Food Ingredients Market
Research Insights:
Changing lifestyles and the soaring demand for processed foods fuel the global market growth
Food ingredients play an integral role in the preparation of a variety of food items. Food ingredients are substances added to food to make it nutritious, flavorful, and delicious to taste. Food Ingredients are used in bakery products, beverages, confectionery, sauces and condiments, frozen processed foods, savory snacks, and dairy products. Food ingredients refer to food additives that are added to food items during food processing, packaging, or storage for specific functional purposes and food safety. They further help in nutrition delivery, maintain the quality and freshness of food products, prevent spoilage during transport, and extend food shelf-life. The most commonly used food ingredients include preservatives, flavor enhancers, spices, color additives, sweeteners, emulsifiers, stabilizers, enzymes, thickeners, fat replacers, anti-caking agents, and dough strengtheners. International food regulatory authorities like the U.S. Food and Drug Administration (FDA) strictly monitor the manufacture of these food ingredients.
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The global Food Ingredients Market has gained immense traction over the past decade, owing to a slew of favorable factors. Rapid globalization and increasing trade activities among countries across the globe, the expanding food & beverage industry, surging demand for high-quality food with extended shelf-life, growing import and export of food ingredients, significant demand for snacks and ready-to-eat packaged foods, increasing purchasing power, and the expanding women workforce are the key parameters fueling the growth of this market. Specialty and functional food ingredients are substances added to foods to enhance their functionality and nutritional value, making the food healthier and more wholesome. Functional foods and beverages are fortified with specialty ingredients, such as prebiotics, probiotics, stanols, and sterols, which are beneficial to gut health and help lower cholesterol. Therefore, the rising awareness about the health benefits of functional foods, the growing demand for functional foods among health-oriented consumers, the surging prevalence of lifestyle diseases like obesity, changing food preferences, and improving living standards are the other significant factors conducive to market expansion.
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The global food ingredients market is concentrated in the North American region. The North American food ingredients market is predicted to accrue the greatest market share in the upcoming years, owing to the escalating consumer demand for processed and packaged foods due to busy lifestyles, burgeoning demand for functional foods due to rising health concerns, surging prevalence of obesity and cardiovascular diseases, and the growing use of functional food ingredients in dairy products, infant formulas, and energy drinks and bars. AngelYeast Co., Ltd., DowDuPont, Arla Foods, Archer Daniels Midland Company, Associated Milk Producers, Inc., Cargill, Inc., Fonterra Co-operative Group Limited, Tate & Lyle, Bunge Limited, Glanbia Plc, Koninklijke DSM N.V., Ingredion Incorporated, Givaudan SA, and Kerry Group Plc are among the largest manufacturers in the global food ingredients market. In January 2020, Arla Foods, the globally renowned Denmark-based dairy company, launched its new innovation center for its food ingredients business in Nr. Vium (Denmark). According to the company, the new establishment aims to meet the global demand for specialized food products and ingredients. Furthermore, the leading American food ingredients manufacturer, Ingredion Incorporated, introduced its all-new high-performance emulsifier, called TICALOID Acacia MAX, in October 2020. The new emulsifier stabilizes emulsions at high oil loads while enhancing the shelf-life and maintaining the flavors and colors of foods and beverages.
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