Clean Label Ingredients Market to be Worth $80.69 Billion by 2030

Redding California, January 25,2024-Meticulous Research®, a preeminent global market research firm, has released its latest report titled 'Clean Label Ingredients Market by Ingredient Type (Flours, Colors, Flavors, Preservatives, Starch), Source (Plant-Based), Form (Dry Form, Liquid Form), Application (Food - Bakery and Confectionery, Meat Products, Beverages) - Global Forecast to 2030.'

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According to Meticulous Research®, the global clean label ingredients market is anticipated to ascend to $80.69 billion by 2030, reflecting a compelling Compound Annual Growth Rate (CAGR) of 6.9% from 2023 to 2030. This forecast is underpinned by an evolving consumer preference for organic and natural ingredients, a heightened focus on health and wellness, escalating concerns associated with artificial ingredients, the surge in demand for clean label meat alternatives, and the exponential rise of E-commerce and online grocery shopping.

Key Drivers and Challenges Shaping the Market Landscape
Despite the impressive growth trajectory, the market faces constraints due to the relatively high cost of clean label ingredients compared to artificial alternatives. However, the burgeoning focus of food manufacturers on reforming products and the increasing demand for vegan and plant-based foods are expected to create new growth avenues for stakeholders in the clean label ingredients market.

Major Players Steering the Industry
Leading the charge in the global clean label ingredients market are key players such as Archer-Daniels-Midland Company (U.S.), BENEO GmbH (Part of Südzucker AG) (Germany), Brisan Group (U.S.), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Corbion NV (Netherlands), Groupe Limagrain Holding (France), Ingredion Incorporated (U.S.), International Flavors & Fragrances Inc. (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), Sensient Technologies Corporation (U.S.), and Tate & Lyle PLC (U.K.).

In-Depth Market Segmentation and Analysis
The global clean label ingredients market is meticulously segmented based on ingredient type (flour, colors, flavors, sweeteners, starch, preservatives, and other ingredients), source (plant-based source and other sources), form (dry and liquid form), application (food and beverages), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

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Insights into Segment Dynamics:
• Ingredient Type:
• In 2023, the flour segment is poised to dominate the global clean label ingredients market, fueled by the rapidly growing global processed food industry and the increasing demand for clean-label flour in various applications such as bakery and confectionery, sauces and dressings, dairy products, packaged meals, and processed foods.
• Source:
• The plant-based segment is anticipated to secure a larger share of the global clean label ingredients market in 2023, propelled by the rising consumer preference for plant-based foods, heightened environmental safety concerns, and the expanding vegan population. This segment is projected to register a higher CAGR during the forecast period due to the growing demand for dairy alternative products and plant-based meat products.

• Form:
• The dry form segment is expected to capture a substantial share of the global clean label ingredients market in 2023, with projections indicating the highest CAGR during the forecast period. This dominance is attributed to the higher demand for dry-form ingredients, driven by advantages such as ease of storage, longer shelf life, flexibility in handling, and cost-effectiveness compared to liquid-form ingredients.

• Application:
• In 2023, the food segment is anticipated to dominate the clean label ingredients market, propelled by the rapidly growing global food industry, increasing health-consciousness among consumers, rising demand for healthy snack products, and a surge in popularity for vegan, organic, and plant-based food products. Technological advancements in the food sector and a growing focus on product innovations are expected to further bolster market growth.
• Geography:
• Asia-Pacific is projected to register the highest CAGR during the forecast period (2023-2030), driven by rising health consciousness, increasing demand for functional ingredients and healthy foods, a health-conscious population spending on nutrient-dense foods, a growing trend of vegan, natural, and organic food products, and the escalating popularity of the clean-label food trend in Asian countries.

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About Meticulous Research®
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This release was published on openPR.