Food Ingredients Market to Reach USD 140.62 Billion in 2032 | Emergen Research

The promising growth of the Food Ingredients market is driven by the higher expansion in the processed foods and ready-to-serve foods market and the increasing demand from developing economies

Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) -- The Food Ingredients Market is forecasted to be worth USD 140.62 billion by 2032, according to a new report by Emergen Research. The key factors influencing the market include increasing adoption of the convenience foods, higher demand for the natural food ingredients, and a tremendous surge in demand for ready-to-eat food products.

Higher consumer preference for the extended nutritious value, rising requirement for the cold-storage foods, the higher proliferation of the ready-made packaged & ready-to-serve foods, foods with lower calorific values & dietary foods, and cheaper alternatives of the premium edibles are a few additional market driving factors. Food Flavors and Enhancers hold the highest amount of research & developments undergone by the flavor manufacturers, and a higher preference has been attributed to the Natural Extracts and Fruit Flavoring agents.

The global market landscape of food ingredients is expected to remain in a very competitive and fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.

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Scope of Research

Report DetailsOutcome
Market size value in 2019USD 37.68 Billion
CAGR (2023–2032)10.6%
Revenue forecast to 2032USD 140.62 Billion
Base year for estimation2022
Historical data2019–2021
Forecast period2023–2032
Quantitative unitsRevenue in USD Billion, Volume in Kilo Tons, and CAGR from 2023 to 2032
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredType, Application, Sales Channel, and Region
Regional scopeNorth America; Europe; Asia Pacific; Central & South America; MEA
Country scopeU.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey
Key companies profiledKerry Group, Cargill Inc., Corbion Purac, Stevia First Corporation, Hermes Sweeteners Ltd, Tate & Lyle Plc, Archer Daniels Midland, Riken Vitamin, Palsgaard, and Dupont- Danisco
Customization scope10 hrs of free customization and expert consultation

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Major Companies and Competitive Landscape

The market for Food Ingredients Market is fairly in the fragmented side, with a number of conglomerates as well as medium-sized & start-up companies, which account for a major global share of the market. The crucial players involved in the Food Ingredients Market are desegregated across the value chain. The key companies of the market are well-equipped with large production facilities and are also engaged in various research & development activities. Some of the prominent players in the market include:

  • Kerry Group
  • Cargill Inc.
  • Corbion Purac
  • Stevia First Corporation
  • Hermes Sweeteners Ltd
  • Tate & Lyle Plc
  • Archer Daniels Midland
  • Riken Vitamin
  • Palsgaard
  • Dupont- Danisco.

Strategic Development
In June 2020, Ingredion Incorporated launched a new dietary fiber in the United States with a name Novelose 3490. The fiber was originally launched in the Asia Pacific region and enabled the food manufacturers to develop high-fiber bakery & snacks products that could satisfy the consumer demand regarding digestive wellness.

Further key findings from the report suggest

  • In June 2020, Ingredion Incorporated launched a new dietary fiber in the United States with a name Novelose 3490. The fiber was originally launched in the Asia Pacific region and enabled the food manufacturers to develop high-fiber bakery & snacks products that could satisfy the consumer demand regarding digestive wellness.
  • A higher penetration for the online business channels or e-commerce chains for the food ingredients owing to the reduced price offering and availability newer product line-ups & bulk product availability from a higher number of available sellers are deliberately helping to create enforcement to the market.
  • The developing regions in the Asia Pacific are experiencing a rapid development in the food flavoring, emulsifying, and preserving research & development and increasing usage of the food ingredients, and a substantial economic development along with a mentionable shift in the consumer preferences in the food & beverage sectors deliberately propel the market enforcement.

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Segments Covered in Report

Emergen Research has segmented into the global Food Ingredients Market on the basis of Type, Application, Sales Channel, and Region:

  • Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
    • Preservatives                   
      1. Natural Antioxidants     
      2. Sorbates             
      3. Benzonates       
      4. Others 
    • Sweeteners                       
      1. Bulk Sweeteners             
        • Sucrose
        • Fructose
        • Lactose
        • High Fructose
        • Others
      2. Sugar Substitutes            
        • Sucralose
        • Xylitol
        • Stevia
        • Aspartame
        • Saccharine
        • Others
    • Emulsifiers                         
      1. Mono-Di-Glycerides      
      2. Lecithin
      3. Sorbitan Esters 
      4. Others 
    • Anti-Caking                        
      1. Calcium compounds      
      2. Sodium compounds       
      3. Silicon Dioxide  
      4. Others 
    • Enzymes                             
      1. Carbohydrases 
      2. Protease             
      3. Lipase  
      4. Others 
    • Hydrocolloids                    
      1. Starch  
      2. Gelatin Gum      
      3. Xanthan Gum   
      4. Others 
    • Food Flavors and Enhancers                       
      1. Natural Extracts
      2. Fruit flavors       
      3. Monosodium Glutamate             
      4. Others 
    • Food Colorants                 
      1. Synthetic Food 
      2. Natural Food     
      3. Others 
    • Acidulants                          
      1. Citric Acid           
      2. Phosphoric Acid
      3. Lactic Acid          
      4. Others 
  • Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
    • Bakery
    • Beverages
    • Meat and Meat Products
    • Dairy Products
    • Vegan Foods
    • Others
  • Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
    • Online
    • Offline
  • Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
    • North America
      1. U.S.
      2. Canada
    • Europe
      1. UK
      2. Germany
      3. France
      4. BENELUX
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • MEA
      1. Saudi Arabia
      2. UAE
      3. Rest of MEA

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