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Food Ingredients Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast
Food Ingredients Market Size
As per the report, the food ingredients market size has grown strongly in recent years. It will grow from $66.08 billion in 2023 to $70.5 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The food ingredients market size is expected to see strong growth in the next few years. It will grow to $91.11 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Rising Health Awareness And Growing Fitness Trends Drive The Food Ingredients Market
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. For instance, in June 2022, according to the reports shared by the Sports Business Journal, a US-based national weekly trade sports magazine, the total number of active sports and fitness participants in the US was 229.7 million in 2020, and it increased to 232.6 million by 2021, or 76.3%. Therefore, the increase in the awareness of fitness among people and the growing number of health-conscious consumers are expected to propel the growth of the food ingredients market.
Food Ingredients Market Embraces Technological Advancements For Next-Generation Solutions
The introduction of 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.
The food ingredients market covered in this report is segmented -
1) By Product Type: Starches, Vegetable Oils And Fats, Natural Sweeteners, Enzymes And Antioxidants, Natural Flavorings And Colors, Functional Ingredients, Other Product Types
2) By Function: Flavors And Color Additives, Preservatives, Fat Replacers, Sweeteners, Emulsifier, Stabilizers And Binders, Thickeners, Ph Control Agents, Nutrients, Other Functions
3) By Application: Pharmaceuticals, Food And Beverages, Animal Feed, Other Applications
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Major companies operating in the food ingredients market report are Cargill Incorporated, Archer Daniels Midland Company, Kerry Group, International Flavors & Fragrances, Ingredion Incorporated, Koninklijke DSM NV, Tate & Lyle PLC, Novozymes A/S, Symrise AG, Givaudan International S.A., Global Specialty Ingredients, Qingdao Haixingyuan Biotechnology Co. Ltd., Wilmar International, Musim Mas, Mewah International, The Nisshin Oillio Group, Miyoshi Oil & Fat Co Ltd, IOI Group, Fairchem, Australian Chemical Industries Int Co, Jayant Oils And Derivatives Ltd, Atlas Chemicals, Shanghai Yan'an Grease Chemical Co Ltd, Gysmecol (Guangzhou) Technology Co Ltd, Vita Manufacture, Townview Foods Ltd, Brett Beardsell Consulting, Quattro Foods, Harrogate Indian Supermarket, Rigest Trading Limited, Special Ingredients Ltd, Andrew Ingredients Ltd, Flytex Llc, Nhl Corporate Group, Foodmix Llc, Ochakovo Factory Of Food Ingredients Co. Ltd, Constanta Llc, Stevia First Corporation, Bunge Limited, First Choice Ingredients, Vogler Ingredients, Olam Agricola Ltda, ARSTE FI, Ars Technica, Afribon, AJWA Group Food Industries
Contents of the report:
1. Executive Summary
2. Food Ingredients Market Report Structure
3. Food Ingredients Market Trends And Strategies
4. Food Ingredients Market - Macro Economic Scenario
5. Food Ingredients Market Size And Growth
…..
27. 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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