The Specialty Food Ingredients Market size was USD 169.5 billion in 2022 and is expected to Reach USD 268.1 billion by 2030 and grow at a CAGR of 5.9% over the forecast period of 2023-2030.
Specialty food ingredients are ingredients that have unique functional or technological properties that improve the quality, taste, nutrition, or other characteristics of food and beverages.
Based on application, the market is categorized into Food & Beverage, Pharmaceutical, Personal Care, and Other. The food and beverage segment led the market, accounting for 69.5% of total revenue in 2022. This is due to changing consumer lifestyles and eating tastes, which have contributed to the expansion of the processed food production sector, which is expected to drive demand for specialized food ingredients. Additionally, Specialty food ingredients are used in a wide variety of food and beverage applications to improve the taste, texture, nutritional value, and shelf life of products.
The pharmaceutical application sector is rapidly utilizing the importance of specialty food ingredients in the development of new products. Pharmaceutical applications for specialty food ingredients Increased bioavailability of drugs, Reduced side effects of drugs.
KEY DRIVERS
Increasing awareness of the need for the safety of food
consumers prefer food and beverage items with healthy and natural components since they are very careful about the food they eat. It is possible to employ some specialized food additives to prevent the growth of bacteria and other germs. Others can be employed to increase food products' nutritional value, which can assist in strengthening the immune system and lower the chance of contracting a foodborne infection. As a result, the food and beverage industry has a tremendous demand for nutraceutical components. A wide variety of nutraceutical ingredients are available from numerous market vendors and can be employed in a variety of foods and beverages. As a result, the necessity for food safety is growing, which will support the market growth.
RESTRAIN
Limited shelf life and stability
Specialty food ingredients frequently have a shorter shelf life than conventional food components and are more fragile. This is due to the fact that they are frequently produced using natural components, which are more prone to spoiling. It may be challenging for food makers to market and deliver their goods due to the specialty food ingredients' short shelf lives. As customers might not be able to use an entire product before it expires, it might also result in food waste. Specialty food additives can also be challenging to stabilize. This is because they are frequently intricate compounds with unpredictable interactions. As a result, the look, flavor, texture, and nutritional content of food products may alter.
OPPORTUNITY
Growing Demand for Fortified Processed Food
Deficiency of Nutrients in consumers are more common issue that drives the need for Foods that have been fortified with key elements that have a higher nutritional value and can aid those who are nutrient deficient. Consumers are becoming more and more conscious of the value of having a balanced diet. As a result, there is a rise in demand for processed foods that have been fortified to meet dietary requirements. Manufacturers now have a market for fortified meals, which in turn is driving up demand for specialized functional ingredients including minerals, vitamins, omega-3, protein, and others. Customers are choosing foods and drinks with specific healthful ingredients more frequently.
CHALLENGES
High prices of Specialty Food Ingredients
The price and total cost of production of nutraceutical ingredients are influenced by variables including the supply and availability of the raw materials. Additionally, some plants and fruits that are used to make ingredients are only grown in specific areas; an example of this is the profusion of acai berries in Brazil. These berries must be purchased and transported at significant expense, which drives up the cost of the finished ingredients even more. During the projected period, such factors are anticipated to have a negative effect on the market under consideration.
The conflict between Russia and Ukraine has had a negative impact on the specialized food ingredients sector. Russia and Ukraine are significant exporters of wheat, sunflower oil, and other agricultural commodities. Because of the war, the global supply of these products has been affected, resulting in higher costs and shortages. The war, being a confrontation between two major agricultural powers, has a variety of severe socioeconomic consequences that are now being felt internationally and may increase, particularly for global food security. The food crisis will intensify if the war continues, offering a challenge to many countries, particularly those that rely on imports of food, such as those in the MENA region. Wheat prices have risen by more than 30% since the beginning of the conflict, and global wheat production is anticipated to fall by 4% in 2022.
The recession's impact is also likely to differ depending on the type of specialty food components used. Specialty food ingredients are frequently utilized to create functional foods that have been fortified with nutrients or other health-promoting components. The price and total cost of producing food ingredients are impacted by variables such as raw material supply and availability. Sunflower oil prices have risen by more than 50% since the beginning of the conflict, and global sunflower oil production is predicted to fall by 25% by 2022. The high cost of food ingredients has an indirect impact on the demand for specialty ingredients.
by Product Type
Functional Food Ingredient
Sweeteners
Food Flavors and Enhancers
Acidulants
Preservatives
Emulsifiers
Colorants
Enzymes
Proteins
Specialty Fats and Oils
specialty Starches
others
by Nature
Organic
Conventional
by Application
Food & Beverage
Pharmaceutical
Personal Care
Other
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Asia Pacific region dominated the specialty food ingredients market with a revenue share of 32.6% in 2022. China is now the largest market for emulsifiers in the Asia Pacific due to the rise in popularity of convenience foods, which has increased demand for emulsifiers in the food industry. The country's younger population is emphasizing food component transparency and seeking healthier, all-natural food products. In addition, the large population of the nation encourages the growth of the personal care, pharmaceutical, and food and beverage sectors, which are predicted to be important industry drivers in the nation.
Europe was the second-biggest regional market for specialized food ingredients in 2022. Europe has a long history of producing delicious foods, and when customer preferences shift, novel cuisines are frequently developed. Some of the biggest importers of specialty ingredients are nations in the area, including France, Italy, and Belgium. The production and demand for specialty food ingredients are increased by the presence of a respectable number of processing and confectionary businesses in Germany and the United Kingdom.
North America had a large market share in the forecast period. The growth is attributed to the rising prevalence of chronic and lifestyle health conditions across a major portion of the population, as well as the growing adoption of better lifestyles, which has spurred the region's desire for food products containing functional and specialty ingredients. The U.S. dominated the market due to the rising demand for items that are secure and made from plants.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Specialty Food Ingredients Market are Naturex, Wild Flavors GmbH, Givaudan, KF Specialty Ingredients, Associated British Foods Plc, Agropur Cooperative, Chr. Hansen, Archer Daniels Midland Company, Kerry Group, Tate & Lyle, Cargill Inc., Ingredion, DSM, Univar Solutions, and other key players.
In 2023, Univar Solutions, the world's largest supplier of specialty ingredients and chemical solutions, announced that it has become a registered distributor for Camlin Fine Sciences aroma ingredients in the United States and Canada. Univar Solutions broadens its offering of food ingredients in North America.
In 2023, Celanese Corporation of the United States and Mitsui & Company, Ltd. of Japan signed an official agreement to launch Nutrinova, a food ingredients joint venture.
In 2022, Royal DSM has agreed to pay USD 453 million to acquire First Choice Ingredients, a renowned distributor of dairy-based savory flavorings. First Choice Ingredients creates clean-label, fermented dairy and dairy-based savory flavorings for taste and functionality in a variety of applications.
| Report Attributes | Details |
| Market Size in 2022 | US$ 169.5 Billion |
| Market Size by 2030 | US$ 268.1 Billion |
| CAGR | CAGR of 5.9 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Functional Food Ingredient, Sweeteners, Food Flavors and Enhancers, Acidulants, Preservatives, Emulsifiers, Colorants, Enzymes, Proteins, Specialty Fats and Oils, specialty Starches, and others) • By Nature (Organic, Conventional) • By Application (Food & Beverage, Pharmaceutical, Personal Care, and Other) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Naturex, Wild Flavors GmbH, Givaudan, KF Specialty Ingredients, Associated British Foods Plc, Agropur Cooperative, Chr. Hansen, Archer Daniels Midland Company, Kerry Group, Tate & Lyle, Cargill Inc., Ingredion, DSM, Univar Solutions |
| Key Drivers | • Increasing awareness of the need for the safety of food |
| Market Restrain | • Limited shelf life and stability |
Ans: Specialty Food Ingredients Market is anticipated to expand by 5.9% from 2023 to 2030.
Ans: USD 268.1 billion is expected to grow by 2030.
Ans: Challenges are the high prices of Specialty Food Ingredients.
Ans: The Asia Pacific region dominate the Specialty Food Ingredients Market in 2022.
Ans: Opportunities are the growing Demand for Fortified Processed Food.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on Major Economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Specialty Food Ingredients Market Segmentation, By Type
8.1 Functional Food Ingredient
8.2 Sweeteners
8.3 Food Flavors and Enhancers
8.4 Acidulants
8.5 Preservatives
8.6 Emulsifiers
8.7 Colorants
8.8 Enzymes
8.9 Proteins
8.10 Specialty Fats and Oils
8.11 specialty Starches
8.12 others
9. Specialty Food Ingredients Market Segmentation, By Nature
9.1 Organic
9.2 Conventional
10. Specialty Food Ingredients Market Segmentation, By Application
10.1 Food & Beverage
10.2 Pharmaceutical
10.3 Personal Care
10.4 Other
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Specialty Food Ingredients Market by Country
11.2.2 North America Specialty Food Ingredients Market by Type
11.2.3 North America Specialty Food Ingredients Market by Nature
11.2.4 North America Specialty Food Ingredients Market by Application
11.2.5 USA
11.2.5.1 USA Specialty Food Ingredients Market by Type
11.2.5.2 USA Specialty Food Ingredients Market by Nature
11.2.5.3 USA Specialty Food Ingredients Market by Application
11.2.6 Canada
11.2.6.1 Canada Specialty Food Ingredients Market by Type
11.2.6.2 Canada Specialty Food Ingredients Market by Nature
11.2.6.3 Canada Specialty Food Ingredients Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Specialty Food Ingredients Market by Type
11.2.7.2 Mexico Specialty Food Ingredients Market by Nature
11.2.7.3 Mexico Specialty Food Ingredients Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Specialty Food Ingredients Market by Country
11.3.1.2 Eastern Europe Specialty Food Ingredients Market by Type
11.3.1.3 Eastern Europe Specialty Food Ingredients Market by Nature
11.3.1.4 Eastern Europe Specialty Food Ingredients Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Specialty Food Ingredients Market by Type
11.3.1.5.2 Poland Specialty Food Ingredients Market by Nature
11.3.1.5.3 Poland Specialty Food Ingredients Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Specialty Food Ingredients Market by Type
11.3.1.6.2 Romania Specialty Food Ingredients Market by Nature
11.3.1.6.4 Romania Specialty Food Ingredients Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Specialty Food Ingredients Market by Type
11.3.1.7.2 Turkey Specialty Food Ingredients Market by Nature
11.3.1.7.3 Turkey Specialty Food Ingredients Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Specialty Food Ingredients Market by Type
11.3.1.8.2 Rest of Eastern Europe Specialty Food Ingredients Market by Nature
11.3.1.8.3 Rest of Eastern Europe Specialty Food Ingredients Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Specialty Food Ingredients Market by Type
11.3.2.2 Western Europe Specialty Food Ingredients Market by Nature
11.3.2.3 Western Europe Specialty Food Ingredients Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Specialty Food Ingredients Market by Type
11.3.2.4.2 Germany Specialty Food Ingredients Market by Nature
11.3.2.4.3 Germany Specialty Food Ingredients Market by Application
11.3.2.5 France
11.3.2.5.1 France Specialty Food Ingredients Market by Type
11.3.2.5.2 France Specialty Food Ingredients Market by Nature
11.3.2.5.3 France Specialty Food Ingredients Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Specialty Food Ingredients Market by Type
11.3.2.6.2 UK Specialty Food Ingredients Market by Nature
11.3.2.6.3 UK Specialty Food Ingredients Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Specialty Food Ingredients Market by Type
11.3.2.7.2 Italy Specialty Food Ingredients Market by Nature
11.3.2.7.3 Italy Specialty Food Ingredients Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Specialty Food Ingredients Market by Type
11.3.2.8.2 Spain Specialty Food Ingredients Market by Nature
11.3.2.8.3 Spain Specialty Food Ingredients Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Specialty Food Ingredients Market by Type
11.3.2.9.2 Netherlands Specialty Food Ingredients Market by Nature
11.3.2.9.3 Netherlands Specialty Food Ingredients Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Specialty Food Ingredients Market by Type
11.3.2.10.2 Switzerland Specialty Food Ingredients Market by Nature
11.3.2.10.3 Switzerland Specialty Food Ingredients Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Specialty Food Ingredients Market by Type
11.3.2.11.3 Austria Specialty Food Ingredients Market by Nature
11.3.2.11.4 Austria Specialty Food Ingredients Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Specialty Food Ingredients Market by Type
11.3.2.12.2 Rest of Western Europe Specialty Food Ingredients Market by Nature
11.3.2.12.3 Rest of Western Europe Specialty Food Ingredients Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Specialty Food Ingredients Market by Country
11.4.2 Asia-Pacific Specialty Food Ingredients Market by Type
11.4.3 Asia-Pacific Specialty Food Ingredients Market by Nature
11.4.4 Asia-Pacific Specialty Food Ingredients Market by Application
11.4.5 China
11.4.5.1 China Specialty Food Ingredients Market by Type
11.4.5.2 China Specialty Food Ingredients Market by Application
11.4.5.3 China Specialty Food Ingredients Market by Nature
11.4.6 India
11.4.6.1 India Specialty Food Ingredients Market by Type
11.4.6.2 India Specialty Food Ingredients Market by Nature
11.4.6.3 India Specialty Food Ingredients Market by Application
11.4.7 Japan
11.4.7.1 Japan Specialty Food Ingredients Market by Type
11.4.7.2 Japan Specialty Food Ingredients Market by Nature
11.4.7.3 Japan Specialty Food Ingredients Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Specialty Food Ingredients Market by Type
11.4.8.2 South Korea Specialty Food Ingredients Market by Nature
11.4.8.3 South Korea Specialty Food Ingredients Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Specialty Food Ingredients Market by Type
11.4.9.2 Vietnam Specialty Food Ingredients Market by Nature
11.4.9.3 Vietnam Specialty Food Ingredients Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Specialty Food Ingredients Market by Type
11.4.10.2 Singapore Specialty Food Ingredients Market by Nature
11.4.10.3 Singapore Specialty Food Ingredients Market by Application
11.4.11 Australia
11.4.11.1 Australia Specialty Food Ingredients Market by Type
11.4.11.2 Australia Specialty Food Ingredients Market by Nature
11.4.11.3 Australia Specialty Food Ingredients Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Specialty Food Ingredients Market by Type
11.4.12.2 Rest of Asia-Pacific Specialty Food Ingredients Market by Nature
11.4.12.3 Rest of Asia-Pacific Specialty Food Ingredients Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Specialty Food Ingredients Market by Country
11.5.1.2 Middle East Specialty Food Ingredients Market by Type
11.5.1.3 Middle East Specialty Food Ingredients Market by Nature
11.5.1.4 Middle East Specialty Food Ingredients Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Specialty Food Ingredients Market by Type
11.5.1.5.2 UAE Specialty Food Ingredients Market by Nature
11.5.1.5.3 UAE Specialty Food Ingredients Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Specialty Food Ingredients Market by Type
11.5.1.6.2 Egypt Specialty Food Ingredients Market by Nature
11.5.1.6.3 Egypt Specialty Food Ingredients Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Specialty Food Ingredients Market by Type
11.5.1.7.2 Saudi Arabia Specialty Food Ingredients Market by Nature
11.5.1.7.3 Saudi Arabia Specialty Food Ingredients Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Specialty Food Ingredients Market by Type
11.5.1.8.2 Qatar Specialty Food Ingredients Market by Nature
11.5.1.8.3 Qatar Specialty Food Ingredients Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Specialty Food Ingredients Market by Type
11.5.1.9.2 Rest of Middle East Specialty Food Ingredients Market by Nature
11.5.1.9.3 Rest of Middle East Specialty Food Ingredients Market by Application
11.5.2 Africa
11.5.2.1 Africa Specialty Food Ingredients Market by Country
11.5.2.2 Africa Specialty Food Ingredients Market by Type
11.5.2.3 Africa Specialty Food Ingredients Market by Nature
11.5.2.4 Africa Specialty Food Ingredients Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Specialty Food Ingredients Market by Type
11.5.2.5.2 Nigeria Specialty Food Ingredients Market by Nature
11.5.2.5.3 Nigeria Specialty Food Ingredients Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Specialty Food Ingredients Market by Type
11.5.2.6.2 South Africa Specialty Food Ingredients Market by Nature
11.5.2.6.3 South Africa Specialty Food Ingredients Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Specialty Food Ingredients Market by Type
11.5.2.7.2 Rest of Africa Specialty Food Ingredients Market by Nature
11.5.2.7.3 Rest of Africa Specialty Food Ingredients Market by Application
11.6 Latin America
11.6.1 Latin America Specialty Food Ingredients Market by Country
11.6.2 Latin America Specialty Food Ingredients Market by Type
11.6.3 Latin America Specialty Food Ingredients Market by Nature
11.6.4 Latin America Specialty Food Ingredients Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Specialty Food Ingredients Market by Type
11.6.5.2 Brazil Specialty Food Ingredients Market by Nature
11.6.5.3 Brazil Specialty Food Ingredients Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Specialty Food Ingredients Market by Type
11.6.6.2 Argentina Specialty Food Ingredients Market by Nature
11.6.6.3 Argentina Specialty Food Ingredients Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Specialty Food Ingredients Market by Type
11.6.7.2 Colombia Specialty Food Ingredients Market by Nature
11.6.7.3 Colombia Specialty Food Ingredients Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Specialty Food Ingredients Market by Type
11.6.8.2 Rest of Latin America Specialty Food Ingredients Market by Nature
11.6.8.3 Rest of Latin America Specialty Food Ingredients Market by Application
12.Company profile
12.1 Wild Flavors GmbH
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Naturex
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Givaudan
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Associated British Foods Plc
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 KF Specialty Ingredients
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Univar Solutions
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 DSM
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Chr. Hansen
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Archer Daniels Midland Company
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Kerry Group
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Tate & Lyle
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Ingredion
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Cargill Inc
12.13.1 Company Overview
12.13.2 Financials
12.13.3 Product/Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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The Plant-Based Protein Supplements Market Size was esteemed at USD 5.37 billion out of 2022 and is supposed to arrive at USD 10.81 billion by 2030 and develop at a CAGR of 9.12% over the forecast period 2023-2030.
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