Food Ingredients Market Size, Share, Growth, Trends, and Global Industry Analysis: By Form (Flavors (Chocolate & Brown, Vanilla, Fruit & Nut, Spices & Savory, Mint, Others), Colour Additives (Natural, Synthetic), Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters, Others), Preservatives (Antioxidants, Antimicrobials, Acidulants, Others), Binders (Plant Based, Animal Based), Sweeteners (Sucrose, High Fructose Corn Syrup, Polyol Sweeteners, High Intensity Sweeteners), Stabilizers/ Thickeners (Starches, Pectin, Xanthan Gum, Alginate, Guar gum, Cellulose & Derivates, Carrageenan, Others), Others) and Region Forecast 2020-2031

Food Ingredients Market size was valued at US$ 190,308 million in 2024 and is expected to reach US$ 278,310 million by 2031, growing at a significant CAGR of 5.6% from 2025-2031. Moreover, the U.S. food ingredients market is projected to grow significantly, reaching an estimated value of US$ 58,887 Million by 2030. Food ingredients encompass both essential components and specialized blends used in food preparation, ranging from natural sources like grain, fruits, and vegetables to processed elements such as preservatives, flavourings, and emulsifiers. The ingredients are essential for determining the taste, texture, nutritional profile, appearance, and shelf life of food items, making them crucial in the food, feed, and industrial sectors. Food ingredients serve as the foundation for a variety of culinary, nutritional, and processing requirements.

Factors driving the worldwide food ingredient market include surge in consumer demand for convenience foods, more health and wellness awareness, and a growing emphasis on sustainable and natural ingredients. Traditional ingredient trends are resurging in Southeast Asia, with consumers embracing the concept of "food as medicine," which stems from ancient practices. For Instance, in Thailand, healthy eating for immune support is a popular trend, with three out of every five Thai consumers include immune-boosting foods such as fresh fruits and zinc-rich foods in their diets. This emphasis on immune health is similarly strong in the Philippines, where over 80% of consumers aged over 45 prioritize immune-fortifying foods.

Key Takeaways

• Based on Form Type, Sweeteners segment holds the Significantly 48% market share. Following That Stabilizers/ Thickeners holds 16.09% Market share.
• Based on Flavors, Chocolate & Brown sub segment holds the 32% market share
• Based on Preservatives, Antimicrobial sub segment holds the largest market share around 37.4%

Facts & Figures

• In fact, Flavour remains the most important aspect in food and beverage selection, particularly in sweet delights, where over one-third of worldwide customers are willing to experiment with dessert and bakery flavours.
• Consumers increasingly consider chocolate as a tool to improve mental health, with 65% of people worldwide looking for foods that promote mental well-being. Interest levels reach more than 80% in the Middle East, Africa, and South America.
• In 2019, the global consumption of stevia reached around 1,400 tons. Although the epidemic momentarily hindered growth, a recovery was noticed in 2021, and the increasing trend is projected to persist. Notably, the number of stevia-containing product launches increased by roughly 50 percent between 2017 and 2021.

List of Instances

• In August 2024, Corbion, a global pioneer in sustainable ingredient solutions, has announced that it will purchase the bread improver business from Novotech Food Ingredients, headquartered in Delhi, India. The strategic purchase will strengthen Corbion's position as a global functional solutions provider while also expanding its presence in Asia Pacific.
• In January 2024, Ajinomoto Co., Inc., announced a capital and business cooperation with Inglewood Co., Ltd., a developer of DX solutions for retail. Ajinomoto intends to use the assets of both companies to create a "Food and Health Solution Service," with a focus on providing tailored value through direct-to-consumer (D2C) channels.
• In November 2023, Ingredion Incorporated, a leading global provider of ingredient solutions to the food and beverage industry, had announced that it has signed a definitive agreement to sell its South Korean business to an affiliate of the Sajo Group, a leading food company based in Seoul, South Korea. The acquisition is expected to occur in the first quarter of 2024, pending regulatory clearances and other standard closing conditions

Key Developments:

• In July 2024, Tate & Lyle PLC., a global leader in ingredient solutions for healthy foods and beverages, introduces OPTIMIZER STEVIA® 8.10. This novel ingredient provides the highly desired premium flavor profile closest to sugar, even at high sugar replacement levels, while still being a more cost-effective option than existing premium sweeteners.
• In June 2024, Tate & Lyle has entered into an agreement to acquire the entire issued share capital of CP Kelco U.S., CP Kelco China, and CP Kelco ApS, as well as each of their respective subsidiaries, a leading provider of pectin, specialty gums, and other nature-based ingredients, from J.M. Huber Corporation for a total implied consideration of US$1.8 billion (approximately £1.4 billion), on a cash-free, debt-free basis.
• In May 2024, Corbion, a leading global supplier of world-class ingredient solutions, announced the expansion of its partnership with IMCD, a global distribution partner and formulator of specialty chemicals and ingredients, to include Corbion products for Thailand's Food and Beverage market, beginning July 1, 2024. The strategic agreement builds on the two companies' successful collaboration in the Australian and New Zealand markets, which has resulted in strong performance and sales growth.

Food Ingredients Market Segmentation

By Form Type: Sweeteners are accounted for over 42% of the market, owing to increased consumer demand for natural alternatives. Plant-based sweeteners, such as stevia and monk fruit, have grown in popularity as health-conscious customers look for natural alternatives, a trend that accelerated during the global epidemic. Stevia, which has been allowed in the EU since 2011, has become a popular sweetener, with newer glycosides such as Reb M and Reb D providing greater flavor profiles and more applications. Global stevia consumption was over 1,400 tons in 2019, and while growth was temporarily hampered by the pandemic, it has since recovered, with stevia-based product releases increasing by roughly 50% between 2017 and 2021.

In addition, emerging sweeteners such as allulose and monk fruit are gaining popularity. Allulose, which occurs naturally in foods such as figs, has a sweetness like sugar but is significantly more expensive, making it an attractive option for bulking in baked products and confectionery.