Asia-Pacific Specialty Food Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers Asia Food Ingredients Companies and is Segmented by Type (Sweeteners & Starch, Flavors & Colorants, Acidulants, Emulsifiers, Enzymes, Proteins, Specialty Oils & Fats, and Others); by Application (Bakery and confectionery, Beverages, Dairy Products, Meat Products, and Other Applications); and by Country

APAC Specialty Food Ingredient Market Size

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Asia Pacific Specialty Food Ingredient Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.90 %
Market Concentration Low

Major Players

Asia Pacific Specialty Food Ingredient Market Major Players

*Disclaimer: Major Players sorted in no particular order


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APAC Specialty Food Ingredient Market Analysis

The Asia Pacific specialty food ingredients market is projected to grow at a CAGR of 3.9% during the forecast period (2020 - 2025).

  • Specialty food ingredients are the major pillars of growth for a variety of processed foods, as from the textural enhancements to shelf life improvements, specialty ingredients have played a significant role in the strengthening of food trade. In addition, the industry for specialty food ingredients essentially thrives on the wider technological and functional benefits that these ingredients confer, in terms of high quality, safety, affordability, nutrition, and deliciousness of the processed food products.
  • Furthermore, the demand for convenient foods has recorded robust growth, owing to changing lifestyles and dietary preferences, which is, therefore, fueling the specialty ingredients market.
  • However, the regulatory constraints regarding the authorization and approvals are restraining the market growth.

APAC Specialty Food Ingredient Market Trends

This section covers the major market trends shaping the APAC Specialty Food Ingredient Market according to our research experts:

Acquisitive Demand of Specialty Food Ingredients in Beverage Industry

The popularity of on-the-go beverages and the demand for functional beverages as a preferred class of meal-replacement solutions has led to the introduction of highly convenient packaging formats. Companies are producing a large variety of non-alcoholic ferments as specialty food ingredients for applications in beverages, like soft drinks and malt-based juices. The malt-based juices serve as refreshing thirst-quenchers and alternatives to the traditional soft drinks. Furthermore, consumers in China and Japan are health conscious and prefer natural ingredients in their energy drinks, leading to the introduction of new products and innovations in ingredients, thus, augmenting the market growth. Additionally, major brands, like Monster, Red Bull, PepsiCo, and Coca-Cola, are inclined toward launching new flavors, such as Lucozade Sports Mango and Passionfruit, and Relentless Mango Ultra. Moreover, the global market giants, like Cargill, are incorporating label-friendliness, calorie reduction, cost optimization, specialized nutrition, and plant-based alternatives in their ingredient systems for beverages.

Asia-Pacific Specialty Food Ingredients Market, by Application, 2019

China to Dominate The Regional Market

The specialty food ingredients market in China was reported to dominate the regional market in 2019. Food consumption patterns in China have changed significantly with improved living standards, and thus more consumers are exposed to a greater diversity of consumer products, especially the functional ingredient products. The popularity of convenience food has boosted the demand for emulsifiers in the food industry, making China the largest market for emulsifiers in Asia-Pacific. In addition, Chinese consumers are more concerned about their health and the quality of food products, boosting the demand for more sophisticated food and nutrition products. Furthermore, frequent launches of enhanced functional products have further fueled market growth. For instance, DuPont Nutrition & Health recently launched probiotics-based new ingredient products in the Chinese markets, such as YO-MIX® PRO probiotic dairy culture and fermented vegetables and fruits powder, providing all-in-one DuPont Danisco functional ingredients solutions, by combining other existing ingredients, along with brilliantly innovative concepts and great-tasting sample applications.

Asia-Pacific Specialty Food Ingredients Market, by Country, 2019

APAC Specialty Food Ingredient Industry Overview

The Asia-Pacific market for specialty food ingredients is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Cargill, Incorporated, Kerry Inc., Tate & Lyle PLC, DuPont, and ADM among others.

APAC Specialty Food Ingredient Market Leaders

  1. Cargill, Incorporated

  2. Kerry Inc.

  3. Tate & Lyle PLC

  4. DuPont

  5. ADM

*Disclaimer: Major Players sorted in no particular order

Asia Pacific Specialty Food Ingredient Market Concentration
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APAC Specialty Food Ingredient Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Sweetener & Starch

      2. 5.1.2 Flavors & Colorants

      3. 5.1.3 Acidulants

      4. 5.1.4 Emulsifiers

      5. 5.1.5 Enzymes

      6. 5.1.6 Proteins

      7. 5.1.7 Speciality Oils & Fats

      8. 5.1.8 Others

    2. 5.2 By Application

      1. 5.2.1 Bakery & Confectionery

      2. 5.2.2 Beverages

      3. 5.2.3 Dairy Products

      4. 5.2.4 Meat Products

      5. 5.2.5 Other Applications

    3. 5.3 By Country

      1. 5.3.1 China

      2. 5.3.2 Japan

      3. 5.3.3 India

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia Pacific


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill, Incorporated

      2. 6.4.2 Kerry Inc.

      3. 6.4.3 Tate & Lyle PLC

      4. 6.4.4 DuPont

      5. 6.4.5 The Archer Daniels Midland Company

      6. 6.4.6 Koninklijke DSM N.V

      7. 6.4.7 Sensient Technologies Corporation

      8. 6.4.8 Ingredion Incorporated

    5. *List Not Exhaustive

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APAC Specialty Food Ingredient Industry Segmentation

The Asia-Pacific specialty food ingredient market is segmented by type into sweeteners & starch, flavors & colorants, acidulants, emulsifiers, enzymes, proteins, specialty oils & fats, and others; and by application into beverages, bakery & confectionery, dairy products, meat products, and other applications. Also, the study provides an analysis of the specialty food ingredient market in the emerging and established markets across the Asia Pacific countries, including China, Japan, India, Australia, and Rest of Asia-Pacific.

By Type
Sweetener & Starch
Flavors & Colorants
Speciality Oils & Fats
By Application
Bakery & Confectionery
Dairy Products
Meat Products
Other Applications
By Country
Rest of Asia Pacific
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APAC Specialty Food Ingredient Market Research FAQs

The Asia-Pacific Specialty Food Ingredient Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)

Cargill, Incorporated, Kerry Inc., Tate & Lyle PLC, DuPont and ADM are the major companies operating in the Asia-Pacific Specialty Food Ingredient Market.

The report covers the Asia-Pacific Specialty Food Ingredient Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Specialty Food Ingredient Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Specialty Food Ingredients Industry Report

Statistics for the 2024 Asia-Pacific Specialty Food Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Specialty Food Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Specialty Food Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)