in-depth study with a special focus on market trend analysis. The report aims to provide an overview of the specialty food ingredients market with detailed market segmentation. It provides key market statistics based on the performances of leading market players, and highlights key trends and opportunities in the market.

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Specialty Food Ingredients Market: Strategic Insights

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MARKET SEGMENTATION


The specialty food ingredients market is segmented on the basis of type and application. In terms of type, the market is segmented into functional food ingredients, specialty starch, sweeteners, flavors, preservatives, emulsifiers, enzymes, and others. Based on application, the specialty food ingredients market is segmented into bakery and confectioneries, beverages, dairy and frozen foods, breakfast cereals, meat and meat products, and others.

REGIONAL FRAMEWORK


The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global specialty food ingredients market based on various segments. It also provides market size and forecast estimates from 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America. The market in each region is further segmented into respective countries and segments. The report covers an analysis and forecast of 18 countries, along with current trends and opportunities prevailing in the region.

North America dominated the specialty food ingredients market in 2021. The rapid surge in the prevalence of obesity and diabetes is encouraging people to consume foods with high nutritional value, which is fueling the specialty food ingredients market. Additionally, consumers are highly inclined toward convenience food products loaded with nutrients amid their busy lifestyles; thus, manufacturers catering to the market in this region are incorporating specialty food ingredients in their food products. Furthermore, increasing awareness regarding the health benefits of specialty food ingredients, changing dietary habits, and rising per capita incomes are a few of the factors supporting the growth of the specialty food ingredients market across North America. 

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Source: The Insight Partners Analysis

The report analyzes factors affecting the specialty food ingredients market from the demand and supply sides. Further, it evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, influencing the market progress. The report also provides an exhaustive Porter's Five Forces analysis of the market.

IMPACT OF COVID-19 PANDEMIC

The COVID-19 pandemic has had a mixed impact on the overall specialty food ingredients market. The imposition of lockdowns led to temporary discontinuation in manufacturing activities, resulting in a decrease in the supply of products, which substantially limited the market. In addition, the disruption in raw material transportation due to travel restrictions adversely impacted the global market. However, with the increased concerns about health and fitness among consumers resulted in a dramatic surge in the demand for products with high nutritional value. This factor has been creating a huge demand for specialty food ingredients.

In 2021, the specialty food ingredients market witnessed growth as governments of various countries announced relaxations in several restrictions, including lockdowns. Manufacturers resumed their operations at full capacity, which helped them bridge the demand and supply gap. Many manufacturers expanded their production capacities to meet the rising consumer demand for food products with high nutritional values, which favored the specialty food ingredients market.  

MARKET PLAYERS


The reports highlight key organic and inorganic growth strategies in the specialty food ingredients market. Organic growth strategies adopted by market players include product launches, product approvals, and patents and events. Further, the inorganic growth strategies witnessed in the market include acquisitions, partnerships, and collaborations. These activities have paved the way for the expansion of businesses and customer bases of market players.

The report on the specialty food ingredients market presents the profiles of key companies in this market, focusing on their SWOT analysis and market strategies. The company profile section focuses on leading industry players with information such as components and services offered, financial information for the last 3 years, and key development in the past 5 years. The list of a few companies engaged in the specialty food ingredients market is given below:

  • Naturex
  • Givaudan
  • KF Specialty Ingredients
  • Ingredion
  • Associated British Foods Plc
  • Kerry Group
  • Agropur Cooperative
  • Ashland Inc
  • Archer Daniels Midland Company
  • Cargill Inc

The dedicated research and analysis team at The Insight Partner consists of experienced professionals with advanced statistical expertise. The team also offers various customization options in the existing study.


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Specialty Food Ingredients Report Scope

Report Attribute Details
Market size in 2024 US$ 166.03 Billion
Market Size by 2031 US$ 243.14 Billion
Global CAGR (2025 - 2031) 5.60%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • Functional Food Ingredients
  • Specialty Starch
  • Sweeteners
  • Flavors
  • Preservatives
  • Emulsifiers
  • Enzymes
By Application
  • Bakery and Confectioneries
  • Beverages
  • Dairy and Frozen Foods
  • Breakfast Cereals
  • Meat and Meat Products
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Naturex
  • Givaudan
  • KF Specialty Ingredients
  • Ingredion
  • Associated British Foods Plc
  • Kerry Group
  • Agropur Cooperative
  • Ashland Inc
  • Archer Daniels Midland Company
  • Shejal Jamdade
    Shejal Jamdade
    Associate Vice President,
    Market Research & Consulting

    With over 12 years of experience in managing custom research projects, Shejal is a seasoned research professional with deep cross-sector expertise spanning Chemicals & Materials, Food & Beverages, Biotechnology, and Consumer Goods. She excels in end-to-end project management, advanced data modelling, and providing strategic support to clients.

    Shejal has successfully led a wide range of high-impact research engagements, consistently guiding clients through complex business challenges and enabling informed decision-making. Her ability to blend analytical rigor with industry knowledge has made her a trusted advisor for clients seeking data-driven strategies and actionable insights. Dedicated to excellence and precision, Shejal continues to play a pivotal role in transforming business objectives into research-driven outcomes.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    Our Clients

    The List of Companies

    • Naturex
    • Givaudan
    • KF Specialty Ingredients
    • Ingredion
    • Associated British Foods Plc
    • Kerry Group
    • Agropur Cooperative
    • Ashland Inc
    • Archer Daniels Midland Company
    • Cargill Inc
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