出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年7月
特殊食品原料市場 : タイプ (酸味料、着色料、香料、酵素、乳化剤、F&B種菌、保存料、機能性食品原料、特殊デンプン、砂糖代替品)、流通チャネル – 2028年までの世界予測
Specialty Food Ingredients Market by Type (Acidulant, Colors, Flavors, Enzymes, Emulsifiers, F&B Starter Culture, Preservatives, Functional Food Ingredients, Specialty Starches, Sugar Substitutes), Distribution Channel – Global Forecast to 2028
| ページ数 | 473 |
| 図表数 | 396 |
| 種別 | 英文調査報告書 |
| 価格 |
The specialty food ingredients market is projected to grow from USD 179.8 Billion in 2023 to USD 240.9 Billion by 2028, at a CAGR of 6.0% during the forecast period. The increasing global population, coupled with urbanization trends, has a direct impact on the specialty food ingredients market. As more people move to urban areas, the demand for ready-to-eat food and beverage products rises, creating a higher demand for specialty food ingredients.
The sugar substitutes segment in ingredient type is expected to be one of the dominant segments in the market.
Consumers are looking for healthier substitutes as they become more aware of the harmful health implications of excessive sugar consumption, such as obesity, diabetes, and tooth decay. According to the National Library of Medicine (US) survey on “Consumer willingness to pay for healthier food products”, the majority of consumers, as observed in 88.5% of the 26 experiments, are willing to pay a price premium ranging from 5.6% to 91.5% (with a mean of 30.7%) for healthier food options. This consumer behavior aligns with the growing demand for specialty food ingredients, which often cater to the preferences of health-conscious individuals seeking nutritious and better-for-you products. With no taste loss, sugar alternatives provide a means to cut calories and control blood sugar levels. The market for sugar alternatives, including artificial sweeteners like aspartame, saccharin, and stevia-based natural sweeteners, is increasing as health consciousness spreads.
The expansion of the sugar replacements ingredient type category has been spurred by a mix of factors, including increased health consciousness, the prevalence of diabetes, governmental backing, technical advancements, and product diversity. The market for sugar substitutes is anticipated to increase steadily over the next few years as people look for healthier alternatives to regular sugar.
Food color is one of the segments that is projected to grow in the ingredient type segment during the forecast period.
Food colors are essential for improving the aesthetic appeal of food and drink items. Bright, eye-catching colors can draw customers and make things more alluring. Food manufacturers use a wide variety of both artificial and natural food colors to distinguish their goods in a competitive marketplace. In industries like candy, bakery, and drinks, where visual appeal plays a big role in consumer purchasing decisions, eye-catching colors are especially crucial.
The food color category within specialty food ingredients is expected to have consistent expansion as customer desires for aesthetically pleasing, natural, and secure food products continue to drive the market. The industry’s emphasis on innovation, the use of colors as a tool for product distinction, consumer perception, and legal compliance are driving the expansion of this segment.
The break-up of the profile of primary participants in the specialty food ingredients market:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C Level – 45%, Director Level – 30%, Others-25%
• By Region: Asia Pacific – 35%, Europe – 30%, North America – 25%, and Rest of the World – 10%
Prominent companies include ADM (US), DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Kerry Group plc. (Ireland), Cargill, Incorporated (US) and among others.
Research Coverage:
This research report categorizes the specialty food ingredients market by Type (Acidulant, Colors, Flavors, Enzymes, Emulsifiers, F&B Starter Culture, Preservatives, Functional Food Ingredients, Specialty Starches, Sugar Substitutes), Distribution Channel (Distributors and Manufacturers) and Region (North America, Europe, Asia Pacific, South America, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the specialty food ingredients market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the specialty food ingredients market. Competitive analysis of upcoming startups in the specialty food ingredients market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall specialty food ingredients market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Growth in demand for fortified food owing to rising health awareness, Shift in consumer preferences for food & beverages), restraints (High cost and limited availability of raw materials, Increase in instances of allergies and intolerances related to few ingredients), opportunity (Rise in the number of end-use applications, Product-based and technological innovations in the ingredient industry), and challenges (Lack of consistency in regulations about various ingredients, Threat of substitutes) influencing the growth of the specialty food ingredients market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the specialty food ingredients market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the specialty food ingredients market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the specialty food ingredients market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ADM (US), DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Kerry Group plc. (Ireland), Cargill, Incorporated (US) among others in the specialty food ingredients market strategies. The report also helps stakeholders understand the specialty food ingredients market and provides them with information on key market drivers, restraints, challenges, and opportunities.
目次
1 INTRODUCTION 47
1.1 STUDY OBJECTIVES 47
1.2 MARKET DEFINITION 47
1.3 MARKET SEGMENTATION 48
FIGURE 1 SPECIALTY FOOD INGREDIENTS MARKET SEGMENTATION 48
1.3.1 INCLUSIONS & EXCLUSIONS 50
TABLE 1 INCLUSIONS AND EXCLUSIONS 50
1.4 REGIONS COVERED 50
1.5 PERIODIZATION CONSIDERED 51
1.6 UNITS CONSIDERED 51
1.6.1 VALUE/CURRENCY UNIT 51
TABLE 2 US DOLLAR EXCHANGE RATES CONSIDERED, 2020–2022 52
1.6.2 VOLUME UNIT 52
1.7 STAKEHOLDERS 52
1.8 SUMMARY OF CHANGES 53
1.8.1 RECESSION IMPACT 53
2 RESEARCH METHODOLOGY 54
2.1 RESEARCH DATA 54
FIGURE 2 SPECIALTY FOOD INGREDIENTS MARKET: RESEARCH DESIGN 54
2.1.1 SECONDARY DATA 55
2.1.1.1 Key data from secondary sources 55
2.1.2 PRIMARY DATA 56
2.1.2.1 Key data from primary sources 56
2.1.2.2 Key industry insights 57
2.1.2.3 Breakdown of primary interviews 57
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 57
2.2 MARKET SIZE ESTIMATION 58
2.2.1 BOTTOM-UP APPROACH 59
FIGURE 4 SPECIALTY FOOD INGREDIENTS MARKET: BOTTOM-UP APPROACH 59
2.2.2 TOP-DOWN APPROACH 60
FIGURE 5 SPECIALTY FOOD INGREDIENTS MARKET: TOP-DOWN APPROACH 60
2.3 DATA TRIANGULATION 61
FIGURE 6 DATA TRIANGULATION 61
2.4 RESEARCH ASSUMPTIONS 62
2.5 RESEARCH LIMITATIONS 62
2.6 RECESSION IMPACT ANALYSIS 63
2.6.1 MACRO INDICATORS OF RECESSION 63
FIGURE 7 INDICATORS OF RECESSION 63
FIGURE 8 GLOBAL INFLATION RATE, 2012–2022 63
FIGURE 9 GLOBAL GROSS DOMESTIC PRODUCT, 2012–2022 (USD TRILLION) 64
FIGURE 10 RECESSION INDICATORS AND THEIR IMPACT ON SPECIALTY FOOD INGREDIENTS MARKET 65
FIGURE 11 SPECIALTY FOOD INGREDIENTS MARKET: CURRENT FORECAST VS. RECESSION FORECAST 66
3 EXECUTIVE SUMMARY 67
TABLE 3 SPECIALTY FOOD INGREDIENTS MARKET SNAPSHOT, 2023 VS. 2028 68
FIGURE 12 SPECIALTY FOOD INGREDIENTS MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 69
FIGURE 13 SPECIALTY FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2023 VS. 2028 (USD MILLION) 69
FIGURE 14 SPECIALTY FOOD INGREDIENTS MARKET SHARE (VALUE), BY REGION, 2022 70
4 PREMIUM INSIGHTS 71
4.1 ATTRACTIVE OPPORTUNITIES FOR SPECIALTY FOOD INGREDIENTS MARKET PLAYERS 71
FIGURE 15 RISE IN DEMAND FOR CLEAN-LABEL PRODUCTS TO DRIVE GROWTH OF SPECIALTY FOOD INGREDIENTS MARKET 71
4.2 SPECIALTY FOOD INGREDIENTS MARKET: MAJOR REGIONAL SUBMARKETS FOR DISTRIBUTORS 72
FIGURE 16 ASIA PACIFIC WAS PROMINENT MARKET GLOBALLY FOR SPECIALTY FOOD INGREDIENT DISTRIBUTORS IN 2022 72
4.3 SPECIALTY FOOD INGREDIENTS MARKET, BY TYPE 73
FIGURE 17 FUNCTIONAL FOOD INGREDIENTS TO DOMINATE MARKET BY 2028 73
4.4 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE 74
FIGURE 18 PROBIOTICS TO ACCOUNT FOR LARGEST FUNCTIONAL FOOD INGREDIENTS MARKET SHARE BY 2028 74
4.5 SUGAR SUBSTITUTES MARKET, BY TYPE 74
FIGURE 19 HIGH-INTENSITY SWEETENERS TO LEAD SUGAR SUBSTITUTES MARKET THROUGH 2028 74
5 MARKET OVERVIEW 75
5.1 INTRODUCTION 75
5.2 MARKET DYNAMICS 75
FIGURE 20 SPECIALTY FOOD INGREDIENTS: MARKET DYNAMICS 75
5.2.1 DRIVERS 76
5.2.1.1 Growth in demand for fortified food owing to rising health awareness 76
FIGURE 21 AUSTRALIA: RETAIL SALES OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS, 2018–2022 (USD MILLION) 77
5.2.1.1.1 Demand for functional food ingredients due to increase in instances and economic burden of chronic diseases 77
FIGURE 22 CHRONIC DISEASES WERE AMONG TOP 10 CAUSES OF DEATH WORLDWIDE ACROSS ALL AGES, 2019 78
5.2.1.1.2 Consumer awareness of micronutrient deficiencies 78
5.2.1.1.3 Malnutrition across regions 78
FIGURE 23 PREVALENCE OF MALNUTRITION IN CHILDREN ACROSS ALL MAJOR ECONOMIES, 2022 79
5.2.1.1.4 Partnerships between key players to address nutritional deficiencies 79
5.2.1.2 Shift in consumer preferences for food & beverages 79
FIGURE 24 US: CONSUMER CHECKS FOR LABEL AND NUTRITIONAL INFORMATION PANEL (NIP) OF FOOD PRODUCTS, 2019 80
5.2.1.2.1 Shift toward plant-based ingredients and proteins 80
FIGURE 25 US: PLANT-BASED FOODS AND SALES GROWTH, BY CATEGORY, 2022 (USD BILLION) 81
5.2.1.2.2 Demand for natural, organic, and clean-label products 81
5.2.1.2.3 Increase in inclination toward premium and branded products 82
5.2.1.3 Increase in government support in major economies 82
5.2.1.3.1 Mandates on food fortification by government organizations 83
5.2.1.4 Consumer demand for nutrition and taste convergence 83
5.2.1.5 Rise in demand for convenience, ready-to-eat, and packaged foods 83
5.2.2 RESTRAINTS 84
5.2.2.1 High cost and limited availability of raw materials 84
5.2.2.1.1 Limited raw material availability due to seasonal changes 84
5.2.2.2 Use of artificial/synthetic ingredients in various applications resulting in health hazards 84
5.2.2.3 Increase in instances of allergies and intolerances related to few ingredients 85
5.2.3 OPPORTUNITIES 85
5.2.3.1 Rise in number of end-use applications 85
5.2.3.1.1 Synergy between ingredients owing to multifunctional attributes 85
5.2.3.1.2 Increase in consumption of processed food 86
FIGURE 26 CONTRIBUTION OF FOODS IN DIETS, 2019 86
5.2.3.1.3 Rapidly growing beverage and functional drinks sales 86
FIGURE 27 CHINA: SALES OF VARIOUS TYPES OF BEVERAGES, 2021 87
FIGURE 28 US: IMPORT OF BEVERAGE PRODUCTS, 2015–2022 (USD MILLION) 87
5.2.3.2 Product-based and technological innovations in ingredient industry 87
TABLE 4 RECENT NEW PRODUCT LAUNCHES, BY KEY PLAYERS, 2020 88
5.2.3.2.1 Use of encapsulation technology 88
5.2.3.3 Emerging economies present high-growth opportunities due to rise in food processing investments 89
FIGURE 29 ANNUAL GDP GROWTH OF EMERGING ECONOMIES, 2012–2022 89
5.2.4 CHALLENGES 89
5.2.4.1 Lack of consistency in regulations about various ingredients 89
5.2.4.2 Increase in competition due to presence of low-cost ingredients 90
5.2.4.3 Growth in pressure on global resources and need to tap new raw materials 91
6 INDUSTRY TRENDS 92
6.1 INTRODUCTION 92
6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 92
FIGURE 30 REVENUE SHIFT FOR SPECIALTY FOOD INGREDIENTS MARKET 93
6.3 VALUE CHAIN ANALYSIS 93
FIGURE 31 SPECIALTY FOOD INGREDIENTS MARKET: VALUE CHAIN ANALYSIS 93
6.3.1 RESEARCH & DEVELOPMENT 94
6.3.2 SOURCING OF RAW MATERIALS 94
6.3.3 PRODUCTION & PROCESSING 94
6.3.4 DISTRIBUTION, MARKETING, AND SALES 94
6.4 TECHNOLOGY ANALYSIS 94
6.4.1 PROTECTION OF SPECIALTY FOOD INGREDIENTS USING ENCAPSULATION 95
6.5 MARKET MAPPING 96
FIGURE 32 ECOSYSTEM MAP 96
FIGURE 33 SPECIALTY FOOD INGREDIENTS MARKET MAP 97
TABLE 5 SPECIALTY FOOD INGREDIENTS MARKET: ECOSYSTEM 97
6.5.1 SUPPLY SIDE 98
FIGURE 34 PRODUCT DEVELOPMENT AND MANUFACTURING PLAY VITAL ROLE IN SPECIALTY FOOD INGREDIENTS SUPPLY CHAIN 99
6.6 TRADE ANALYSIS 99
TABLE 6 TOP 10 EXPORTERS AND IMPORTERS OF ENZYMES, 2022 (USD THOUSAND) 99
TABLE 7 TOP 10 EXPORTERS AND IMPORTERS OF ENZYMES, 2022 (TON) 100
TABLE 8 TOP 10 EXPORTERS AND IMPORTERS OF VITAMINS AND PROVITAMINS, 2022 (USD THOUSAND) 100
TABLE 9 TOP 10 EXPORTERS AND IMPORTERS OF VITAMINS AND PROVITAMINS, 2022 (TON) 101
TABLE 10 TOP 10 EXPORTERS AND IMPORTERS OF DEXTRINS AND MODIFIED STARCHES, 2022 (USD THOUSAND) 101
TABLE 11 TOP 10 EXPORTERS AND IMPORTERS OF DEXTRINS AND MODIFIED STARCHES, 2022 (TON) 102
6.7 PATENT ANALYSIS 102
FIGURE 35 PATENTS GRANTED FOR SPECIALTY FOOD INGREDIENTS MARKET, 2013–2022 103
TABLE 12 KEY PATENTS ABOUT SPECIALTY FOOD INGREDIENTS MARKET, 2021–2023 104
6.8 PORTER’S FIVE FORCES ANALYSIS 105
FIGURE 36 HIGH INTENSITY OF COMPETITIVE RIVALRY OWING TO STRONG FOCUS ON NEW PRODUCT INNOVATIONS BY KEY PLAYERS 105
TABLE 13 SPECIALTY FOOD INGREDIENTS MARKET: PORTER’S FIVE FORCES ANALYSIS 106
6.8.1 INTENSITY OF COMPETITIVE RIVALRY 106
6.8.2 BARGAINING POWER OF SUPPLIERS 106
6.8.3 BARGAINING POWER OF BUYERS 106
6.8.4 THREAT FROM NEW ENTRANTS 106
6.8.5 THREAT FROM SUBSTITUTES 107
6.9 CASE STUDY ANALYSIS 107
6.9.1 MIND RIGHT’S PLANT-BASED BARS WAS FORMULAED TO FOCUS ON MENTAL HEALTH ISSUES 107
6.10 PRICING ANALYSIS 107
6.10.1 SPECIALTY FOOD INGREDIENTS MARKET, BY TYPE 107
TABLE 14 SPECIALTY FOOD INGREDIENTS MARKET: AVERAGE SELLING PRICE, BY TYPE, 2018-2023 (USD/KG) 108
TABLE 15 SPECIALTY FOOD INGREDIENTS MARKET: AVERAGE SELLING PRICE, BY REGION, 2018-2023 (USD/KG) 108
6.11 REGULATORY FRAMEWORK 109
6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 109
TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 109
TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 109
TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 110
6.12 NORTH AMERICA: REGULATIONS 111
6.12.1 REGULATIONS FOR ENZYMES 111
TABLE 19 ENZYME PREPARATION APPROVED-FOOD ADDITIVES LISTED IN 21 CFR 173 112
TABLE 20 ENZYME PREPARATION SPECIFIED IN FOOD STANDARDS 112
TABLE 21 ENZYME PREPARATIONS AFFIRMED AS GRAS LISTED IN 21 CFR 184 112
6.12.2 REGULATIONS FOR SUGAR SUBSTITUTES 113
6.12.2.1 US 113
6.12.2.2 Canada 114
6.12.3 REGULATIONS FOR MEAT SUBSTITUTES 114
6.12.3.1 US 114
6.12.3.1.1 Wheat protein 114
6.12.3.1.2 Soy protein 115
6.12.3.2 Canada 116
6.12.3.2.1 Soy protein 116
6.12.4 REGULATIONS FOR FOOD COLORS 116
TABLE 22 COMMON COLOR ADDITIVES EXEMPTED FROM CERTIFICATION 117
6.12.5 REGULATIONS FOR FLAVORS 117
6.13 EUROPE: REGULATIONS 118
6.13.1 REGULATIONS FOR ENZYMES 118
TABLE 23 EUROPE: LIST OF PERMITTED ENZYMES 118
6.13.1.1 EU legislation relevant to food enzymes 118
6.13.2 REGULATIONS FOR FOOD ADDITIVES 118
6.13.2.1 Hydrocolloids 119
TABLE 24 LIST OF HYDROCOLLOIDS USED IN FOOD INDUSTRY 119
6.13.2.2 Carotenoids 120
6.13.2.3 UK 120
6.13.3 REGULATIONS FOR MEAT SUBSTITUTES 121
6.13.3.1 Wheat protein 121
6.13.3.2 Soy protein 121
6.13.4 REGULATIONS FOR FOOD FLAVORS 121
6.14 ASIA AND AUSTRALIA & NEW ZEALAND: REGULATIONS 122
6.14.1 REGULATIONS FOR ENZYMES 122
6.14.2 REGULATIONS FOR FOOD ADDITIVES 122
6.14.3 REGULATIONS FOR SUGAR SUBSTITUTES 122
6.14.3.1 Hong Kong 122
6.14.4 REGULATIONS FOR MEAT SUBSTITUTES 123
6.14.4.1 India 123
6.14.4.1.1 Wheat protein usage level recommendation of Food Safety and Standards Authority of India (FSSAI) 123
6.15 CODEX ALIMENTARIUS 124
6.15.1 REGULATIONS FOR FOOD ADDITIVES 124
6.15.2 REGULATIONS FOR SUGAR SUBSTITUTES 124
TABLE 25 LIST OF NON-NUTRITIVE SWEETENERS: MAXIMUM USAGE LEVEL 125
6.15.3 REGULATIONS FOR DIETARY FIBERS 125
6.15.3.1 Prosky method 126
6.15.3.2 McCleary method 126
6.15.3.3 Rapid integrated total dietary fiber 126
6.16 KEY STAKEHOLDERS AND BUYING CRITERIA 126
6.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 126
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FUNCTIONAL FOOD INGREDIENT TYPES 127
TABLE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FUNCTIONAL FOOD INGREDIENT TYPES 127
6.16.2 BUYING CRITERIA 127
TABLE 27 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS OF FUNCTIONAL FOOD INGREDIENTS 128
FIGURE 38 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 128
6.17 KEY CONFERENCES & EVENTS 129
TABLE 28 SPECIALTY FOOD INGREDIENTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023–2024 129
7 RECESSION IMPACT ANALYSIS, BY REGION 131
7.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 131
FIGURE 39 NORTH AMERICA: SPECIALTY FOOD INGREDIENTS MARKET, RECESSION IMPACT ANALYSIS 132
7.2 EUROPE: RECESSION IMPACT ANALYSIS 132
FIGURE 40 EUROPE: SPECIALTY FOOD INGREDIENTS MARKET, RECESSION IMPACT ANALYSIS 133
7.3 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 133
FIGURE 41 ASIA PACIFIC: SPECIALTY FOOD INGREDIENTS MARKET SNAPSHOT 134
7.4 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 134
FIGURE 42 SOUTH AMERICA: SPECIALTY FOOD INGREDIENTS MARKET, RECESSION IMPACT ANALYSIS 135
7.5 ROW: RECESSION IMPACT 135
FIGURE 43 ROW: SPECIALTY FOOD INGREDIENTS MARKET, RECESSION IMPACT ANALYSIS 135
8 ACIDULANTS MARKET 136
8.1 INTRODUCTION 137
8.2 ACIDULANTS MARKET, BY APPLICATION 138
8.2.1 INCREASE IN DEMAND FOR CARBONATED BEVERAGES & SOFT DRINKS 138
TABLE 29 APPLICATIONS OF ACIDULANTS 138
TABLE 30 ACIDULANTS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 139
TABLE 31 ACIDULANTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 139
TABLE 32 ACIDULANTS MARKET, BY FOOD APPLICATION, 2018–2022 (USD MILLION) 140
TABLE 33 ACIDULANTS MARKET, BY FOOD APPLICATION, 2023–2028 (USD MILLION) 140
8.2.1.1 Beverages 140
8.2.1.1.1 Citric acid: Widely used food additive owing to acidifying and flavor-enhancing qualities 140
8.2.1.2 Food 141
8.2.1.2.1 Increase in demand for convenience foods 141
8.2.1.2.2 Sauces, dressings, and condiments 141
8.2.1.2.2.1 High demand for acidulants in Asian cuisines 141
8.2.1.2.3 Processed foods 142
8.2.1.2.3.1 Increase in investments in food ingredients 142
8.2.1.2.4 Meat, poultry, and seafood 142
8.2.1.2.4.1 Need to inhibit microbial growth on meat 142
8.2.1.2.5 Bakery & confectionery 143
8.2.1.2.5.1 Demand for extended shelf life of bakery products 143
8.2.1.2.6 Other food applications 143
8.3 ACIDULANTS MARKET, BY REGION 143
8.3.1 INCREASE IN END-USER APPLICATIONS ACROSS REGIONS DUE TO MULTIFUNCTIONAL ATTRIBUTES OF ACIDULANTS 143
FIGURE 44 CHINA AND GERMANY TO GROW AT HIGHEST RATES DURING FORECAST PERIOD IN ACIDULANTS MARKET 144
TABLE 34 ACIDULANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 144
TABLE 35 ACIDULANTS MARKET, BY REGION, 2023–2028 (USD MILLION) 145
TABLE 36 ACIDULANTS MARKET, BY REGION, 2018–2022 (KT) 145
TABLE 37 ACIDULANTS MARKET, BY REGION, 2023–2028 (KT) 145
8.3.1.1 North America 146
TABLE 38 NORTH AMERICA: ACIDULANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 147
TABLE 39 NORTH AMERICA: ACIDULANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 147
8.3.1.2 Europe 147
TABLE 40 EUROPE: ACIDULANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 148
TABLE 41 EUROPE: ACIDULANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 148
8.3.1.3 Asia Pacific 148
TABLE 42 ASIA PACIFIC: ACIDULANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 149
TABLE 43 ASIA PACIFIC: ACIDULANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 149
8.3.1.4 South America 150
TABLE 44 SOUTH AMERICA: ACIDULANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 150
TABLE 45 SOUTH AMERICA: ACIDULANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 150
8.3.1.5 RoW 151
TABLE 46 ROW: ACIDULANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 151
TABLE 47 ROW: ACIDULANTS MARKET, BY REGION, 2023–2028 (USD MILLION) 151
9 COLORS MARKET 152
9.1 INTRODUCTION 153
9.2 COLORS MARKET, BY ORIGIN 155
9.2.1 RISE IN DEMAND FOR CLEAN-LABEL NATURAL INGREDIENTS 155
TABLE 48 COLORS MARKET, BY ORIGIN, 2018–2022 (USD MILLION) 155
TABLE 49 COLORS MARKET, BY ORIGIN, 2023–2028 (USD MILLION) 155
9.2.2 NATURAL 156
9.2.2.1 Increase in demand for natural safe-to-use food colors 156
9.2.3 SYNTHETIC 156
9.2.3.1 Demand for visually appealing colors in food products 156
9.2.4 NATURE-IDENTICAL 157
9.2.4.1 Low costs of nature-identical colors 157
9.3 COLORS MARKET, BY APPLICATION 157
9.3.1 GROWTH IN DEMAND FOR JUICES & FUNCTIONAL BEVERAGES 157
TABLE 50 COLORS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 158
TABLE 51 COLORS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 158
TABLE 52 COLORS MARKET, BY FOOD APPLICATION, 2018–2022 (USD MILLION) 158
TABLE 53 COLORS MARKET, BY FOOD APPLICATION, 2023–2028 (USD MILLION) 159
9.3.2 BEVERAGES 159
9.3.2.1 Availability of new, refreshing, and healthier juices and beverages 159
9.3.3 FOOD 160
9.3.3.1 Growth in preference for healthy natural ingredients 160
9.3.3.2 Processed food 160
9.3.3.2.1 Increase in demand for clean-label ingredients in processed food products 160
9.3.3.3 Bakery & confectionery 161
9.3.3.3.1 Nature-identical food colors such as carmine and lycopene used in cakes and bread 161
9.3.3.4 Meat, poultry, and seafood 162
9.3.3.4.1 Natural food coloring such as curing to provide stable red muscle pigment 162
9.3.3.5 Oils & fats 162
9.3.3.5.1 Colors in cooking oil enhance visual appeal of product 162
9.3.3.6 Dairy products 163
9.3.3.6.1 Natural food colors work well in sugar-free applications 163
9.3.3.7 Other food applications 163
9.4 COLORS MARKET, BY REGION 164
9.4.1 RISE IN PROCESSED FOOD CONSUMPTION ACROSS REGIONS 164
FIGURE 45 COLORS MARKET: REGIONAL AND COUNTRY-LEVEL GROWTH RATES, 2023–2028 164
TABLE 54 COLORS MARKET, BY REGION, 2018–2022 (USD MILLION) 165
TABLE 55 COLORS MARKET, BY REGION, 2023–2028 (USD MILLION) 165
TABLE 56 COLORS MARKET, BY REGION, 2018–2022 (KT) 165
TABLE 57 COLORS MARKET, BY REGION, 2023–2028 (KT) 166
9.4.2 NORTH AMERICA 166
TABLE 58 NORTH AMERICA: COLORS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 167
TABLE 59 NORTH AMERICA: COLORS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 167
9.4.3 EUROPE 167
TABLE 60 EUROPE: COLORS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 168
TABLE 61 EUROPE: COLORS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 169
9.4.4 ASIA PACIFIC 169
TABLE 62 ASIA PACIFIC: COLORS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 170
TABLE 63 ASIA PACIFIC: COLORS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 170
9.4.5 SOUTH AMERICA 171
TABLE 64 SOUTH AMERICA: COLORS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 171
TABLE 65 SOUTH AMERICA: COLORS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171
9.4.6 ROW 172
TABLE 66 ROW: COLORS MARKET, BY REGION, 2018–2022 (USD MILLION) 172
TABLE 67 ROW: COLORS MARKET, BY REGION, 2023–2028 (USD MILLION) 172
10 FOOD FLAVORS MARKET 173
10.1 INTRODUCTION 174
10.2 FOOD FLAVORS MARKET, BY ORIGIN 174
10.2.1 INCREASE IN POPULARITY OF ORGANIC FOODS TO DRIVE NATURAL FLAVORS MARKET 174
TABLE 68 FOOD FLAVORS MARKET, BY ORIGIN, 2018–2022 (USD MILLION) 175
TABLE 69 FOOD FLAVORS MARKET, BY ORIGIN, 2023–2028 (USD MILLION) 175
10.2.2 NATURAL 175
10.2.2.1 Fruit & nut flavors, chocolate flavors, and vanilla—popular natural flavors 175
10.2.3 SYNTHETIC 176
10.2.3.1 Increase in demand for synthetic food flavors due to their cost-effectiveness and affordability. 176
10.2.4 NATURE-IDENTICAL 176
10.2.4.1 Demand for nature-identical food flavors fueled by evolving consumer preferences 176
10.3 FOOD FLAVORS MARKET, BY FORM 177
10.3.1 SEVERAL CLASSES OF ORGANIC COMPOUNDS USED AS AROMAS 177
TABLE 70 FOOD FLAVORS MARKET, BY FORM, 2018–2022 (USD MILLION) 177
TABLE 71 FOOD FLAVORS MARKET, BY FORM, 2023–2028 (USD MILLION) 178
10.3.2 LIQUID & GEL 178
10.3.2.1 Increase in production of alcoholic and non-alcoholic beverages 178
10.3.3 DRY 179
10.3.3.1 Surge in popularity of baked and confectionery foods using dry flavors 179
10.4 FOOD FLAVORS MARKET, BY TYPE 179
10.4.1 GROWTH IN DEMAND FOR SPICES, HERBS, OR CONDIMENTS 179
TABLE 72 FOOD FLAVORS MARKET, BY TYPE, 2018–2022 (USD MILLION) 180
TABLE 73 FOOD FLAVORS MARKET, BY TYPE, 2023–2028 (USD MILLION) 180
10.4.2 CHOCOLATE & BROWN 180
10.4.2.1 Dark chocolate 181
10.4.2.2 Milk chocolate 181
10.4.2.3 White chocolate 181
10.4.2.4 Caramel 181
10.4.3 VANILLA 182
10.4.3.1 Bourbon-Madagascar vanilla 182
10.4.3.2 Mexican vanilla 182
10.4.3.3 Tahitian vanilla 182
10.4.4 FRUITS 183
10.4.4.1 Citrus 183
10.4.4.2 Tree fruits 184
10.4.4.3 Tropical & exotic fruits 184
10.4.4.4 Berries 185
10.4.4.5 Other fruits 185
10.4.5 DAIRY 186
10.4.5.1 Milk 186
10.4.5.2 Butter 186
10.4.5.3 Cream 187
10.4.5.4 Yogurt 187
10.4.5.5 Cheese 187
10.4.5.6 Other dairy flavors 187
10.4.6 SPICES & SAVORY 187
10.4.6.1 Essential oils & oleoresins 188
10.4.6.2 Vegetable flavors 188
10.4.6.3 Meat flavors 188
10.4.6.4 Other spices & savory 189
10.4.7 MINT 189
10.4.8 OTHER FLAVORS 189
10.5 FOOD FLAVORS MARKET, BY APPLICATION 190
10.5.1 INTRODUCTION OF VARIETY AND STABILITY OF FLAVOR ADDITIVES 190
TABLE 74 FOOD FLAVORS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 190
TABLE 75 FOOD FLAVORS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 190
TABLE 76 FOOD FLAVORS MARKET, BY FOOD APPLICATION, 2018–2022 (USD MILLION) 191
TABLE 77 FOOD FLAVORS MARKET, BY FOOD APPLICATION, 2023–2028 (USD MILLION) 191
10.5.2 FOOD 191
10.5.2.1 Increase in awareness among consumers about health benefits 191
10.5.2.2 Confectionery products 192
10.5.2.2.1 Shift toward healthier snacking 192
10.5.2.3 Bakery products 192
10.5.2.3.1 Increase in market potential for fusion flavors 192
10.5.2.4 Dairy products 193
10.5.2.4.1 Popularity of plant-based food culture to urge dairy industries to introduce experimental flavors 193
10.5.2.5 Meat & products 194
10.5.2.5.1 Proliferation in flavor and aroma of meat & seafood 194
10.5.2.6 Other food applications 195
10.5.3 BEVERAGES 195
10.5.3.1 High demand for variety in bottled water 195
10.6 FOOD FLAVORS MARKET, BY REGION 195
10.6.1 INCREASE IN R&D ACTIVITIES FOR DIFFERENT FUNCTIONAL FOODS IN DEVELOPED REGIONS 195
FIGURE 46 BRAZIL TO GROW AT HIGHEST CAGR IN FOOD FLAVORS MARKET DURING FORECAST PERIOD 196
TABLE 78 FOOD FLAVORS MARKET, BY REGION, 2018–2022 (USD MILLION) 196
TABLE 79 FOOD FLAVORS MARKET, BY REGION, 2023–2028 (USD MILLION) 197
TABLE 80 FOOD FLAVORS MARKET, BY REGION, 2018–2022 (KT) 197
TABLE 81 FOOD FLAVORS MARKET, BY REGION, 2023–2028 (KT) 197
10.6.2 NORTH AMERICA 198
TABLE 82 NORTH AMERICA: FOOD FLAVORS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 198
TABLE 83 NORTH AMERICA: FOOD FLAVORS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 198
10.6.3 EUROPE 199
TABLE 84 EUROPE: FOOD FLAVORS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 199
TABLE 85 EUROPE: FOOD FLAVORS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 200
10.6.4 ASIA PACIFIC 200
TABLE 86 ASIA PACIFIC: FOOD FLAVORS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 201
TABLE 87 ASIA PACIFIC: FOOD FLAVORS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 201
10.6.5 SOUTH AMERICA 202
TABLE 88 SOUTH AMERICA: FOOD FLAVORS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 202
TABLE 89 SOUTH AMERICA: FOOD FLAVORS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 203
10.6.6 ROW 203
TABLE 90 ROW: FOOD FLAVORS MARKET, BY REGION, 2018–2022 (USD MILLION) 203
TABLE 91 ROW: FOOD FLAVORS MARKET, BY REGION, 2023–2028 (USD MILLION) 203
11 ENZYMES MARKET 204
11.1 INTRODUCTION 205
11.2 ENZYMES MARKET, BY APPLICATION 205
11.2.1 INDUSTRIAL USAGE OF ENZYMES FOR FOOD & BEVERAGE APPLICATIONS 205
TABLE 92 ENZYMES & THEIR APPLICATIONS 206
TABLE 93 ENZYMES MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 207
TABLE 94 ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 207
11.2.2 FOOD 207
11.2.2.1 Growth of dairy and bakery products segments due to extensive range of enzymes and broader applications 207
TABLE 95 ENZYMES MARKET, BY FOOD APPLICATION, 2018–2022 (USD MILLION) 208
TABLE 96 ENZYMES MARKET, BY FOOD APPLICATION, 2023–2028 (USD MILLION) 208
11.2.2.1.1 Bakery & confectionery products 208
11.2.2.1.2 Dairy products 209
11.2.2.1.3 Meat processing products 209
11.2.2.1.4 Nutraceuticals 209
11.2.2.1.5 Other food applications 210
11.2.3 BEVERAGES 210
11.2.3.1 Use of pectin in beverages to help improve yield and quality 210
TABLE 97 ENZYMES USED IN BEVERAGE APPLICATIONS 211
11.3 ENZYMES MARKET, BY REGION 211
11.3.1 ENZYMES AID IN INCREASING SHELF LIFE OF FOOD PRODUCTS, MITIGATING FOOD WASTAGE ACROSS REGIONS 211
FIGURE 47 INDIA TO GROW AT HIGHEST RATE IN ENZYMES MARKET DURING FORECAST PERIOD 212
TABLE 98 ENZYMES MARKET, BY REGION, 2018–2022 (USD MILLION) 212
TABLE 99 ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 213
TABLE 100 ENZYMES MARKET, BY REGION, 2018–2022 (KT) 213
TABLE 101 ENZYMES MARKET, BY REGION, 2023–2028 (KT) 213
11.3.1.1 North America 214
TABLE 102 NORTH AMERICA: ENZYMES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 214
TABLE 103 NORTH AMERICA: ENZYMES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 214
11.3.1.2 Europe 215
TABLE 104 EUROPE: ENZYMES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 215
TABLE 105 EUROPE: ENZYMES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 216
11.3.1.3 Asia Pacific 216
TABLE 106 ASIA PACIFIC: ENZYMES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 217
TABLE 107 ASIA PACIFIC: ENZYMES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 217
11.3.1.4 South America 217
TABLE 108 SOUTH AMERICA: ENZYMES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 218
TABLE 109 SOUTH AMERICA: ENZYMES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 218
11.3.1.5 RoW 218
TABLE 110 ROW: ENZYMES MARKET, BY REGION, 2018–2022 (USD MILLION) 219
TABLE 111 ROW: ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 219
12 EMULSIFIERS MARKET 220
12.1 INTRODUCTION 221
12.2 EMULSIFIERS MARKET, BY TYPE 222
12.2.1 DIVERSE FUNCTIONALITIES OF EMULSIFIERS FIND APPLICATIONS IN FOOD AND OTHER SEGMENTS 222
TABLE 112 EMULSIFIERS MARKET, BY TYPE, 2018–2022 (USD MILLION) 222
TABLE 113 EMULSIFIERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 222
12.2.1.1 Mono- & di-glycerides and their derivatives 223
12.2.1.1.1 Wide range of functionalities to boost applications 223
12.2.1.2 Lecithin (oiled & de-oiled) 223
12.2.1.2.1 Increase in demand for vegan products to drive growth for plant-sourced lecithin 223
12.2.1.3 Sorbitan esters 224
12.2.1.3.1 Aeration property of sorbitan esters to widen their scope of application 224
12.2.1.4 Stearoyl lactylates 224
12.2.1.4.1 Dough strengthening and foaming properties to widen usage of stearoyl lactylates 224
12.2.1.5 Polyglycerol esters 225
12.2.1.5.1 Cost-efficiency is associated with usage of polyglycerol esters 225
12.2.1.6 Other types 225
12.3 EMULSIFIERS MARKET, BY APPLICATION 225
12.3.1 EMULSIFIERS PROVIDE RICH TEXTURE AND SMOOTH FINISH TO FOOD PRODUCTS 225
TABLE 114 EMULSIFIERS MARKET, BY FOOD & BEVERAGE APPLICATION, 2018–2022 (USD MILLION) 226
TABLE 115 EMULSIFIERS MARKET, BY FOOD & BEVERAGE APPLICATION, 2023–2028 (USD MILLION) 227
12.3.2 BAKERY PRODUCTS 227
12.3.2.1 Popularity of yeast-raised bakery products 227
12.3.3 CONFECTIONERY PRODUCTS 228
12.3.3.1 Emulsifiers to aid in processing and storage 228
12.3.4 CONVENIENCE FOOD 228
12.3.4.1 Increase in demand for healthier convenience foods 228
12.3.5 DAIRY & FROZEN DESSERTS 228
12.3.5.1 Variety of products using emulsifiers 228
12.3.6 MEAT PRODUCTS 229
12.3.6.1 Cost-efficiency due to addition of emulsifiers 229
12.3.6.2 Hot processed meat emulsion 230
12.3.6.3 Cold processed meat emulsion 230
12.3.7 OTHER APPLICATIONS 230
12.4 EMULSIFIERS MARKET, BY REGION 230
12.4.1 INCREASE IN POPULARITY OF CLEAN-LABEL, INERT, AND BACTERIA-RESISTANT FOOD 230
FIGURE 48 EMULSIFIERS MARKET: REGIONAL & COUNTRY-LEVEL GROWTH RATES, 2023–2028 231
TABLE 116 EMULSIFIERS MARKET, BY REGION, 2018–2022 (USD MILLION) 231
TABLE 117 EMULSIFIERS MARKET, BY REGION, 2023–2028 (USD MILLION) 232
TABLE 118 EMULSIFIERS MARKET, BY REGION, 2018–2022 (KT) 232
TABLE 119 EMULSIFIERS MARKET, BY REGION, 2023–2028 (KT) 232
12.4.1.1 North America 233
TABLE 120 NORTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 233
TABLE 121 NORTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 233
12.4.1.2 Europe 234
TABLE 122 EUROPE: EMULSIFIERS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 234
TABLE 123 EUROPE: EMULSIFIERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 235
12.4.1.3 Asia Pacific 235
TABLE 124 ASIA PACIFIC: EMULSIFIERS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 236
TABLE 125 ASIA PACIFIC: EMULSIFIERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 236
12.4.1.4 South America 236
TABLE 126 SOUTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 237
TABLE 127 SOUTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 237
12.4.1.5 RoW 237
TABLE 128 ROW: EMULSIFIERS MARKET, BY REGION, 2018–2022 (USD MILLION) 238
TABLE 129 ROW: EMULSIFIERS MARKET, BY REGION, 2023–2028 (USD MILLION) 238
13 F&B STARTER CULTURES MARKET 239
13.1 INTRODUCTION 240
13.2 F&B STARTER CULTURES MARKET, BY APPLICATION 240
13.2.1 RISE IN POPULARITY OF PROBIOTICS 240
TABLE 130 F&B STARTER CULTURES MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 241
TABLE 131 F&B STARTER CULTURES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 241
13.2.2 DAIRY & DAIRY PRODUCTS 241
13.2.2.1 Cheese to be largest application of starter cultures 241
TABLE 132 F&B STARTER CULTURES MARKET, BY DAIRY & DAIRY PRODUCTS, 2018–2022 (USD MILLION) 242
TABLE 133 F&B STARTER CULTURES MARKET, BY DAIRY & DAIRY PRODUCTS, 2023–2028 (USD MILLION) 242
13.2.2.2 Cheese 243
13.2.2.3 Yogurt 243
13.2.2.4 Butter & creams 243
13.2.2.5 Other dairy products 243
13.2.3 MEAT & SEAFOOD 244
13.2.3.1 Starter cultures help in effective preservation of fermented meat 244
13.2.4 OTHER APPLICATIONS 244
13.3 F&B STARTER CULTURES MARKET, BY REGION 245
13.3.1 DAIRY INDUSTRY TO DRIVE GLOBAL F&B STARTER CULTURES MARKET 245
FIGURE 49 F&B STARTER CULTURES MARKET: REGIONAL AND COUNTRY-LEVEL GROWTH RATES 246
TABLE 134 F&B STARTER CULTURES MARKET, BY REGION, 2018–2022 (USD MILLION) 246
TABLE 135 F&B STARTER CULTURES MARKET, BY REGION, 2023–2028 (USD MILLION) 247
TABLE 136 F&B STARTER CULTURES MARKET, BY REGION, 2018–2022 (KT) 247
TABLE 137 F&B STARTER CULTURES MARKET, BY REGION, 2023–2028 (KT) 247
13.3.2 NORTH AMERICA 248
TABLE 138 NORTH AMERICA: F&B STARTER CULTURES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 248
TABLE 139 NORTH AMERICA: F&B STARTER CULTURES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 249
13.3.3 EUROPE 249
TABLE 140 EUROPE: F&B STARTER CULTURES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 250
TABLE 141 EUROPE: F&B STARTER CULTURES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 250
13.3.4 ASIA PACIFIC 250
TABLE 142 ASIA PACIFIC: F&B STARTER CULTURES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 251
TABLE 143 ASIA PACIFIC: F&B STARTER CULTURES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 252
13.3.5 SOUTH AMERICA 252
TABLE 144 SOUTH AMERICA: F&B STARTER CULTURES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 252
TABLE 145 SOUTH AMERICA: F&B STARTER CULTURES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 253
13.3.6 ROW 253
TABLE 146 ROW: F&B STARTER CULTURES MARKET, BY REGION, 2018–2022 (USD MILLION) 254
TABLE 147 ROW: F&B STARTER CULTURES MARKET, BY REGION, 2023–2028 (USD MILLION) 254
14 PRESERVATIVES MARKET 255
14.1 INTRODUCTION 256
TABLE 148 PRESERVATIVES MARKET: FUNCTIONS AND PERMISSIBLE LIMITS IN FOOD PRODUCTS 256
14.2 PRESERVATIVES MARKET, BY TYPE 257
14.2.1 NATURAL PRESERVATIVES TO BECOME POPULAR WITH AWARENESS REGARDING ORGANIC SOURCES 257
TABLE 149 PRESERVATIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 257
TABLE 150 PRESERVATIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 257
14.2.2 NATURAL PRESERVATIVES 258
14.2.2.1 High consumer awareness and preference for natural food ingredients 258
14.2.3 SYNTHETIC PRESERVATIVES 258
14.2.3.1 Cost-effectiveness and easy availability 258
TABLE 151 SYNTHETIC FOOD PRESERVATIVE APPLICATIONS AND ASSOCIATED HEALTH RISKS 259
TABLE 152 PRESERVATIVES MARKET, BY SYNTHETIC TYPE, 2018–2022 (USD MILLION) 261
TABLE 153 PRESERVATIVES MARKET, BY SYNTHETIC TYPE, 2023–2028 (USD MILLION) 261
14.2.3.2 Sorbates 262
14.2.3.3 Benzoates 262
14.2.3.4 Propionates 262
14.2.3.5 Other synthetic preservatives 263
14.3 PRESERVATIVES MARKET, BY APPLICATION 263
14.3.1 BUSY LIFESTYLES FUEL DEMAND FOR PRESERVATIVE-INDUCED FOOD & BEVERAGES 263
TABLE 154 PRESERVATIVES MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 264
TABLE 155 PRESERVATIVES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 264
14.3.2 FOOD 264
14.3.2.1 Use of preservatives in food products to enhance shelf life and food safety 264
TABLE 156 PRESERVATIVES MARKET, BY FOOD APPLICATION, 2018–2022 (USD MILLION) 265
TABLE 157 PRESERVATIVES MARKET, BY FOOD APPLICATION, 2023–2028 (USD MILLION) 265
14.3.2.2 Oils & fats 265
14.3.2.2.1 High demand for natural antioxidants in vegetable oil preservation 265
14.3.2.3 Bakery products 266
14.3.2.3.1 Increase in adoption of calcium & sodium propionates in baking goods 266
14.3.2.4 Dairy & frozen products 267
14.3.2.4.1 Rise in consumption of dairy products 267
14.3.2.5 Snacks 268
14.3.2.5.1 Greater preference for convenient and ultra-processed food products 268
14.3.2.6 Meat, poultry, and seafood 269
14.3.2.6.1 Rise in consumption of meat and seafood worldwide 269
14.3.2.7 Confectionery products 270
14.3.2.7.1 Higher demand for preserving food aesthetics 270
14.3.2.8 Other food applications 270
14.3.3 BEVERAGES 271
14.3.3.1 Rise in preference for naturally flavored health drinks to increase adoption of benzoates and sorbates 271
14.4 PRESERVATIVES MARKET, BY REGION 272
14.4.1 INCREASE IN CONSUMPTION OF CANNED FOODS 272
FIGURE 50 PRESERVATIVES MARKET: REGIONAL & COUNTRY-LEVEL GROWTH RATES, 2023–2028 273
TABLE 158 PRESERVATIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 273
TABLE 159 PRESERVATIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 274
TABLE 160 PRESERVATIVES MARKET, BY REGION, 2018–2022 (KT) 274
TABLE 161 PRESERVATIVES MARKET, BY REGION, 2023–2028 (KT) 274
14.4.2 NORTH AMERICA 275
TABLE 162 NORTH AMERICA: PRESERVATIVES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 275
TABLE 163 NORTH AMERICA: PRESERVATIVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 276
14.4.3 EUROPE 276
TABLE 164 EUROPE: PRESERVATIVES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 277
TABLE 165 EUROPE: PRESERVATIVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 277
14.4.4 ASIA PACIFIC 278
TABLE 166 ASIA PACIFIC: PRESERVATIVES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 278
TABLE 167 ASIA PACIFIC: PRESERVATIVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 279
14.4.5 SOUTH AMERICA 279
TABLE 168 SOUTH AMERICA: PRESERVATIVES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 279
TABLE 169 SOUTH AMERICA: PRESERVATIVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 280
14.4.6 ROW 280
TABLE 170 ROW: PRESERVATIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 280
TABLE 171 ROW: PRESERVATIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 280
15 FUNCTIONAL FOOD INGREDIENTS MARKET 281
15.1 INTRODUCTION 282
15.2 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE 282
15.2.1 RISE IN CHRONIC DISEASES 282
TABLE 172 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 283
TABLE 173 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 283
15.2.2 PROBIOTICS 284
15.2.2.1 High consumer demand for scientifically proven health food and supplements, particularly in developed economies 284
TABLE 174 PROBIOTIC COMPONENTS AND THEIR BENEFITS 284
15.2.3 PROTEINS & AMINO ACIDS 285
15.2.3.1 Rise in awareness about health benefits of amino acids 285
15.2.4 PHYTOCHEMICAL & PLANT EXTRACTS 285
15.2.4.1 Side effects of chemical ingredients in nutraceuticals 285
15.2.5 PREBIOTICS 286
15.2.5.1 Benefits in weight management and infant health improvement 286
TABLE 175 PREBIOTIC COMPONENTS AND THEIR BENEFITS 286
15.2.6 FIBERS & SPECIALTY CARBOHYDRATES 287
15.2.6.1 Need to promote health and reduce risk of chronic diseases 287
15.2.7 OMEGA-3 FATTY ACIDS 287
15.2.7.1 Need to reduce consequences of several chronic mental and physical diseases 287
15.2.8 CAROTENOIDS 288
15.2.8.1 Potential of lutein and zeaxanthin in reducing risk of eye diseases 288
15.2.9 VITAMINS 289
15.2.9.1 Awareness, wide acceptance, and easy availability of different types of vitamins 289
15.2.10 MINERALS 289
15.2.10.1 Several health benefits of macro and microminerals 289
15.2.10.2 Macrominerals 290
15.2.10.3 Microminerals 290
15.3 FUNCTIONAL FOOD INGREDIENTS MARKET, BY APPLICATION 290
15.3.1 DEMAND FOR VERSATILE HEALTH BENEFITS AND ADDED SENSORY BENEFITS 290
TABLE 176 FUNCTIONAL FOOD INGREDIENTS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 291
TABLE 177 FUNCTIONAL FOOD INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 291
TABLE 178 FUNCTIONAL FOOD INGREDIENTS MARKET, BY FOOD APPLICATION, 2018–2022 (USD MILLION) 291
TABLE 179 FUNCTIONAL FOOD INGREDIENTS MARKET, BY FOOD APPLICATION, 2023–2028 (USD MILLION) 292
15.3.2 FOOD 292
15.3.2.1 Cost-effective food products with high nutritional benefits 292
15.3.2.2 Baby food 292
15.3.2.2.1 New product development with various value-added products 292
15.3.2.3 Dairy products 293
15.3.2.3.1 Rise in demand for new and improved functional dairy products 293
15.3.2.4 Bakery products 293
15.3.2.4.1 High consumption of bakery products to increase functional food ingredient use 293
15.3.2.5 Confectionery products 294
15.3.2.5.1 Increase in confectionery products offered with nutritional value 294
15.3.2.6 Snacks 294
15.3.2.6.1 Changing lifestyles of consumers 294
15.3.2.7 Meat & meat products 294
15.3.2.7.1 Enhancement of nutritional value by imparting functional food ingredients into meat products 294
15.3.2.8 Elderly nutrition & breakfast cereals 295
15.3.2.8.1 Rise in purchasing power of consumers 295
15.3.3 BEVERAGES 295
15.3.3.1 Rise in demand for health beverages 295
15.4 FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION 296
15.4.1 INCREASE IN POPULARITY OF CLEAN-LABEL AND FORTIFIED FOOD 296
FIGURE 51 FUNCTIONAL FOOD INGREDIENTS MARKET: REGIONAL & COUNTRY-LEVEL GROWTH RATES, 2023–2028 297
TABLE 180 FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION, 2018–2022 (USD MILLION) 297
TABLE 181 FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 298
TABLE 182 FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION, 2018–2022 (KT) 298
TABLE 183 FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (KT) 298
15.4.2 NORTH AMERICA 299
TABLE 184 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 299
TABLE 185 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 299
15.4.3 EUROPE 300
TABLE 186 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 300
TABLE 187 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 301
15.4.4 ASIA PACIFIC 301
TABLE 188 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 302
TABLE 189 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 302
15.4.5 SOUTH AMERICA 303
TABLE 190 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 303
TABLE 191 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 303
15.4.6 ROW 304
TABLE 192 ROW: FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION, 2018–2022 (USD MILLION) 304
TABLE 193 ROW: FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 304
16 SPECIALTY STARCH MARKET 305
16.1 INTRODUCTION 306
16.2 SPECIALTY STARCH MARKET, BY TYPE 306
16.2.1 VERSATILE NATURE OF STARCH TO ENABLE MODIFICATION OF VARIOUS CHEMICAL FORMS 306
16.2.2 ETHERIFIED STARCH 307
16.2.2.1 Preference for soft and creamy texture of dairy products 307
TABLE 194 ETHERIFIED STARCH IN FOOD APPLICATIONS 307
16.2.3 ESTERIFIED STARCH 309
16.2.3.1 Increase in demand for frozen foods 309
16.2.4 RESISTANT STARCH 309
16.2.4.1 Nutritional benefits of resistant starch in humans 309
TABLE 195 FUNCTIONS, BENEFITS, AND APPLICATIONS OF MODIFIED RESISTANT STARCH IN FOOD & BEVERAGE INDUSTRY 310
16.2.5 PREGELATINIZED 311
16.2.5.1 Pregelatinized starches to retain functional properties and viscosity of food & beverage products 311
TABLE 196 FUNCTIONS OF PREGELATINIZED SPECIALTY STARCH IN FOOD & BEVERAGE APPLICATIONS 311
16.3 SPECIALTY STARCH MARKET, BY APPLICATION 312
16.3.1 INCREASE IN DEMAND FOR PLANT-BASED ALTERNATIVES FOR EMULSIFIERS AND STABILIZERS 312
TABLE 197 SPECIALTY STARCHES MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 312
TABLE 198 SPECIALTY STARCHES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 312
16.3.2 FOOD 313
16.3.2.1 Versatility and applications of specialty starches in food products 313
TABLE 199 SPECIALTY STARCHES MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 313
TABLE 200 SPECIALTY STARCHES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 313
16.3.2.2 Bakery & confectionery products 314
16.3.2.2.1 Demand for specialty starches to improve texture and quality of confectionery products 314
16.3.2.3 Processed foods 314
16.3.2.3.1 Preference for modified starch’s freeze-thaw ability in processed foods 314
16.3.2.4 Meat, poultry, and seafood 314
16.3.2.4.1 Increase in use to enhance shelf life of meat products 314
16.3.2.5 Other food applications 315
16.3.3 BEVERAGES 315
16.3.3.1 Variegated functional properties of specialty starches 315
16.4 SPECIALTY STARCH MARKET, BY REGION 315
16.4.1 RISE IN DEMAND FOR CLEAN-LABEL PRESERVATIVES AND STABILIZERS 315
FIGURE 52 SPECIALTY STARCH INGREDIENTS MARKET: REGIONAL & COUNTRY-LEVEL GROWTH RATES, 2023–2028 316
TABLE 201 SPECIALTY STARCHES MARKET, BY REGION, 2018–2022 (USD MILLION) 316
TABLE 202 SPECIALTY STARCHES MARKET, BY REGION, 2023–2028 (USD MILLION) 317
TABLE 203 SPECIALTY STARCHES MARKET, BY REGION, 2018–2022 (KT) 317
TABLE 204 SPECIALTY STARCHES MARKET, BY REGION, 2023–2028 (KT) 317
16.4.2 NORTH AMERICA 318
TABLE 205 NORTH AMERICA: SPECIALTY STARCHES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 318
TABLE 206 NORTH AMERICA: SPECIALTY STARCHES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 318
16.4.3 EUROPE 318
TABLE 207 EUROPE: SPECIALTY STARCHES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 319
TABLE 208 EUROPE: SPECIALTY STARCHES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 319
16.4.4 ASIA PACIFIC 320
TABLE 209 ASIA PACIFIC: SPECIALTY STARCHES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 320
TABLE 210 ASIA PACIFIC: SPECIALTY STARCHES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 320
16.4.5 SOUTH AMERICA 321
TABLE 211 SOUTH AMERICA: SPECIALTY STARCHES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 321
TABLE 212 SOUTH AMERICA: SPECIALTY STARCHES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 321
16.4.6 ROW 322
TABLE 213 ROW: SPECIALTY STARCHES MARKET, BY REGION, 2018–2022 (USD MILLION) 322
TABLE 214 ROW: SPECIALTY STARCHES MARKET, BY REGION, 2023–2028 (USD MILLION) 322
17 SUGAR SUBSTITUTES MARKET 323
17.1 INTRODUCTION 324
17.2 SUGAR SUBSTITUTES MARKET, BY TYPE 324
17.2.1 HIGH-INTENSITY SWEETENERS (HIS) USED IN MOST COMPLEX PRODUCTS TO PRODUCE NATURAL FLAVORS 324
17.2.1.1 High-fructose syrup 325
17.2.1.1.1 Increase in demand for candies and soft drinks 325
17.2.1.2 High-intensity sweeteners 325
17.2.1.2.1 Rise in adoption of zero-calorie and sugar-free food & beverages 325
17.2.1.3 Low-intensity sweeteners 326
17.2.1.3.1 Increase in instances of metabolic diseases 326
TABLE 215 SUGAR SUBSTITUTES MARKET, BY TYPE, 2018–2022 (USD MILLION) 327
TABLE 216 SUGAR SUBSTITUTES MARKET, BY TYPE, 2023–2028 (USD MILLION) 327
17.3 SUGAR SUBSTITUTES MARKET, BY APPLICATION 327
17.3.1 SHIFT TOWARD CONSUMPTION OF NO-SUGAR AND LOW-CALORIE FOODS 327
TABLE 217 SUGAR SUBSTITUTES MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 328
TABLE 218 SUGAR SUBSTITUTES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 328
17.3.1.1 Food 328
17.3.1.1.1 Extensive use of sugar substitutes in food 328
17.3.1.2 Beverages 329
17.3.1.2.1 Growth in demand for low-calorie beverages 329
17.3.1.3 Health & wellness 330
17.3.1.3.1 Demand for natural sweeteners to make pharmaceutical products healthier 330
17.4 SUGAR SUBSTITUTES MARKET, BY REGION 330
17.4.1 RISE IN DEMAND FOR PRODUCTS WITH LOW CALORIES 330
FIGURE 53 SUGAR SUBSTITUTES MARKET: REGIONAL & COUNTRY-LEVEL GROWTH RATES, 2023–2028 331
TABLE 219 SUGAR SUBSTITUTES MARKET, BY REGION, 2018–2022 (USD MILLION) 331
TABLE 220 SUGAR SUBSTITUTES MARKET, BY REGION, 2023–2028 (USD MILLION) 332
TABLE 221 SUGAR SUBSTITUTES MARKET, BY REGION, 2018–2022 (KT) 332
TABLE 222 SUGAR SUBSTITUTES MARKET, BY REGION, 2023–2028 (KT) 332
17.4.1.1 North America 333
TABLE 223 NORTH AMERICA: SUGAR SUBSTITUTES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 334
TABLE 224 NORTH AMERICA: SUGAR SUBSTITUTES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 334
17.4.1.2 Europe 334
TABLE 225 EUROPE: SUGAR SUBSTITUTES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 335
TABLE 226 EUROPE: SUGAR SUBSTITUTES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 335
17.4.1.3 Asia Pacific 335
TABLE 227 ASIA PACIFIC: SUGAR SUBSTITUTES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 336
TABLE 228 ASIA PACIFIC: SUGAR SUBSTITUTES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 337
17.4.1.4 South America 337
TABLE 229 SOUTH AMERICA: SUGAR SUBSTITUTES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 338
TABLE 230 SOUTH AMERICA: SUGAR SUBSTITUTES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 338
17.4.1.5 RoW 338
TABLE 231 ROW: SUGAR SUBSTITUTES MARKET, BY REGION, 2018–2022 (USD MILLION) 339
TABLE 232 ROW: SUGAR SUBSTITUTES MARKET, BY REGION, 2023–2028 (USD MILLION) 339
18 SPECIALTY FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL 340
18.1 INTRODUCTION 341
TABLE 233 SPECIALTY FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2018–2022 (USD MILLION) 341
TABLE 234 SPECIALTY FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2023–2028 (USD MILLION) 341
18.2 DISTRIBUTORS 342
18.2.1 GROWTH IN GDP TO DRIVE DEMAND FOR DISTRIBUTION 342
TABLE 235 SPECIALTY FOOD INGREDIENTS MARKET FOR DISTRIBUTORS, BY REGION, 2018–2022 (USD MILLION) 342
TABLE 236 SPECIALTY FOOD INGREDIENTS MARKET FOR DISTRIBUTORS, BY REGION, 2023–2028 (USD MILLION) 343
TABLE 237 SPECIALTY FOOD INGREDIENTS MARKET FOR DISTRIBUTORS, BY TYPE, 2018–2022 (USD MILLION) 343
TABLE 238 SPECIALTY FOOD INGREDIENTS MARKET FOR DISTRIBUTORS, BY TYPE, 2023–2028 (USD MILLION) 344
18.3 MANUFACTURERS 344
18.3.1 INCREASE IN RESEARCH & DEVELOPMENT ACTIVITIES 344
TABLE 239 SPECIALTY FOOD INGREDIENTS MARKET FOR MANUFACTURERS, BY REGION, 2018–2022 (USD MILLION) 345
TABLE 240 SPECIALTY FOOD INGREDIENTS MARKET FOR MANUFACTURERS, BY REGION, 2023–2028 (USD MILLION) 345
TABLE 241 SPECIALTY FOOD INGREDIENTS MARKET FOR MANUFACTURERS, BY TYPE, 2018–2022 (USD MILLION) 346
TABLE 242 SPECIALTY FOOD INGREDIENTS MARKET FOR MANUFACTURERS, BY TYPE, 2023–2028 (USD MILLION) 346
19 COMPETITIVE LANDSCAPE 347
19.1 OVERVIEW 347
19.2 MARKET SHARE ANALYSIS 347
TABLE 243 DEGREE OF COMPETITION (CONSOLIDATED), 2022 348
19.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 348
FIGURE 54 SEGMENTAL REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2020–2022 (USD BILLION) 348
19.4 KEY PLAYERS’ ANNUAL REVENUE VS GROWTH 349
FIGURE 55 ANNUAL REVENUE, 2022 (USD BILLION) VS REVENUE GROWTH, 2020–2022 349
19.5 KEY PLAYERS’ EBITDA 350
FIGURE 56 EBITDA, 2022 (USD BILLION) 350
19.6 KEY PLAYER STRATEGIES 350
TABLE 244 STRATEGIES ADOPTED BY KEY PLAYERS 350
19.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 353
FIGURE 57 SPECIALTY FOOD INGREDIENTS: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022 353
19.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 353
19.8.1 STARS 354
19.8.2 EMERGING LEADERS 354
19.8.3 PERVASIVE PLAYERS 354
19.8.4 PARTICIPANTS 354
FIGURE 58 SPECIALTY FOOD INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 355
19.9 COMPANY EVALUATION QUADRANT (STARTUPS/SMES) 356
19.9.1 PROGRESSIVE COMPANIES 356
19.9.2 STARTING BLOCKS 356
19.9.3 RESPONSIVE COMPANIES 356
19.9.4 DYNAMIC COMPANIES 356
FIGURE 59 SPECIALTY FOOD INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES) 357
19.9.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 358
TABLE 245 SPECIALTY FOOD INGREDIENTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 358
19.10 COMPETITIVE SCENARIO 359
19.10.1 PRODUCT LAUNCHES 359
TABLE 246 SPECIALTY FOOD INGREDIENTS MARKET: PRODUCT LAUNCHES, MARCH 2019–APRIL 2023 359
19.10.2 DEALS 363
TABLE 247 SPECIALTY FOOD INGREDIENTS MARKET: DEALS, JANUARY 2019–JULY 2023 363
19.10.3 OTHERS 374
TABLE 248 SPECIALTY FOOD INGREDIENTS MARKET: OTHERS, JUNE 2018–APRIL 2023 374
20 COMPANY PROFILES 379
20.1 KEY PLAYERS 379
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
20.1.1 ADM 379
TABLE 249 ADM: BUSINESS OVERVIEW 379
FIGURE 60 ADM: COMPANY SNAPSHOT 380
TABLE 250 ADM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 380
TABLE 251 ADM: PRODUCT LAUNCHES 385
TABLE 252 ADM: DEALS 385
TABLE 253 ADM: OTHERS 390
20.1.2 DSM 392
TABLE 254 DSM: BUSINESS OVERVIEW 392
FIGURE 61 DSM: COMPANY SNAPSHOT 393
TABLE 255 DSM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 393
TABLE 256 DSM: PRODUCT LAUNCHES 395
TABLE 257 DSM: DEALS 395
20.1.3 INTERNATIONAL FLAVORS & FRAGRANCES INC. 398
TABLE 258 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW 398
FIGURE 62 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT 399
TABLE 259 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 399
TABLE 260 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCT LAUNCHES 404
TABLE 261 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS 405
TABLE 262 INTERNATIONAL FLAVORS & FRAGRANCES INC.: OTHERS 406
20.1.4 KERRY GROUP PLC 408
TABLE 263 KERRY GROUP PLC: BUSINESS OVERVIEW 408
FIGURE 63 KERRY GROUP PLC: COMPANY SNAPSHOT 409
TABLE 264 KERRY GROUP PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 409
TABLE 265 KERRY GROUP PLC: PRODUCT LAUNCHES 411
TABLE 266 KERRY GROUP PLC: DEALS 412
TABLE 267 KERRY GROUP PLC: OTHERS 414
20.1.5 GIVAUDAN 416
TABLE 268 GIVAUDAN: BUSINESS OVERVIEW 416
FIGURE 64 GIVAUDAN: COMPANY SNAPSHOT 417
TABLE 269 GIVAUDAN: PRODUCTS/SERVICES/SOLUTIONS OFFERED 417
TABLE 270 GIVAUDAN: PRODUCT LAUNCHES 418
TABLE 271 GIVAUDAN: DEALS 418
TABLE 272 GIVAUDAN: OTHERS 419
20.1.6 CARGILL, INCORPORATED 421
TABLE 273 CARGILL, INCORPORATED: BUSINESS OVERVIEW 421
FIGURE 65 CARGILL, INCORPORATED: COMPANY SNAPSHOT 421
TABLE 274 CARGILL, INCORPORATED: PRODUCTS/SERVICES/SOLUTIONS OFFERED 422
TABLE 275 CARGILL, INCORPORATED: PRODUCT LAUNCHES 424
TABLE 276 CARGILL, INCORPORATED: DEALS 425
TABLE 277 CARGILL, INCORPORATED: OTHERS 425
20.1.7 SENSIENT TECHNOLOGIES CORPORATION 427
TABLE 278 SENSIENT TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW 427
FIGURE 66 SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT 428
TABLE 279 SENSIENT TECHNOLOGIES CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 428
20.1.8 INGREDION 430
TABLE 280 INGREDION: BUSINESS OVERVIEW 430
FIGURE 67 INGREDION: COMPANY SNAPSHOT 431
TABLE 281 INGREDION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 431
TABLE 282 INGREDION: PRODUCT LAUNCHES 433
TABLE 283 INGREDION: DEALS 434
TABLE 284 INGREDION: OTHERS 435
20.1.9 CHR. HANSEN HOLDING A/S 436
TABLE 285 CHR. HANSEN HOLDING A/S: BUSINESS OVERVIEW 436
FIGURE 68 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT 437
TABLE 286 CHR. HANSEN HOLDING A/S: PRODUCTS/SERVICES/SOLUTIONS OFFERED 437
TABLE 287 CHR. HANSEN HOLDING A/S: DEALS 439
TABLE 288 CHR. HANSEN HOLDING A/S: OTHERS 439
20.1.10 TATE & LYLE 441
TABLE 289 TATE & LYLE: BUSINESS OVERVIEW 441
FIGURE 69 TATE & LYLE: COMPANY SNAPSHOT 442
TABLE 290 TATE & LYLE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 442
TABLE 291 TATE & LYLE: PRODUCT LAUNCHES 443
TABLE 292 TATE & LYLE: DEALS 444
20.1.11 AMANO ENZYME INC. 445
TABLE 293 AMANO ENZYME INC.: BUSINESS OVERVIEW 445
TABLE 294 AMANO ENZYME INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 445
TABLE 295 AMANO ENZYME INC.: PRODUCT LAUNCHES 446
TABLE 296 AMANO ENZYME INC.: OTHERS 446
20.1.12 BIOCATALYSTS 448
TABLE 297 BIOCATALYSTS: BUSINESS OVERVIEW 448
TABLE 298 BIOCATALYSTS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 448
TABLE 299 BIOCATALYSTS: PRODUCT LAUNCHES 449
TABLE 300 BIOCATALYSTS: OTHERS 450
20.1.13 ENZYME SUPPLIES 451
TABLE 301 ENZYME SUPPLIES: BUSINESS OVERVIEW 451
TABLE 302 ENZYME SUPPLIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 451
20.1.14 ROQUETTE FRÈRES 452
TABLE 303 ROQUETTE FRÈRES: BUSINESS OVERVIEW 452
TABLE 304 ROQUETTE FRÈRES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 452
TABLE 305 ROQUETTE FRÈRES: DEALS 453
20.1.15 ACE INGREDIENTS CO., LTD. 454
TABLE 306 ACE INGREDIENTS CO., LTD.: BUSINESS OVERVIEW 454
TABLE 307 ACE INGREDIENTS CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 454
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
20.2 STARTUPS/SMES 456
20.2.1 AXIOM FOOD, INC. 456
20.2.2 AMCO PROTEINS 457
20.2.3 FDL LTD 458
20.2.4 CRESPEL & DEITERS GROUP 458
20.2.5 AMINOLA 459
21 ADJACENT & RELATED MARKETS 461
21.1 INTRODUCTION 461
21.2 LIMITATIONS 461
21.3 FOOD COLORS MARKET 462
21.3.1 MARKET DEFINITION 462
21.3.2 MARKET OVERVIEW 462
TABLE 308 FOOD COLORS MARKET, BY TYPE, 2019–2022 (USD MILLION) 463
TABLE 309 FOOD COLORS MARKET, BY TYPE, 2023–2028 (USD MILLION) 463
TABLE 310 FOOD COLORS MARKET, BY TYPE, 2019–2022 (KT) 463
TABLE 311 FOOD COLORS MARKET, BY TYPE, 2023–2028 (KT) 463
21.4 FOOD EMULSIFIERS MARKET 464
21.4.1 MARKET DEFINITION 464
21.4.2 MARKET OVERVIEW 464
TABLE 312 FOOD EMULSIFIERS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 464
TABLE 313 FOOD EMULSIFIERS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 465
21.5 FOOD PRESERVATIVES MARKET 465
21.5.1 MARKET DEFINITION 465
21.5.2 MARKET OVERVIEW 465
TABLE 314 FOOD PRESERVATIVES MARKET, BY TYPE, 2019–2022 (USD MILLION) 466
TABLE 315 FOOD PRESERVATIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 466
TABLE 316 FOOD PRESERVATIVES MARKET, BY TYPE, 2019–2022 (KT) 466
TABLE 317 FOOD PRESERVATIVES MARKET, BY TYPE, 2023–2028 (KT) 467
21.6 SUGAR SUBSTITUTES MARKET 467
21.6.1 MARKET DEFINITION 467
21.6.2 MARKET OVERVIEW 467
TABLE 318 SUGAR SUBSTITUTES MARKET, BY TYPE, 2019–2022 (USD MILLION) 468
TABLE 319 SUGAR SUBSTITUTES MARKET, BY TYPE, 2023–2028 (USD MILLION) 468
TABLE 320 SUGAR SUBSTITUTES MARKET, BY TYPE, 2019–2022 (KT) 468
TABLE 321 SUGAR SUBSTITUTES MARKET, BY TYPE, 2023–2028 (KT) 469
21.7 ENZYMES MARKET 469
21.7.1 MARKET DEFINITION 469
21.7.2 MARKET OVERVIEW 469
TABLE 322 ENZYMES MARKET, BY TYPE, 2018–2021 (USD MILLION) 470
TABLE 323 ENZYMES MARKET, BY TYPE, 2022–2027 (USD MILLION) 470
21.8 STARTER CULTURES MARKET 471
21.8.1 MARKET DEFINITION 471
21.8.2 MARKET OVERVIEW 471
TABLE 324 STARTER CULTURES MARKET, BY MICROORGANISM, 2017–2021 (USD MILLION) 471
TABLE 325 STARTER CULTURES MARKET, BY MICROORGANISM, 2022–2027 (USD MILLION) 472
21.9 FUNCTIONAL FOOD INGREDIENTS MARKET 472
21.9.1 MARKET DEFINITION 472
21.9.2 MARKET OVERVIEW 472
TABLE 326 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE, 2016–2020 (USD MILLION) 473
TABLE 327 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE, 2021–2026 (USD MILLION) 474
22 APPENDIX 475
22.1 DISCUSSION GUIDE 475
22.2 CUSTOMIZATION OPTIONS 482
22.3 RELATED REPORTS 482
22.4 AUTHOR DETAILS 484