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Ingredients in Focus is Food Dive's bite-sized column that highlights interesting developments. In the material sector.
According to a recent report by DataM Intelligence, the specialty food ingredients market is expected to experience significant growth between 2024 and 2030.
Changing dietary preferences, population growth, and increasing consumer awareness about the health benefits associated with specialty ingredients are driving research and development efforts in the market.
According to the report, the category’s growth is expected to continue as more and more consumers focus on improving their health and wellness.
The specialty food ingredients market size was valued at USD 112.4 million in 2022 and is expected to reach USD 168.6 million by 2031, growing at a CAGR of 5.2%.
The report generally defined specialty food ingredients as those that “aid in preservation, texture, emulsification, color, processing, and improving the nutritional profile of processed foods.” These ingredients are often used by chefs and food manufacturers to differentiate their products, create unique culinary experiences, meet dietary preferences or restrictions, and appeal to health-conscious consumers, the report said.
For example, the sweetener market is going through a period of tremendous innovation, with companies using ingredients like honey truffle and other sweet proteins to create sugar-like flavors, while others are trying to replace artificial colorings with vitamins like spirulina.
Specialty ingredients that target specific health concerns, such as cardiovascular health, digestive health, and weight management, are also expected to gain popularity in the coming years.
