Global Bulk Food Ingredients Market to Grow at a CAGR of 4.5% During the Period 2024-2032, Driven by Growing Demand for Organic and Clean Label

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. 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. North America, Europe and Asia are expected to be key markets. Asia is expected to be a significant growth region during the forecast period, with China and India being key countries.

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Key Developments and News

In 2018, it was reported that Gillco Ingredients entered into a distribution agreement with Cargill’s Food Ingredients & Bioindustrial business in USA. Gillco, a key countrywide distributor for Cargill’s cocoa, chocolate, erythritol, chicory root fibre, trehalose, isomalt, and stevia products, would be able to access a wider range of ingredients including Cargill’s sweeteners, starches, texturizing solutions, and edible oils businesses.

In 2021, it was reported that Cargill perceived India to be a major growth region in the following decade. According to the company, Asia would be a key growth region in the next decade with India and China being “growth-centric” regions. 

In 2021, olam food ingredients (“ofi”) revealed its new brand; the identity tapped into themes and colours reflecting ofi’s capability to innovate in all of its business areas to ensure more growth and bearing for customers. The new brand underscored ofi’s focus and thrust as the company shook the market with new thought and ingredients that assisted food and beverage companies in fulfilling rising consumer demand for healthy, natural, and sustainably obtained coffee, cocoa, nuts, dairy, and spices products.

Key Findings of the Report

• The global bulk food ingredients market is expected to be driven by rising demand for healthy food ingredients. 

• Asia is likely to be a significant growth region. 

• Asia, North America and Europe are projected to be key markets.    

Market Analysis by Type, Application and Region 

• By type, the market is divided into Primary Processed and Secondary Processed.

• By application, the market is classified into Food (further broken down by type into Bakery Products, Snacks and Spreads, Ready Meals, Confectionery Products, and Others) and Beverages (further broken down by type into Alcoholic Beverages, Non-Alcoholic Beverages, and Others).

• By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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