Food Processing Ingredients Market to Witness a Healthy Growth during 2018 to 2028

The food processing industry across the globe is rapidly rising with changing demographics, increasing demand for branded and convenience food products, growing trend towards clean label products and other factors. Processed food products include, range of minimally processed food products to complex food preparations that combine a wide array of food processing ingredients. Increasing demand for processed food products along with increasing consumers spending on-the go food products is the prime factor creating market growth for food processing ingredients in the near future. Food processing ingredients covers ingredient such as, emulsifiers, flavors, spices, enzymes, proteins, preservatives and others. Asia pacific is one of the fastest growing region with increasing demand for packaged food products with India being one of the largest exporter. Changing lifestyle, increasing working women’s and increasing consumption of ready to eat food products in urban areas is pushing the market for food processing products, ultimately the market for food processing ingredients.

Reasons for Covering this Title

Processing of food products is essential to increase their shelf life and deliver required nutrition thus, improving overall performance.    Processed food products such as meat and seafood products, dairy products, beverages and others are less susceptible to spoilage due to presence of various food processing ingredients and hence, are consumed on a larger extent among working population. Expanding global population, changing dietary habits, increasing dependency on ready to eat food products with functional benefits is expected to result in escalated, market revenues on global food processing ingredients market. Furthermore, increasing efforts by manufacturers to fortify food products with essential ingredient is increasing due to their associated health benefits which has been pushing the market revenue generation in global food processing ingredients market in the near future.

Global Food Processing Ingredients: Market Segmentation

On the basis of nature, the global food processing ingredients market has been segmented as –

  • Natural/Organic
  • Synthetic

On the basis of ingredient type, the global Food Processing Ingredients market has been segmented as–

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

On the basis of application, the global food processing ingredients market has been segmented as –

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

Exhibit 1

Relative Share of Various Food Segments In Food Processing, 2015

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Global Food Processing Ingredients Market: Key Players

Some of the key players operating in the global food processing ingredients market are, Cargill, Inc., Arla Foods amba, E. I. Du Pont De Nemours and Company, Kerry Group, Corbion N.V., Archer Daniels Midland Company, BASF SE, Tate & Lyle Public Limited Company, Dairy Crest Group PLC, Koninklijke DSM N.V., Global Specialty Ingredients (M) Sdn. Bhd., Excellent Health Products Co., Ltd (EHP), Excellent Health Products Co., Ltd (EHP) among others.

Exhibit 2

Estimated Average U.S. Consumption of Food Products Compared To Dietary Recommendations (in %)

Source: United States Department of Agriculture

Key Developments in Food Processing Ingredients Market

  • In March 2018, Cargill, Inc. launched a new sweetener EverSweet, in partnership with Evolva which is a pharmaceutical company based in Switzerland. The product is particularly applicable for the low and zero calorie beverages thus expanding the food processing ingredients market growth.
  • In March 2016, Arla Foods amba which is a leader in food processing ingredients launched a product Nutrilac wheyHi which offers 80% more whey content than standard milk protein concentrates.
  • In July 2014, The Archer Daniels Midland Company acquired the company WILD FLAVORS, which is a manufacturer and supplier of natural food ingredients based in Switzerland and expanded its flavor food ingredient product portfolio, thus the market for food processing ingredients.

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Opportunities for Food Processing Ingredients Market Participants

The macro trend of clean label ingredients in the overall food beverage industry is pushing the need for natural/organic ingredients presenting tremendous opportunity for the food processing ingredients market growth. The increasing demand for healthy beverages such as protein drinks, and juices is one of the growing segments in the food processing products market category thus creating market revenue potential for food processing ingredients. Manufacturers of food and beverages products are highly focusing on research and development activities to enhance the nutritional and multifunctional profile of food items which offer high health benefits further pushing the global food processing ingredients market growth.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

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