Food Ingredients Market Analysis, Size, Trends And Industry Forecast 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Food Ingredients Global Market Report 2023 identifies the increase in the awareness of fitness among people and the growing number of health-conscious consumers as the major driver for the food ingredients market's growth in the forecast period. Consumers are incorporating bioactive food ingredients such as omega-3 fatty acids, antioxidants, probiotics, soy protein, and beta-carotene into their meals to maintain good health. According to International Food Information Council's (IFIC) 2020 Food and Health Survey, 8 out of 10 American consumers have changed their eating or food preparation habits as a result of COVID-19. Furthermore, according to the 2021 survey by Moneydasher, in the USA and Europe, health-conscious shoppers cover 25-30% of all supermarket buyers.

The global food ingredients market size grew from $47.24 billion in 2022 to $51.92 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The food ingredients market size is expected to grow to $74.78 billion in 2027 at a CAGR of 9.6%.

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Major competitors in the food ingredients market are Kerry Group, Cargill Inc., Archer Daniels Midland, Stevia First Corporation, Hermes Sweeteners Ltd., Riken Vitamin, Koninklijke DSM N.V, Palsgaard, Danisco, Angel Yeast Co. Ltd., Aral Foods amber, Bunge Limited, Glanbia PLC., Ingredion Incorporated, and Corbion Purac.

A key trend in the food ingredients market includes the introduction to technologically advanced solutions. Major food ingredients firms are concentrating on developing innovative solutions for food ingredients to provide global food industries with next-generation alternative proteins and other ingredients. For instance, in August 2022, Kalsec, a US-based food ingredient company partnered with Infinome Biosciences, a US-based bioengineering company, to use a precision fermentation technique to develop microbial-based food ingredients.

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The food ingredients market is segmented -
•By Product Type: Starches, Vegetable Oils And Fats, Natural Sweeteners, Enzymes And Antioxidants, Natural Flavorings And Colours, Functional Ingredients, Other Product Types
•By Function: Sweeteners, Emulsifier, Flavors And Color Additives, Preservatives, Fat Replacers, Nutrients, Stabilizers, Thickeners, Binders, And Texturizers, pH Control Agents And Acidulants, Other Funcations
•By Application: Pharmaceuticals, Food And Beverages, Animal Feed, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the food ingredients market.

The Business Research Company's "Global Food Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Food Ingredients Market Include:
1. Executive Summary
2. Food Ingredients Market Characteristics
3. Food Ingredients Market Trends And Strategies
4. Food Ingredients Market - Macro Economic Scenario
5. Food Ingredients Market Size And Growth
……
26. Africa Food Ingredients Market
27. Food Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Ingredients Market
29. Food Ingredients Market Future Outlook and Potential Analysis
30. Appendix

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