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Food processing ingredients are used to preserve, flavour, blend, thicken and colour foods, and played a key role in reducing serious nutritional deficiencies among consumers. These ingredients also help ensure the availability of flavourful, nutritious, safe, convenient, colourful and affordable foods that meet consumer expectations. It performs a variety of useful functions in foods which includes, maintaining the safety and freshness of the food, maintain nutritional value and improve taste, texture & appearance of the food.
Food processing ingredients market is primarily driven by rising adoption of convenient food, increasing awareness regarding food-borne diseases among consumers and growth trend in alcoholic beverage consumption. Furthermore, increasing awareness regarding additional health benefits of food processing ingredients, among consumers is likely to boost the market. However, implementation of strict government regulations and standards and lengthy procedure of approval before the commercial introduction of products may hinder the growth of food processing ingredients market during forecast period.
The study analyses the global food processing ingredient market by product type, source, form, application and geography.
The report analyses the food processing ingredients market based on product type into modified starch, proteins, enzymes, yeast, antioxidants, emulsifiers, acidity regulators, vegetable oils & fats and others. Others includes functional ingredients, flavours, colours, etc. Modified starch segment is likely to dominate the market over the forecast period. The increase in population, rise in demand for processed food products and abundant availability of raw materials such as corn and wheat fuel the market growth for the segment. However, the yeast market is projected to grow at a rapid pace during the forecast period owing to significant growth in the bakery and beverage industries.
Natural and synthetic are the two sources of food processing ingredients. Natural food processing ingredients segment is likely to hold majority of the food processing ingredient market share. Factors such as increasing consumer preferences for healthy and awareness regarding food-borne diseases among consumers are fueling the growth of the market.
Food processing ingredients are accessible to the customers in dry and liquid form. The dry segment is likely to dominate the market and is projected to grow at a faster pace during the forecast period. Easy availability and ease of handling are the major characteristic propelling the growth of the dry form segment in the food processing ingredients market.
The market finds application in food & beverages, bakery & confectionery products, dairy & frozen desserts, convenience foods and other. Others includes ready to eat, meat, etc. The bakery & confectionery products segment is likely to contribute majorly to the food processing ingredients market. Moreover, the segment is anticipated to maintain its dominance throughout the forecast period, followed by food & beverage owing to increasing trade activities in the food and beverages sector across various economies, leading to an extensive rise in import and export of food ingredients globally.
Geographically, the market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. Europe is projected to hold a significant market share for the Food Processing Ingredients as it is an already established market globally. Furthermore, Asia Pacific is projected to be the fastest-growing market during the forecast period owing to Improved lifestyles and changing consumer perceptions of the consumers in the developing countries.
Koninklijke DSM, Ingredion, Kerry Group, Cargill, Archer Daniels Midland, Angel Yeast, Fonterra, Givaudan, Glanbia, DuPont, Tate & Lyle, Arla Foods and among others are the major players active in the Food Processing Ingredients market.
The study analyses the global food processing ingredient market by product type, source, form, application and geography. The report analyses the food processing ingredients market based on product type into modified starch, proteins, enzymes, yeast, antioxidants, emulsifiers, acidity regulators, vegetable oils & fats and others. Natural and synthetic are the two sources of food processing ingredients. Natural food processing ingredients segment is likely to hold majority of the food processing ingredient market share. Food processing ingredients are accessible to the customers in dry and liquid form. The dry segment is likely to dominate the market and is projected to grow at a faster pace during the forecast period. The market finds application in food & beverages, bakery & confectionery products, dairy & frozen desserts, convenience foods and others. Geographically, the market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World.
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