Food Ingredients Market Size Worth USD 84.97 Billion By 2027

Torri Donley

VANCOUVER, BC, Oct. 14, 2020 /PRNewswire/ — The Global Food Ingredients Market is forecast to be worth USD 84.97 billion by 2027, according to a new report by Emergen Research. The key factors influencing the market include higher demand for natural food ingredients, the increasing adoption of convenience foods, and a tremendous […]

VANCOUVER, BC, Oct. 14, 2020 /PRNewswire/ — The Global Food Ingredients Market is forecast to be worth USD 84.97 billion by 2027, according to a new report by Emergen Research. The key factors influencing the market include higher demand for natural food ingredients, the increasing adoption of convenience foods, and a tremendous surge in demand for ready-to-eat food products.

Rising consumer preference for higher nutritious value, increasing requirement for cold-storage foods, the proliferation of ready-made packaged & ready-to-serve foods, foods with lower calorific values & dietary foods, and cheaper alternatives of premium edibles are other market driving factors. Food Flavors and Enhancers have witnessed significant research & development undertaken by flavor manufacturers, and a higher preference has been attributed to natural extracts and fruit flavoring agents.

The global food ingredients market is expected to remain a competitive and fragmented landscape consisting of a number of both small start-ups and medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in product offerings create enormous growth potential for innovative players.

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Further key findings from the report suggest

  • In June 2020, Ingredion Incorporated launched a new dietary fiber in the United States named Novelose 3490. The fiber was originally launched in the Asia Pacific region and enabled food manufacturers to develop high-fiber bakery & snack products to accommodate consumer demand for digestive wellness.
  • A higher penetration in the online business channels or e-commerce chains for the food ingredients owing to the reduced price offering and availability of newer product line-ups & bulk products from a higher number of sellers are boosting the growth of the market.
  • The developing regions in the Asia Pacific are experiencing a rapid development in the food flavoring, emulsifying, and preserving research & development, increasing usage of the food ingredients, and substantial economic development, along with a mentionable shift in consumer preferences in the food & beverage sector are expected to propel market growth.
  • Key players in the market include Cargill Inc., Kerry Group, Archer Daniels Midland, Corbion Purac, Riken Vitamin, Hermes Sweeteners Ltd, Stevia First Corporation, Tate & Lyle Plc, Palsgaard, and Dupont- Danisco, among others.

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For the purpose of this report, Emergen Research has segmented the Global Food Ingredients Market on the basis of Type, Application, Sales Channel, and Region:

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

  • Preservatives
    1.  Natural Antioxidants
    2.  Sorbates
    3.  Benzonates
    4.  Others
  • Sweeteners
    1. Bulk Sweeteners
       – Lactose
       – Fructose
       – High Fructose
       – Sucrose 
       – Others
    2. Sugar Substitutes
       – Sucralose
       – Xylitol
       – Stevia
       – Aspartame
       – Saccharine
       – Others
  • Emulsifiers
    1. Mono-Di-Glycerides
    2. Lecithin
    3.  Sorbitan Esters
    4.  Others
  • Anti-Caking
    1.  Calcium compounds
    2.  Sodium compounds
    3.  Silicon Dioxide
    4.  Others
  • Enzymes
    1.  Carbohydrases
    2.  Protease
    3.  Lipase
    4.  Others
  • Hydrocolloids
    1.  Starch
    2.  Gelatin Gum
    3.  Xanthan Gum
    4.  Others
  • Food Flavors and Enhancers
    1.  Natural Extracts
    2.  Fruit flavors
    3.  Monosodium Glutamate
    4.  Others
  • Food Colorants
    1.  Synthetic Food
    2. Natural Food
    3.  Others
  • Acidulants
    1.  Citric Acid
    2.  Phosphoric Acid
    3.  Lactic Acid
    4.  Others

Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

  • Bakery
  • Beverages
  • Meat and Meat Products
  • Dairy Products
  • Vegan Foods
  • Others

Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

  • North America
    1.  U.S.
    2.  Canada
  • Europe
    1.  U.K.
    2.  Germany
    3.  France
    4.  Benelux
  • Asia Pacific
    1.  China
    2.  Japan
    3.  South Korea
    4.  Rest of APAC
  • Latin America
    1.  Brazil
    2.  Rest of LATAM
  • Middle East & Africa
    1.  Saudi Arabia
    2.  UAE
    3.  Rest of MEA

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Sugar Substitutes Market By Origin (Artificial/Synthetic, Natural), By Type (Low-intensity sweeteners, High-intensity sweeteners), By Composition (Sugar Alcohols, Stevia, Saccharine, Sucralose) By Application (Beverage, Food), Forecasts to 2027

Cannabis Market By Product Type (Flower, Concentrates, Others), By Compound (Tetrahydrocannabinol, Cannabidiol (CBD), Balanced THC & CBD), By Application (Medical, Recreational, Pain Management, Neurological Health Management, Others), and Regions Forecasts to 2027

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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a ‘Circular Economy,’ fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies. 

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