According to the report by Expert Market Research (EMR), the Global Bulk Food Ingredients Market Size is projected to grow at a CAGR of 4.5% between 2023 and 2028. Aided by the rising demand for nutritious food products and the growing usage of bulk food ingredients in an array of industries, the market is expected to grow significantly by 2028.
Bulk food ingredients, also known as whole food ingredients, are food components that are used in large quantities in food processing and manufacturing. These ingredients are commonly used in the production of various food products, such as snacks and convenience foods, beverages, bakery items, confectioneries, and more. Bulk food ingredients include grains and seeds, herbs and spices, nuts and dried fruits, among others. They play a crucial role in enhancing food quality, taste, texture, and nutritional value.
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The growing global demand for healthy, nutritious food is a significant driver for the bulk food ingredients market growth. As consumers become increasingly health-conscious, there is a notable shift towards diets rich in natural, whole foods, prompting a surge in the demand for products made with bulk food ingredients. The rising trend of health and wellness is further reinforcing the demand, as these ingredients are essential in a variety of health foods and dietary supplements consumed by health and fitness enthusiasts.
The expanding application scope of bulk food ingredients across different industries is another key factor propelling the bulk food ingredients market demand. In the bakery and confectionery sector, these ingredients are used to add texture, enhance taste, and improve nutritional content. Similarly, in the beverage industry, bulk food ingredients are used to enhance flavour and provide essential nutrients. The increasing consumer preference for natural, organic beverages is further boosting the demand for these ingredients.
Moreover, the surging demand for convenience foods and ready-to-eat meals is another key driver of the bulk food ingredients market. With busy lifestyles and changing dietary patterns, consumers are increasingly relying on quick, easy-to-prepare food options. Bulk food ingredients are extensively used in the production of these convenience foods, thus fuelling market growth.
Another trend bolstering the bulk food ingredients market expansion is the rising demand for plant-based and vegan alternatives. As consumers increasingly adopt vegan and plant-based diets, there’s a growing need for bulk food ingredients that can serve as suitable alternatives to animal-derived ingredients. This trend is encouraging the use of various grains, seeds, and plant-based proteins as essential ingredients in the production of plant-based food products, further propelling the market.
Bulk Food Ingredients Market Segmentation
The market can be divided based on type, application, and region.
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Market Breakup by Type
- Primary Processed
- Secondary Processed
Market Breakup by Application
- Food
- Bakery Products
- Snacks and Spreads
- Ready Meals
- Confectionery Products
- Others
- Beverages
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global bulk food ingredients companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Olam Group Limited
- Cargill, Incorporated.
- Tate & Lyle PLC
- Bunge Limited
- International Flavors & Fragrances Inc. (Dupont)
- Others
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