The Asia Pacific Specialty Food Ingredients Market size has been estimated at USD 12.67 Billion in 2021 and is projected to reach USD 17.69 Billion by 2026, at a CAGR of 6.9% during the forecast period from 2021 to 2026.
Specialty Food ingredients provide unique color, textures, nutrients, functionalities and flavors to the cooked or processed food products. They are added to enhance taste and flavor to the processed food items. Specialty food ingredients are able to meet customer’s demands owing to their unique features including processing aids, coloring, preservation, emulsification and nutritional enhancement.
The market for Specialty Food Ingredients in Asia Pacific is mainly driven due to changing consumer consumption trends towards health and wellness food products, increase in demand for personal care products, and increasing per capita revenue in emerging economies. But, the market growth can be constrained due to factors like food security concerns, regulations, limited raw material accessibility, expenditure and scientific barrier.
Asia Pacific market for Specialty Food Ingredients is segmented based on Ingredients and Application. By ingredients, the market is further sub-segmented into Functional Food Ingredients, Sugar Substitutes, Flavors, Specialty Starches, Acidulants, Preservatives, Emulsifiers and Colors, Enzymes, F&B Starter cultures, Nutraceuticals. By Application, the market is further sub-segmented into Bakery & Confectionery, Beverages, Dairy & Frozen foods, Convenience foods, Meat Products & Functional Foods and Beverages, Dietary Supplements. Functional Food Ingredients segment dominate the market with the largest share and demand, while, Nutraceuticals segment is escalating in the market with high CAGR.
Geographically, Asia-Pacific market for Specialty Food Ingredients is segmented into China, India, Japan, South Korea and Australia. The Specialty Food Ingredients market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to economic growth and the shift of the preferences of the consumers towards value added food. The rapidly developing food and beverage sector and leading market players introducing numerous specialty ingredients is driving the market in this region.
Key Players in the Market:
Major key Players in the APAC Specialty Food Ingredients Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Ingredient
5.1.1 Functional Food Ingredients
5.1.1.1 Proteins and Amino Acids
5.1.1.2 Vitamins
5.1.1.3 Minerals
5.1.1.4 Prebiotics
5.1.1.5 Probiotics
5.1.1.6 Hydrocolloids
5.1.1.7 Essential Oil
5.1.1.8 Omega-3 Fatty Acids
5.1.1.9 Carotenoids
5.1.2 Sugar Substitutes
5.1.2.1 High Fructose Syrup
5.1.2.2 High Intensity Sweeteners
5.1.2.3 Low Intensity Sweeteners
5.1.3 Flavors
5.1.3.1 Natural Extracts
5.1.3.2 Aroma Chemicals
5.1.3.3 Essential Oil
5.1.3.4 Micro-Organisms
5.1.4 Specialty Starches
5.1.4.1 Etherified Starch
5.1.4.2 Esterified Starch
5.1.4.3 Resistant Starch
5.1.4.4 Pre-Gelatinized
5.1.5 Preservatives
5.1.5.1 Natural
5.1.5.2 Synthetic
5.1.5.3 Others
5.1.6 Acidulants
5.1.7 Emulsifiers and Colors
5.1.8 Enzymes
5.1.9 Nutraceuticals
5.1.10 F&B Starter cultures
5.2 By Application
5.2.1 Bakery & Confectionery
5.2.2 Beverages
5.2.3 Dairy & Frozen foods
5.2.4 Convenience foods
5.2.5 Meat Products
5.2.6 Functional Foods and Beverages
5.2.7 Dietary Supplements
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Archer Daniel Midland
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Royal DSM N.V.
8.3 Kerry Groups
8.4 Cargill Inc.
8.5 E. I. DuPont de Nemours and Company
8.6 Givaudan Flavors
8.7 Sensient Technologies
8.8 , CHR. Hansen
8.9 Ingredion Incorporated
8.10 Tate & Lyle PLC
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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