Ingredients in Focus is a concise column from Food Dive that showcases noteworthy developments in the ingredients sector. A recent report by DataM Intelligence indicates that the specialty food ingredient market is anticipated to witness substantial growth from 2024 to 2030. Factors such as shifting dietary preferences, a rising population, and heightened consumer awareness regarding the health benefits of specialty ingredients are driving extensive research and development in this market. As consumers increasingly prioritize their health and wellness, the report suggests that this growth trend is likely to continue.
The size of the specialty food ingredient market was valued at $112.4 million in 2022, with projections indicating it will reach $168.6 million by 2031, reflecting a compound annual growth rate of 5.2%. According to the report, specialty food ingredients are defined as those that typically “preserve, texture, emulsify, color, help process, and enhance the nutritional profile of processed foods.” These ingredients are frequently utilized by chefs and food manufacturers to distinguish their products, create innovative culinary experiences, cater to specific dietary preferences or restrictions, and attract health-conscious consumers.
For instance, the sweetener market is currently undergoing a wave of innovation, with companies experimenting with ingredients such as honey truffle and other sweet proteins to replicate the taste of sugar. Additionally, some companies are seeking to replace artificial coloring agents with vitamins like Spirulina. Specialty ingredients designed to address particular health concerns, such as cardiovascular health—which can be supported by compounds like amlodipine—and digestive health, as well as weight management, are expected to gain momentum in the coming years. Furthermore, the incorporation of calcium citrate in food formulations is also anticipated to rise as consumers become more health-focused. Overall, the specialty food ingredient market is poised for significant advancements, driven by the growing demand for healthier and more diverse food options.