Global Food Ingredient Market, By Product Type (Hydrocolloids, Anti-Caking Agents, Vegetable Oils & Fats, Sweeteners, Enzymes & Antioxidants, Natural Flavourings & Colours, Functional Ingredients, Others), Application (Bakery, Chocolates & Confectionery, RTE Foods, Meat, Frozen Foods, Beverages, Dairy Products, Functional Foods, Others), Function (Sweeteners, Stabilizers & Thickeners, Binders, Texturizers, Emulsifiers, Flavours & Colour Additives, Leavening Agents, pH Control Agents & Acidulants, Nutrients, Preservatives, Fat Replacers, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the global food ingredient market to account USD 72.92 billion by 2028 growing at a CAGR of 7.20% in the forecast period of 2021-2028.
Food ingredients are defined as the base materials and their sources are natural products but due to modernisation certain are manufactured synthetically. These ingredients are the premise for the creation of end-use products because they are utilized in their formulations. These ingredients give diverse functionalities based on the different strategies of utilization, some ingredients offer preservative functionality, colouring upgrade, flavour enhancement, fragrant improvement and numerous others.
Growing level of adoption for convenience food and increase in the concerns about the shelf-life of food products are the major factors attributable to the growth of food ingredient market.Rise in the prevalence of e-commerce market, growing level of trade activities of food and beverages and increase in the level of urbanisation which has resulted in the rise of purchasing power of individuals are the driving factors influencing the growth of the food ingredient market.
Growing focus of leading manufacturers of the market for the new product development will boost the opportunities for the growth of food ingredient market.
However, changes in the lifestyle and adoption of natural food products are the factors that will restrict the growth of the food ingredient market. Presence of strict rules and regulations resulting in a difficult and lengthy approval process for the ingredients will challenge the market growth.
This food ingredient market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food ingredient market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Ingredient Market Scope and Market Size
The food ingredient market is segmented on the basis of product type, application and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the food ingredient market is segmented into hydrocolloids, anti-caking agents, vegetable oils and fats, sweeteners, enzymes and antioxidants, natural flavourings and colours, functional ingredients and others. Hydrocolloids have been further sub-segmented into starch, gelatin gum, xantham gum and others. Anti-caking agents have been further sub-segmented into calcium compounds, sodium compounds, silicon dioxide and others. Enzymes have been further sub-segmented into carbohydrates, protease, lipase and others. Natural flavourings and colours have been further sub-segmented into natural extracts, fruit flavours, monosodium glutamate, synthetic food colorants, natural food colorants and others.
- On the basis of application, the food ingredient market is segmented into bakery, chocolates and confectionery, RTE foods, meat, frozen foods, beverages, dairy products, functional foods and others.
- On the basis of function, the global food ingredient market is segmented into sweeteners, stabilizers and thickeners, binders, texturizers, emulsifiers, flavours and colour additives, leavening agents, pH control agents and acidulants, nutrients, preservatives, fat replacers and others. Sweeteners have been further sub-segmented into bulk sweeteners and sugar substitutes. Bulk sweeteners have been divided into sucrose, fructose, lactose, high fructose corn syrup (HFCS) and others. Sugar substitutes have been divided into sucralose, xylitol, stevia, aspartame, saccharine and others. Emulsifiers have been further sub-segmented into lecithin, sorbitan esters and others. pH control agents and acidulants have been further sub-segmented into citric acid, phosphoric acid, lactic acid and others. Preservatives have been further sub-segmented into sorbates, benzonates and others.
Food Ingredient Market Country Level Analysis
The food ingredient market is analyses and market size, volume information is provided by country, product type, application and function as referenced above.
The countries covered in the food ingredient market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the food ingredient market and will continue to flourish its trend of dominance during the forecast period owing to the rising demand for food enzymes and high disposable income in this region. Asia-Pacific and Europe region is expected to score the highest CAGR due to the rise in changes in lifestyle of the consumer and increasing nutritional awareness in this region.
The country section of the food ingredient market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Ingredient Market Share Analysis
The food ingredient market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food ingredient market.
The major players covered in the food ingredient market report are DSM, Ingredion, Fonterra Co-operative Group Limited, Kerry, Glanbia PLC, Givaudan, Cargill, Incorporated, ADM, Sensient Technologies Corporation, Chr. Hansen Holding A/S, AngelYeast Co., Ltd., Arla Foods amba, Associated Milk Producers Inc., Bunge Limited, International Flavors & Fragrances Inc., Symrise, Robertet, Firmenich SA, Takasago International Corporation, MANE, T.HASEGAWA CO., LTD., Kemin Industries, Inc., Pellagic Food Ingredients Pvt. Ltd., MK Ingredients, DuPont and Nutra Food Ingredients among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.