The global bulk food ingredients market size is estimated to be valued at USD 808.9 billion in 2021. It is projected to reach USD 1,008.1 billion by 2026, recording a CAGR of 4.5% during the forecast period. The change in perception of people pertaining to processed foods and the technological innovations in bulk food ingredient processing techniques have led to an increase in demand for processed products, and subsequently to the growth of the bulk food ingredients market.
Key players in this market include Tate & Lyle Plc. (UK), Cargill, Incorporated (US), Archer Daniels Midland Company (US), Olam International (Singapore), DuPont (US), and Ingredion Incorporated (US).
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Tate & Lyle PLC is engaged in the manufacturing and marketing of food ingredients. The company operates through three business segments, namely, food & beverage solutions, sucralose, and primary products. The company majorly uses ingredients that largely come from agricultural crops, such as corn, tapioca, and stevia leaves. It has large production capacities in wet corn mills and smaller blending facilities to manufacture sizes according to the requirements of the customers. In February 2021, Tate & Lyle acquired 85% of the shareholding in Chaodee Modified Starch Co. Ltd to strengthen its tapioca food starch segment in the Asia Pacific market. This acquisition would help extend their presence in specialty tapioca-based restaurants and allows them to meet the needs of customers for better tasting and clean label foods. In February 2020, Tate & Lyle partners with Zymtronix to leverage novel enzyme immobilization technologies. It would enable the company to improve and innovate its technology while scaling up its platform to support process scale production.
Cargill is involved in the production of various specialty ingredients and other industrial products for various applications. The company operates through four business segments, namely, animal nutrition & protein, food ingredients & applications, origination & processing, and industrial & financial services. It offers specialty ingredients through its food ingredients & applications segment. It offers a variety of ingredients for food and beverage manufacturers, food service companies, and other retailers. Various types of specialty food ingredients offered by the company include acidulants, sweeteners, starches, and protein ingredients, that find applications in the beverage, bakery, dairy, and meat sectors. It offers various ingredients to enhance the appearance, taste, and stability of fresh meat and specialty meat products. In June 2020, Cargill invested USD 3.99 million in its Belgium site (Kalmthout) for gourmet chocolate production. This would help increase the company’s production capacity of ingredients used in confectionery applications. In November 2019, Cargill and DSM (Netherlands) underwent a joint venture known as Avansya for commercial-scale production of EverSweet stevia sweetener. This will help in catering to the growing demand for reduced-calorie food and beverages.
ADM is a food manufacturing company that is primarily involved in the production of food & beverage ingredients, feed & feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company operates through four business segments, namely, Ag services and oilseeds, carbohydrate solutions, nutrition, and others. It offers specialty food ingredients under its wild flavors and specialty ingredients subsegment undernutrition.
The company’s nutrition segment is involved in the manufacturing, sales, and distribution of a wide array of products from nature, including plant-based proteins, natural flavor ingredients, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, natural health, and nutrition products, including probiotics, prebiotics, enzymes, and botanical extracts, and other specialty food and feed ingredients. In October 2020, Marfrig and ADM launched PlantPlus foods that offer a wide range of finished plant-based food products across North and South America. This joint venture will serve customers with a focus on North and South America and the ability to reach other global markets.
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
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