Specialty Ingredients Market To Reach $215.8 Billion By 2030

Specialty Ingredients Market Growth & Trends

The global specialty ingredients market size is estimated to reach USD 215.8 billion by 2030, registering to grow at a CAGR of 6.1% from 2024 to 2030 according to a new report by Grand View Research, Inc. Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth. 

Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods which in turn is expected to drive global revenue for functional specialty food ingredients. 

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Specialty Ingredients Market Report Highlights

• Food & beverage dominated the market and accounted for the largest revenue share of 72.0% in 2023 driven by increasing consumer demand for healthier, natural, and clean-label products.

• The pharmaceutical application is expected to grow at a CAGR of 8.3% over the forecast period.

• The North America specialty ingredients market dominated the global market and accounted for the largest revenue share of 32.1% in 2023.

Specialty Ingredients Market Segmentation

Grand View Research has segmented the global specialty ingredients market based on application, and region:

Specialty Ingredients Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food & beverage

  • Sensory

  • Functional

• Pharmaceutical

  • Active

  • Inactive

• Personal care

  • Active

  • Inactive

• Animal feed

  • Feed Additives

  • Functional Feed Ingredients

  • Premixes

  • Others Mixtures

• Others

Specialty Ingredients Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players in Specialty Ingredients Market

• ADM

• Cargill, Incorporated.

• Ashland.

• DuPont.

• Inolex, Inc.

• Huntsman International LLC

• DSM

• BASF SE

• Kerry Group plc.

• Ingredion.

• Tate & Lyle