Global Bulk Food Ingredients Market Report and Forecast 2024-2032

Global Bulk Food Ingredients Market Outlook

The global bulk food ingredients market is anticipated to expand at a CAGR of 4.5% during 2024-2032. North America, Europe and Asia are projected to be significant markets.

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Increase in Processed Food Manufacturing and Rising Demand for Organic and Healthy Food Alternatives are Expected to Push Market Growth

Growing demand for organic food products and clean label is expected to drive market growth. Further, increase in processed food manufacturing activity is likely to boost market growth.

Companies like Cargill seek to understand and address issues related to customer strategy, consumers, competitors and distribution channels, and strive to offer solutions that assist growth of the food industry and beverage producers through novel product innovation and reformulation. Companies also look to help in reducing costs through supply chain and production process efficacy, and handling price risk related to the commodity. For example, Cargill enables food industry and beverage producing customers to produce distinct products that fill product pipelines and decrease time-to-market by linking its varied food ingredients supplier capacities — application experts, research scientist, marketers, manufacturing process engineers and risk managers — and rendering such sources to customers.

Growing Health Consciousness Among Consumers and Expanding Processed Food Manufacturing Segment are Expected to Boost Market Growth

Growth of the processed food manufacturing segment is likely to push the growth of the global bulk food ingredients market. Some examples of processed foods include foods made in cafeterias, restaurants, sports stadia, and other sites; canned and frozen vegetables and fruits; foods fortified with nutrients like omega-3 fatty acids, fibre, vitamin D, etc.; foods claiming to offer greater health and nutrition, or claiming to be organic (for example, fresh meat, poultry, jarred baby foods, etc.); and others. Bulk ingredients range comprises cereals, beans, flakes, peas, oats, lentils, flakes, cereals, chocolate, muesli, cocoa, cacao, coconut products, confectionery, flour, dried fruits, grain products, meals and baking, brans, spices, herbs, pasta, salt, oils, nuts, rice, vinegars, spreads, seeds, honey, sugars, tahini, sea vegetables, sweeteners, trail mixes, superfoods, snacks and blends.

With growing health consciousness among consumers, ingredients such as whole grain products, alternatives to sugar, ingredients with greater fibre content and other nutrients like protein, ingredients claiming “organic” and clean label are expected to witness greater demand.

Asia Likely to be a Key Growth Region

Asia is expected to be a significant growth region during the forecast period, with China and India being key countries. India is a market of focus for global food corporations.

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Market Segmentation

By type, the market is divided into:

• Primary Processed

• Secondary Processed

By application, the market is classified into:

• Food

• Snacks and Spreads

• Bakery Products

• Confectionery Products

• Ready Meals

• Others

• Beverages

• Alcoholic Beverages

• Non-Alcoholic Beverages

• Others

By region, the market is divided into:

• Middle East and Africa

• Europe

• North America

• Latin America

• Asia Pacific

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Key Industry Players in the Market

The report offers a comprehensive examination of major players in the global bulk food ingredients market, assessing their capacity, and monitoring latest developments like plant turnarounds, capacity expansions, and mergers and acquisitions; significant players in the industry include:

• Olam Group Limited

• Cargill, Incorporated.

• Tate & Lyle PLC

• Bunge Limited

• International Flavors & Fragrances Inc. (Dupont)

• Others

Through SWOT analysis and Porter’s Five Forces model, the EMR report offers a deep understanding of the industry.

Key Highlights of the Report