Bulk Food Ingredients Industry Size

Bulk Food Ingredients Market worth $1,008.1 billion by 2026

The report "Bulk Food Ingredients Market by Primary Processed Type, Secondary Processed Type, Application (Food, Beverages), Distribution Channel (Direct From Manufacturers, Distributors), and Region - Global Forecast to 2026" The market for bulk food ingredients is estimated at USD 808.9 Billion in 2021; it is projected to grow at a CAGR of 4.5% to reach USD 1,008.1 Billion by 2026. Asia Pacific accounted for the largest share; during the forecast period, in terms of value. Key factors such as a large population, the growing demand for authentic flavors, and an increase in popularity of convenience foods are the key factors that are projected to drive the growth of the Asia Pacific bulk food ingredients market.

Browse 420 market data Tables and 68 Figures spread through 384 Pages and in-depth TOC on "Bulk Food Ingredients Market by Primary Processed Type, Secondary Processed Type, Application (Food, Beverages), Distribution Channel (Direct From Manufacturers, Distributors), and Region - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/bulk-food-ingredient-market-2141018.html

The herbs & spices segment by product type is projected to achieve the fastest growth in the bulk food ingredients market.

The herbs & spices is the fastest-growing segment product type during the forecast period. Key factors such as the increase in consumer preference for healthy food products, production of bulk food ingredients, import of bulk food ingredients and ease of availability, demand for natural/clean label products, and preference for convenience food products due to busy lifestyles is projected to drive the demand for bulk food ingredients.
 
By distribution channel, the direct distribution from manufacturers segment is projected to account for the largest market share in the bulk food ingredients market.

The bulk food ingredients market, in terms of distribution channel method, was dominated by direct manufactuerers. Investments in R&D activities for the development of new products and solutions in the bulk food ingredients market are projected to drive the market growth. The number of research projects on processed & convenience foods is increasing globally. The production of bulk food ingredients is projected to be influenced by the increase in R&D activities for processed & convenience foods.  

The food segment by application is projected to account for the largest market share of the bulk food ingredients market over the forecast period.

The food segment is projected to account for the largest share owing to to the growing middle-class population and urbanization, which has led to an increase in the disposable income of people. The increase in demand for snacks & convenience food products in the Asia Pacific region has witnessed a rise in demand for various bulk food ingredients that have led consumers to adopt healthier lifestyles.

Asia Pacific is projected to be the fastest growing market.

The demand for bulk food ingredients is projected to increase in the Asia Pacific region due to key factors, such as the rise in disposable income and urbanization in countries such as China, India, and Japan. Furthermore, the rise in consumer awareness about the benefits of clean/natural label products in Asian countries is projected to offer growth opportunities to food & beverage manufacturers. However, high price volatility and unstable agricultural supply are the key factors that are projected to inhibit the market growth. In addition, improper infrastructural facilities, such as warehousing, act as a challenge for market players. 

Key Market Players 

The key players in this market include Tate & Lyle PLC (UK), Cargill, Incorporated (US), Archer Daniels Midland Company (US), Olam International (Singapore), DuPont (US), Ingredion Incorporated (US), Associated British Foods plc (UK), EHL Ingredients (UK), DMH Ingredients, Inc. (US), and Community Foods Limited (UK). Some other players include McCormick & Company, Inc. (US), The Source Bulk Foods (Australia), Essex Food Ingredients (US), The Green Labs LLC (US), Ingredients Inc. (US), GCL Food Ingredients (UK), Pure Ingredients (Dublin), and Organic Partners International, LLC (US). These players in this market are focusing on increasing their presence through new product launches and expansions. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Don’t miss out on business opportunities in Bulk Food Ingredients Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Bulk Food Ingredients Market Size,  Share & Growth Report
Report Code
FB 4299
PR Published ON
6/4/2021
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home