Global Food Processing Ingredient Market To Grow At A CAGR of 5.9% During The Forecast Period

The global food processing ingredient market was worth around USD 48.12 billion in 2021 and is estimated to grow to about USD 76.23 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period

Food processing ingredients are ingredient products derived from minimally processed food by processes like refining, milling, pressing, or grinding. These products are not consumed directly but are used to prepare minimally processed food items. Some examples of food processing ingredients are kinds of pasta created from whole grains or different oil prepared from seeds, plants, or nuts.

Not only do the food processing ingredients help uplift the taste of the food items but assist in maintaining the color, texture, and nutritional value of the final food product.

Covid-19 had relatively no impact on the global food processing ingredient market because of the large-scale availability of the products in the market. These products are available in local stores as well which were operational during Covid-19 restrictions. However, the accessibility to the stores was reduced thus causing a little disruption at the beginning of Covid-19 however the market has extreme growth potential in the coming years.

Technological advancements in the food sector like reverse osmosis or spinning cone columns are expected to propel the global market growth during the forecast period. With global modernization, the average lifestyle of the population is evolving. With busy schedules, consumers are now more open to accepting ready-to-eat food items in their diet. Along with this, even though food processing ingredients may be high priced in certain parts, the growing disposable income in developed as well as developing economies has enabled the consumer to spend on these ingredients which is a major contributing factor in the global food processing ingredient market growth. A rising trend in the preference for processed food items is witnessed across the globe. Processed food makers are one of the largest consumers of food processing ingredients, thus aiding the global market expansion. However, there is also a segment of the population that has a higher demand for organic or chemical-free food items. This has increased the mergers or tie-ups between businesses which when coupled with rising investments across the food and beverage sector may assist in pushing the global market expansion.

The volatile cost of raw materials may impede the growth of the global market while the rise in the introduction of significant manufacturing capabilities is expected to generate key opportunities for global market growth. Low penetration in low-income countries is likely to act as a challenge for global market development.

The global food processing ingredient market is segregated based on ingredient, nature, end-use, application, and region. Based on the ingredient, the global market is categorized into antioxidants, proteins, vitamins, minerals, sweeteners, coloring agents, and enzymes. The nature segment is classified into natural/organic and synthetic. The end-use of the food processing ingredient market are emulsifiers, stabilizers, thickeners, leavening agents, and texturizers. The application segment is divided into meat & seafood products, dairy products, bakery & confectionery, beverages, cereal products, and others.

Europe is anticipated to lead the global food processing ingredient market owing to changing preferences toward healthy food items. Growth in the urban population in addition or rising spending capacity along with the presence of multiple food processing ingredient manufacturers is anticipated to aid the regional growth.

Asia-Pacific is expected to register faster growth during the projection period because of the growing population and increasing demand for ready-to-eat food items because of changes in lifestyle and hectic work culture. The high expansion rate of retailers coupled with the extensive availability of raw materials required to produce these ingredients in economies like China and India is expected to propel regional growth.

Some of the prominent players that are operating in the global food processing ingredient market include Kerry Group, Cargill, Inc., E. I. Du Pont De Nemours and Company, Arla Foods amba, Corbion N.V., Koninklijke DSM N.V., Dairy Crest Group PLC, Ingredion, Archer Daniels Midland Company, and Tate & Lyle Public Limited Company.

Recent Developments

• In March 2022, Corbion, a Dutch ingredients company, collaborated with Nestlé to create microalgae-based ingredients that will improve the flavor, sustainability, and nutrition of Nestlé’s booming plant-based portfolio. With vegan drinks, plant-based fish, and meat alternatives gaining momentum with customers, Nestlé has emerged as a pioneer in the plant-based industry. This microalgae alliance will improve the nutritional value of all of these food products.

Browse the full “Food Processing Ingredient Market By Ingredient (Antioxidants, Proteins, Vitamins, Minerals, Sweeteners, Coloring Agents, And Enzymes), Nature (Natural/Organic And Synthetic), End-Use (Emulsifiers, Stabilizers, Thickeners, Leavening Agents, And Texturizers), Application (Meat And Sea Food Products, Dairy Products, Bakery And Confectionary, Beverages, Cereal Products, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/food-processing-ingredient-market

Global food processing ingredient market is segmented as follows:

By Ingredient

• Minerals
• Vitamins
• Proteins
• Antioxidants
• Enzymes
• Coloring Agents
• Sweeteners

By Nature

• Synthetic
• Natural/Organic

By End Use

• Thickeners
• Stabilizers
• Emulsifiers
• Texturizers
• Leavening Agents

By Application

• Bakery and Confectionary
• Dairy Products
• Meat and Sea Food Products
• Cereal Products
• Beverages
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com