Rise in demand for processed food and functional ingredients, increase in demand for food, beverages and nutraceuticals due to the growing population
PORTLAND, OR, US, December 8, 2023 /EINPresswire.com/ — Food Ingredients Market by Type (Flavors, Color Additives, Preservatives, Fat Replacers, Sweeteners, Stabilizers, Emulsifiers, and Binders, Thickeners, pH Control Agents, Nutrients, Others), by Application (Food and Beverages, Nutraceuticals, Animal Feed): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global food ingredients industry is estimated to generate $270.2 billion in 2021 and $475.4 billion by 2031, witnessing a CAGR of 5.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐅𝐨𝐫 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/11393
The market growth is propelled by several factors such as product innovations, a rise in the trend of healthy eating, economic growth, a rise in disposable income, and others. Consumer habits, tastes, and preferences are constantly evolving. This has led to innovation in the field of food ingredients market opportunity that drive market growth.
With the evolution of technology, industrial businesses are adopting new sources of emulsifiers to improve product quality, boost efficiency, and minimize processing time. For decades, emulsion technology has been used in the food industry to produce a wide range of products such as homogenized milk, creams, dips, dressings, sauces, desserts, and toppings.
Based on type, the sweeteners segment contributed to the largest share of more than two-fifths of the global food ingredients market in 2021, and is expected to lead the trail during the forecast period, owing to its wide variations, high market penetration and growing demand for low-calorie sweeteners. However, the preservatives segment is projected to witness the fastest CAGR of 9.4% from 2022 to 2031. This is owing to the increased usage of preservatives in manufacturing of food and beverage products to cater to the market demand.
𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/4d7a831f56d4c022665e6892c86cc81d
Certain portions of the population may benefit from fat replacers in particular ways. The most expected advantages are a lower overall fat intake and, as a result, a lower calorie intake from fat. It is unclear whether those who consume a lot of partially or completely no digestible fat replacements benefit from calorie reduction eventually or not. To maintain calorie consumption, many people decrease their total food intake. Fat replacer consumption might cause nutritional issues. Moreover, the availability of other nutrients may be reduced if fat replacements are partially or completely non-digestible. Similarly, fat replacers may impair normal gastrointestinal function or flora. Thus, the adverse effects of fat replacers restrict the food ingredients market growth.
Based on application, the food and beverages segment held the largest share of nearly three-fifths of the global food ingredients market in 2021, and is expected to maintain a prominent growth during the forecast period. This is due to the growing global population which is fueling the demand for food products, which in turn, is increasing the demand and sales of food ingredients. However, the animal feed segment is likely to exhibit the highest CAGR of 7.1% in 2031, owing to the increased demand from the animal feed industry for the production of feed binders and other products.
𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/11393
Based on region, Asia-Pacific was the largest market in 2021, accounting for nearly two-fifths of the global food ingredients market and is anticipated to manifest the largest revenue growth through 2031, due to the increasing growth of the food and beverages industry and rising demand for organic food ingredients in the developing countries in Asia-Pacific. However, the market in North America and grow at the fastest CAGR of 7.6% during the forecast period, owing to the growth of the population and the increasing demand for food ingredients to maintain the production of food, beverages, and nutraceuticals in the region.
Leading Key Players
Players operating in the global food ingredients market have adopted various developmental strategies to expand their food ingredients market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Ajinomoto, Inc., Archer Daniels Midland Company, Associated British Foods plc, Cargill, Incorporated, Celanese Corporation, DuPont de Nemours, Inc. (Danisco), Ingredion Incorporated (TIC Gums, Inc), Kerry Group, Roquette Freres, Südzucker Group (BENEO), Tate and Lyle PLC, Akzonobel N.V., BASF SE, Clariant AG, Evonik Industries AG, Koninklijke DSM N.V., Solvay SA, Kemin Industries, Inc., Chemelco International B.V., Givaudan International S.A. (Naturex S.A.), Palsgaard A/S, Univar, Inc., Corbion NV, Huber Corporation(CP Kelco U.S., Inc.), Kao Corporation, Nexira SAS, Jungbunzlauer Holding AG, Ashland Global Holdings Inc., Fuerst Day Lawson Limited, ATP Group, Novozymes, Aromata Group S.r.L (Fiorio Colori S.p.A), Kalsec, Inc., Glanbia PLC (Ireland), and Mead Johnson & Company, LLC.
𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/11393
Key findings of the study
On the basis of type, the sweetener segment is projected to witness a CAGR of 5.2%, in terms of revenue, during the food ingredients market forecast period.
According to the food ingredients market analysis, on the basis of application, the food & beverages segment is expected to dominate the food ingredients industry from 2022 to 2031.
According to the food ingredients market trends, on the basis of the country in North America, the U.S. was the largest market for food ingredients in 2021, in terms of revenue generation.
On the basis of region, North America is anticipated to witness the highest growth rate, registering a CAGR of 7.6% from 2022 to 2031.
𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
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