in 2026, New Report Shows

baked goods and others

The main product types are cheese and plant-based cheese, frozen or refrigerated meat, poultry and seafood, chips, pretzels and snacks, bread and baked goods, chocolate and other confectionery and others

Asia Pacific was the largest region in the specialty foods market in 2021, according to the report Western Europe was the second-largest region in the specialty foods market The regions covered in the specialty food market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa

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 the Specialty Foods Association, millennials are twice as likely to plan at-home meals and have high preferences for specialty products to create interesting and healthy eating experiences

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, according to the report

The high cost of specialty food is likely to hinder the growth of the specialty foods market during the period, the report states Specialty foods are made from high-quality ingredients such as gluten free, non-GMO and ingredients rich in vitamins and minerals, which results in a higher cost of raw materials According to the SFA, the high cost of ingredients, certifications and production is increasing the prices of specialty foods, making it unaffordable for many consumers The high cost of specialty foods is predicted to hinder the growth of the specialty foods market

The launch of high-quality and innovative products such as plant-based, convenience, better-for-you, non-GMO products with authenticity and products with 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 GN