Market Size – USD 47.93 Billion in 2020, Market Growth - CAGR of 5.8%, Market Trends – boost to demand natural processing ingredients, growing opportunities in developing economies

According to the current analysis of Reports and Data, the global Food Processing Ingredients market was valued at USD 47.93 Billion in 2020 and is expected to reach USD 75.56 Billion by 2028, at a CAGR of 5.8%. Food processing ingredients have always been a core part of the industry because of their widespread application in various foods. However, the growing health dimension in the use of processed items is boosting industry growth. Food processing is done for a variety of purposes, such as to ensure safety, maintain quality and also to extend the shelf life of products. The mechanism undertaken at various stages. Primary food processing helps in the conversion of agricultural raw materials into consumables. However, more complex processing mechanisms used for more advanced purposes, and they make use of high-quality ingredients for the same. A shift in consumer behaviour towards safety has been driving the industry. Consumers are becoming responsive regarding the sourcing and production process taken up by them.

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Companies considered and profiled in the market report

Tate & Lyle PLC, Kerry Group, Cargill, Ingredion Incorporated, Archer Daniels Midland Company, Dupont, Associated British Foods PLC, Arla Foods, Ashland Global Holdings Inc., and Nexira. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

Further key findings from the report suggest-

• By form, the dry form segment hold a larger share in the industry. The growth of the segment, however, is slowing down due to improvements in the liquid ingredients.
• By source, natural sources account for the dominant share in the market because of increasingly strict mechanisms in various countries and increasing consumer preference for natural sources.
• By ingredient type, the protein segment holds a significant share globally because protein enrichment has always been an integral part of the industry. Rising consumer health awareness will growth future.
• Yeast is expected to become the fastest-growing food processing ingredient during the forecast period on account of full application in the confectionery and beverage segments, both of which are observing a high pace of growth.
• The food processing ingredients industry has often been under the scanner for the manufacture of harmful ingredients such as Sodium Nitrates, MSG, Artificial Sweeteners, etc. that are known to harm the body.
• By region, Europe is the largest market for the industry. The surging demand for processed foods along with increasing focus on nutrition is leading to many innovations in the industry.

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For the purpose of this study, Reports and Data have segmented the Food Processing Ingredients market on the basis of type, form, source, application, and region:

Type (Revenue, USD Million; 2018–2028)

• Modified Starch & Starch Derivatives
• Proteins
• Food Stabilizers
• Yeast
• Emulsifiers
• Enzymes
• Acidity Regulators
• Antioxidants
• Release Agents

Form (Revenue, USD Million; 2018–2028)

• Dry Ingredients
• Liquid Ingredients

Source (Revenue, USD Million; 2018–2028)

• Natural
• Synthetic

Application (Revenue, USD Million; 2018–2028)

• Bakery and Confectionery Products
• Convenience Foods
• Dairy and Frozen Desserts
• Beverages
• Other Applications

Regional Outlook (Revenue in USD Million; 2018–2028)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of the Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• Middle East and Africa
• Latin America
  • Brazil

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Radical Features of the Food Processing Ingredients Market Report:

• Valuable insights into the Food Processing Ingredients market to impart an in-depth understanding of the business verticle
• An 8-year forecast estimation along with an analysis of key elements of the market
• Technological advancements, regulatory framework, and recent developments covered in the report
• Growth analysis and projections until 2027
• Statistical analysis of the key players operating in the Food Processing Ingredients industry

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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