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Specialty Foods Global Market Report 2024

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    Report

  • 400 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5733830
The specialty foods market size has grown rapidly in recent years. It will grow from $232.04 billion in 2023 to $264.68 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth witnessed in the historical period can be ascribed to factors such as food regulations and standards, marketing and branding strategies, retail and distribution channels, evolving consumer preferences, and the emergence of food tourism.

The specialty foods market size is expected to see rapid growth in the next few years. It will grow to $420.79 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The forecasted growth in the upcoming period can be linked to factors such as a shift in the retail landscape, innovative packaging and presentation, influence from diversity and ethnic cuisine, emphasis on clean label and transparency, and the expanding growth of culinary tourism. Notable trends expected in the forecast period include increased prominence of online and direct-to-consumer sales, the use of storytelling and brand narrative, focus on localized and seasonal aspects, exploration of innovative ingredients and flavors, and the rise of gourmet convenience foods.

The increasing number of millennials who prefer preparing healthy meals at home and have a growing interest in nutritious food for a healthy lifestyle is driving the demand for specialty foods. The Specialty Foods Association (SFA) reports that millennials are twice as such as ly to plan at-home meals and show a strong preference for specialty products to enhance their culinary experiences with healthy options. Additionally, a Culinary Visions study conducted in March 2022, surveying over 2,000 U.S. consumers, revealed that 91% of participants express enjoyment in cooking at home. Consequently, the rise in millennials engaging in at-home cooking and their preference for healthy foods is anticipated to contribute to increased revenue in the specialty foods market.

The increasing demand for e-commerce is expected to fuel the growth of the specialty foods market in the future. E-commerce, involving the online buying and selling of products and services, has facilitated consumers in discovering and purchasing specialty foods. Online shopping platforms provide specialty food producers with a broader reach. For example, as of September 2022, the International Trade Administration reports that consumer eCommerce accounts for 30% of the UK's overall retail industry, up from 20% in 2020, generating over $120 billion in yearly sales. Moreover, 82% of people in the UK made at least one online purchase in 2021. Thus, the increasing demand for e-commerce is a driving force behind the specialty foods market's growth.

The elevated cost of specialty foods is expected to impede the growth of the specialty foods market during the forecast period. Specialty foods, crafted from high-quality ingredients with features such as gluten-free, non-GMO, and rich in vitamins and minerals, incur higher raw material costs. As reported by the Specialty Foods Association, the increased cost of ingredients, certifications, and production is leading to higher prices for specialty foods, making them unaffordable for a significant portion of the population. Consequently, the elevated cost of specialty foods is projected to hinder the growth of the specialty foods market in the forecast period.

The specialty foods industry is witnessing a significant trend driven by the introduction of high-quality and innovative products, including plant-based, convenience, better-for-you, and non-GMO items with unique attributes such as low fat, low calorie, low sodium, high protein, no dairy, and organic. An illustration of this trend is the July 2022 launch by Century Pacific Food Inc., a Philippines-based food and beverage company, of the innovative plant-based alternative 'unMEAT Fish-free Tuna.' Comprising 100% fish-free and non-GMO ingredients, the product stands out with its low fat content, zero traces of mercury, and trans-fat. Despite being entirely fish-free, the product maintains the taste, texture, and appearance of traditional tuna.

Leading companies in the specialty foods market are strategically focusing on the development of protein bars infused with adaptogens to gain a competitive advantage. One such example is the July 2022 launch by Laird Superfood Inc., a US-based functional foods manufacturing company, of a protein bar featuring adaptogens. This innovative product provides ten grams of plant-based protein derived from peas, hemp seeds, and pumpkin seeds, along with six grams of dietary fiber and all nine essential amino acids. It is also non-GMO, dairy-free, soy-free, and gluten-free, serving as a wholesome source of protein, fiber, and essential nutrients, while being free from artificial flavors, colors, and preservatives.

In April 2021, Brazilian-based JBS SA, a meat processing company, made a notable announcement regarding its acquisition of Vivera, a European plant-based food company, for €341 million ($410 million). The acquisition encompasses three manufacturing facilities and a research and development center in the Netherlands. This strategic move aims to bolster JBS SA's global plant-based protein platform, providing the company with a strong presence in the plant-based sector, enriched with technological knowledge and innovation capacity. Vivera, with its range of plant-based meat replacement products, is distributed to retailers in over 25 countries across Europe, further enhancing JBS's position in the evolving market.

Major companies operating in the specialty foods market report are Cargill Incorporated, Archer Daniels Midland Company, United Natural Foods Inc., Compass Group PLC, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Hormel Foods Corporation, Koninklijke DSM NV, Kerry Group PLC, Ingredion Incorporated, Novozymes A/S, Tate & Lyle PLC, AMCON Distributing Company, Lancaster Colony Corporation, Krispy Kreme Inc., Sensient Technologies, Calavo Growers Inc., The a2 Milk Company Limited, Chobani LLC, Amy's Kitchen Inc., Farmer Bros. Co., Beyond Meat Inc., Daily Harvest Inc., Bear Creek Corporation, American Spoon Foods Inc., Pacmoore Products Inc., AeroFarms LLC, Eden Creamery LLC, World Central Kitchen Inc., Axiom Foods Inc., Safe Catch Inc., Union Wine Company LLC. Asia-Pacific was the largest region in the specialty foods market in 2023. Western Europe was the second-largest region in the specialty foods market report. The regions covered in the specialty foods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The primary types of products in the specialty foods market include cheese and plant-based cheese, frozen or refrigerated meat, poultry, and seafood, chips, pretzels, and snacks, bread and baked goods, chocolate and other confectionery, among others. Cheese, a nutritious food primarily derived from cow's milk and occasionally from other mammals such as sheep, goats, buffalo, reindeer, camels, and yaks. Plant-based cheeses are crafted from various nuts, with cashews, almonds, and macadamias being the most common choices. The distribution channels for these specialty foods encompass food service, retail, and online platforms.

The specialty foods market research report is one of a series of new reports that provides specialty foods market statistics, including specialty foods industry global market size, regional shares, competitors with specialty foods market share, detailed specialty foods market segments, market trends and opportunities, and any further data you may need to thrive in the specialty foods industry. This specialty foods market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the specialty foods market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The specialty foods market consists of sales of cheese and plant-based cheese, non-RTD cocoa and coffee, refrigerated and frozen poultry/seafood/meat, yogurt, candy, pretzels/snacks/chips, bread & baked goods, and other specialty foods. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Specialty Foods Market Characteristics3. Specialty Foods Market Trends and Strategies
4. Specialty Foods Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Specialty Foods Market Size and Growth
5.1. Global Specialty Foods Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Specialty Foods Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Specialty Foods Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Specialty Foods Market Segmentation
6.1. Global Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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
  • Other Product Types
6.2. Global Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Gen-Z
  • Millennials
  • Gen-X
  • Baby Boomers
6.3. Global Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Food Service
  • Retail
  • Online
7. Specialty Foods Market Regional and Country Analysis
7.1. Global Specialty Foods Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Specialty Foods Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Specialty Foods Market
10.1. India Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Specialty Foods Market
11.1. Japan Specialty Foods Market Overview
11.2. Japan Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Specialty Foods Market
12.1. Australia Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Specialty Foods Market
13.1. Indonesia Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Specialty Foods Market
14.1. South Korea Specialty Foods Market Overview
14.2. South Korea Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Specialty Foods Market
16.1. UK Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Specialty Foods Market
17.1. Germany Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Specialty Foods Market
18.1. France Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Specialty Foods Market
19.1. Italy Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Specialty Foods Market
20.1. Spain Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Specialty Foods Market
21.1. Eastern Europe Specialty Foods Market Overview
21.2. Eastern Europe Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Specialty Foods Market
22.1. Russia Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Specialty Foods Market
23.1. North America Specialty Foods Market Overview
23.2. North America Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Specialty Foods Market
24.1. USA Specialty Foods Market Overview
24.2. USA Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Specialty Foods Market
25.1. Canada Specialty Foods Market Overview
25.2. Canada Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Specialty Foods Market
26.1. South America Specialty Foods Market Overview
26.2. South America Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Specialty Foods Market
27.1. Brazil Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Specialty Foods Market
28.1. Middle East Specialty Foods Market Overview
28.2. Middle East Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Specialty Foods Market
29.1. Africa Specialty Foods Market Overview
29.2. Africa Specialty Foods Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Specialty Foods Market, Segmentation by Consumer Generation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Specialty Foods Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Specialty Foods Market Competitive Landscape and Company Profiles
30.1. Specialty Foods Market Competitive Landscape
30.2. Specialty Foods Market Company Profiles
30.2.1. Cargill Incorporated
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Archer Daniels Midland Company
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. United Natural Foods Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Compass Group plc
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. DuPont de Nemours Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Specialty Foods Market Other Major and Innovative Companies
31.1. International Flavors & Fragrances Inc.
31.2. Hormel Foods Corporation
31.3. Koninklijke DSM NV
31.4. Kerry Group plc
31.5. Ingredion Incorporated
31.6. Novozymes A/S
31.7. Tate & Lyle plc
31.8. AMCON Distributing Company
31.9. Lancaster Colony Corporation
31.10. Krispy Kreme Inc.
31.11. Sensient Technologies
31.12. Calavo Growers Inc.
31.13. The a2 Milk Company Limited
31.14. Chobani LLC
31.15. Amy's Kitchen Inc.
32. Global Specialty Foods Market Competitive Benchmarking33. Global Specialty Foods Market Competitive Dashboard34. Key Mergers and Acquisitions in the Specialty Foods Market
35. Specialty Foods Market Future Outlook and Potential Analysis
35.1 Specialty Foods Market in 2028 - Countries Offering Most New Opportunities
35.2 Specialty Foods Market in 2028 - Segments Offering Most New Opportunities
35.3 Specialty Foods Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Specialty Foods Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on specialty foods market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • 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 shares.
  • Benchmark performance against key competitors.
  • 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 with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for specialty foods? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This 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.
  • 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, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the 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.
  • The competitive landscape chapter 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.

Report 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; Other Product Types
2) By Consumer Generation: Gen-Z; Millennials; Gen-X; Baby Boomers
3) By Distribution Channel: Food Service; Retail; Online

Key Companies Mentioned: Cargill Incorporated; Archer Daniels Midland Company; United Natural Foods Inc.; Compass Group plc; DuPont de Nemours Inc.

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

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, expenditure per capita

Data Segmentation: 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

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Cargill Incorporated
  • Archer Daniels Midland Company
  • United Natural Foods Inc.
  • Compass Group plc
  • DuPont de Nemours Inc.
  • International Flavors & Fragrances Inc.
  • Hormel Foods Corporation
  • Koninklijke DSM NV
  • Kerry Group plc
  • Ingredion Incorporated
  • Novozymes A/S
  • Tate & Lyle plc
  • AMCON Distributing Company
  • Lancaster Colony Corporation
  • Krispy Kreme Inc.
  • Sensient Technologies
  • Calavo Growers Inc.
  • The a2 Milk Company Limited
  • Chobani LLC
  • Amy's Kitchen Inc.
  • Farmer Bros. Co.
  • Beyond Meat Inc.
  • Daily Harvest Inc.
  • Bear Creek Corporation
  • American Spoon Foods Inc.
  • Pacmoore Products Inc.
  • AeroFarms LLC
  • Eden Creamery LLC
  • World Central Kitchen Inc.
  • Axiom Foods Inc.
  • Safe Catch Inc.
  • Union Wine Company LLC

Methodology

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