Specialty Foods Market Size, Share, Development By 2023: Compass Group, Chobani, World Central Kitchen, AeroFarms

The Business Research Company offers " Specialty Foods Market Global Report 2020-30: Covid 19 Growth and Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global specialty foods market is expected to decline from $165.06 billion in 2019 to $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 $209.47 billion in 2023 at CAGR of 12.98%.

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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 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.

Specialty Foods Market Segmentation: -
By Product Type
1. Cheese and Plant-based cheese
2. Frozen or refrigerated meat, poultry, and seafood
3. Chips, Pretzels, and Snacks
4. Bread and Baked goods
5. Chocolate and Other Confectionery
6. Others

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Few Points From Table Of Content
1. Executive Summary
2. Specialty Foods Market Characteristics
3. Specialty Foods Market Size And Growth
4. Specialty Foods Market Segmentation
5. Specialty Foods Market Regional And Country Analysis
……………
25. Specialty Foods Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Specialty Foods Market
27. Specialty Foods Market Trends And Strategies
28. Specialty Foods Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the specialty foods market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved 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, Amy’s Kitchen

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