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

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

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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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