About Food Ingredients
Health concerns have continued to grow around the globe and consumers are looking forward to changing their diet for more natural and nutrient-rich food and beverages. In this, food ingredients play a vital role. Food ingredients are additives for which are added for functioning in food, which maintains or improves freshness & safety, nutritional value, taste, texture, and appearance. There are two types of food additives direct and indirect. In direct food, additives are used in foods to impart specific technological or functional qualities. Whereas, Indirect additives are not intentionally added to food, but maybe present in trace amounts as a result of processing, packaging, shipping or storage.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Food Ingredients market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Food Ingredients market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), Archer Daniels Midland (United States), DuPont (United States), Associated British Foods (United Kingdom), BASF (Germany), Kerry Group (Ireland), DSM (Netherland), Tate & Lyle (United Kingdom), Symrise (Germany), International Flavors & Fragrances (United States) and Döhler (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Food Ingredients market by Type (Taste Enhancers, Form, Texture, Preservation and Coloring), Application (Dairy, Beverage, Bakery & confectionery, Snacks & savory and Meat products) and Region.
On the basis of geography, the market of Food Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Food Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Clean Label Products in Developed Economies and Increasing Trends in Functional Flavors
Market Growth Drivers:
Development of High-Efficiency Equipment for Mixing Integrated Food Ingredients by Key Market Players
Challenges:
Complexities Related to the Integration and Adulteration of Integrated Food Ingredients
Restraints:
Food Safety Concerns & Regulations
Market Leaders and their expansionary development strategies
In October 2023, Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, announced the signing of an agreement to acquire J&K Ingredients, Inc. (“J&K” or the “Company”). Currently owned by CORE Industrial Partners (“CORE”), J&K is a market leading manufacturer and supplier of food and beverage ingredients with an emphasis on natural, organic, and clean label products. Terms of the deal were not disclosed. The transaction is expected to close before the end of the year.
In November 2023, magnesium producer Nedmag launched a new brand and a new product. The new product Magnesium Chloride Food Grade Crystals is part of the new brand Pure Health & Earth. With this product Nedmag intends to actively contribute with a solution to the World Health Organization’s call to consume less sodium.
Key Target Audience
Food Ingredient Manufacturers, Regulatory Bodies, Suppliers/Distributors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.