Bulk Food Ingredients Market

Bulk Food Ingredients Market by Primary Processed Type, Secondary Processed Type, Application (Food, Beverage), Distribution Channel (Direct from Manufacturers, Distributors), and Region - Global Forecast to 2028

Report Code: FB 4299 Jun, 2023, by marketsandmarkets.com

The global bulk food ingredients market is projected to reach USD 454.6 billion by 2028 from USD 366.7 billion by 2023, at a CAGR of 4.4% during the forecast period in terms of value. The need for packaged ready-to-eat meals like confectionary, biscuits, beverages, and chocolates is one lifestyle element that drives the market for bulk ingredients. The market has been helped by the expansion of food service retail chains and the rise in the number of restaurants and cafés. These businesses buy a substantial amount of food ingredients from wholesalers, including grains, spices, and herbs. The market for bulk food ingredients is expanding due to a variety of factors, including changing lifestyles, the embrace of Western culture, and an expanding labour force. In addition, the preference for tea and coffee over carbonated beverages is anticipated to fuel market expansion. Market participants are releasing several kinds of herbal and ayurvedic teas that are also healthy, raising demand for them in many regions of the world.

Bulk Food Ingredients Market Overview

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Bulk Food Ingredients Market Opportunities

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Bulk food Ingredients Market Dynamics

DRIVER : Rise in end-use applications

The demand for products that are rich in nutrients is significantly high in Europe and North America due to the increase in consumer awareness. The consumption of products with an extensive nutritional profile would continue to increase as parents prefer opting for food products—such as grains, oilseeds, and nuts, that are estimated to account for a key share in the bulk ingredients market. These products offer nutrition for healthy child development. End-use applications such as bakery & confectionery, snacks & spreads, ready meals, infant formulas, and dairy products are projected to witness significant growth in the next five years, resulting in increased demand for bulk food ingredients.

Food products are processed for various purposes, including the preparation of safer food products by eliminating harmful microorganisms such as bacteria, enhancing the shelf life of products, and increasing convenience. These bulk food ingredients are available in different end user application industries after being processed. Bulk food ingredients account for a major part of the raw materials required by the food processing industry. Hence, the increase in demand for packaged/processed food products is projected to drive the growth of the bulk food ingredients market.

Restraint: Improper storage management and infrastructure

The challenges faced by the bulk food ingredients processors/wholesalers require them to maximize the available space, manage different storage temperatures, and respond to a high turnover of stock while maintaining hygiene levels and product traceability. The Food and Agricultural Organization (FAO) reported that nearly one-third of all produced foods (1.6 billion tons of edible food) is lost every year across the supply chain, the monetary value of which is nearly USD 936 billion. In developing countries, food products are lost mainly in post-harvest and processing, i.e., by poor practices, technical and technological limitations, labor and financial restrictions, and the lack of proper infrastructure for transportation and storage. The amount of Food Waste in industrialized countries is nearly 222 million tons, which is nearly equal to the total net production in Sub-Saharan African (SSA) countries (230 million tons). In addition, when waste food is thrown into landfills, a substantial portion is converted into greenhouse gas and methane, which has a global warming potential of 25 times higher than carbon dioxide.

A study by the National Academy of Agricultural Sciences (NAAS) highlights that the lack of access to a storage facility is the most important cause of post-harvest losses for all types of food products in India. India loses nearly 10% of its grain and oilseeds annually. Harvest to household losses may actually be more than what a country such as Australia exports. The major reason for these losses is inappropriate storage management. Hence, the loss of food ingredients due to improper storage management and infrastructure can be a major restraining factor for the growth of the bulk food ingredients market.

Opportunity: Rise in demand for natural or clean label products

Healthy, and ‘clean’ food products with fewer additives. Unlike organic, however, the term ‘natural’ remains undefined by legislators. Consumers are opting for cleaner products that contain an absolute minimum of synthetic or chemical additives.

According to the survey conducted by Consumer Reports National Research Center in 2013, two-thirds of the US consumers prefer locally grown products, whereas more than 60% of the population opt for ‘clean’ or ‘natural’ labeled products. As a result of the increase in demand for organic products in the North American and European region, as well as the other parts of the world, there is a significant growth in demand for bulk food ingredients products.

Clean-label products are organic, natural, non-GMO, and minimally processed consumer-friendly products. According to the Clean Label Alliance, it is witnessed that nearly 75% of consumers are willing to pay high prices for clean-label products. The increase in health awareness among consumers is projected to drive the demand for natural and clean-label products, which, in turn, would drive the demand for bulk food ingredients. Consumers are becoming inclined toward clean-label products, as they are becoming more aware of the non-synthetic ingredients and their negative effects. This is projected to encourage the adoption of products and diets with clean-label ingredients.

Clean label is one of the most important features of packaged foods. Consumer awareness is strengthening the clean label trend, which, in turn, encourages them to adopt plant-based and natural diets that support the growth of the bulk ingredients market. Retailers are also catering to the growing demands for clean-label products among consumers by offering their private label brands. The recent outbreak of COVID-19 has led consumers to buy more clean label products due to their safe consumption and health benefits. This is projected to drive the growth of the bulk food ingredients market.

The below figure indicates consumer preference for clean label products in the US and suggests that the demand for clean label products in the US is increasing.

Challenge: Unstable agricultural supply results in price volatility

Price fluctuations are a common feature of well-functioning agricultural product markets. Measures such as import duties, export taxes, non-tariff barriers, or domestic policies, such as price support, influence the price changes in domestic markets. According to FAO, the global markets have witnessed a series of dramatic fluctuations in commodity prices. Since 2000, prices have deviated from their long-term negative growth trend and have become increasingly volatile. In addition, prices have witnessed an increase between late 2006 and mid-2008 to their highest level in thirty years and have decreased sharply through 2009. In late 2010 and early 2011, the prices regained their peak. Currently, food prices are projected to remain high and volatile in the market.

Price is one of the major restraining factors in the bulk food ingredients market. There are various fluctuations in raw material prices, such as the prices of starch and sugar for sweetener ingredients. According to a report published by the FAO, in 2018, the starch price was quoted at nearly USD 507/ton, which is 44% higher than in October 2017. In addition, the quotations have exhibited considerable volatility throughout 2018. The price of sugar across the world keeps on fluctuating. According to FAO, the sugar price index has increased by 5.5% from December 2019 to January 2020, making the fourth consecutive monthly increase. The latest increase was encouraged by a 17% drop in India’s sugar output and a 66% production fall in Brazil, which is one of the largest sugar-producing countries, and a 25% contraction in Mexico’s harvest. Export nut prices witnessed a decrease of 20.5% from December 2019 to June 2020. This decline has resulted from a loss in demand from Asia due to the restaurant closures and a decrease in purchases of some nuts (perceived luxury foods). In addition, a low export record of the almond crop in California supported the drop in prices.

Bulk Food Ingredients Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of bulk food ingredients. These companies have been operating in the market for several years and possess a diversified service portfolio, state-of-the-art laboratory & technologies, and strong global sales and marketing networks. Prominent companies in this market include Archer Daniels Midland Company (US), International Flavours & Fragrances Inc. (US), Olam Group (Singapore), Cargill, Incorporated (US), Ingredion  (US), Associated British Foods plc (UK), Tate & Lyle PLC (UK), EHL Ingredients (UK), Batory Foods (US), Graincorp (Australia), Community Foods (UK), McCormick & Company, Inc. (US), The Source Bulk Foods (Australia), Essex Food Ingredients (US), and Subnutra (India).

Bulk Food Ingredients Market

By primary processed type, herbs & spices segment is projected to have the fastest growing rate during the forecast period.

There is an increasing global demand for natural and organic ingredients, driven by the growing consumer preference for clean label products. Herbs and spices are natural flavor enhancers that provide unique tastes, aromas, and health benefits. They are widely used in various cuisines and food applications, including processed and packaged foods, beverages, sauces, and seasonings. Herbs and spices offer a wide range of flavors and can provide differentiation to food products, allowing manufacturers to create unique and appealing taste profiles. With consumers seeking diverse and exciting flavor experiences, the demand for a variety of herbs and spices is on the rise.

By application, beverage segment is projected to have fastest growing rate during the forecast period.

There is a growing global demand for a wide variety of beverages, including carbonated drinks, juices, sports drinks, ready-to-drink teas and coffees, functional beverages, and alcoholic beverages. As consumers seek convenience and new taste experiences, the beverage industry is constantly innovating to meet these demands. Consumers are increasingly conscious of their health and wellness, driving the demand for healthier beverage options. This includes beverages with natural ingredients, reduced sugar content, functional additives, and botanical extracts. Bulk food ingredients such as natural sweeteners, fruit extracts, natural flavors, and plant-based ingredients are essential in developing healthier and more appealing beverage products.

Asia Pacific is expected to have the fastest growing rate during the forecast period.

The Asia Pacific region has a large and rapidly growing population. The rising population leads to increased food consumption and drives the demand for bulk food ingredients to meet the growing production needs. As more people enter the middle class and experience higher disposable incomes, there is an increased demand for processed and convenience foods, further boosting the need for bulk ingredients. There is a shift in dietary patterns in the region. Urbanization, changing lifestyles, and Western influences have led to a higher consumption of processed and packaged foods. This trend increases the demand for bulk food ingredients as manufacturers require large quantities of ingredients to meet the growing demand for these convenience products. The region is witnessing rising consumer awareness of health and wellness, leading to a growing demand for natural and organic food products. Bulk food ingredients such as herbs, spices, natural sweeteners, and functional additives align with this consumer preference for clean label and healthier options.

Bulk Food Ingredients Market Regional Analysis

Key Players in Bulk food Ingredients Industry

The key players in this include Archer Daniels Midland Company (US), International Flavours & Fragrances Inc. (US), Olam Group (Singapore), Cargill, Incorporated (US), Ingredion  (US), Associated British Foods plc (UK), Tate & Lyle PLC (UK), EHL Ingredients (UK), Batory Foods (US), Graincorp (Australia), Community Foods (UK), McCormick & Company, Inc. (US), The Source Bulk Foods (Australia), Essex Food Ingredients (US), and Subnutra (India). These companies have been focusing on expanding their market presence, enhancing their solutions, and partnering with many channel partners and technology companies to cater to consumers across the globe. The deep roots of these players in the market and their robust offerings are among the major factors that have helped them achieve major sales and revenues in the global bulk food ingredients market.

Bulk food Ingredients Market Report Scope

Report Metric

Details

Market size value in 2023

US $366.7 billion

Revenue forecast in 2028

US $454.6 billion

Progress Rate

CAGR of 4.4% 

Base year

2022

Forecast period

2023–2028

Units considered

Value (USD)

Segments covered

By Primary Processed Type, By Secondary Processed Type, By Distribution Channel, By Application, and By Region

Regions covered

North America, Europe, Asia Pacific, and RoW

Companies studied

  • Archer Daniels Midland Company (US)
  • International Flavours & Fragrances Inc. (US)
  • Olam Group (Singapore)
  • Cargill, Incorporated (US)
  • Ingredion (US)
  • Associated British Foods plc (UK)
  • Tate & Lyle PLC (UK)
  • EHL Ingredients (UK)
  • Batory Foods (US)
  • Graincorp (Australia)

Bulk food Ingredients Market Highlights

Market By Primary Processed Type
  • Nuts
  • Oilseeds
  • Grains, pulses, and cereals
  • Herbs & spices
  • Sugar
  • Tea, coffee, and cocoa
  • Salt
  • Other types (dried vegetables and citric acid)
Market By Secondary Processed Type
  • Dry fruits & processed nuts
  • Vegetable oil
  • Processed herbs & spices
  • Processed grains, pulses, and cereals
  • Sugar & sweeteners
  • Tea, coffee, and cocoa
  • Flours
  • Sea salt
  • Other types (dried vegetables and citric acid)
Market By Distribution Channel
  • Direct from manufacturers
  • Distributors
Market By Application
  • Food products
    • Bakery products
    • Confectionery products
    • Snacks & spreads
    • Ready meals
    • Other food applications
    • (infant formula and dairy products)
  • Beverages
    • Alcoholic beverages
    • Non-alcoholic beverages
    • Hot beverages
    • Cold beverages
Market By Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World

Recent Developments

  • In January 2023, Cargill, Incorporated announced the completion of its acquisition of Owensboro Grain Company, a soybean processing facility and refinery located in Owensboro, Ky. Cargill's acquisition of Owensboro Grain Company will strengthen its efforts to build capacity across its North American oilseeds network to meet the rising demand for oilseeds in the food, feed, and renewable fuel industries.
  • In October 2022, International Flavors & Fragrances Inc. opened its innovation center worth USD 30 million in Singapore, to innovate and launch products and technologies in all its businesses. This will help the company come up with innovative products in various categories such as sweeteners.
  • In July 2022, Olam Group acquired Club Coffee L.P., which is one of Canada’s largest coffee roasters and packaging solutions providers. This will help the company grow its coffee business in Canada, strengthen its coffee business, and meet the growing demand for coffee.
  • In June 2022, ADM (US) partnered with Bayer AG (Germany) to build and implement a sustainable crop protection model for soybean farmers in Maharashtra, India. During this partnership, Bayer will provide regular training to ADM cluster agronomist team in Soybean markets and Bayer will also develop a crop protection package for all crops of soybean and pulses.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 47)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           FIGURE 1 MARKET SEGMENTATION
           1.3.1 INCLUSIONS AND EXCLUSIONS
    1.4 REGIONS COVERED 
    1.5 YEARS CONSIDERED 
    1.6 UNITS CONSIDERED 
           1.6.1 CURRENCY
                    TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022
           1.6.2 VOLUME
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 53)
    2.1 RESEARCH DATA 
           FIGURE 2 BULK FOOD INGREDIENTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key primary insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON TYPE, BY REGION)
           2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET)
    2.3 DATA TRIANGULATION 
           FIGURE 3 DATA TRIANGULATION METHODOLOGY
    2.4 STUDY ASSUMPTIONS 
    2.5 STUDY LIMITATIONS AND RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 63)
    TABLE 2 PRIMARY PROCESSED MARKET SNAPSHOT, 2023 VS. 2028 
    TABLE 3 SECONDARY PROCESSED MARKET SNAPSHOT, 2023 VS. 2028 
    FIGURE 4 PRIMARY PROCESSED MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 
    FIGURE 5 SECONDARY PROCESSED MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 
    FIGURE 6 PRIMARY PROCESSED MARKET, BY DISTRIBUTION CHANNEL, 2023 VS. 2028 (USD BILLION) 
    FIGURE 7 SECONDARY PROCESSED MARKET, BY DISTRIBUTION CHANNEL, 2023 VS. 2028 (USD BILLION) 
    FIGURE 8 SECONDARY PROCESSED MARKET, BY APPLICATION, 2023 VS. 2028 (USD BILLION) 
    FIGURE 9 MARKET (VALUE), BY REGION, 2022 
 
4 PREMIUM INSIGHTS (Page No. - 71)
    4.1 OPPORTUNITIES IN MARKET 
           FIGURE 10 RISING CONSUMPTION OF READY-TO-EAT FOOD & BEVERAGE PRODUCTS TO DRIVE DEMAND FOR BULK FOOD INGREDIENTS
    4.2 ASIA PACIFIC: PRIMARY PROCESSED MARKET, BY TYPE AND COUNTRY (2022) 
           FIGURE 11 GRAINS, PULSES, AND CEREALS SEGMENT TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC
    4.3 SECONDARY PROCESSED MARKET, BY TYPE 
           FIGURE 12 PROCESSED GRAINS, PULSES, AND CEREALS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.4 PRIMARY PROCESSED MARKET, BY TYPE 
           FIGURE 13 GRAINS, PULSES, AND CEREALS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.5 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL 
           FIGURE 14 DIRECT FROM MANUFACTURERS TO DOMINATE MARKET DURING FORECAST PERIOD
    4.6 SECONDARY PROCESSED MARKET, BY APPLICATION 
           FIGURE 15 FOOD SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 75)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATORS 
           5.2.1 GROWING DEMAND FOR FORTIFIED FOOD OWING TO RISING HEALTH AWARENESS
                    FIGURE 16 AUSTRALIA: RETAIL SALES OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS, 2018–2022 (USD MILLION)
                    FIGURE 17 NUMBER OF COUNTRIES MANDATING FOOD FORTIFICATION, 2011–2019
           5.2.2 CONSUMER AWARENESS OF MICRONUTRIENT DEFICIENCIES
                    FIGURE 18 PREVALENCE OF MALNUTRITION IN CHILDREN ACROSS MAJOR ECONOMIES, 2019
    5.3 MARKET DYNAMICS 
           FIGURE 19 RAPID DEVELOPMENT IN PACKAGED FOOD INDUSTRY TO DRIVE GLOBAL MARKET GROWTH
           5.3.1 DRIVERS
                    5.3.1.1 Rapid growth in packaged food & beverage industry
                               FIGURE 20 CONSUMPTION TREND OF ALCOHOLIC BEVERAGES, 2018–2020 (LITER PER CAPITA)
                    5.3.1.2 Rise in end-use applications
                               FIGURE 21 NORTH AMERICA: PROCESSED FOOD CONSUMPTION SHARE IN DIETS, 2019
                               FIGURE 22 FOOD PROCESSING INDUSTRY SALES, 2009–2019
                    5.3.1.3 Environmental and economic benefits
           5.3.2 RESTRAINTS
                    5.3.2.1 Improper storage management and infrastructure
                               FIGURE 23 FOOD LOSS AND WASTAGE IN DIFFERENT STAGES OF SUPPLY CHAIN, 2019
                    5.3.2.2 Bulk food ingredients are prone to contamination
                               FIGURE 24 DIFFERENT CAUSES OF FOOD SAFETY ISSUES IN DEVELOPED AND DEVELOPING COUNTRIES, 2020
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Rise in demand for natural or clean label products
                               FIGURE 25 US: CONSUMER PREFERENCE FOR CLEAN-LABEL PRODUCTS AND INGREDIENTS, 2020
                    5.3.3.2 Untapped markets in emerging economies
           5.3.4 CHALLENGES
                    5.3.4.1 Unstable agricultural supply resulting in price volatility
                               FIGURE 26 FAO FOOD PRICE INDEX, 2020–2022
                    5.3.4.2 Lack of consistency in regulations pertaining to various ingredients
 
6 INDUSTRY TRENDS (Page No. - 88)
    6.1 INTRODUCTION 
    6.2 SUPPLY CHAIN ANALYSIS 
           FIGURE 27 BULK FOOD INGREDIENTS MARKET: SUPPLY CHAIN ANALYSIS
           6.2.1 RESEARCH & PRODUCT DEVELOPMENT
           6.2.2 DISTRIBUTION
           6.2.3 END USERS
    6.3 ECOSYSTEM 
           FIGURE 28 BULK FOOD INGREDIENTS: MARKET MAP
           TABLE 4  MARKET: ECOSYSTEM
    6.4 VALUE CHAIN ANALYSIS 
           FIGURE 29 VALUE CHAIN ANALYSIS: BULK FOOD INGREDIENTS
           6.4.1 RESEARCH & PRODUCT DEVELOPMENT
           6.4.2 SOURCING
           6.4.3 PRODUCTION & PROCESSING
           6.4.4 DISTRIBUTION, SALES & MARKETING
    6.5 TECHNOLOGY ANALYSIS 
           6.5.1 BULK FOOD INGREDIENTS AND SENSORS
           6.5.2 BULK FOOD INGREDIENTS AND ARTIFICIAL INTELLIGENCE (AI)
    6.6 AVERAGE SELLING PRICE TREND 
           FIGURE 30 PRIMARY PROCESSED MARKET: PRICING ANALYSIS, BY TYPE, 2014–2020 (USD/KT)
           FIGURE 31 SECONDARY PROCESSED MARKET: PRICING ANALYSIS, BY TYPE, 2014–2020 (USD/KT)
    6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 
           FIGURE 32 YC-YCC: REVENUE SHIFT FOR MARKET
    6.8 PORTER’S FIVE FORCES ANALYSIS 
           6.8.1 MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.8.2 INTENSITY OF COMPETITIVE RIVALRY
           6.8.3 BARGAINING POWER OF SUPPLIERS
           6.8.4 BARGAINING POWER OF BUYERS
           6.8.5 THREAT OF NEW ENTRANTS
           6.8.6 THREAT OF SUBSTITUTES
    6.9 PATENT ANALYSIS 
           6.9.1 INTRODUCTION
    6.10 PATENT ANALYSIS 
           FIGURE 33 LIST OF TOP PATENTS IN MARKET FOR TEN YEARS
           TABLE 5 KEY PATENTS PERTAINING TO BULK FOOD INGREDIENTS, 2020–2021
    6.11 KEY CONFERENCES & EVENTS IN 2023–2024 
    6.12 TRADE ANALYSIS 
                    FIGURE 34 KEY IMPORTERS & EXPORTERS OF WHEAT, 2020
                    FIGURE 35 KEY IMPORTERS & EXPORTERS OF CORN, 2020
                    FIGURE 36 KEY IMPORTERS & EXPORTERS OF RICE, 2020
                    FIGURE 37 KEY IMPORTERS & EXPORTERS OF SORGHUM, 2020
                    FIGURE 38 KEY IMPORTERS & EXPORTERS OF NUTS, 2020
                    FIGURE 39 KEY IMPORTERS & EXPORTERS OF SUGAR, 2020
    6.13 CASE STUDIES 
                    TABLE 6 ALLERGEN SENSORS FOR CONSUMERS
                    TABLE 7 SENSORY EXPERIENCE TO REMAIN KEY PRIORITY FOR CONSUMERS
    6.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 40 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR BULK FOOD INGREDIENT APPLICATIONS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR BULK FOOD INGREDIENT APPLICATIONS
                    FIGURE 41 KEY BUYING CRITERIA FOR TOP APPLICATIONS
 
7 REGULATORY FRAMEWORK (Page No. - 107)
    7.1 INTRODUCTION 
    7.2 NORTH AMERICA 
           7.2.1 US
           7.2.2 CANADA
    7.3 EUROPE 
    7.4 ASIA PACIFIC 
           7.4.1 CHINA
           7.4.2 INDIA
           7.4.3 JAPAN
    7.5 SOUTH AMERICA 
           7.5.1 BRAZIL
 
8 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE (Page No. - 112)
    8.1 INTRODUCTION 
           FIGURE 42 PRIMARY PROCESSED MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION)
           TABLE 9 PRIMARY PROCESSED MARKET SIZE, BY TYPE, 2019–2022 (USD BILLION)
           TABLE 10 PRIMARY PROCESSED MARKET SIZE, BY TYPE, 2023–2028 (USD BILLION)
    8.2 GRAINS, PULSES, AND CEREALS 
           8.2.1 POPULATION GROWTH AND CHANGE IN DIETS TO LEAD TO INCREASE IN DEMAND FOR GRAINS, PULSES, AND CEREALS
                    TABLE 11 GRAINS, PULSES, AND CEREALS: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 12 GRAINS, PULSES, AND CEREALS: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.3 TEA, COFFEE, AND COCOA 
           8.3.1 PREFERENCE FOR HERBAL & GREEN TEA AND COFFEE TO DRIVE SEGMENT
                    TABLE 13 TEA, COFFEE, AND COCOA: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 14 TEA, COFFEE, AND COCOA: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.4 NUTS 
           8.4.1 DIABETIC-FRIENDLY ATTRIBUTES OF ALMONDS TO LEAD TO SEGMENT’S GROWTH
                    TABLE 15 NUTS: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 16 NUTS: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.5 HERBS & SPICES 
           8.5.1 GLOBALIZATION AND EXPOSURE TO CULINARY TRADITIONS TO LEAD TO INCREASED DEMAND FOR HERBS & SPICES
                    TABLE 17 HERBS & SPICES: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 18 HERBS & SPICES: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.6 OILSEEDS 
           8.6.1 GROWING POPULARITY OF PLANT-BASED DIETS AND INCREASING DEMAND FOR ALTERNATIVE PROTEIN SOURCES TO DRIVE GROWTH
                    TABLE 19 OILSEEDS: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 20 OILSEEDS: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.7 SUGAR 
           8.7.1 USAGE OF SUGAR AS PRESERVATIVE TO DRIVE DEMAND IN MARKET
                    TABLE 21 SUGAR: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 22 SUGAR: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.8 SALT 
           8.8.1 ANTI-INFLAMMATORY PROPERTIES OF SEA SALT AND APPLICATION IN COSMETIC PRODUCTS TO DRIVE DEMAND
                    TABLE 23 SALT: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 24 SALT: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.9 OTHER TYPES 
           8.9.1 ALIGNMENT OF DRIED VEGETABLES AND CITRIC ACID WITH PREFERENCES FROM HEALTH-CONSCIOUS CONSUMERS TO DRIVE DEMAND FOR OTHER TYPES
                    TABLE 25 OTHER TYPES: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 26 OTHER TYPES: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
 
9 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE (Page No. - 124)
    9.1 INTRODUCTION 
           FIGURE 43 SECONDARY PROCESSED MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION)
           TABLE 27 SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD BILLION)
           TABLE 28 SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD BILLION)
           TABLE 29 SECONDARY PROCESSED MARKET SIZE, BY TYPE, 2019–2022 (KT)
           TABLE 30 SECONDARY PROCESSED MARKET SIZE, BY TYPE, 2023–2028 (KT)
    9.2 PROCESSED GRAINS, PULSES, AND CEREALS 
           9.2.1 HIGH FIBER AND PROTEIN CONTENT TO ENCOURAGE DEMAND FOR PROCESSED GRAINS, PULSES, AND CEREALS
                    TABLE 31 PROCESSED GRAINS, PULSES, AND CEREALS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 32 PROCESSED GRAINS, PULSES, AND CEREALS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 33 SECONDARY PROCESSED MARKET SIZE IN PROCESSED GRAINS, PULSES, AND CEREALS, BY REGION, 2019–2022 (KT)
                    TABLE 34 SECONDARY PROCESSED MARKET SIZE IN PROCESSED GRAINS, PULSES, AND CEREALS, BY REGION, 2023–2028 (KT)
    9.3 VEGETABLE OIL 
           9.3.1 GROWTH OF QUICK-SERVICE AND PROCESSED FOOD INDUSTRIES TO DRIVE MARKET GROWTH
                    TABLE 35 VEGETABLE OIL: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 36 VEGETABLE OIL: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 37 SECONDARY PROCESSED MARKET SIZE IN VEGETABLE OIL, BY REGION, 2019–2022 (KT)
                    TABLE 38 SECONDARY PROCESSED MARKET SIZE IN VEGETABLE OIL, BY REGION, 2023–2028 (KT)
    9.4 TEA, COFFEE, AND COCOA 
           9.4.1 RAPID GROWTH OF HOTELS, RESTAURANTS, AND CAFES TO DRIVE MARKET GROWTH
                    TABLE 39 TEA, COFFEE, AND COCOA: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 40 TEA, COFFEE, AND COCOA: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 41 SECONDARY PROCESSED MARKET SIZE IN TEA, COFFEE, AND COCOA, BY REGION, 2019–2022 (KT)
                    TABLE 42 SECONDARY PROCESSED MARKET SIZE IN TEA, COFFEE, AND COCOA, BY REGION, 2023–2028 (KT)
    9.5 DRY FRUITS & PROCESSED NUTS 
           9.5.1 RISE IN CONSUMER TREND OF HEALTHY SNACKING TO DRIVE MARKET GROWTH
                    TABLE 43 DRY FRUITS & PROCESSED NUTS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 44 DRY FRUITS & PROCESSED NUTS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 45 SECONDARY PROCESSED MARKET SIZE IN DRY FRUITS & PROCESSED NUTS, BY REGION, 2019–2022 (KT)
                    TABLE 46 SECONDARY PROCESSED MARKET SIZE IN DRY FRUITS & PROCESSED NUTS, BY REGION, 2023–2028 (KT)
    9.6 FLOURS 
           9.6.1 MULTIPLE HEALTH BENEFITS ASSOCIATED WITH CONSUMPTION OF VARIOUS TYPES OF FLOURS TO DRIVE DEMAND
                    TABLE 47 FLOURS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 48 FLOURS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 49 SECONDARY PROCESSED MARKET SIZE IN FLOURS, BY REGION, 2019–2022 (KT)
                    TABLE 50 SECONDARY PROCESSED MARKET SIZE IN FLOURS, BY REGION, 2023–2028 (KT)
    9.7 SUGAR & SWEETENERS 
           9.7.1 RISING NUMBER OF HEALTH-CONSCIOUS CONSUMERS TO LEAD TO INCREASE IN DEMAND FOR NATURAL SWEETENERS
                    TABLE 51 SUGAR & SWEETENERS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 52 SUGAR & SWEETENERS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 53 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN SUGAR & SWEETENERS, BY REGION, 2019–2022 (KT)
                    TABLE 54 SECONDARY PROCESSED MARKET SIZE IN SUGAR & SWEETENERS, BY REGION, 2023–2028 (KT)
    9.8 PROCESSED HERBS & SPICES 
           9.8.1 MEDICINAL PROPERTIES OF HERBS & SPICES AND EXTENSIVE USE IN AYURVEDA TO DRIVE DEMAND IN ASIA PACIFIC
                    TABLE 55 PROCESSED HERBS & SPICES: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 56 PROCESSED HERBS & SPICES: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 57 SECONDARY PROCESSED MARKET SIZE IN PROCESSED HERBS & SPICES, BY REGION, 2019–2022 (KT)
                    TABLE 58 SECONDARY PROCESSED MARKET SIZE IN PROCESSED HERBS & SPICES, BY REGION, 2023–2028 (KT)
    9.9 SEA SALT 
           9.9.1 INCREASE IN DEMAND AS SEASONING AGENT TO DRIVE MARKET GROWTH
                    TABLE 59 SEA SALT: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 60 SEA SALT: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 61 SECONDARY PROCESSED MARKET SIZE IN SEA SALT, BY REGION, 2019–2022 (KT)
                    TABLE 62 SECONDARY PROCESSED MARKET SIZE IN SEA SALT, BY REGION, 2023–2028 (KT)
    9.10 OTHER TYPES 
           TABLE 63 OTHER TYPES: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 64 OTHER TYPES: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 65 SECONDARY PROCESSED MARKET SIZE IN OTHER TYPES, BY REGION, 2019–2022 (KT)
           TABLE 66 SECONDARY PROCESSED MARKET SIZE IN OTHER TYPES, BY REGION, 2023–2028 (KT)
 
10 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION (Page No. - 146)
     10.1 INTRODUCTION 
               FIGURE 44 SECONDARY PROCESSED MARKET, BY APPLICATION, 2023 VS. 2028 (USD BILLION)
               TABLE 67 SECONDARY PROCESSED MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
               TABLE 68 SECONDARY PROCESSED MARKET SIZE, BY APPLICATION, 2023–2028 (USD BILLION)
     10.2 FOOD APPLICATIONS, BY TYPE 
               TABLE 69 FOOD: SECONDARY PROCESSED MARKET, BY SUBAPPLICATION, 2019–2022 (USD BILLION)
               TABLE 70 FOOD: SECONDARY PROCESSED MARKET, BY SUBAPPLICATION, 2023–2028 (USD BILLION)
     10.3 FOOD APPLICATIONS, BY REGION 
               TABLE 71 FOOD: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
               TABLE 72 FOOD: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.3.1 BAKERY PRODUCTS
                       10.3.1.1 Increase in preference for low-calorie, ready-to-eat food items among consumers to lead to higher demand
                                   TABLE 73 BAKERY PRODUCTS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 74 BAKERY PRODUCTS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.3.2 SNACKS & SPREADS
                       10.3.2.1 Rapid urbanization to influence food preferences among consumers
                                   TABLE 75 SNACKS & SPREADS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 76 SNACKS & SPREADS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.3.3 READY MEALS
                       10.3.3.1 Consumers to prefer food items that can easily be consumed without much effort
                                   TABLE 77 READY MEALS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 78 READY MEALS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.3.4 CONFECTIONERY PRODUCTS
                       10.3.4.1 Confectionery products to witness high demand as they are used for gifting purposes
                                   TABLE 79 CONFECTIONERY PRODUCTS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 80 CONFECTIONERY PRODUCTS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.3.5 OTHER FOOD APPLICATIONS
                       10.3.5.1 Rise in infant population and decrease in infant mortality rate to drive demand for infant formulas
                                   TABLE 81 OTHER FOOD APPLICATIONS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 82 OTHER FOOD APPLICATIONS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
     10.4 BEVERAGE APPLICATIONS, BY TYPE 
               TABLE 83 BEVERAGES: SECONDARY PROCESSED MARKET, BY SUBAPPLICATION, 2019–2022 (USD BILLION)
               TABLE 84 BEVERAGES: SECONDARY PROCESSED MARKET, BY SUBAPPLICATION, 2023–2028 (USD BILLION)
               TABLE 85 BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
               TABLE 86 BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.4.1 ALCOHOLIC BEVERAGES
                       10.4.1.1 Growth of alcoholic beverages market in US to drive demand for acidulants
                                   TABLE 87 ALCOHOLIC BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 88 ALCOHOLIC BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.4.2 NON-ALCOHOLIC BEVERAGES
                       10.4.2.1 Non-alcoholic beverages to provide nutrition in form of antioxidants and probiotics
                                   TABLE 89 NON-ALCOHOLIC BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 90 NON-ALCOHOLIC BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.4.3 NON-ALCOHOLIC BEVERAGES, BY TYPE
                       TABLE 91 NON-ALCOHOLIC BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 92 NON-ALCOHOLIC BEVERAGES: SECONDARY PROCESSED MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                       10.4.3.1 Hot beverages
                                   TABLE 93 HOT BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 94 HOT BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                       10.4.3.2 Cold beverages
                                   TABLE 95 COLD BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                                   TABLE 96 COLD BEVERAGES: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
 
11 BULK FOOD INGREDIENTS, BY DISTRIBUTION CHANNEL (Page No. - 161)
     11.1 INTRODUCTION 
               FIGURE 45 SECONDARY PROCESSED MARKET, BY DISTRIBUTION CHANNEL, 2023 VS. 2028
               TABLE 97 PRIMARY PROCESSED MARKET, BY DISTRIBUTION CHANNEL, 2019–2022 (USD BILLION)
               TABLE 98 PRIMARY PROCESSED MARKET, BY DISTRIBUTION CHANNEL, 2023–2028 (USD BILLION)
               TABLE 99 SECONDARY PROCESSED MARKET, BY DISTRIBUTION CHANNEL, 2019–2022 (USD BILLION)
               TABLE 100 SECONDARY PROCESSED MARKET, BY DISTRIBUTION CHANNEL, 2023–2028 (USD BILLION)
     11.2 DIRECT FROM MANUFACTURERS 
             11.2.1 INCREASE IN R&D ACTIVITIES FOR PROCESSED AND CONVENIENCE FOODS TO DRIVE DEMAND AMONG DIRECT MANUFACTURERS
                       TABLE 101 DIRECT FROM MANUFACTURERS: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                       TABLE 102 DIRECT FROM MANUFACTURERS: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                       TABLE 103 DIRECT FROM MANUFACTURERS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                       TABLE 104 DIRECT FROM MANUFACTURERS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
     11.3 DISTRIBUTORS 
             11.3.1 INCREASE IN GDP IN EMERGING MARKETS OF ASIA PACIFIC TO DRIVE MARKET GROWTH
                       TABLE 105 DISTRIBUTORS: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                       TABLE 106 DISTRIBUTORS: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                       TABLE 107 DISTRIBUTORS: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                       TABLE 108 DISTRIBUTORS: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
 
12 BULK FOOD INGREDIENTS MARKET, BY REGION (Page No. - 168)
     12.1 INTRODUCTION 
               FIGURE 46 PRIMARY PROCESSED MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
               TABLE 109 PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
               TABLE 110 PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
               TABLE 111 SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
               TABLE 112 SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
     12.2 NORTH AMERICA 
               FIGURE 47 NORTH AMERICA: MARKET
             12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 48 INFLATION: COUNTRY-LEVEL DATA, 2018–2021
                       FIGURE 49 NORTH AMERICAN PRIMARY PROCESSED MARKET: RECESSION IMPACT ANALYSIS
                       TABLE 113 NORTH AMERICA: PRIMARY PROCESSED MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
                       TABLE 114 NORTH AMERICA: PRIMARY PROCESSED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 115 NORTH AMERICA: SECONDARY PROCESSED MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
                       TABLE 116 NORTH AMERICA: SECONDARY PROCESSED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 117 NORTH AMERICA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 118 NORTH AMERICA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 119 NORTH AMERICA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 120 NORTH AMERICA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 121 NORTH AMERICA: SECONDARY PROCESSED MARKET SIZE, BY TYPE, 2019–2022 (KT)
                       TABLE 122 NORTH AMERICA: SECONDARY PROCESSED MARKET SIZE, BY TYPE, 2023–2028 (KT)
                       TABLE 123 NORTH AMERICA: SECONDARY PROCESSED MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 124 NORTH AMERICA: SECONDARY PROCESSED MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 125 NORTH AMERICA: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 126 NORTH AMERICA: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 127 NORTH AMERICA: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 128 NORTH AMERICA: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 129 NORTH AMERICA: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 130 NORTH AMERICA: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 131 NORTH AMERICA: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 132 NORTH AMERICA: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 133 NORTH AMERICA: MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 134 NORTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
             12.2.2 US
                       12.2.2.1 Expanding market for bulk food ingredients to be driven by prominent industry players and extensive distribution reach
                                   TABLE 135 US: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 136 US: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 137 US: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 138 US: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.2.3 CANADA
                       12.2.3.1 Preference for convenience to drive market growth in Canada
                                   TABLE 139 CANADA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 140 CANADA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 141 CANADA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 142 CANADA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.2.4 MEXICO
                       12.2.4.1 Growing demand for bulk food ingredients to be driven by imports of processed food products
                                   TABLE 143 MEXICO: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 144 MEXICO: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 145 MEXICO: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 146 MEXICO: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
     12.3 EUROPE 
             12.3.1 EUROPE: RECESSION IMPACT ANALYSIS
                       FIGURE 50 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2018–2021
                       FIGURE 51 EUROPE: RECESSION IMPACT ANALYSIS
                       TABLE 147 EUROPE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
                       TABLE 148 EUROPE: PRIMARY PROCESSED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 149 EUROPE: SECONDARY PROCESSED MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
                       TABLE 150 EUROPE: SECONDARY PROCESSED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 151 EUROPE: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 152 EUROPE: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 153 EUROPE: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 154 EUROPE: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 155 EUROPE: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (KT)
                       TABLE 156 EUROPE: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 157 EUROPE: SECONDARY PROCESSED MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 158 EUROPE: SECONDARY PROCESSED MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 159 EUROPE: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 160 EUROPE: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 161 EUROPE: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 162 EUROPE: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 163 EUROPE: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 164 EUROPE: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 165 EUROPE: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 166 EUROPE: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 167 EUROPE: MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 168 EUROPE: MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
             12.3.2 GERMANY
                       12.3.2.1 Germany’s prominence as Europe’s largest industry sector and third-largest food & beverage exporter to drive market
                                   TABLE 169 GERMANY: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 170 GERMANY: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 171 GERMANY: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 172 GERMANY: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.3.3 UK
                       12.3.3.1 High demand for premium-quality food products to fuel growth of market
                                   TABLE 173 UK: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 174 UK: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 175 UK: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 176 UK: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.3.4 FRANCE
                       12.3.4.1 Attractive opportunities for players to boost market growth in France
                                   TABLE 177 FRANCE: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 178 FRANCE: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 179 FRANCE: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 180 FRANCE: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.3.5 SPAIN
                       12.3.5.1 Food products, vegetables, and meat products to account for more than half of exports, leading to increased demand for bulk food ingredients
                                   TABLE 181 SPAIN: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 182 SPAIN: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 183 SPAIN: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 184 SPAIN: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.3.6 ITALY
                       12.3.6.1 Potential of organic, functional, and low-fat food products in Italian market to drive demand for bulk food ingredients
                                   TABLE 185 ITALY: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 186 ITALY: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 187 ITALY: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 188 ITALY: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.3.7 REST OF EUROPE
                       TABLE 189 REST OF EUROPE: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 190 REST OF EUROPE: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 191 REST OF EUROPE: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 192 REST OF EUROPE: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
     12.4 ASIA PACIFIC 
               FIGURE 52 ASIA PACIFIC: MARKET SNAPSHOT
             12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       FIGURE 53 INFLATION: COUNTRY-LEVEL DATA, 2018–2021
                       FIGURE 54 ASIA PACIFIC MARKET: RECESSION IMPACT ANALYSIS
                       TABLE 193 ASIA PACIFIC: PRIMARY PROCESSED MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
                       TABLE 194 ASIA PACIFIC: PRIMARY PROCESSED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 195 ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
                       TABLE 196 ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 197 ASIA PACIFIC: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 198 ASIA PACIFIC: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 199 ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 200 ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 201 ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (KT)
                       TABLE 202 ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 203 ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 204 ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 205 ASIA PACIFIC: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 206 ASIA PACIFIC: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 207 ASIA PACIFIC: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 208 ASIA PACIFIC: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 209 ASIA PACIFIC: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 210 ASIA PACIFIC: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 211 ASIA PACIFIC: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 212 ASIA PACIFIC: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 213 ASIA PACIFIC: MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 214 ASIA PACIFIC: MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
             12.4.2 CHINA
                       12.4.2.1 Increasing import of bulk food ingredients to be driven by China’s consumer behavior
                                   TABLE 215 CHINA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 216 CHINA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 217 CHINA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 218 CHINA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.4.3 INDIA
                       12.4.3.1 Rising GDP and changing lifestyles to drive India’s food & beverage industry, in turn driving demand for bulk food ingredients
                                   TABLE 219 INDIA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 220 INDIA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 221 INDIA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 222 INDIA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.4.4 JAPAN
                       12.4.4.1 Shortage of land suited for farming to result in over 60% of import of food products
                                   TABLE 223 JAPAN: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 224 JAPAN: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 225 JAPAN: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 226 JAPAN: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.4.5 AUSTRALIA & NEW ZEALAND
                       12.4.5.1 New Zealand to hold top position as leading provider of processed beverages to Australia.
                                   TABLE 227 AUSTRALIA & NEW ZEALAND: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 228 AUSTRALIA & NEW ZEALAND: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 229 AUSTRALIA & NEW ZEALAND: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 230 AUSTRALIA & NEW ZEALAND: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.4.6 SOUTH KOREA
                       12.4.6.1 Strong demand for healthy diets, diverse choices, and new flavors to drive market for bulk food ingredients
                                   TABLE 231 SOUTH KOREA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 232 SOUTH KOREA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 233 SOUTH KOREA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 234 SOUTH KOREA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.4.7 REST OF ASIA PACIFIC
                       TABLE 235 REST OF ASIA PACIFIC: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 236 REST OF ASIA PACIFIC: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 237 REST OF ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 238 REST OF ASIA PACIFIC: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
     12.5 SOUTH AMERICA 
             12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 55 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–2021
                       FIGURE 56 SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2022–2023
                       TABLE 239 SOUTH AMERICA: PRIMARY PROCESSED MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
                       TABLE 240 SOUTH AMERICA: PRIMARY PROCESSED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 241 SOUTH AMERICA: SECONDARY PROCESSED MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
                       TABLE 242 SOUTH AMERICA: SECONDARY PROCESSED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 243 SOUTH AMERICA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 244 SOUTH AMERICA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 245 SOUTH AMERICA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 246 SOUTH AMERICA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 247 SOUTH AMERICA: SECONDARY PROCESSED MARKET SIZE, BY TYPE, 2019–2022 (KT)
                       TABLE 248 SOUTH AMERICA: SECONDARY PROCESSED MARKET SIZE, BY TYPE, 2023–2028(KT)
                       TABLE 249 SOUTH AMERICA: SECONDARY PROCESSED MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 250 SOUTH AMERICA: SECONDARY PROCESSED MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 251 SOUTH AMERICA: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 252 SOUTH AMERICA: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 253 SOUTH AMERICA: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 254 SOUTH AMERICA: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 255 SOUTH AMERICA: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 256 SOUTH AMERICA: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 257 SOUTH AMERICA: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 258 SOUTH AMERICA: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 259 SOUTH AMERICA: MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 260 SOUTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
             12.5.2 BRAZIL
                       12.5.2.1 Growth of Brazilian food & beverage sector to contribute to elevated consumption of sugar and sugar substitutes
                                   TABLE 261 BRAZIL: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 262 BRAZIL: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 263 BRAZIL: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 264 BRAZIL: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.5.3 ARGENTINA
                       12.5.3.1 Impact of cane sugar production on sugar industry in Argentina to boost demand for bulk food ingredients
                                   TABLE 265 ARGENTINA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 266 ARGENTINA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 267 ARGENTINA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 268 ARGENTINA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.5.4 REST OF SOUTH AMERICA
                       TABLE 269 REST OF SOUTH AMERICA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 270 REST OF SOUTH AMERICA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 271 REST OF SOUTH AMERICA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 272 REST OF SOUTH AMERICA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
     12.6 REST OF THE WORLD (ROW) 
             12.6.1 ROW: RECESSION IMPACT ANALYSIS
                       FIGURE 57 ROW: INFLATION RATES, BY KEY REGION, 2018–2021
                       FIGURE 58 ROW: RECESSION IMPACT ANALYSIS, 2022–2023
                       TABLE 273 ROW: PRIMARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                       TABLE 274 ROW: PRIMARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                       TABLE 275 ROW: SECONDARY PROCESSED MARKET, BY REGION, 2019–2022 (USD BILLION)
                       TABLE 276 ROW: SECONDARY PROCESSED MARKET, BY REGION, 2023–2028 (USD BILLION)
                       TABLE 277 ROW: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 278 ROW: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 279 ROW: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 280 ROW: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 281 ROW: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (KT)
                       TABLE 282 ROW: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 283 ROW: SECONDARY PROCESSED MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 284 ROW: SECONDARY PROCESSED MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 285 ROW: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 286 ROW: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 287 ROW: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 288 ROW: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 289 ROW: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION)
                       TABLE 290 ROW: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 291 ROW: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 292 ROW: MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 293 ROW: MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION)
                       TABLE 294 ROW: MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION)
             12.6.2 AFRICA
                       12.6.2.1 Increasing consumer preference for convenience food products to fuel demand for bulk food ingredients
                                   TABLE 295 AFRICA: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 296 AFRICA: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 297 AFRICA: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 298 AFRICA: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
             12.6.3 MIDDLE EAST
                       12.6.3.1 Market in Middle East set to grow as more food processing companies enter industry
                                   TABLE 299 MIDDLE EAST: PRIMARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 300 MIDDLE EAST: PRIMARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 301 MIDDLE EAST: SECONDARY PROCESSED MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                   TABLE 302 MIDDLE EAST: SECONDARY PROCESSED MARKET, BY TYPE, 2023–2028 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 267)
     13.1 OVERVIEW 
     13.2 MARKET SHARE ANALYSIS, 2022 
               TABLE 303 MARKET: DEGREE OF COMPETITION, 2022
     13.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 
               FIGURE 59 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2018–2022 (USD BILLION)
     13.4 ANNUAL REVENUE VS. GROWTH OF KEY PLAYERS 
               FIGURE 60 ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022 (%)
     13.5 EBITDA OF KEY PLAYERS 
               FIGURE 61 EBITDA, 2022 (USD BILLION)
     13.6 STRATEGIES ADOPTED BY KEY PLAYERS 
     13.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 
               FIGURE 62 BULK FOOD INGREDIENTS: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022
     13.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 
             13.8.1 STARS
             13.8.2 EMERGING LEADERS
             13.8.3 PERVASIVE PLAYERS
             13.8.4 PARTICIPANTS
                       FIGURE 63 BULK FOOD INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)
             13.8.5 FOOTPRINT, BY TYPE
                       TABLE 304 COMPANY FOOTPRINT, BY TYPE
                       TABLE 305 COMPANY FOOTPRINT, BY APPLICATION
                       TABLE 306 COMPANY FOOTPRINT, BY REGION
                       TABLE 307 OVERALL COMPANY FOOTPRINT
     13.9 EVALUATION QUADRANT OF STARTUPS/SMES 
             13.9.1 PROGRESSIVE COMPANIES
             13.9.2 STARTING BLOCKS
             13.9.3 RESPONSIVE COMPANIES
             13.9.4 DYNAMIC COMPANIES
                       FIGURE 64 MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES)
             13.9.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
                       TABLE 308 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       TABLE 309MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.10 COMPETITIVE SCENARIO 
               13.10.1 PRODUCT LAUNCHES
                       TABLE 310 PRODUCT LAUNCHES, 2019–2023
               13.10.2 DEALS
                       TABLE 311 DEALS, 2019–2023
               13.10.3 OTHERS
                       TABLE 312 OTHERS, 2019–2023
 
14 COMPANY PROFILES (Page No. - 295)
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
     14.1 KEY PLAYERS 
             14.1.1 ADM
                       TABLE 313 ADM: COMPANY OVERVIEW
                       FIGURE 65 ADM: COMPANY SNAPSHOT
                       TABLE 314 ADM: PRODUCT LAUNCHES
                       TABLE 315 ADM: DEALS
                       TABLE 316 ADM: OTHERS
             14.1.2 INTERNATIONAL FLAVORS & FRAGRANCES INC.
                       TABLE 317 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
                       FIGURE 66 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
                       TABLE 318 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS
                       TABLE 319 INTERNATIONAL FLAVORS & FRAGRANCES INC.: OTHERS
             14.1.3 OLAM GROUP
                       TABLE 320 OLAM GROUP: BUSINESS OVERVIEW
                       FIGURE 67 OLAM GROUP: COMPANY SNAPSHOT
                       TABLE 321 OLAM GROUP: PRODUCT LAUNCHES
                       TABLE 322 OLAM GROUP: DEALS
                       TABLE 323 OLAM GROUP: OTHERS
             14.1.4 CARGILL, INCORPORATED
                       TABLE 324 CARGILL, INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 68 CARGILL, INCORPORATED: COMPANY SNAPSHOT
                       TABLE 325 CARGILL, INCORPORATED: PRODUCT LAUNCHES
                       TABLE 326 CARGILL, INCORPORATED: DEALS
                       TABLE 327 CARGILL, INCORPORATED: OTHERS
             14.1.5 INGREDION
                       TABLE 328 INGREDION: BUSINESS OVERVIEW
                       FIGURE 69 INGREDION: COMPANY SNAPSHOT
                       TABLE 329 INGREDION: DEALS
                       TABLE 330 INGREDION: OTHERS
             14.1.6 ASSOCIATED BRITISH FOODS PLC
                       TABLE 331 ASSOCIATED BRITISH FOODS PLC: BULK FOOD INGREDIENTS MARKET BUSINESS OVERVIEW
                       FIGURE 70 ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT
                       TABLE 332 ASSOCIATED BRITISH FOODS PLC: OTHERS
             14.1.7 TATE & LYLE
                       TABLE 333 TATE & LYLE: COMPANY OVERVIEW
                       FIGURE 71 TATE & LYLE: COMPANY SNAPSHOT
                       TABLE 334 TATE & LYLE: PRODUCT LAUNCHES
                       TABLE 335 TATE & LYLE: DEALS
                       TABLE 336 TATE & LYLE: OTHERS
             14.1.8 SÜDZUCKER AG
                       TABLE 337 SÜDZUCKER AG: BUSINESS OVERVIEW
                       FIGURE 72 SÜDZUCKER AG: COMPANY SNAPSHOT
             14.1.9 RAIZEN
                       TABLE 338 RAIZEN: BUSINESS OVERVIEW
                       FIGURE 73 RAIZEN: COMPANY SNAPSHOT
                       TABLE 339 RAIZEN: DEALS
             14.1.10 GRAINCORP
                       TABLE 340 GRAINCORP: COMPANY OVERVIEW
                       FIGURE 74 GRAINCORP: COMPANY SNAPSHOT
             14.1.11 WILMAR INTERNATIONAL LIMITED
                       TABLE 341 WILMAR INTERNATIONAL LIMITED: BUSINESS OVERVIEW
                       FIGURE 75 WILMAR INTERNATIONAL LIMITED: COMPANY SNAPSHOT
             14.1.12 MCCORMICK & COMPANY, INC.
                       TABLE 342 MCCORMICK & COMPANY, INC.: BUSINESS OVERVIEW
                       FIGURE 76 MCCORMICK & COMPANY, INC.: COMPANY SNAPSHOT
                       TABLE 343 MCCORMICK & COMPANY, INC.: DEALS
             14.1.13 BORGES INTERNATIONAL GROUP, S.L.U
                       TABLE 344 BORGES INTERNATIONAL GROUP, S.L.U: BUSINESS OVERVIEW
                       FIGURE 77 BORGES INTERNATIONAL GROUP, S.L.U: COMPANY SNAPSHOT
                       TABLE 345 BORGES INTERNATIONAL GROUP, S.L.U: DEALS
                       TABLE 346 BORGES INTERNATIONAL GROUP, S.L.U: OTHERS
             14.1.14 EBRO FOODS, S.A.
                       TABLE 347 EBRO FOODS, S.A.: BUSINESS OVERVIEW
                       FIGURE 78 EBRO FOODS, S.A.: COMPANY SNAPSHOT
             14.1.15 JB COCOA
                       TABLE 348 JB COCOA: BUSINESS OVERVIEW
                       FIGURE 79 JB COCOA: COMPANY SNAPSHOT
                       TABLE 349 JB COCOA: OTHERS
     14.2 OTHER PLAYERS 
             14.2.1 THE GREEN LABS LLC
                       TABLE 350 THE GREEN LABS LLC: BUSINESS OVERVIEW
             14.2.2 DÖHLER GMBH
                       TABLE 351 DÖHLER GMBH: BUSINESS OVERVIEW
             14.2.3 GRAIN MILLERS, INC.
                       TABLE 352 GRAIN MILLERS, INC.: BUSINESS OVERVIEW
             14.2.4 DIEFENBAKER SPICE & PULSE
                       TABLE 353 DIEFENBAKER SPICE & PULSE: BUSINESS OVERVIEW
             14.2.5 SILVA INTERNATIONAL
                       TABLE 354 SILVA INTERNATIONAL: BUSINESS OVERVIEW
                       TABLE 355 SILVA INTERNATIONAL: OTHERS
             14.2.6 VAN DRUNEN FARMS
                       TABLE 356 VAN DRUNEN FARMS: BUSINESS OVERVIEW
             14.2.7 BERGIN FRUIT AND NUT COMPANY
                       TABLE 357 BERGIN FRUIT AND NUT COMPANY: BUSINESS OVERVIEW
             14.2.8 ROQUETTE FRÈRES
                       TABLE 358 ROQUETTE FRÈRES: BUSINESS OVERVIEW
             14.2.9 FRENCH FOOD ADDITIVES COMPANY
                       TABLE 359 FRENCH FOOD ADDITIVES COMPANY: BULK FOOD INGREDIENTS MARKET BUSINESS OVERVIEW
             14.2.10 TECHNO FOOD INGREDIENTS CO., LTD
                       TABLE 360 TECHNO FOOD INGREDIENTS CO., LTD: BUSINESS OVERVIEW
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
15 ADJACENT AND RELATED MARKETS (Page No. - 376)
     15.1 INTRODUCTION 
               TABLE 361 ADJACENT MARKETS
     15.2 RESEARCH LIMITATIONS 
             15.2.1 SPECIALTY FOOD INGREDIENTS MARKET
             15.2.2 MARKET DEFINITION
             15.2.3 MARKET OVERVIEW
                       TABLE 362 ACIDULANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                       TABLE 363 ACIDULANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     15.3 SPICES & SEASONINGS MARKET 
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
                       TABLE 364 SPICES & SEASONINGS MARKET, BY APPLICATION, 2016–2020 (USD MILLION)
                       TABLE 365 SPICES & SEASONINGS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
 
16 APPENDIX (Page No. - 380)
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 

 

This research involves the extensive use of secondary sources; directories; and databases (Bloomberg and Factiva) to identify and collect information useful for a technical, market-oriented, and commercial study of the bulk food ingredients market. In-depth interviews were conducted with various primary respondents, such as key industry participants, Subject Matter Experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and to assess prospects.

Secondary Research

In the secondary research process, various sources, such as the US Federal Food, Drug and Cosmetic Act (FD&C Act), Food and Drug Administration (FDA), Nutritional Labelling and Education Act (NLEA) Requirements, European Union (EU), FSS Packaging and Labelling Regulation, Food Safety and Standards Authority of India (FSSAI), World Trade Organization (WTO), Sanitary and Phytosanitary (SPS) Agreement and to Codex Alimentarius (CODEX)   were referred to identify and collect information for this study. The secondary sources also include journals, press releases, investor presentations of companies, whitepapers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

Primary Research

The bulk food ingredients market comprises several stakeholders, including food ingredients service providers and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply side include research institutions involved in R&D to introduce technology, bulk food ingredients providers, and technology providers. Primary sources from the demand-side include key opinion leaders, executives, vice presidents, and CEOs of food manufacturers and growers through questionnaires, emails, and telephonic interviews.

Bulk Food Ingredients Market Primary Participants

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the bulk food ingredients market. These approaches have also been used extensively to determine the size of the various sub-segments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and market have been identified through extensive secondary research.
  • The bulk food ingredients value chain and market size in terms of value have been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All macroeconomic and microeconomic factors affecting the growth of the market were considered while estimating the market size.
  • All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

The following sections (bottom-up & top-down) depict the overall market size estimation process employed for this study.

Market size estimation: Bottom-up Approach

  • In the bottom-up approach, bulk food ingredients for application, type, distribution channel, and region were added up to arrive at the global and regional market size and CAGR.
  • The bottom-up procedure has been employed to arrive at the overall size of the bulk food ingredients market from the revenues of key players (companies) and their product share in the market.

Bulk Food Ingredients Market Bottom-up Approach

Market size estimation methodology: Top-Down Approach

For the calculation of each type of specific market segment, the most appropriate, immediate parent and peer market sizes were used for implementing the top-down procedure.

Secondary reports from various sources like company revenues, associations, and regulatory bodies were considered. Further, appropriate weightage was assigned to the data derived from each parameter to arrive at the final shares for each region. The regional demand-supply trends, presence of labs, and regulatory scenario were also analyzed to further validate the shares arrived at. These shares were then confirmed with primary respondents from across regions.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall bulk food ingredients market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Bulk food ingredients refer to raw materials or substances that are purchased and used in large quantities by food manufacturers, processors, or retailers to produce various food products. These ingredients are typically purchased in bulk quantities, such as kilograms or metric tons, and are essential components in the formulation of food items. Examples of bulk food ingredients include grains, flour, sugars, oils, spices, nuts, seeds, and additives. The market for bulk food ingredients caters to the needs of the food industry, providing a wide range of high-quality and cost-effective ingredients to meet the demands of large-scale food production and supply chains.

Key Stakeholders

  • Manufacturers/suppliers
  • Food manufacturers & processors
  • Research & development laboratories
  • Regulatory bodies
    • Research organizations and associations, such as the Food and Agriculture Organization (FAO), Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Agency (EFSA), EUROPA, Codex Alimetarius, Food Safety and Standards Authority of India (FSSAI), and Food Safety Australia and New Zealand (FSANZ)
    • Government agencies and NGOs
  • Intermediary suppliers
  • Food safety agencies
  • End users
    • Food & beverage manufacturers/suppliers

Report Objectives

Market Intelligence

  • Determining and projecting the size of the global bulk food ingredients market, with respect to based on sample, application, technology and regional markets, over a five-year period, ranging from 2023 to 2028
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Providing the regulatory framework for major countries related to the market.
  • Analyzing the micro markets, with respect to individual growth trends, prospects, and their contribution to the total market

Competitive Intelligence

  • Identifying and profiling the key players in the global bulk food ingredients market
  • Providing a comparative analysis of market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Analyzing the value chain and products across the key regions and their impact on the prominent market players
  • Providing insights on key product innovations and investments in the global market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.

  • Further breakdown of the Rest of European bulk food ingredients market, by key country

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
Jun, 2023
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