Clean Label Ingredients Market to Reach $80.69 Billion by 2030

Redding California, February 19, 2024- Meticulous Research®, a leading global market research company, has released a comprehensive research report titled 'Clean Label Ingredients Market by Ingredient Type (Flours, Colors, Flavors, Preservatives, Starch), Source (Plant-Based), Form (Dry Form, Liquid Form), Application (Food, Beverages)-Global Forecast to 2030.' According to this latest publication, the global clean label ingredients market is poised to reach $80.69 billion by 2030, with a projected Compound Annual Growth Rate (CAGR) of 6.9% from 2023 to 2030.

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Driving Forces
The market's growth is propelled by increasing consumer preferences for organic and natural ingredients, a heightened focus on health and wellness, growing concerns regarding artificial ingredients' impact on health, a surge in demand for clean label meat alternatives, and the rise of E-commerce and online grocery shopping. However, the market faces challenges such as the comparatively high cost of clean label ingredients versus artificial alternatives. Additionally, food manufacturers' emphasis on reforming products and the escalating demand for vegan and plant-based foods present growth opportunities for stakeholders.

Key Players
Leading players in the global clean label ingredients market include 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.).

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Market Segmentation
The global clean label ingredients market is segmented by ingredient type, source, form, application, and geography. Key insights from the report include:

• In 2023, the flour segment is expected to dominate the market, driven by the rapidly growing global processed food industry and increasing demand for clean-label flour from various food products.

• The plant-based source is anticipated to account for the larger share of the market in 2023, owing to increasing consumer preferences for plant-based foods, environmental safety concerns, and a growing vegan population.

• Dry form ingredients are expected to hold a larger market share in 2023 and are projected to witness the highest CAGR during the forecast period due to their advantages in terms of storage, shelf life, handling flexibility, and lower processing costs.

• Asia-Pacific is projected to register the highest CAGR from 2023 to 2030, driven by rising health consciousness, demand for functional ingredients and healthy foods, and the growing trend of vegan and natural products in Asian countries.

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The report addresses key questions such as historical market sizes, growth rates, factors impacting market growth at regional and country levels, opportunities for existing players and new entrants, segments creating traction for manufacturers, geographical trends, major players, and recent strategic developments in the global clean label ingredients market.

Mr. Khushal Bombe
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This release was published on openPR.