The global bulk food ingredients market was valued at USD 369.51 Billion in 2015. It is projected to reach USD 472.10 Billion by 2021, at a CAGR of 4.2% from 2016 to 2021. The market is driven by factors such as increased demand for snacks & spreads, ready meals, and infant formulas due to changing consumer preferences.
Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for these ingredients. The high growth potential in emerging markets and unexplored regions provide new growth opportunities for market players.
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The report "Bulk Food Ingredients Market Primary Processed by Type, Secondary Processed by Type, by Application (Food (Bakery, Confectionery, Snacks & Spreads, Ready Meals), & Beverages (Alcoholic & Non-Alcoholic)), and by Region - Global Trends and Forecast to 2021", The global bulk food ingredients market was valued at USD 369.51 Billion in 2015. It is projected to reach USD 472.10 Billion by 2021, at a CAGR of 4.2% from 2016 to 2021.
Browse 173 market data Tables and 88 Figures spread through 242 Pages and in-depth TOC on "Bulk Food Ingredients Market Primary Processed by Type, Secondary Processed by Type, by Application (Food (Bakery, Confectionery, Snacks & Spreads, Ready Meals), & Beverages (Alcoholic & Non-Alcoholic)), and by Region - Global Trends and Forecast to 2021"
Factors such as the increasing demand for packaged or convenience food & beverage products and processed food products owing to changing consumer lifestyles, are expected to increase the demand for bulk food ingredients globally.
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Rising health awareness to drive the processed herbs & spices segment
The processed herbs & spices segment is projected to grow at the highest rate during the forecast period. Furthermore, increasing health-consciousness among consumers has led to an increased demand for health and wellness products, which is expected to fuel the demand for processed herbs & spices owing to the multiple health benefits associated with them.
Changing lifestyles to increase the demand for ready meals and non-alcoholic beverage products
On the basis of food application, the ready meals segment is projected to grow at the highest rate; whereas on the basis of beverages application, the non-alcoholic beverages segment is projected to grow at the highest rate. Changing dietary habits due to factors such as changing consumer lifestyles, increasing disposable incomes, and the rising number of working women has led to an increased demand for packaged or ready-to-eat food items.
Furthermore, rapidly growing café chains has resulted in increased demand for non-alcoholic beverages.
Untapped market potential for key players in the Asia-Pacific region
The demand for bulk food ingredients is expected to increase in the Asia-Pacific region owing to factors such as rising disposable incomes and urbanization in countries such as China, India, and Australia-New Zealand. Furthermore, the rising consumer awareness about the benefits of clean/natural label products in Asian countries is expected to offer growth opportunities to food & beverage manufacturers.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such E.I.
du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), Tate & Lyle PLC (U.K.), Olam International (Singapore), Cargill Incorporated (U.S.), Ingredion Incorporated (U.S.), Associated British Foods plc (U.K.), EHL Ingredients (U.K.), DMH Ingredients (U.S.), and Community Foods Limited (U.K.).
In terms of insights, this research report has focused on various levels of analysis industry analysis, competition analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global bulk food ingredients market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
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