Market Size of North America Specialty Food Ingredient Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.51 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Specialty Food Ingredients Market Analysis
North America specialty food ingredient market was is projected to witness a CAGR of 4.51% during the forecast period (2020 - 2025).
- Consumers in the United States, Canada are leaning toward healthy food ingredients in their food products owing to the prevalence of obesity and diabetes in the country which induces the consumers to focus on an improved lifestyle. For that reason, manufacturers are acquiring native players to cater to consumers with hale and hearty ingredients.
- In March 2019, Ingredion acquired potato starch manufacturer Western Polymer to expand its and customer base by offering desired ingredients, together with escalating manufacturing capacity, enhance processing capabilities, and broaden its premium specialty ingredients business
- The growing demand for functional food ingredients, such as vitamins and minerals and prebiotics and probiotics in functional beverages, is further influencing the market growth in the North American region.
