Global Specialty Foods Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Specialty Foods Market Report by The Business Research Company covers specialty foods market drivers and restraints, specialty foods market size, major players, and the impact of COVID-19 on the specialty foods market.
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.
The global specialty foods market is expected 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%.
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Some specialty foods market trends include 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.
Global specialty foods market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Specialty Foods Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides specialty foods market overviews, analyzes and forecasts market size, share, specialty foods market players, specialty foods market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The specialty foods market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Specialty Foods Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: 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.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The specialty foods Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The specialty foods Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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