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Specialty Foods Global Market Report 2021: COVID-19 Growth and Change to 2030

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    Report

  • May 2021
  • Region: Global
  • The Business Research Company
  • ID: 5321363
Specialty Foods Global Market Report 2021: COVID-19 Growth and Change to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global specialty foods market.







This report focuses on the specialty foods market which is experiencing strong growth. The report gives a guide to the specialty foods market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Description:

Where is the largest and fastest growing market for the specialty foods? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Specialty Foods market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider specialty foods market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The specialty foods market section of the report gives context. It compares the specialty foods market with other segments of the specialty foods market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, specialty foods indicators comparison.

Scope

Markets Covered: 1) By Product Type: Cheese and Plant-based cheese; Frozen or refrigerated meat, poultry, and seafood; Chips, Pretzels, and Snacks; Bread and Baked goods; Chocolate and Other Confectionery; Others 2) By Distribution Channel: Food Service; Retail; Online 3) By Consumer Generation: Gen-Z; Millennials; Gen-X; Baby Boomers

Companies Mentioned: Compass Group; Chobani; World Central Kitchen; Eden Creamery; AeroFarms


Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Specialty Foods Market

What is the estimated value of the Global Specialty Foods Market?

The Global Specialty Foods Market was estimated to be valued at $161.52 billion in 2021.

What is the growth rate of the Global Specialty Foods Market?

The growth rate of the Global Specialty Foods Market is 11.2%, with an estimated value of $247.2 billion by 2025.

What is the forecasted size of the Global Specialty Foods Market?

The Global Specialty Foods Market is estimated to be worth $247.2 billion by 2025.

Who are the key companies in the Global Specialty Foods Market?

Key companies in the Global Specialty Foods Market include Compass Group, Chobani, World Central Kitchen, Eden Creamery, AeroFarms, Safe Catch Foods, Union Wine Co., Daily Harvest and Amy’s Kitchen.

Table of Contents

1. Executive Summary2. Specialty Foods Market Characteristics3. Specialty Foods Market Trends and Strategies4. Impact of COVID-19 on Specialty Foods
5. Specialty Foods Market Size and Growth
5.1. Global Specialty Foods Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Specialty Foods Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Specialty Foods Market Segmentation
6.1. Global Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Cheese and Plant-based cheese
  • Frozen or refrigerated meat, poultry, and seafood
  • Chips, Pretzels, and Snacks
  • Bread and Baked goods
  • Chocolate and Other Confectionery
  • Others
6.2. Global Specialty Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Food Service
  • Retail
  • Online
6.3. Global Specialty Foods Market, Segmentation By Consumer Generation, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Gen-Z
  • Millennials
  • Gen-X
  • Baby Boomers

7. Specialty Foods Market Regional and Country Analysis
7.1. Global Specialty Foods Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Specialty Foods Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Specialty Foods Market
8.1. Asia-Pacific Specialty Foods Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Specialty Foods Market
9.1. China Specialty Foods Market Overview
9.2. China Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Specialty Foods Market
10.1. India Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Specialty Foods Market
11.1. Japan Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Specialty Foods Market
12.1. Australia Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Specialty Foods Market
13.1. Indonesia Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Specialty Foods Market
14.1. South Korea Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Specialty Foods Market
15.1. Western Europe Specialty Foods Market Overview
15.2. Western Europe Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Specialty Foods Market
16.1. UK Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Specialty Foods Market
17.1. Germany Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Specialty Foods Market
18.3. France Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Specialty Foods Market
19.1. Eastern Europe Specialty Foods Market Overview
19.2. Eastern Europe Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Specialty Foods Market
20.1. Russia Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Specialty Foods Market
21.1. North America Specialty Foods Market Overview
21.2. North America Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Specialty Foods Market
22.1. USA Specialty Foods Market Overview
22.2. USA Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Specialty Foods Market
23.1. South America Specialty Foods Market Overview
23.2. South America Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Specialty Foods Market
24.1. Brazil Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Specialty Foods Market
25.1. Middle East Specialty Foods Market Overview
25.2. Middle East Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Specialty Foods Market
26.1. Africa Specialty Foods Market Overview
26.2. Africa Specialty Foods Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Specialty Foods Market Competitive Landscape and Company Profiles
27.1. Specialty Foods Market Competitive Landscape
27.2. Specialty Foods Market Company Profiles
27.2.1. Compass Group
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Chobani
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. World Central Kitchen
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Eden Creamery
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. AeroFarms
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions in the Specialty Foods Market29. Specialty Foods Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer

Executive Summary

Major players in the specialty foods market are Compass Group, Chobani, World Central Kitchen, Eden Creamery, AeroFarms, Safe Catch Foods, Union Wine Co., Daily Harvest, a2 Milk and Amy’s Kitchen.

The global specialty foods market is expected to grow from $138.79 billion in 2020 to $161.52 billion in 2021 at a compound annual growth rate (CAGR) of 16.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $247.2 billion in 2025 at a CAGR of 11%.

The market for specialty foods consists of sales of specialty foods and their related services. Specialty foods are made from high quality ingredients and have limited distribution with unique or beautiful packaging. The specialty foods consist of cheese & plant-based cheese, non-RTD cocoa and coffee, refrigerated and frozen poultry/seafood/meat, yogurt, candy, pretzels/snacks/chips, bread & baked goods, and others

The growth in the number of millennials preferring at-home and healthy meals coupled with growing interest in having nutritious food for a healthy lifestyle is increasing the demand for specialty foods. According to Specialty Foods Association (SFA), millennials are twice likely to plan at-home meals and giving high preferences for specialty products to create interesting and healthy eating experiences. Moreover, according to the research from the NDP Group in 2019, millennials, gen X, and baby boomers are expected to eat more meals at home. Thus, growth in at-home cooking activities of millennials and preferences for healthy foods is anticipated to boost the revenue for specialty foods market over the forthcoming years.

The high cost of specialty food is likely to hinder the growth of the specialty foods market during the period. Specialty foods are made from high-quality ingredients such as gluten-free, non-GMO, and ingredients rich in vitamins and minerals, thus include a higher cost of raw materials. According to specialty foods association, the high cost of ingredients, certifications, and production is increasing the prices of specialty foods making it unaffordable for the large group of the populace. Therefore, the high cost of specialty foods is predicted to hinder the growth of the specialty foods market during the forecast period.

The specialty foods market covered in this report is segmented by product type into cheese and plant-based cheese; frozen or refrigerated meat, poultry, and seafood; chips, pretzels, and snacks; bread and baked goods; chocolate and other confectionery; others and by distribution channel into food service; retail; online.

The launch of high quality and innovative products such as plant-based, convenience, better-for-you, non-GMO products with authenticity, and products with unique attributes such as low fat, low calorie, low sodium, high protein, no dairy and organic is a major trend shaping the growth of the specialty foods industry. For instance, in February 2020, PANOS Brands, engaged in production and sales of a unique portfolio of specialty and natural brands announced the launch of its new products which includes Amore Organic Ready-To-Eat Legumes, KA•ME Asian Rice Crackers, Amore Organic Ready-To-Eat Legumes, Chatfield’s premium allergen-safe Organic Baking Bars, Andrew & Everett rBGH-BST Hormone Free Melting Cheese, and MI-DEL Organic Apple Cinnamon Cookies. Therefore, the launch of new innovative and healthy products is likely to be a major trend driving the sales of the specialty foods industry.

In August 2018, Indiana Packers Corporation (IPC), producer of Indiana Kitchen premium pork products announced the acquisition of Specialty Foods Group, LLC (SFG) based in Owensboro, Kentucky for a purchase-price between $ 25-27 million. The acquisition is expected to strengthen the Indiana Packers Corporation (IPC) growth for manufacturing, marketing, sales, and raw material utilization capabilities. Specialty Foods Group LLC is a manufacturer and distributor of private-labelled and premium branded meat products in the USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Compass Group
  • Chobani
  • World Central Kitchen
  • Eden Creamery
  • AeroFarms
  • Safe Catch Foods
  • Union Wine Co.
  • Daily Harvest
  • a2 Milk
  • Amy’s Kitchen
  • Archer Daniels Midland Company
  • E.I. du Pont de Nemours and Company
  • Cargill, Incorporated
  • Kerry Group
  • Ingredion Incorporated
  • Tate & Lyle PLC
  • Pacmoore Products Inc.

Methodology

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