Bulk Food Ingredients Market

Bulk Food Ingredients Market is segmented by Primary Processed Type, Secondary Processed Type, Application (Food, Beverages), Distribution Channel (Direct From Manufacturers, Distributors), and Region.

  • Report ID : MD2795
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  • Pages : 220
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  • Tables : 70
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  • Formats :

The Bulk Food Ingredients Market is approximated at USD 808.9 billion in 2021 and is expected to grow at a 4.5% CAGR reaching a market size value of USD 1,048 billion by 2028.

Bulk Food Ingredients are commonly seen in processed and ready to eat foods such as beverages, biscuits, confectionery items, artificial sweeteners, table sugars, coffee and tea extracts, nuts and seeds, spices and herbs, dried fruits, dehydrated vegetables, wheat, rice and the likes. These are considered food components that are utilized in packaged and processed foods. The growth of the market is mainly attributed to, the increasing growth in the packaged food and beverage industry, end-use applications demandability, low cost packaging that has environmental and economic profit, and demand for processed products are high.

Growth, Trend and Market Dynamics

Due to the changing lifestyles and consumer preferences, the consumer food sector has exponentially grown. Factors like urbanization, disposable income, and better lifestyle makes packaged food market globally grow. In developed countries, packaged food products are no longer preserved. Consumer nowadays prefer a packaged food product on the go without the hassle of cooking from scratch. Having hectic lifestyles has impacted consumer preference and changed trends that made companies capitalize on that demand. As per the Associated Chambers of Commerce and Industry of India (ASSOCHAM), price hike of vegetables caused consumers to choose quick fix solutions such as purchasing packaged food products since it is inexpensive and convenient. Package food products sales increased from 20% to 25% in 2020. Exponential growth can also be seen in emerging markets due to the increasing number of geriatric population and higher demand for food products.

Challenges in the Market

One of the restraints pulling back the growth of bulk food ingredients market are, processors and wholesalers are demanded to maximize their spaces, manage different storages at different temperatures, move to a higher turnover of stock and still maintaining higher grade of hygiene and traceability of their products.

COVID-19 Impact on the Bulk Foods Ingredients Market

Many industries will have to adapt and adopt the changes that will be imposed upon them by their governments. A major pull back on the growth of the market is the disruption of supply chain since manufacturing and distribution of key players or companies are being limited, if not, controlled by governments by imposing lock downs and halting travels across borders.

Challenged by the disruption in raw material supplies, it negatively affected manufacturers because travel, transport of raw materials, facility operations, and non-essential trade has been put off in many countries. This in turn affected production, causing fewer volume of product sales. Another repercussion is the anticipation of the possible non-availability and high-costs of materials due to the affected individuals providing workforce in the operations facilities. Millions of people are inflicted with the COVID-19 virus, thus making them vulnerable and unable to provide labor support in the bulk foods products industry.

Key Findings in the Bulk Food Ingredients Market

In terms of Primary processed bulk food ingredients type, herbs and spices segment is expected to grow at the highest CAGR in 2021-2028. Included in this segment are, capsicum, pepper, cloves, cardamom, cinnamon, ginger, coriander, nutmeg & mace, bay leaves, basil, and oregano. The growth is mainly attributed to the high demand in beverages, frozen foods and meat products applications as well as increase in the consumption of processed food products.

During the forecast period, the ready meals sub-segment is expected to grow at the highest CAGR due to rise in disposable incomes and higher populations especially in developing countries such as China, India, and Brazil.

Regional Market Analysis

In terms of region segment, Asia Pacific is expected to have the largest market share accounted for in 2021. The growth is is mainly because of the high consumption of convenience food, change in lifestyles, and higher disposable incomes. The key markets in said region include China, India, Japan, and Australia.

Key Players: Share and Competition

The major key players in this market who have a strong product portfolio and an extensive assessment of the, market landscape are, Tate & Lyle PLC (UK), Archer Daniels Midland Company (US), DuPont (US), Olam International (Singapore), Cargill, Incorporated (US), Ingredion Incorporated (US), Associated British Foods plc (UK), EHL Ingredients (UK), DMH Ingredients, Inc. (US), and Community Foods Limited (UK). Some of the other players include McCormick & Company, Inc. (US), The Source Bulk Foods (Australia), Essex Food Ingredients (US), The Green Labs LLC (US), Ingredients Inc. (US), GCL Food Ingredients (UK), Pure Ingredients (Dublin), and Organic Partners International, LLC (US).

Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown

Primary processed bulk food ingredients:

Type Analysis (Revenue, USD Million, 2021 - 2028)

• Grains, pulses, and cereals
• Tea, coffee, and cocoa
• Nuts
• herbs & spices
• Oilseeds
• Sugar
• Salt
• Other types (dried vegetables and citric acid)

Secondary processed bulk food ingredients:

Type Analysis (Revenue, USD Million, 2021 - 2028)

• Processed grains, pulses, and cereals
• Vegetable oil
• Tea, coffee, and cocoa
• Dry fruits & processed nuts
• Flours
• Sugar & sweeteners
• Processed herbs & spices
• Sea salt
• Other types (dried vegetables and citric acid)

Application Analysis (Revenue, USD Million, 2021 - 2028)

• Food
• Bakery products
• Snacks & spreads
• Ready meals
• Confectionery products
• Other food applications (dairy products and infant formula)
• Beverages
• Alcoholic beverages
• Non-alcoholic beverages
• Hot beverages
• Cold beverages

Distribution Channel Analysis (Revenue, USD Million, 2021 - 2028)

• Direct from manufacturers
• Distributors

Region Analysis (Revenue, USD Million, 2020 – 2028)

• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• UAE
• Qatar
• Saudi Arabia
• Japan
• Africa
• Rest of World

Available Versions:

• United States Bulk Food Ingredients Market Industry Research Report
• Europe Bulk Food Ingredients Market Industry Research Report
• Asia Pacific Bulk Food Ingredients Market Industry Research Report

 

 

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