The North America Specialty Food Ingredients Market has been estimated at USD 19.01 Billion in 2021 and is projected to reach USD 21 Billion by 2026, at a CAGR of 5.3% during the forecast period from 2021 to 2026.
Specialty Food ingredients are added to enhance taste and flavor to the processed food items. They help in enhancing shelf-life, stability and texture of the food products. They are used by food and beverage industry in order to be 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 North America is mainly driven due to rising rate of diabetes and obesity which is prompting the consumer to focus more on healthier lifestyles, which is in turn increasing the demand for health and wellness food ingredients. Also, growing brewery industry and the occurrence of high complexity of procedures is increasing the demand for enzymes and starter cultures and thus, aiding to the market growth. But, the market growth can be constrained due to adherence to stringent regulatory guidelines by food administration department and governments.
North America 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 largest share and demand, while, Nutraceuticals segment is escalating in the market with high CAGR.
Geographically the North America Specialty Food Ingredients Market is segmented into US, Canada and Rest of North America. North America is the biggest market in terms of market share across the globe. With huge percentage of population suffering from obesity and diabetic risks, there is demand for functional foods and specialty food ingredients in U.S. Processing industries are keen on getting the right formulation to present the best food product to the consumer through specialty food ingredients in this region.
Key Players in the Market:
Major Key Players in the North America 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 United States
6.3 Canada
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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