Bulk Food Ingredients Market Size, Industry Analysis Report By Application (Food and Beverages, Snacks and Spreads, Ready Meals, Confectionery Products, Bakery Products) & Region – Forecast

  • 14/11/2022
  • 210
  • Food & Beverages
Bulk Food Ingredients Market: Overview

The global bulk food ingredients market size was valued at USD 303.55 billion in 2022 and is and is expected to expand at a compound annual growth rate (CAGR) of 4.9% over the forecast period. Food ingredients used in processed foods, packaged foods, and ready-to-eat foods are referred to as bulk food ingredients. Foods including biscuits, chocolates, beverages, and confectionery goods were made using bulk food ingredients as the primary ingredient. Bulk food ingredients include things like nuts, spices, groceries, chocolates, and drinks. Both processed and unprocessed forms of bulk food ingredients can be found. Due to people's busy lifestyles all over the world, the demand and necessity for ready-to-eat foods, frozen goods, and other healthier food options have been steadily rising, especially in recent years. Over the following ten years, it is anticipated that this important factor will continue to fuel the worldwide bulk food ingredients market's revenue growth. Further, some of the other significant factors that are anticipated to have an impact on the possibility for future market expansion for this international business are the exponential rise in fast food consumption levels, as well as the rising number of fast food restaurants and in-store bakeries.

Bulk Food Ingredients Market - Growth Factors
Over the upcoming years, the market for bulk food ingredients is anticipated to be driven by the expanding human population around the world and the continuously evolving lifestyle. Another important aspect driving the market's growth is the rise in the population of working women and rising disposable incomes. Additionally, it is anticipated that the market would be supported in the coming years by rising urbanization, advances in manufacturing process technology, and the expansion of the convenience food sector. There are some limitations and difficulties that may prevent the market from expanding. Market limitations are likely to be caused by things like the storage facility's insufficiency, the risk of contamination as a result of the availability of bulk materials, and extremely volatile prices.

Bulk Food Ingredients Market – Market Trends
• Particularly in developed countries, the shift in consumer choice from artificial and pre-packaged foods to organic, natural, and basic components is projected to positively impact market demand.

• The majority of commodity/bulk components are finished goods, such as flours and oils, which are sold in large volumes but provide little value to the finished product. These goods are purchased from the wholesaler in large or bulk quantities and delivered to convenience & retail stores.

Bulk Food Ingredients Market – Segmentation
The Bulk Food Ingredients Market by Type is categorized into:
Primary Processed
• Grains, pulses, and cereals
• Herbs & spices
• Sugar
• Tea, Coffee, and Cocoa
• Others
• Secondary Processed
• Vegetable Oil
• Processed Herbs & Spices
• Processed Grains, Pulses, and Cereals
• Dried Fruits and Processed Nuts
• Others

The Bulk Food Ingredients by Application are classified into:
• Food and Beverages
• Snacks and Spreads
• Ready Meals
• Confectionery Products
• Bakery Products

The Bulk Food Ingredients Market –Regional Analysis
The world market for bulk food ingredients is dominated by Asia-Pacific. The amount of money invested in industrialized nations to increase beverage nutrition is skyrocketing. The biggest players in different regions are implementing a variety of strategies, like launching new items to meet consumer demand, which is causing product demand to increase. China's economic performance is advantageous for regional growth because of significant investments in science and technology. Due to problems like economic inequality and urbanization, among others, the food and beverage business in China is set to experience substantial changes.

The Bulk Food Ingredients Market – Key Market players
The major players in the market are:
• Cargill Incorporated (US)
• BASF SE (Germany)
• DSM (Netherlands)
• Orkla (Norway)
• Croda International Plc (UK)
• Lonza. (Switzerland)
• Corbion (Netherlands)
• GC Rieber (India)
• Epax (Norway)
• Runke Bioengineering (China)
• Nordic Naturals, Inc. (US)
• Sinomega Biotech Engineering Co. Ltd. (China)
• Polaris (US)
• Huatai Biopharm (China)
• Biosearch Life (Spain)

Report scope
Global Bulk Food Ingredients Market: Historical Years- 2018-2021
Global Bulk Food Ingredients Market: Forecast Years- 2022-2030
Global Bulk Food Ingredients Market 2022- USD 303.55 billion
Global Bulk Food Ingredients Market CAGR- 4.9%

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process

We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Select a license type that suits your business needs

Single User Access

US $4750

Only Four Thousand Seven Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $5750

Only Five Thousand Seven Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $7750

Only Seven Thousand Seven Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI