Global Food Processing Ingredients Market: Industry Analysis and Forecast (2021-2027)
Global Food Processing Ingredients Market size was valued at US$ 26.9 Bn in 2019 and the total revenue is expected to grow at 5.8 % through 2021 to 2027, reaching nearly US$ 42.3 Bn.
Global Food Processing Ingredients Market Overview:
The global food processing ingredients market is estimated at US$ 26.9 Billion in 2019, and it is expected to reach US$ 42.3 Billion by 2027, growing at a CAGR of 5.8 % over the forecasting period of 2021-2027.
The increased demand for processed foods, as well as a growing focus on organic food and clean label food items, is driving the growth of the food processing ingredients market. Furthermore, rising disposable incomes and increased demand for branded and food goods are assisting in the growth of the food processing ingredients industry.
Global Food Processing Ingredients MarketTo know about the Research Methodology :- Request Free Sample Report
The market is forecasted from 2021 to 2027 using 2019 as a base year. The market size for 2020 is based on actual figures and outputs from key companies and big players around the world. Previous five-year trends are considered while forecasting the market until 2026. 2020 is a year of exception, with the impact of lockdown broken out by area.
Global Food Processing Ingredients Market Dynamics:
Increasing demand for Processed Food: Consumers’ food safety behavior has changed, which has promoted the development of the processed food market. Consumers are becoming more and more active in the procurement and production methods of the meals they consume. Therefore, in order to meet the quality and safety standards expected by consumers, these companies are developing certified food processing ingredients.
Rise in Disposable income and Change in Lifestyle: As the global population increases and income levels in emerging markets increase, the demand for convenience food and other resources is growing at a higher level. Due to environmentally friendly organic food cultivation that does not use pesticides, organic food products are becoming more and more popular among consumers. Food ingredient manufacturers are seeking the advantage of consumers' growing demand for healthier foods and beverages, and adding nutritional value to foods that attract consumers and contribute to market growth.
Increasing Government Regulation on Food Manufacturers: The main constraints on the growth of the food processing raw material market are increased regulation of the manufacture and use of food processing raw materials and variable fraud related to food behavior.
Global Food Processing Ingredients Market Segment Analysis:
The global food processing ingredients market is segmented into type, form and application respectively.
On the basis of type, The global food processing ingredients market is sub-segmented into Modified starch & starch derivatives, Protein, Food Stabilizers, Emulsifiers, Yeast, Enzymes, Acidity regulators, Antioxidants, Release agents.
The Modified starch & starch derivatives segment held a large share of xx% in 2019, owing to the upsurge in population, its usage in cream fillings, canned products, sauces and soup mixes. In many food products, these ingredients are utilised as thickeners and stabilisers. The ample availability of raw materials such as corn and wheat has aided this segment's market expansion.
The yeast segment of the food processing ingredients market is expected to grow at the fastest rate, owing to rising consumer demand for newer wine flavours and technological advancements in the wine industry, which has increased the importance of yeast in food processing ingredients and that helps for driving the growth of the market.
Global Food Processing Ingredients Market 1
On the basis of form, the global food processing ingredients market is sub-segmented into Dry and liquid.
The dry food processing segment held the largest share of xx% in 2019. The demand for the dry segment is increasing due to its better stabilisation and ease of handling in food processing processes, easy handling, minimal thermal damage of ingredients in their dry forms and improved stability in food processing techniques. Dry handling components suffer only minor heat degradation.
On the basis of application, the global food processing ingredients market is sub-segmented into bakery & confectionery products, Beverages, Convenience foods, Dairy & frozen desserts, Others.
The bakery & confectionery segment held more than 36 % share of the total industry in 2019. The demand of bakery and confectionery segment is increasing due to mounting demand for nutritious food, easy availability of products, low cost, variety of flavors, texture benefits, changing lifestyle and increasing demand for fast food, and leading to an extensive rise in import and export of food ingredients globally.
The dairy & frozen dessert is the second dominant segment with a CAGR of 9.2 % during the forecasting period 2021-2027. Butter demand is growing at a quick rate of roughly 5.8% in the United States, and it is expected to continue to grow during the forecast period.
Global Food Processing Ingredients Market 2Global Food Processing Ingredients Market Regional Insights:
North America has the largest market share in the food processing raw material market. The busy lifestyles of consumers in the region drive high demand for ready-to-eat and processed foods. The food industry in countries such as the United States and Canada is expected to contribute to the development of the industry. The shift in consumer preference for natural food processing ingredients products is expected to provide opportunities for the growth of the food processing ingredients market. Due to population growth and increased disposable income, it is estimated that the Asia Pacific (APAC) region will grow at a higher compound annual growth rate. The improvement of living standards and health benefits of food processing raw materials is expected to drive the growth of the food processing raw materials market.
Global Food Processing Ingredients Market 3
The objective of the report is to present a comprehensive analysis of the global Food Processing Ingredients market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Food Processing Ingredients market dynamics, structure by analyzing the market segments and projects the global Food Processing Ingredients market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Food Processing Ingredients market make the report investor’s guide.
Global Food Processing Ingredients Market Scope:Inquire before buying
Global Food Processing Ingredients Market 4
Global Food Processing Ingredients Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Food Processing Ingredients Market Key Players
• DSM
• CHR. Hansen
• Ashland
• Arla Foods
• Glanbia
• KB Ingredients
• Kemin
• Associated British Foods plc
• Cargill
• Hansen Holding A/S
• Nemours and Company
• Ingredion Incorporated
• Kerry Group plc
• Koninklijke DSM N.V.,
• Tate & Lyle PLC
• Archer Daniels Midland
Frequently Asked Questions:
1. Which region has the largest share in the Global Food Processing Ingredients Market?
Ans: Asia Pacific region holds the highest share in 2019.
2. What is the growth rate of the Global Food Processing Ingredients Market?
Ans: The Global Food Processing Ingredients Market is growing at a CAGR of 5.8 % during the forecasting period 2021-2027.
3. What segments are covered in the Global Food Processing Ingredients market?
Ans: Global Food Processing Ingredients market is segmented into Type, form, application, form and region.
4. Who are the key players in the Global Food Processing Ingredients market?
Ans: The important key players in the Global Food Processing Ingredients market are DSM, CHR. Hansen, Ashland, Arla Foods, Glanbia, KB Ingredients, Kemin, Associated British Foods plc, Cargill, Hansen Holding A/S, Nemours and Company, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Tate & Lyle PLC, Archer Daniels Midland.
5. What is the study period of the Global Food Processing Ingredients Market?
Ans: The Global Food Processing Ingredients market is studied from 2019 to 2027.
For More Information Visit @:
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
