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India Food Ingredients Market – Industry Trends and Forecast to 2031

Food & Beverage

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India Food Ingredients Market – Industry Trends and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • Jun 2024
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

India Food Ingredients Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 1.08 USD Billion
Diagram Market Size (Forecast Year) USD 1.82 USD Billion
Diagram CAGR %

Major Markets Players

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India Food Ingredients Market, By Type (Dairy Ingredients, Nuts Ingredients, Herbs and Spices, Cocoa Ingredient, Coffee Ingredients, Flour, Processed Fruits and Processed Vegetables), End User Segment (Food Service and Food Processors), Sector (Organized and Unorganized) Source (Plant-Based, Animal Based and Others), Category (Organic and Conventional), Form (Liquid and Dry), Application (Beverages, Cakes, Biscuits, Cookies, Pastries, Flavored Powdered Drinks, Chocolates, Ice Cream, Muffins, Coffee, Cooking Ingredients, Condiments, Sauces, Dressings, Spreads, Nuts, Seeds and Trail Mixes, Instant Noodles, Pickled Products and Others), Distribution Channel (Direct and Indirect) – Industry Trends and Forecast to 2031.

India Food Ingredients Market Analysis and Insights

The bakery and confectionery sector is a significant application area within the food ingredient market. Food ingredient suppliers provide essential ingredients such as leavening agents, emulsifiers, and enzymes, which play crucial roles in improving the texture, volume, and freshness of baked goods like bread, cakes, and pastries. Sweeteners, flavorings, and colorants supplied by these companies are vital for creating a variety of confectionery items, including chocolates, candies, and gums, enhancing their taste, appearance, and consumer appeal. Additionally, preservatives and antioxidants from food ingredient suppliers are used to extend shelf life and maintain the quality of these products, ensuring they remain fresh and safe for consumption over time.

India food ingredients market size was valued at USD 1.083 billion in 2023 and is projected to reach USD 1.82 billion by 2031, with a CAGR of 6.7% during the forecast period of 2024 to 2031.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Dairy Ingredients, Nuts Ingredients, Herbs and Spices, Cocoa Ingredient, Coffee Ingredients, Flour, Processed Fruits and Processed Vegetables), End User Segment (Food Service and Food Processors), Sector (Organized and Unorganized) Source (Plant-Based, Animal Based and Others), Category (Organic and Conventional), Form (Liquid and Dry), Application (Beverages, Cakes, Biscuits, Cookies, Pastries, Flavored Powdered Drinks, Chocolates, Ice Cream, Muffins, Coffee, Cooking Ingredients, Condiments, Sauces, Dressings, Spreads, Nuts, Seeds and Trail Mixes, Instant Noodles, Pickled Products and Others), Distribution Channel (Direct and Indirect)

Market Players Covered

Aarkay Food Products Ltd. (India), Flex Foods Limited (India), Epsilon Ingredients Pvt. Ltd. (India), Nuqi Foods (India), Capricorn Food Products India Ltd. (India), MDH Spices (India), Value Ingredients (India), DÖHLER (Germany), Saipro Biotech Private Limited (India), Sresta Natural Bioproducts Pvt. Ltd. (India), SubNutra (India), ABS Food Ingredients (India), Drytech Industries (India), Oneworld Corporation Private Limited (India), Farmvilla.co.in (India), Mevive International (India), Vinayak Corporation (India), Olam Group (Singapore), Adare Food Ingredients Pvt Ltd (India)

Market Opportunities

  • Expansion of Clean Label Movement
  • Growing Innovation in Food Technology

Market Definition

A food ingredient is any substance added to food to achieve a specific technical or functional purpose. These can include preservatives, flavorings, colorings, vitamins, minerals, and emulsifiers, among others. Food ingredients are essential for enhancing flavor, texture, appearance, and nutritional value, as well as extending shelf life and ensuring food safety.

Food Ingredients Market Dynamics

Drivers

  • Rising Demand for Processed Foods

Modern lifestyles are becoming fast-paced due to which consumers seek convenience and time-saving meal options. It leads to a surge in the consumption of ready-to-eat, pre-packaged, and processed foods. This trend necessitates the use of various food ingredients such as preservatives, flavor enhancers, texturizers, and stabilizers to improve taste, texture, shelf life, and overall quality. Food ingredient suppliers play a crucial role in providing these essential components, enabling manufacturers to meet consumer demand for convenient, high-quality food products.

  • Rising Disposable Incomes

Consumers have more purchasing power through which they tend to spend more on premium and specialty food products, which require diverse and high-quality food ingredient solutions. This increased financial capability leads to a greater demand for gourmet foods, health-conscious options, and convenience items, all of which rely on a wide range of food ingredients. Consequently, food ingredient suppliers see an uptick in business as manufacturers strive to meet the sophisticated and varied tastes of a wealthier consumer base through innovative food ingredient solutions.

Opportunities

  • Expansion of Clean Label Movement

Consumers increasingly seek products with fewer artificial additives, preservatives, and chemicals, preferring natural, recognizable ingredients. This trend has prompted food manufacturers to reformulate their products with clean-label ingredients, leading to a growing demand for natural flavorings, colorants, and preservatives. As a result, food ingredient suppliers are innovating to offer a wide range of clean-label solutions, such as natural extracts, plant-based ingredients, and non-GMO alternatives. This movement not only influences consumer purchasing decisions but also encourages manufacturers to source high-quality, ethically sourced ingredients, driving the overall growth of the food ingredient market.

  • Growing Innovation in Food Technology

Advancements in food processing techniques, such as encapsulation, nanotechnology, and enzyme engineering, enable the development of novel ingredients with enhanced functionalities. These innovations allow manufacturers to create ingredients that improve taste, texture, nutritional content, and shelf life, meeting evolving consumer preferences for healthier, more convenient, and tastier food products. Food technology innovations facilitate the extraction and utilization of natural ingredients, catering to the growing demand for clean label and natural products. This constant innovation fosters competition among food ingredient suppliers, driving them to invest in research and development to introduce new and improved ingredients to the market.

Restraints/Challenges

  • Growing Awareness of Environmental Impact

Consumers are increasingly concerned about the sustainability of ingredient sourcing, production processes, and packaging materials. This heightened awareness prompts food manufacturers to seek eco-friendly alternatives, which may be more costly or challenging to procure. Additionally, stricter environmental regulations and standards may require companies to invest in sustainable practices, increasing operational costs.

  • High Regulatory Challenges

Stringent regulations governing food safety, labeling requirements, and ingredient sourcing can create compliance hurdles for manufacturers, leading to increased administrative burdens and costs. Adhering to diverse regulatory frameworks across different regions adds complexity to product development and distribution, potentially delaying time-to-market for new food ingredients. Moreover, changes in regulatory standards or the introduction of new regulations may necessitate reformulation of existing products, further adding to operational costs and resource allocation.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2021, Aarkay Food Products Ltd. launched new grades to its Cheese Powders range, specifically targeting applications in dips, mayonnaise, and condiment sauces. This strategic product expansion aims to cater to diverse culinary needs, thereby broadening the company's product portfolio. The introduction of these new grades is anticipated to attract a wider customer base and drive growth in various food segments.
  • In 2020, Drytech Industries was awarded the prestigious “Golden Circle Supplier” accolade from Nestle. This significant recognition not only acknowledges Drytech's exceptional quality and reliability but also enhances the company's reputation and goodwill in the industry. The award is expected to open up further business opportunities and strengthen its market position

Food Ingredients Market Scope

The market is segmented into five segments on the basis of type, flavor, extraction method, application, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

  • Flour
  • Dairy Ingredients
  • Herbs and Spices
  • Nuts Ingredients
  • Processed Vegetables
  • Processed Fruits
  • Cocoa Ingredients
  • Coffee Ingredients

Sector

  • Organized sector
  • Unorganized sector

Source

  • Plant-based
  • Animal-based
  • Others

Form

  • Liquid
  • Dry

Category

  • Conventional
  • Organic

End-User

  • Food service
  • Food processing

Application

  • Beverages
  • Cakes
  • Biscuits
  • Cookies
  • Pastries
  • Flavored Powdered Drinks
  • Chocolates
  • Ice Cream
  • Muffins
  • Coffee
  • Cooking Ingredients
  • Condiments
  • Sauces
  • Dressings
  • Spreads
  • Nuts, Seeds and Trail Mixes
  • Instant Noodles
  • Pickled Products
  • Others

Distribution Channel

  • Direct
  • Indirect

Competitive Landscape and Food Ingredients Market Share Analysis

The 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 organic coffee market.

Some of the major players operating in the market are:

  • Aarkay Food Products Ltd. (India)
  • Flex Foods Limited (India)
  • Epsilon Ingredients Pvt. Ltd. (India)
  • Nuqi Foods (India)
  • Capricorn Food Products India Ltd. (India)
  • MDH Spices (India)
  • Value Ingredients (India)
  • DÖHLER (Germany)
  • Saipro Biotech Private Limited (India)
  • Sresta Natural Bioproducts Pvt. Ltd. (India)
  • SubNutra (India)
  • ABS Food Ingredients (India)
  • Drytech Industries (India)
  • Oneworld Corporation Private Limited (India)
  • Farmvilla.co.in (India)
  • Mevive International (India)
  • Vinayak Corporation (India)
  • Olam Group (Singapore)
  • Adare Food Ingredients Pvt Ltd (India)


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FREQUENTLY ASK QUESTIONS

The India Food Ingredients Market size will be worth USD 1.82 billion by 2031.
The India Food Ingredients Market growth rate will be 6.7% by 2031.
The Rising Demand for Processed Foods and Rising Disposable Incomes are the growth drivers of the India Food Ingredients Market.
The type, flavor, extraction method, application, and distribution channel are the factors on which the India Food Ingredients Market research is based.
The major companies in the India Food Ingredients Market are Aarkay Food Products Ltd. (India), Flex Foods Limited (India), Epsilon Ingredients Pvt. Ltd. (India), Nuqi Foods (India), Capricorn Food Products India Ltd. (India), MDH Spices (India), Value Ingredients (India), DÖHLER (Germany), Saipro Biotech Private Limited (India), Sresta Natural Bioproducts Pvt. Ltd. (India), SubNutra (India), ABS Food Ingredients (India), Drytech Industries (India), Oneworld Corporation Private Limited (India), Farmvilla.co.in (India), Mevive International (India), Vinayak Corporation (India), Olam Group (Singapore), Adare Food Ingredients Pvt Ltd (India).
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