China Food Ingredients Market Report and Forecast 2024-2032

China Food Ingredients Market Size

The China food ingredients market reached approximately USD 26.26 billion in 2023. The market is projected to grow at a CAGR of 7.50% between 2024 and 2032, reaching a value of around USD 50.58 billion by 2032.

China Food Ingredients Market Outlook

• Around 73 per cent of the Chinese population have stated that they are willing to pay more for healthy food ingredients.

• In 2023, the food processing sector witnessed an increase of 2.9 per cent compared to the previous year in China, which is expected to boost the demand for food ingredients.

• Around 4.1 million new caterers were registered in China in 2023, which offers ample opportunities for the growth of the food ingredients sector.

China Food Ingredients Market Growth

The rising trend of health and wellness, rise in disposable income, and increased demand for natural and healthy food ingredients are some of the crucial market drivers. Moreover, rapid urbanisation has led to a high demand for processed and convenient food products, thereby driving the demand for ingredients that can enhance the taste and preservative quality of food.

Technological innovations such as the incorporation of microbial-based food ingredients are on the rise. For instance, microbial-derived food ingredients utilise microorganisms like bacteria, yeast, and algae for the production of food ingredients and this method is becoming increasingly popular for its ability to develop sustainable, nutritious, and functional food items.

There is an increased demand for plant-based food ingredients due to rising health consciousness and environmental awareness. Consumers are seeking out clean-label items that are devoid of additives, hormones, and antibiotics, prompting manufacturers to prioritise natural and clean-label ingredients.

China Food Ingredients Industry Segmentation

“China Food Ingredients Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Starch and Texturants

• Sweetener

• Flavours

• Acidulants

• Preservative

• Emulsifier

• Colour

• Enzymes

• Others

Market Breakup by Application

• Beverages

• Sauces, Dressings and Condiments

• Bakery and Confectionery

• Processed Food

• Sweet and Savory Snacks

• Others

Market Breakup by Region

• Shanghai

• Zhejiang

• Guangdong

• Jiangsu

• Beijing

China Food Ingredients Market Share

Based on application, the market is divided into beverages, sauces, dressings and condiments, bakery and confectionery, processed food, and sweet and savory snacks, among others. Beverages account for a major market share owing to the rising demand for functional beverages containing vitamins, minerals, and other health-boosting ingredients as well as beverages containing natural preservatives and additives.

Leading Companies in the China Food Ingredients Market

The market players are investing in research and development activities for the production of consistent food ingredients with minimal environmental impact.

• Archer-Daniels-Midland Co.

• Cargill Inc.

• BASF SE

• Corbion N.V.

• Kerry Group Plc

• DSM-Firmenich AG

• International Flavors & Fragrances Inc

• Palsgaard A/S

• Others

Key Highlights of the Report