- Functional Food Ingredient
- Specialty Starch and Texturants
- Specialty Oils
Food Ingredients Market size was valued at around USD 33.68 billion in 2021 and poised to grow at a significant CAGR of 7.9% over 2022-2028. Food Ingredients Market has various applications, they are used to enhance the appearance, taste, color, and also used to preserve the food from decomposition upon storage which helps in commercial manufacturing and exporting of food products to various regions of the world. The market for these Food Ingredients Market is rapid increased due to rise in demand for processed and packaged foods. Ready to eat, instant prepared foods are showing a significant effect in the market for these Food Ingredients Market. Rapid urbanization and rising disposable income are key factors effecting the market for these products. Global Food Ingredients Market is surging owing to frequent acquisitions and launchings by the market players. For instance, in 2015 NutraGenesis LLC had launched â€˜Sensaraâ€™ a new functional ingredient which provides wellness benefits to nourish and protect a womanâ€™s mind and body and can be used in foods and beverages.
Fastest Growing Market
Food Ingredients Market are seen a rapid growth in the forecast period due to increase in food chain sectors, increase in population, and rise in demand for processed food, urbanization, and driving of people towards the natural products. Increase in youthful population and women empowerment shows a significant effect in the processed foods which increases the market for these products.
The food ingredients market is projected to expand at a CAGR of 7.9% during the forecast period
ABS Food and Givaudan, AlgaVia, Archer Daniels Midland, Arla Foods Ingredients, Ashland Inc., Butter Buds Inc, Cargill Inc.