The Europe specialty food ingredient market is expected to record a CAGR of 5.08% during 2018-2023 (the forecast period).

Convenience food and functional foods in new product lines are the key drivers for the specialty food ingredient market in Europe. Change in lifestyle, which is making people more addicted to packaged and processed foods, and which eventually is leading to obesity among people, is also one factor which is pushing people toward specialty food ingredients. Overall, the specialty ingredient market indicates a flourishing market for food and beverage suppliers and manufacturers in the region.

Market Dynamics

With their technological, nutritional, and health-related functions, specialty food ingredients help to deliver tasty, safe, affordable food and food choices. Hence, they are an integral part of the food supply.

Globally, the multi-functionality of the ingredients has led to large-scale adoption of specialty food ingredients in various applications like beverages, dairy, bakery, and some more. The technological development in this field has led to the development of innovative specialty food ingredients in Europe that can be used in a wide variety of food and beverage applications.

Market Segmentation

On the basis of ingredients, the functional food ingredient segment dominates the market with the largest share and demand, while the nutraceutical segment is escalating in the market with a high CAGR.

Regional Analysis

The United Kingdom and Italy represent countries with huge potential for specialty food ingredients in Europe. Though Europe is leading the specialty food ingredient market, but it is projected to grow at a slow pace over the forecast period.

Key Developments

March 2018 - Ardent Mills, North America's leading flour supplier and grain innovator, recently launched its new business unit, The Annex, which is focused on exploring and providing food companies and food service operators with specialty ingredients and products.

Competitive landscape

Major Players - Archer Daniel Midland, Royal DSM NV, Kerry Groups, Cargill Inc., E. I. DuPont de Nemours and Company, Givaudan Flavors, Sensient Technologies, CHR. Hansen, Ingredion Incorporated, and Tate & Lyle PLC, among others.

Reasons to Purchase this Report

Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, which essentially consider the factors that are driving the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative and quantitative researches incorporating the impact of economic and non-economic aspects
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years.
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
3-month analyst support, along with the Market Estimate sheet (in excel).

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