The global food ingredients market was valued at $270.2 billion in 2021, and is projected to reach $475.4 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.Food ingredients are substances added to food to preserve or improve its safety, freshness, flavor, texture, or appearance. Some culinary components, like salt (in meats such as bacon or dried fish), sugar (in marmalade), or sulfur dioxide, have been used for generations to preserve food (in wine).
Different types of food ingredients have evolved to satisfy the demands of food production, as producing food on a big scale differs greatly from producing it on a small scale at home. Food ingredients guarantee that processed food is safe and in excellent condition when it travels from factories or industrial kitchens to warehouses & stores, and eventually to customers. Food components are only justifiable when they serve a technological necessity, do not mislead customers, and perform a well-defined technological purpose, such as preserving nutritional quality or Increasing food stability.
Consumers' daily schedules have become hectic over the years, necessitating a lifestyle change to tackle the daily chores. Lifestyle change is negatively impacting the health of people and is becoming a major cause of health difficulties such as obesity, cardiovascular illness, and vitamin deficiencies. The response to this aforementioned problem is that food and nutraceutical manufacturing companies have developed products that are high in minerals, alkaloids, antioxidants, and protein by using quality nutritional ingredients. To address such demands, market players are introducing novel and innovative products. For instance, XLS Medical, a subsidiary of Perrigo Company Plc., launched a new range of meal replacement drinks, Active Shape in three flavors, Including chocolate, strawberry, and vanilla. Customers are encouraged to shift from sweetened beverages to nutritional foods due to the associated health benefits such as colon cleansing capabilities, anti-aging, and skin hydration properties.
Food ingredients such as thickeners have nutritional value and manufacturing companies are focusing on utilizing the ingredients to Increase the value of the food products. The use of thickeners in food leads to several health benefits. For instance, food thickeners such as arrowroot are beneficial for sensitive digestive systems, cellulose gum helps to reduce fat, kudzu root helps to reduce high blood pressure, regulate blood sugar, relieve chronic migraines, and ease muscular tension; agar-agar helps to lower cholesterol and glucose levels in individual with diabetes mellitus. Food thickeners reduce dysphagia risk in patients by providing greater swallowing ease. It also benefits patients with trauma, old age, cancer, and neurology disorder who suffer from difficulty in swallowing food. Thus, consumer preference towards food thickeners is Increasing to stay healthy and safe; which is expected to exhibit growth in the overall food ingredients market in coming years.
The food ingredients market is segmented into type, application, and region. Depending on the type, the market is classified into flavors, color additives, preservatives, fat replacers, sweeteners, stabilizers, emulsifiers, & binders, thickeners, pH control agents, nutrients, and others. Depending on the application, it is segregated into food & beverages, nutraceuticals, and animal feed. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, and rest of LAMEA).
Players operating in the global food ingredients market have adopted various developmental strategies to expand their food ingredients share, Increase profitability, and remain competitive in the market. The key players profiled in this report Include Ajinomoto, Inc., Archer Daniels Midland Company, Associated British Foods plc, Cargill, Incorporated, Celanese Corporation, DuPont de Nemours, Inc. (Danisco), Ingredion Incorporated (TIC Gums, Inc), Kerry Group, Roquette Freres, Südzucker Group (BENEO), Tate and Lyle PLC, Akzonobel N.V., BASF SE, Clariant AG, Evonik Industries AG, Koninklijke DSM N.V., Solvay SA, Kemin Industries, Inc., Chemelco International B.V., Givaudan International S.A. (Naturex S.A.), Palsgaard A/S, Univar, Inc., Corbion NV, Huber Corporation(CP Kelco U.S., Inc.), Kao Corporation, Nexira SAS, Jungbunzlauer Holding AG, Ashland Global Holdings Inc., Fuerst Day Lawson Limited, ATP Group, Novozymes, Aromata Group S.r.L (Fiorio Colori S.p.A), Kalsec, Inc., Glanbia PLC (Ireland), and Mead Johnson & Company, LLC.
Different types of food ingredients have evolved to satisfy the demands of food production, as producing food on a big scale differs greatly from producing it on a small scale at home. Food ingredients guarantee that processed food is safe and in excellent condition when it travels from factories or industrial kitchens to warehouses & stores, and eventually to customers. Food components are only justifiable when they serve a technological necessity, do not mislead customers, and perform a well-defined technological purpose, such as preserving nutritional quality or Increasing food stability.
Consumers' daily schedules have become hectic over the years, necessitating a lifestyle change to tackle the daily chores. Lifestyle change is negatively impacting the health of people and is becoming a major cause of health difficulties such as obesity, cardiovascular illness, and vitamin deficiencies. The response to this aforementioned problem is that food and nutraceutical manufacturing companies have developed products that are high in minerals, alkaloids, antioxidants, and protein by using quality nutritional ingredients. To address such demands, market players are introducing novel and innovative products. For instance, XLS Medical, a subsidiary of Perrigo Company Plc., launched a new range of meal replacement drinks, Active Shape in three flavors, Including chocolate, strawberry, and vanilla. Customers are encouraged to shift from sweetened beverages to nutritional foods due to the associated health benefits such as colon cleansing capabilities, anti-aging, and skin hydration properties.
Food ingredients such as thickeners have nutritional value and manufacturing companies are focusing on utilizing the ingredients to Increase the value of the food products. The use of thickeners in food leads to several health benefits. For instance, food thickeners such as arrowroot are beneficial for sensitive digestive systems, cellulose gum helps to reduce fat, kudzu root helps to reduce high blood pressure, regulate blood sugar, relieve chronic migraines, and ease muscular tension; agar-agar helps to lower cholesterol and glucose levels in individual with diabetes mellitus. Food thickeners reduce dysphagia risk in patients by providing greater swallowing ease. It also benefits patients with trauma, old age, cancer, and neurology disorder who suffer from difficulty in swallowing food. Thus, consumer preference towards food thickeners is Increasing to stay healthy and safe; which is expected to exhibit growth in the overall food ingredients market in coming years.
The food ingredients market is segmented into type, application, and region. Depending on the type, the market is classified into flavors, color additives, preservatives, fat replacers, sweeteners, stabilizers, emulsifiers, & binders, thickeners, pH control agents, nutrients, and others. Depending on the application, it is segregated into food & beverages, nutraceuticals, and animal feed. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, and rest of LAMEA).
Players operating in the global food ingredients market have adopted various developmental strategies to expand their food ingredients share, Increase profitability, and remain competitive in the market. The key players profiled in this report Include Ajinomoto, Inc., Archer Daniels Midland Company, Associated British Foods plc, Cargill, Incorporated, Celanese Corporation, DuPont de Nemours, Inc. (Danisco), Ingredion Incorporated (TIC Gums, Inc), Kerry Group, Roquette Freres, Südzucker Group (BENEO), Tate and Lyle PLC, Akzonobel N.V., BASF SE, Clariant AG, Evonik Industries AG, Koninklijke DSM N.V., Solvay SA, Kemin Industries, Inc., Chemelco International B.V., Givaudan International S.A. (Naturex S.A.), Palsgaard A/S, Univar, Inc., Corbion NV, Huber Corporation(CP Kelco U.S., Inc.), Kao Corporation, Nexira SAS, Jungbunzlauer Holding AG, Ashland Global Holdings Inc., Fuerst Day Lawson Limited, ATP Group, Novozymes, Aromata Group S.r.L (Fiorio Colori S.p.A), Kalsec, Inc., Glanbia PLC (Ireland), and Mead Johnson & Company, LLC.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the food ingredients market analysis from 2021 to 2031 to identify the prevailing food ingredients market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the food ingredients market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global food ingredients market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Nutrients
- Others
- Flavors
- Color additives
- Preservatives
- Fat replacers
- Sweeteners
- Sub-Type
- Sucrose
- Starch sweeteners
- High-intensity sweeteners
- Sugar substitutes
- Stabilizers, Emulsifiers, and Binders
- Thickeners
- pH control agents
By Application
- Food and Beverages
- Sub-Type
- Beverages
- Sauces, Dressing, and Condiments
- Bakery and Confectionery
- Ready to eat meal
- Dairy products
- Others
- Nutraceuticals
- Animal feed
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Glanbia PLC
- ATP Group
- Evonik
- Roquette Freres
- Tate and Lyle, Plc.
- Jungbunzlauer Suisse AG
- Akzo Nobel N.V.
- BASF SE
- Kemin Industries, Inc.
- Koninklijke DSM N.V.
- Solvay
- FDL Ltd
- Corbion Inc.
- Palsgaard A/S
- J.M. Huber Corporation
- Kerry Group Plc
- Kao Corporation
- Nexira
- Ajinomoto Co., Inc.
- DuPont de Nemours, Inc.
- Novozymes A/S
- Celanese Corporation
- Associated British Foods plc
- Clariant
- Ashland
- Sdzucker AG
- Chemelco International B.V.
- Univar Solutions Inc.
- RECKITT BENCKISER GROUP PLC.
- Kalsec, Inc.
- Givaudan International SA
- Archer Daniels Midland Company
- Cargill, Incorporated
- Ingredion Incorporated
- AromataGroup SRL
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FOOD INGREDIENTS MARKET, BY TYPE
CHAPTER 5: FOOD INGREDIENTS MARKET, BY APPLICATION
CHAPTER 6: FOOD INGREDIENTS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Food Ingredients Market,' The food ingredients market size was valued at $270.2 billion in 2021, and is estimated to reach $475.4 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.According to the European Starch Industry Association, Europe is one of the leading manufacturers of sweeteners using starch. The demand for sweeteners made from starch is on a significant increase in Europe. The starch sweetener manufacturers are investing in business expansion and are positioning their businesses for long-term growth. For instance, Cargill made an investment of around $48 million in February 2022 to open its corn mill in Fort Dodge, Iowa, which will help expand value-added corn production for the company’s food ingredient market. Similarly, the major global sweetener manufacturers are adopting business expansion as a key strategy for long-term growth in the market. This will boost the food ingredients market growth and help to increase positive competition in the market.
Key players such as Archer Daniels Midland Company and Tate & Lyle Plc are investing in the establishment of new manufacturing facilities and emphasizing R&D activities to promote innovation. In October 2021, Tate & Lyle PLC opened a new state-of-the-art food and beverage Technical Application Centre in Dubai to promote R&D activities in the region and to help improve the quality of its products. In May 2022, Archer Daniels Midland Company announced plans to expand the production of starch in its Marshall, Minnesota, facility, to keep up with the increase in demand for food and beverage additives and sweeteners. Therefore, the rising investments in business expansion by the leading market players are expected to offer food ingredients market opportunity for growth to the market players during the forecast period.
Sugar is a major ingredient that is used to provide sweetness in confectionery. Increased usage of sugar limits the growth of the food ingredients business since it has been related to dental issues in consumers as a result of long-term consumption. According to the American Dental Association, the consumption of sugar has been associated with an increased risk of developing dental caries. Sugar is considered the main ingredient responsible for the rise in the rate of obesity and diabetes. Obesity and diabetes in individuals are one of the major causes that contribute to the increase in the fatality rate. According to worldobesity.org, in 2020, about 2 billion adult were either overweight or obese, and 463 million individuals suffering from diabetes. Consumers have, thereby, become more conscious about sugar intake and are shifting toward products that offer high nutritional value. Thus, demand for sugar-free food ingredients products is on the rise around the globe. Overall, consumers are gaining awareness about the importance of maintaining good health, which is preventing them from consuming food ingredients containing sugar.
Manufacturers in the sweetener industry are continuously investing in R&D to expand their product portfolios and market presence. The need for cost-effective procedures for manufacturing sweeteners is expected to aid in minimizing the ultimate cost of the product and fuel the market's expansion. For instance, in April 2020, ERYSTA, the first polyol sweetener produced by Ingredion EMEA, enables producers to decrease or replace sugar to fulfill nutrition-related claims including no added sugar or calorie-reduced in a variety of applications. Furthermore, Cargill, Incorporated, debuted their newest label-friendly sweetener TruSweet 01795 in 2020, which allows for a 30% sugar and calorie reduction in drinks and other food applications through reduced consumption levels. The entire sweetener industry is expected to grow at an increasing pace in the upcoming years owing to the expansion of the range of sugar and sweetener producers.
The food ingredients market is segmented into type, application, and region. By type, the market is classified into flavors, color additives, preservatives, fat replacers, sweeteners, stabilizers, emulsifiers, & binders, thickeners, pH control agents, nutrients, and others. Depending on the application, it is segregated into food & beverages, nutraceuticals, and animal feed. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, and rest of LAMEA).
Players operating in the global food ingredients market have adopted various developmental strategies to expand their food ingredients market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Ajinomoto, Inc., Archer Daniels Midland Company, Associated British Foods plc, Cargill, Incorporated, Celanese Corporation, DuPont de Nemours, Inc. (Danisco), Ingredion Incorporated (TIC Gums, Inc), Kerry Group, Roquette Freres, Südzucker Group (BENEO), Tate and Lyle PLC, Akzonobel N.V., BASF SE, Clariant AG, Evonik Industries AG, Koninklijke DSM N.V., Solvay SA, Kemin Industries, Inc., Chemelco International B.V., Givaudan International S.A. (Naturex S.A.), Palsgaard A/S, Univar, Inc., Corbion NV, Huber Corporation(CP Kelco U.S., Inc.), Kao Corporation, Nexira SAS, Jungbunzlauer Holding AG, Ashland Global Holdings Inc., Fuerst Day Lawson Limited, ATP Group, Novozymes, Aromata Group S.r.L (Fiorio Colori S.p.A), Kalsec, Inc., Glanbia PLC (Ireland), and Mead Johnson & Company, LLC.
Key findings of the study
- On the basis of type, the sweetener segment is projected to witness a CAGR of 5.2%, in terms of revenue, during the food ingredients market forecast period.
According to the food ingredients market trends, on the basis of the country in North America, the U.S. was the largest market for food ingredients in 2021, in terms of revenue generation.
- On the basis of region, North America is anticipated to witness the highest growth rate, registering a CAGR of 7.6% from 2022 to 2031.
Companies Mentioned
- Glanbia PLC
- ATP Group
- Evonik
- Roquette Freres
- Tate and Lyle, Plc.
- Jungbunzlauer Suisse AG
- Akzo Nobel N.V.
- BASF SE
- Kemin Industries, Inc.
- Koninklijke DSM N.V.
- Solvay
- FDL Ltd
- Corbion Inc.
- Palsgaard A/S
- J.M. Huber Corporation
- Kerry Group Plc
- Kao Corporation
- Nexira
- Ajinomoto Co., Inc.
- DuPont de Nemours, Inc.
- Novozymes A/S
- Celanese Corporation
- Associated British Foods plc
- Clariant
- Ashland
- Sdzucker AG
- Chemelco International B.V.
- Univar Solutions Inc.
- RECKITT BENCKISER GROUP PLC.
- Kalsec, Inc.
- Givaudan International SA
- Archer Daniels Midland Company
- Cargill, Incorporated
- Ingredion Incorporated
- AromataGroup SRL
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 246 |
| Published | May 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 270.2 billion |
| Forecasted Market Value ( USD | $ 475.4 billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 35 |
