Market Size – USD 36.29 billion in 2019, Market Growth – CAGR of 7.8%, Market Trends – A boom in the global population, expanding workforces, and the rising demand for packaged food products
The global food ingredients market is expected to be valued at USD 68.03 billion in 2027 from USD 36.29 billion in 2019, registering a CAGR of 7.8% through the forecast period. Food ingredients, also known as food additives, are substances added to food to enhance its flavor and make it nutritious and tasteful. These ingredients are added to food products during food processing for specific nutritional and functional purposes. Food ingredients improve food safety and preserve food quality throughout the packaging, storage, and transportation processes. Moreover, they maintain the freshness of food, preventing spoilage and extending its shelf-life. These substances are widely used in bakery products, confectionery, sauces & condiments, beverages, frozen & processed foods, dairy products, and savory snacks. Some of the commonly used food ingredients include preservatives, color additives, flavor enhancers, sweeteners, spices, emulsifiers, thickeners, stabilizers, fat replacers, and enzymes. The food ingredients industry has to comply with the norms and standards set by the leading regulatory bodies, including the Food and Drug Administration (FDA), World Health Organization (WHO), and National Food Safety and Quality Service (SENASA).
The global food ingredients market is expected to account for a substantially high revenue over the forecast timeline. Fast-paced urbanization, the booming food & beverage industry, the surging demand for processed and packaged food products, and the rising number of working women are the primary factors bolstering the global market growth. The worldwide export & import of food products, rising need for preserving food quality, growing demand for savory snacks and ready-to-eat foods, and the increasing disposable incomes of consumers are the other factors that are indispensable to market growth. Furthermore, specialty food ingredients, such as probiotics, prebiotics, stanols, and sterols, are added to specific food items to enhance their nutritional value, making them highly functional and nutritious. Hence, the growing awareness about functional foods’ benefits and their considerable demand among fitness-oriented consumers further bolster the market growth.
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Key findings of the report:
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For the purpose of this report, the global food ingredients market has been segmented on the basis of type, application, and region:
By Type (Kilo Tons and Revenue, USD Million; 2017-2027)
By Application (Kilo Tons and Revenue, USD Million; 2017-2027)
By Region (Kilo Tons and Revenue, USD Million; 2017-2027)
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Table Of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2026 Chapter 3. Indicative Metrics 3.1. Macro Indicators 3.1.1. Global usage of Food Ingredients 3.1.2. Global Food Ingredients usage by Application Type Chapter 4. Food Ingredients Market Segmentation & Impact Analysis 4.1. Food Ingredients Segmentation Analysis 4.2. Industrial Outlook 4.3. Regulatory Framework 4.4. Food Ingredients Market Impact Analysis 4.4.1. Market driver analysis 4.4.1.1. Organized retail penetration 4.4.1.2. Complexity in the food supply chain 4.4.2. Market restraint analysis 4.4.2.1. Consumers require natural additives
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