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