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Clean Label Ingredients Market to Register a CAGR of 7.1% over the Forecast Period | Key Players: Archer Daniels Midland Company, Cargill

09-21-2022 03:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INISGHTS

Clean Label Ingredients Market

Clean Label Ingredients Market

The global clean label ingredients market was estimated at USD 39.21 billion in 2018 and it is anticipated to exhibit a CAGR of 7.1% over the forecast period.

Clean label, in the eyes of consumers, refers to ingredients that are easy to understand and identify, are raw and minimally processed, and do not contain any additives or preservatives. Although the exact concept is debatable, the defining problem for our industry is clear: how to extract ingredients from food without compromising flavor, texture, protection, or shelf life.

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Biobased ingredients such as lactic acid and lactates hold the key. Essentially, making a product with as few ingredients as possible and ensuring that those ingredients are products that consumers know and consider wholesome-ingredients that consumers would use at home-is what clean label is all about. It looks for foods with simple ingredients and no artificial or synthetic chemicals, and it has come to be synonymous with food manufacturers' "confidence."

The key drivers of this market are the rise in clean label product releases, which is fueled by an increase in the consumption of clean label food products to drive demand of clean label ingredients, as well as health concerns about artificial food additives and food safety accidents.

Growth Drivers that Support the Global Clean Label Ingredients Market:

During the forecast period, the clean label ingredient market is projected to grow at a healthy rate globally. Because of the large number and variety of clean label ingredient products available in countries like the United Kingdom, Spain, Germany, Italy, and Hungary, they are the most clean label ingredient consuming countries; this makes Eastern and Western Europe the leading region in the global clean label ingredient industry.

Countries in Asia Pacific and the Middle East and Africa, on the other hand, provide significant growth opportunities for the industry. The impressive economic growth seen in recent years has resulted in an increase in the working population. As a result, customers have less money to spend on cooking at home, which increases demand for organic and clean label items.

Based on the type segment, the sweetener segment is expected to have the highest market share in the clean label ingredients market. During the forecast period, the demand for sweetener in the clean label ingredients market is expected to rise due to rising demand for milk products, increasing demand for long-lasting products that can extend the shelf life of the product, and an increase in the use of sweetener in various food products.

Recent Developments in the Global Clean Label Ingredients Market:

06.2020 - Evanesse CB6194, a clean label emulsifier was introduced by Ingredion Inc., in the United States and Canada. The ingredient is a vegan chickpea broth that combines the emulsification power of conventional additives with the convenience of a single, easily identifiable ingredient.

24 nov 2020 - ChickP Protein Ltd has introduced a non-GMO, clean-label native chickpea starch that includes more than 98 percent starch and has a high amylose-to-amylopectin ratio.

Diana Food received the Fair Trade "Fair for Life" (FFL) certification on August 4th, 2020, expanding its range with a fresh, clean label, organic, and fair trade acerola powder that addresses the market's need for immunity-boosting solutions while also adding environmental and social value.

30 April 2020 - Arla Foods Ingredients has introduced a clean-label concept to assist brands in meeting China's rising demand for ambient yoghurt. According to the business, the latest approach is the first of its kind. To offer unrefrigerated yoghurts a premium positioning with all-natural ingredients, it uses Nutrilac YO-4575, a 100 percent natural whey protein.

Major companies functioning in the global Clean Label Ingredients market are Archer Daniels Midland Company, Cargill, Koninklijke DSM N.V., Kerry Group PLC, E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Tate & Lyle PLCare, Quick BENEO GmbH, and others.

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