Study of the effect of exogenous and endogenous factors that affect the North America Clean Label Ingredients market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
According to the report “North America Clean Label Ingredients Market by Form (Dry, Liquid), by Type (Natural Colors, Starch & Sweeteners, Natural Flavors, Fruit & Vegetable Ingredients, Flours, Others), by Application (Beverages, Bakery, Dairy, Frozen Products, Processed Foods, Others), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the North America Clean Label Ingredients Market is expected to reach USD 11.39 billion by 2021 from USD 8.35 billion in 2016, growing at a CAGR of 6.42%.
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The Clean Label Ingredients market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the increasing development of natural ingredients and additives with a variety of benefits.
Clean label ingredients are a class of food additives and ingredients which include products like sweeteners, colors, flavors.These ingredients have specific properties which classify them under clean label, which are primary and secondary.
Primary properties include fewer product ingredients without any chemical name or easily understandable, no artificial additives. Secondary factors are natural, organic and non-GMOs.
Rising awareness among people about health issues related to use of the artificial food additives as well as food safety incidents has resulted in a sudden growth in the market of clean label ingredients. Also, increase in consumer demand for these products has been driving the consumption of the clean label ingredients and thus, need for clean label product launches.
The company has been facing few challenges as well as restraints. These include, high cost of ingredient leading to costly products and therefore low consumption, limitations of clean label ingredients compared to artificial ones.
The North America Clean Label Ingredients market is segmented by form, type and application. Based on form, the segments are dry and liquid.
The market segmentation based on type is done into Natural Colors, Starch & Sweeteners, Natural Flavors, Fruit & Vegetable Ingredients, Flours, Others. Based on segmentation by application the market is categorized into Beverages, Bakery, Dairy, Frozen Products, Processed Foods, Others.
On the basis of geography, the North America market is analysed under various regions namely United States and Canada.
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Some of the major companies in the current market are:
- Archer Daniels Midland Company
- Koninklijke DSM N.V.
- Kerry Group PLC
- E.I. Dupont De Nemours and Company
- Ingredion Incorporated
- Sensient Technologies Corporation
- Tate & Lyle PLC
- Corbion N.V.
- Chr. Hansen A/S
- Groupe Limagrain
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