Global Food Bulking Agents Market Report and Forecast 2024-2032

Global Food Bulking Agents Market Outlook

The global food bulking agents market size attained a value of USD 3.53 billion in 2023. The market is further expected to grow at a CAGR of 5.30% between 2024 and 2032, to reach a value of USD 5.57 billion in 2032.

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Key Trends in the Market

A food bulking agent is defined as a food additive which is used to increase the weight or volume of a food product without changing its flavour while also maintaining the original functionality and utility of the food item. However, some food bulking agents can also aid in improving the flavour of the food product. Food bulking agents are typically dietary fibres that do not have any calories. 

• The growing expansion of the food and beverage sector, supported by the rising disposable income, rapid urbanisation, and growing popularity of variety of cuisines is driving the food bulking agents market growth.

• Rapid development of restaurants, hotels, and fast-food roadside outlets is further fuelling the demand for food bulking agents. In addition, these products are easily accessible which is further generating their demand in the retail sector.

• The thriving ecommerce sector, coupled with the rising purchasing power of the urban population is propelling the sale of bakery and confectionery, snacks, and dairy products, among others, leading to an increased demand for food processing.

• Growing research and innovations by the major food manufacturers aimed towards producing high-quality clean-labelled meat and poultry products are the crucial food bulking agents market trends which are increasing the application of flavours, enhancers, and sweeteners, among others.

Market Analysis

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Based on product, the market is segmented into flavours and enhancers, antioxidants, anticaking agents, emulsifiers, acids, sweeteners, stabilisers, and humectants, among others. On the basis of application, the market is classified into bakery and confectionary, snacks, dairy and frozen products, meat, poultry and seafood products, and beverages, among others. By end-use, the market is categorised into food processing sector, HoReCa, and retail. The regional markets for food bulking agents can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.  

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global food bulking agents market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• The Archer-Daniels-Midland Company

• Ajinomoto Co., Inc.

• Kerry Group plc

• Firmenich SA

• Associated British Foods plc

• BASF SE

• Cargill, Incorporated

• International Flavors & Fragrances Inc.

• Koninklijke DSM N.V.

• Givaudan

• Others

Market Share by Product

The flavours and enhancers segment, based on product, accounts for a healthy portion of the food bulking agents market share. Flavours and enhancers enhance the taste profile of food products making them richer and more appealing. With the growing consumer preference for foods that are flavourful, the demand for flavours and enhancers is expected to increase in the coming years. Meanwhile, the anticaking agents segment is expected to witness a steady growth in the market for food bulking agents. This can be attributed to the fact that anticaking agents prevent formation of lumps in dry foods, enabling easier shipment across longer distances. The increasing use of staple dry goods such as flours is likely to increase the use of anticaking agents. 

Market Share by Application

Based on application, the bakery and confectionary segment accounts for a significant share in the food bulking agents market. Food bulking agents, such as polydextrose, inulin, FOS, resistant starch, and maltodextrins, are used in bakery and confectionery products to increase their shelf-life and improve the texture, which enhance the quality of the products and facilitates shipping across farther distances. In this regard, the increasing demand for bakery and confectionery products is propelling the application of food bulking agents.

The demand for dairy frozen products from both household and commercial sectors is expected to witness a steady growth in the forecast period as more consumers opt for easy and quick to prepare food items. Hence, food bulking agents are anticipated get incorporated in these products, influencing the food bulking agents market price.

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Competitive Landscape

The Archer-Daniels-Midland Company is a leading food processing company which specialises in human nutrition, animal nutrition, and industrial bio-solutions. The company is one of the world’s premier agriculture origination companies which caters to the diverse demands of the food and beverage, and health and wellness sectors. The Archer-Daniels-Midland Company was founded in 1902 with headquarters in Illinois, United State. 

Ajinomoto Co., Inc. is a renowned food and biotechnology company which produces seasonings, frozen foods, beverages, sweeteners, and amino acids, among others. This company also develops components for semiconductor packages used in personal computers. It was founded in the year 1909 and is headquartered in Tokyo in Japan. 

Kerry Group plc is a food producing company which produces high-quality cheese, and also offers nutritional food and beverage solutions that also have applications in the pharmaceutical sector. The research and development expertise of this company are focussed in the field of food safety, consumer rights and manufacturing. Kerry Group was established in 1972 and is based out of Listowel, Ireland.

Other market players include Firmenich SA, Associated British Foods plc, BASF SE, Cargill, Incorporated, International Flavors & Fragrances Inc., Koninklijke DSM N.V., and Givaudan, among others.

Key Highlights of the Report