BURLINGAME, Calif., July 4, 2024 /PRNewswire/ -- The global Specialty Food Ingredients Market, valued at $107.4 billion in 2024, is on a trajectory of rapid expansion, with projections indicating it will soar to $155.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031, as per a recent report by Coherent Market Insights. Consumers are increasingly preferring food and beverages that are seen as healthy and clean label. This is driving up demand for specialty ingredients that appeal to health-conscious consumers and support claims related to non-GMO, organic, gluten-free etc. Ingredients such as prebiotics, plant-based proteins and other specialty ingredients are seeing strong demand as they allow food brands to formulate products aligned with consumer interest in wellness.
Specialty Food Ingredients Market Size to Worth $155.2 Billion by 2031, Growing at a CAGR of 5.4%, Says Coherent Market Insights
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.