Bulk Food Ingredients Global Market Size, Share, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | Bunge Limited, Lactalis Group, Kerry Group PLC, Symrise AG, Glanbia PLC

The new report published by The Business Research Company, titled ""Bulk Food Ingredients Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

Groundbreaking Products To Gain A Competitive Edge In The Market
Major companies in the bulk food ingredients market are focused on developing groundbreaking products, such as plant-based snack packs, to gain a competitive edge in the market. Plant-Based Snack Packs are individually packaged, convenient on-the-go snacks offering delicious, vegan cheese alternatives with various flavors. For instance, in September 2022, GOOD PLANeT Foods, a US-based company that specializes in offering premium plant-based cheese products, launched Snack Packs in two flavors including Smoked Gouda with Dried Cranberries and Almonds, and Cheddar with Dried Cranberries and Cashews. GOOD PLANeT aims to address the need for quality plant-based cheese options. All products are vegan, dairy-free, gluten-free, soy-free, lactose-free, allergen-free, Non-GMO project verified, and ke*to-certified, aligning with the demand for clean and sustainable choices.

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

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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.

Contents of the report:
1. Executive Summary
2. Bulk Food Ingredients Market Report Structure
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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