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The Specialty Food Ingredients Market is projected to reach $250.44 billion by 2030, at a CAGR of 5.6% during the forecast period of 2023–2030. In terms of volume, the specialty food ingredients market is projected to reach 79,704.9 KT by 2030, at a CAGR of 4.5% during the forecast period of 2023–2030. The growth of this market is driven by the consumers’ changing preferences, driving the demand for specialty ingredients in the food & beverage sector, growing health consciousness among consumers, the growing adoption of convenience foods, and increasing partnerships and distribution agreements among specialty food ingredients manufacturers.
However, specialty food ingredients’ short shelf life and low stability hamper the growth of this market to some extent. New product launches and technological innovations in the specialty food ingredients space are expected to provide market growth opportunities for the stakeholders operating in this market. Moreover, the growing demand for natural, organic, and clean-label ingredients is a prominent trend in the specialty food ingredients market. The following are the top 10 companies in the specialty food ingredients market.
Here are the top 10 companies operating in the Specialty Food Ingredients Market
Founded in 1865 and headquartered in Minnesota, U.S., Cargill, Incorporated is involved in the manufacturing and marketing of food, agriculture, industrial, and financial services worldwide. The company offers various products & services for agriculture, food & beverage, beauty, bio-industrial, animal nutrition, industrial, pharmaceutical, meat & poultry, risk management, supplements, and transportation industries. Under the food & beverage category, the company offers products such as acidulants, dry corn ingredients, emulsifiers, health-promoting ingredients, high maltose syrups, hydrocolloids, lecithin, proteins, salt, starches & derivatives, sweeteners, toppings, alcohol, cocoa & chocolate, sauces & fillers, texturizers & specialty ingredients, and others.
The company operates in more than 70 countries and has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Archer-Daniels-Midland Company
Founded in 1902 and headquartered in Illinois, U.S., Archer-Daniels-Midland Company (ADM) is a global food processing and commodities trading company. The company’s operations are organized, managed, and classified into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The company offers a wide range of ingredients and solutions, including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, acidulants, and other specialty food and feed ingredients.
Furthermore, the company’s product portfolio also includes alternative proteins, botanicals, microbiome solutions, texturants, vantage corn processors, edible & specialty oils, dispersants, biodiesel, industrial oils, fertilizers, ethanol, specialty health solutions, feed additives & ingredients, premixes, macro ingredients, complete feed, and aquaculture solutions. The company offers specialty food ingredient products through its Carbohydrate Solutions and Nutrition business segment.
The company’s global supply chain includes approximately 450 crop procurement locations, over 330 ingredient manufacturing facilities, and 62 innovation centers. With its subsidiaries and strong distribution network in more than 190 countries, the company has a strong geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Founded in 1972 and headquartered in Tralee, Ireland, Kerry Group is engaged in developing, manufacturing, and marketing several taste and nutritional ingredients for the food, beverage, and pharmaceutical markets. The company operates through two business segments: Taste & Nutrition and Dairy Ireland. The company offers specialty food ingredients products through both business segments. The company provides products to several industries, including dairy, bakery and snacks, beverages, emulsifiers, seasonings, savory, sweet flavours and extracts, food & beverage enzymes, food & beverage plant-based solutions, readymade frozen meals, meat & meat alternative products, proteins, pharmaceuticals, and among others.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Koninklijke DSM N.V.
Founded in 1902 and headquartered in Heerlen, Netherlands, Koninklijke DSM N.V. provides solutions for human and animal health and nutrition. The company operates through four business segments: Animal Nutrition & Health, Health Nutrition & Care, Food & Beverage, and Other. The company offers specialty food ingredients through its food & beverage business segment. The company product’s portfolio includes enzymes, flavors, colors, proteins, antioxidants, vitamins, preservatives, starter cultures, hydrocolloids, and other ingredients.
The company provides solutions to food & beverage, personal care, animal feed & pet food, pharmaceutical, and other industries. The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Founded in 1906 and headquartered in Illinois, U.S., Ingredion Incorporated is involved in producing and selling different types of starch, sweeteners, nutritional ingredients, and biomaterial solutions for a wide range of industries. Ingredion provides ingredients used in food, beverage, brewing (food and beverage ingredients), and animal nutrition. The company operates through five business segments: Food, Beverages, Brewing, Animal Nutrition, and Others. The company’s product portfolio includes starch products, sweetener products, co-products, and others (specialty ingredients). The company offers various ingredients, such as encapsulants & emulsifiers, extracts, fiber, flours, hydrocolloids, prebiotics, plant-based proteins, starches, and sweeteners and solutions for almost 60 industry sectors across more than 40 countries.
The company has 47 manufacturing facilities and a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Meticulous Research in its latest publication on Specialty Food Ingredients Market has predicted the growth of 5.6% during the forecast year 2023-2030.
Tate & Lyle PLC
Founded in 1859 and headquartered in London, U.K., Tate & Lyle PLC is engaged in the manufacturing and distribution of healthier food and beverage ingredients. The company operates through three business segments: Food & Beverage Solutions, Sucralose, and Primary Products Europe. The company provides sweeteners, starches, soluble fibers, plant-based ingredients, and other ingredients. The company offers specialty food ingredients for beverages, dairy, soups, sauces, dressings, confectionery, cereals, bakery, and snacks.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Founded in 1895 and headquartered in Vernier, Switzerland, Givaudan SA manufactures and markets flavors, fragrances, and active cosmetic ingredients. The company operates through two business segments: Taste & Wellbeing and Fragrance & Beauty. Givaudan offers specialty food ingredients products through its Taste & Wellbeing business segment. Under the Taste & Wellbeing business segment, the company offers flavors, ingredients, taste, functional, and nutritional solutions.
With its subsidiaries and strong distribution network in more than 52 countries, the company has a strong geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Chr. Hansen Holding A/S
Founded in 1874 and headquartered in Hørsholm, Denmark, Chr. Hansen Holding A/S is a biosciences company engaged in developing and selling natural solutions for the food, nutraceuticals, pharmaceuticals, and agriculture industries. The company operates through two business segments: Food Cultures & Enzymes and Human Health & Nutrition. Under both business segments, the company offers specialty food ingredient products, including probiotics, starter cultures, colorants, and food enzymes and cultures. The company also offers plant health and animal health-related products.
With 14 production sites, three R&D centers, and more than 25 application centers, the company has a geographic presence in more than 140 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Founded in 1935 and headquartered in London, U.K., Associated British Foods plc is involved in food, ingredients, and retail. The company operates through five business segments: Sugar, Agriculture, Retail, Grocery, and Ingredients. The company offers specialty food ingredients products through its Ingredients business segment. The ingredient business segment comprises yeast and bakery ingredients and supplies specialty ingredients for the food, human and animal nutrition, pharmaceutical, and industrial sectors. The company offers specialty food ingredients products through its members, namely, AB Enzymes GmbH (Germany), ABF Ingredients Limited (U.K.), ABITEC Corporation (U.S.), Ohly (Part of ABF Ingredients Limited), PGP International, Inc. (Part of ABF Ingredients Limited) (U.S.), and Anzchem Pty Ltd (U.S.).
With a strong customer base in more than 100 countries, the company has a strong geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
BASF SE
Founded in 1865 and headquartered in Ludwigshafen, Germany, BASF manufactures and markets different products and services in the chemical industry. The company operates through six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company offers products for agriculture, automotive & transportation, chemicals, coatings solutions, construction, electronics & electric, energy & resources, furniture & wood, nutrition, personal care & hygiene, pharmaceuticals, and other industries. The company offers specialty food ingredients products through its Nutrition & Care business segment. In the Nutrition & Care business segment, it offers health ingredients, food performance ingredients, colorants, beverage stabilizers, and animal nutrition products.
With its subsidiaries and strong distribution network in more than 90 countries, the company has a strong geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Authoritative Research on the Specialty Food Ingredients Market- Global Opportunity Analysis and Industry Forecast (2023-2030)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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