Global Specialty Foods Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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 decline from USD 165.06 billion in 2019 to USD 145.25 billion in 2020 at a compound annual growth rate (CAGR) of -12%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach USD 209.47 billion in 2023 at CAGR of 12.98%. 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. North America was the largest region in the specialty foods market in 2019. 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 USD 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-labeled and premium branded meat products in the USA. 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 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 increases 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 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, KAME 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. 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 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. For More Information, refer to below link:- Global Specialty Foods Market Related Report:- Global Specialty Fats & Oils Market Size Study, by Type (Specialty Fats, Specialty Oil) by Application (Chocolates & Confectioneries, Bakery Products, Processed Foods, Dairy Products, Other Application) by Form (Dry, Liquid) by Functionality (Molding, Filling, Coating, Stabilizing, Texturing, Health, Others) by Regional Forecasts 2017-2025 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Post Views: 14 Tags: a2 Milk Specialty Foods Market Revenue, AeroFarms Specialty Foods Market Shares, Africa Specialty Foods Market, Amy's Kitchen Specialty Foods Market Size, Archer Daniels Midland Company Specialty Foods Market Size, Asia Pacific Specialty Foods Market, Australia Specialty Foods Market, Brazil Specialty Foods Market, Cargill Specialty Foods Market Revenue, China Specialty Foods Market, Chobani Specialty Foods Market Sales, Compass Group Specialty Foods Market Shares, Covid-19 Impact on Global Specialty Foods Industry, Covid-19 Impact on Global Specialty Foods Market, Daily Harvest Specialty Foods Market Shares, E.I. du Pont de Nemours and Company Specialty Foods Market Sales, Eden Creamery Specialty Foods Market Revenue, France Specialty Foods Market, Germany Specialty Foods Market, Global Bread and Baked Goods Market, Global Cheese And Plant Based Cheese Market, Global Chips, Global Chocolate and Other Confectionery Market, Global Frozen Or Refrigerated Meat Market, Global Poultry And Seafood Market, Global Specialty Food Service Market, Global Specialty Foods Industry, Global Specialty Foods Industry Research Report, Global Specialty Foods Market, Global Specialty Foods Market Analysis, Global Specialty Foods Market Competition, Global Specialty Foods Market Forecast, Global Specialty Foods Market Future Outlook, Global Specialty Foods Market Growth, Global Specialty Foods Market Research Report, Global Specialty Foods Market Revenue, Global Specialty Foods Market Shares, Global Specialty Foods Market Size, Global Specialty Foods Online Market, Global Specialty Foods Retail Market, India Specialty Foods Market, Indonesia Specialty Foods Market, Industry Research Report Of Global Specialty Foods, Ingredion Incorporated Specialty Foods Market Sales, Japan Specialty Foods Market, Kerry Group Specialty Foods Market Shares, Marché mondial des aliments de spécialité, Market Research Report Of Global Specialty Foods, Mercado mundial de alimentos especiales, Middle East Specialty Foods Market, North America Specialty Foods Market, Pacmoore Products Specialty Foods Market Shares, Pretzels and Snacks Market, Russia Specialty Foods Market, Safe Catch Foods Specialty Foods Market Size, South America Specialty Foods Market, Specialty Foods Industry In Global, Specialty Foods Market In Global, Tate & Lyle PLC Specialty Foods Market Revenue, UK Specialty Foods Market, Union Wine Co. 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