Food Ingredients Market Size Worth USD 84.97 Billion By 2027 | CAGR of 10.6%: Emergen Research

VANCOUVER, BC, Oct. 14, 2020 /PRNewswire/ -- The Global Food Ingredients Market is forecast to be worth USD 84.97 billion by 2027, according to a new report by Emergen Research. The key factors influencing the market include higher demand for natural food ingredients, the increasing adoption of convenience foods, and a tremendous surge in demand for ready-to-eat food products.

Rising consumer preference for higher nutritious value, increasing requirement for cold-storage foods, the proliferation of ready-made packaged & ready-to-serve foods, foods with lower calorific values & dietary foods, and cheaper alternatives of premium edibles are other market driving factors. Food Flavors and Enhancers have witnessed significant research & development undertaken by flavor manufacturers, and a higher preference has been attributed to natural extracts and fruit flavoring agents.

The global food ingredients market is expected to remain a competitive and fragmented landscape consisting of a number of both small start-ups and medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in product offerings create enormous growth potential for innovative players.

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Further key findings from the report suggest

• In June 2020, Ingredion Incorporated launched a new dietary fiber in the United States named Novelose 3490. The fiber was originally launched in the Asia Pacific region and enabled food manufacturers to develop high-fiber bakery & snack products to accommodate consumer demand for digestive wellness.
• A higher penetration in the online business channels or e-commerce chains for the food ingredients owing to the reduced price offering and availability of newer product line-ups & bulk products from a higher number of sellers are boosting the growth of the market.
• The developing regions in the Asia Pacific are experiencing a rapid development in the food flavoring, emulsifying, and preserving research & development, increasing usage of the food ingredients, and substantial economic development, along with a mentionable shift in consumer preferences in the food & beverage sector are expected to propel market growth.
• Key players in the market include Cargill Inc., Kerry Group, Archer Daniels Midland, Corbion Purac, Riken Vitamin, Hermes Sweeteners Ltd, Stevia First Corporation, Tate & Lyle Plc, Palsgaard, and Dupont- Danisco, among others.

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For the purpose of this report, Emergen Research has segmented the Global Food Ingredients Market on the basis of Type, Application, Sales Channel, and Region:

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

• Preservatives
  1.  Natural Antioxidants
  2.  Sorbates
  3.  Benzonates
  4.  Others
• Sweeteners
  1. Bulk Sweeteners
     - Lactose
     - Fructose
     - High Fructose
     - Sucrose 
     - Others
  2. Sugar Substitutes
     - Sucralose
     - Xylitol
     - Stevia
     - Aspartame
     - Saccharine
     - Others
• Emulsifiers
  1. Mono-Di-Glycerides
  2. Lecithin
  3.  Sorbitan Esters
  4.  Others
• Anti-Caking
  1.  Calcium compounds
  2.  Sodium compounds
  3.  Silicon Dioxide
  4.  Others
• Enzymes
  1.  Carbohydrases
  2.  Protease
  3.  Lipase
  4.  Others
• Hydrocolloids
  1.  Starch
  2.  Gelatin Gum
  3.  Xanthan Gum
  4.  Others
• Food Flavors and Enhancers
  1.  Natural Extracts
  2.  Fruit flavors
  3.  Monosodium Glutamate
  4.  Others
• Food Colorants
  1.  Synthetic Food
  2. Natural Food
  3.  Others
• Acidulants
  1.  Citric Acid
  2.  Phosphoric Acid
  3.  Lactic Acid
  4.  Others

Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

• Bakery
• Beverages
• Meat and Meat Products
• Dairy Products
• Vegan Foods
• Others

Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

• Online
• Offline

Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

• North America
  1.  U.S.
  2.  Canada
• Europe
  1.  U.K.
  2.  Germany
  3.  France
  4.  Benelux
• Asia Pacific
  1.  China
  2.  Japan
  3.  South Korea
  4.  Rest of APAC
• Latin America
  1.  Brazil
  2.  Rest of LATAM
• Middle East & Africa
  1.  Saudi Arabia
  2.  UAE
  3.  Rest of MEA

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SOURCE Emergen Research