Food Ingredients Market Analysis, Size, Share, Trends, Outlook, Growth And Global Forecast 2023-2032

As per The Business Research Company's Food Ingredients Opportunities And Strategies Market Report 2023, 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 market size of the food ingredients market is expected to grow to $74.78 billion in 2027 at a CAGR of 9.6%.

The increase in the awareness of fitness among people and the growing number of health-conscious consumers are expected to drive the market for food ingredients during 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.

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The introduction to technologically advanced solutions is an emerging trend in the food ingredients market. 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.

Food Ingredients Market Segmentation:
The food ingredients market is segmented by Product Type , by function and by application .
By Product Type -
a) Starches
b) Vegetable Oils And Fats
c) Natural Sweeteners
d) Enzymes And Antioxidants
e) Natural Flavorings And Colours
f) Functional Ingredients
g) Other Product Types

By Function -
a) Sweeteners
b) Emulsifier
d) Flavors And Color Additives
e) Preservatives
f) Fat Replacers, Nutrients
g) Stabilizers
h) Thickeners
i) Binders And Texturizers
j) pH Control Agents And Acidulants
k) Other Funcations

By Application -
a) Pharmaceuticals
b) Food And Beverages
c) Animal Feed
d) Other Applications

Major players in the food ingredients market include Kerry Group, Cargill Inc., Archer Daniels Midland, Stevia First Corporation, Hermes Sweeteners Ltd.

The regions covered in the global food ingredients market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Food Ingredients Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Food Ingredients Market Report Table Of Content
1. Food Ingredients Market Executive Summary
2. Food Ingredients Table of Contents
3. List of Figures
4. Report Structure
5. Introduction to the food ingredients market
……
25. Key Mergers And Acquisitions In The Food Ingredients Market
26. Market Background: Nursing Care
27. Food Ingredients Market Opportunities And Strategies
28. Food Ingredients Market, Conclusions And Recommendations
29. Appendix

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