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8 ม.ค. เวลา 10:08 • อาหาร

Trends and Innovations Shaping the Future of Specialty Food Ingredients

The specialty food ingredients market size is estimated at USD 179.8 billion in 2023 and is projected to reach USD 240.9 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. The key factor contributing to the growing demand for specialty food ingredients is the increasing consumer awareness and demand for healthier and functional food options.
The functional food ingredients segment is expected to grow at the highest CAGR during the forecast period.
There is an increasing demand for food products that provide functional benefits beyond basic nutrition as people become more health conscious. Functional food components with the potential to improve health include probiotics, prebiotics, antioxidants, and omega-3 fatty acids. They promote cognitive performance, support cardiovascular health, improve digestion, and boost immunity.
Food flavors emerge as a driving force in the specialty food ingredients industry in 2023.
The industry of food is quite competitive, and producers are always looking for ways to distinguish the products they produce. Food flavors are a useful tool for product innovation and distinction. Manufacturers are able to create fresh and appealing food and beverage products that evoke interest in customers by combining distinctive and trendy flavors.
US is expected to account for the largest market share in 2023.
The US has a significant, wealthy consumer base with significant purchasing power. American consumers are renowned for their openness to trying out novel goods and experimenting with emerging culinary trends. The need for specialty food ingredients is driven by consumer values ​​for convenience, quality, and diversity in their food options.
Major players operating in the specialty food ingredients market report are ADM (US), DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Kerry Group plc. (Ireland), Givaudan (Switzerland), Cargill, Incorporated (US), Sensient Technologies Corporation (US), Ingredion. (US), Chr. Hansen Holding A/S (Denmark), and Tate & Lyle (UK).
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