Bulk Food Ingredients Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Bulk Food Ingredients Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The bulk food ingredients market size has grown strongly in recent years. It will grow from $748.48 billion in 2023 to $794.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to population growth, urbanization, food industry expansion, advancements in food processing, global trade, supply chain efficiencies.

The bulk food ingredients market size is expected to see strong growth in the next few years. It will grow to $1020.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to plant-based eating, sustainable sourcing, e-commerce growth, food industry innovation, consumer convenience, functional foods demand. Major trends in the forecast period include customization and specialty ingredients, clean and green processing technologies, blockchain for supply chain transparency, flavor innovation and exotic ingredients, non-GMO and organic ingredients.

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Market Segmentation:
The bulk food ingredients market covered in this report is segmented -
1) By Type: Primary Processed Bulk Food Ingredients, Secondary Processed Bulk Food Ingredients
2) By Application: Ready Meals, Bakery Products, Confectionery Products, Snacks and Spreads, Other Applications
3) By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, E-Commerce, Others Distribution Channels

Major Driver - Rising Demand For Convenience Foods Fuels Growth In Bulk Food Ingredients Market
The growing demand for convenience food products is expected to propel the growth of the bulk food ingredients market going forward. Convenience foods are processed foods that are ready-to-eat, commonly served in restaurants or sold at grocery stores, and include snacks and frozen foods. They can be cooked with a minimum or no effort in preparation. Convenience foods are commercially prepared and use bulk food ingredients as raw materials. These are more suitable for travelers and people who are unacquainted with cooking. For instance, according to the Institute of Food Technologists, a US-based scientific society of professionals engaged in food science and food technology, U.S. snack sales were up 5% in the first half of 2021 when compared with 2020. Also, in 2021, the sales of frozen novelties were up 26% and refrigerated lunch product sales grew by 36.4%. Therefore, growing demand for convenience food products is driving the growth of the bulk food ingredients market.

Competitive Landscape:
Major companies operating in the bulk food ingredients market report are Cargill Incorporated, Archer Daniels Midland Company, Bunge Limited, Olam International Limited, Lactalis Group, Associated British Foods plc, Royal FrieslandCampina N.V., Arla Foods amba, DuPont de Nemours Inc., International Flavours & Fragrances Inc., IFF Inc., Koninklijke DSM N.V., Kerry Group plc, Fonterra Co-operative Group Limited, Ingredion Incorporated, McCormick & Company Incorporated, Firmenich International SA, Symrise AG, Tate & Lyle PLC, Corbion N.V., The Source Bulk Foods, Community Foods Limited, Bedoukian Research Inc., GCL Food Ingredients Holdings Limited, EHL Ingredients Limited, DMH Ingredients Inc., Essex Food Ingredients, Ingredients Inc., Glanbia plc, Organic Partners International LLC, Tereos S.A., Ajinomoto Co. Inc.

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Top Trend - Plant-Based Products To Maximize Their Profits In The Market
Major companies in the bulk food ingredients market are focused on developing plant-based products, such as plant-based pulses, to maximize their profits in the market. Plant-based pulses refer to a category of food products derived from leguminous plants. For instance, in February 2022, ETG Food Products Inc., Canada-based processors, and supply chain managers and exporters, launched Naturz, a new brand of pulses catering to health-conscious consumers seeking plant-based options. These pulses are made from natural, nutrient-rich ingredients, are vegan, kosher, and halal, and contain no artificial colors or flavors. With a growing trend toward plant-based proteins, Naturz aims to provide a range of choices for consumers worldwide. The initial portfolio includes 16 SKUs of pulses like chickpeas, black-eyed beans, lentils, and more, packaged in 2 lbs and 4 lbs retail bags

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

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