Market Leader - Food Processing Ingredients Market
The food processing ingredients market is estimated to be valued at USD 41.40 Billion in 2018 and is projected to reach USD 55.99 Billion by 2023, at a CAGR of 6.2%. The market is driven by the rapid growth in demand for processed food, additional health benefits of food processing ingredients, and positive growth trend in alcoholic beverage consumption.
Key players in the food processing ingredients market include Cargill (US), ADM (US), DuPont (US), Ingredion (US), Tate & Lyle (UK), DSM N.V. (Netherlands), CHR. Hansen (Denmark). Ashland (US), KB Ingredients, LLC (US), and Kemin (US) are other players that hold a significant share in the food processing ingredients market.
Archer Daniels Midland Company is one of the active players in the food processing ingredients market; it is involved in manufacturing a broad range of food processing ingredients across the globe. It offers emulsifiers through its oilseeds processing business segment that has a range of consistent, high-quality lecithin that promotes even blending in food products, while reducing ingredient hardening and improving food texture. Through the corn processing segment, the company offers sweeteners, starches, and bioproducts. It manufactures, sells, and distributes specialty products such as emulsifiers, hydrocolloids, soluble fiber, polyols, proteins, natural health and nutrition products, and other specialty food ingredients under its WILD Flavors and Specialty Ingredients segment. In July 2016, the company, with the strategy to expand the starch portfolio, introduced ADM confectionery molding starch, a new line of starches for confectionery and gummies. This will help compete with other players in the confectionery and gummies market.
DuPont is a science- and technology-based company, providing innovative products, materials, and services. The company operates through seven business segments, namely, agriculture, electronics & imaging, industrial biosciences, nutrition & health, packaging and specialty plastics, safety and construction, and transportation and advanced polymers. DuPont develops, produces, and markets a wide variety of food processing ingredients and food protection products in the global market. The nutrition & health segment serves a wide portfolio of ingredients to the food industry, which includes the bakery, dairy, beverage, and meat segments. It offers a variety of food processing ingredients such as antioxidants, emulsifiers, hydrocolloids, and enzymes. In February 2018, the DuPont’s division, DuPont Nutrition & Health announced the development of the POWERBake 6000 product range, based on a unique new enzyme that acts as a strengthening solution, adding tolerance and consistency in bread and buns.
Tate & Lyle PLC is involved in the manufacturing and supply of ingredients and providing science & technology-based innovative solutions to the food & beverage, industrial, and agricultural customers. The company manages its business through two operating business segments: specialty food ingredients and bulk ingredients. The company offers its food processing ingredient products through both the business segments. In October 2017, the company announced the capacity expansion of its non-GMO maltodextrin product line at
Related Reports:
Food Processing Ingredients Market by Type (Modified Starch & Starch Derivatives, Proteins, Food Stabilizers, Emulsifiers, Yeast, Enzymes, Acidity Regulators, Antioxidants, and Release Agents), Form, Source, Application, and Region - Global Forecast to 2023
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