Bulk Food Ingredients Market Size, Industry Analysis Report By Application (Food and Beverages, Snacks and Spreads, Ready Meals, Confectionery Products, Bakery Products) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 210
- CATEGORY
- Food & Beverages
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)
• ALGISYS LLC (US)
• 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%
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