PUBLISHER: Meticulous Research | PRODUCT CODE: 1518364
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518364
Clean Label Ingredients Market Size, Share, Forecast, & Trends Analysis by Ingredient Type (Flours, Colors, Flavors, Preservatives, Starch), Source (Plant-Based), Form (Dry), Application (Food (Bakery & Confectionery, Meat), Beverages)-Global Forecast to 2030.
According to the research report titled, 'Clean Label Ingredients Market Size, Share, Forecast, & Trends Analysis by Ingredient Type (Flours, Colors, Flavors, Preservatives, Starch), Source (Plant-Based), Form (Dry), Application (Food (Bakery & Confectionery, Meat), Beverages)-Global Forecast to 2030,' the clean label ingredients market is projected to reach $80.69 billion by 2030, at a CAGR of 6.9% during the forecast period 2023-2030. The report provides an in-depth analysis of the clean label ingredients market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.
Following an extensive secondary and primary research, and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is mainly driven by the growing consumer preferences for organic and natural ingredients, increasing focus on health & wellness, growing health concerns associated with artificial ingredients, growing consumer demand for clean label meat alternatives, and the rise of e-commerce, and online grocery shopping.
However, the high cost of clean label ingredients compared to artificial ingredients restrains the market's growth. The food manufacturer's focus on reforming food products, and increasing demand for vegan & plant-based foods are expected to provide growth opportunities for the stakeholders in this market.
The key players operating in the clean label ingredients market are Archer-Daniels-Midland Company (U.S.), BENEO GmbH (Part of Sudzucker AG) (Germany), Brisan Group (U.S.), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Corbion NV (Netherlands), Groupe Limagrain Holding (France), Ingredion Incorporated (U.S.), International Flavors & Fragrances Inc. (U.S.), Kerry Group plc (Ireland), DSM (Netherlands), Sensient Technologies Corporation (U.S.), and Tate & Lyle PLC (U.K.).
Based on ingredient type, the clean label ingredients market is primarily segmented into flour, colors, flavors, sweeteners, starch, preservatives, and other ingredients. In 2023, the flour segment is expected to account for the largest share of the clean label ingredients market. The large market share of this segment is attributed to the rapidly growing global processed food industry, and rising demand for clean label wheat, rice, and corn flours from bakery and confectionery products, sauces & dressings, dairy products, packaged meals, and processed food products around the world. Moreover, the increasing number of health-conscious consumers, rising per capita spending on nutritious foods, and rising demand for natural and organic foods are further expected to support the growth of this market.
Based on source, the clean label ingredients market is segmented into plant-based and other sources. In 2023, the plant-based source is expected to account for the larger share of the clean label ingredients market. The large market share of this segment is primarily attributed to the increasing consumer preferences for plant-based foods, increasing environmental safety concerns, and the growing vegan population. Moreover, this segment is further projected to register a higher CAGR during the forecast period due to the growing consumer demand for dairy alternative products, and plant-based meat products.
Based on form, the clean label ingredients market is segmented into dry and liquid forms. In 2023, the dry form segment is expected to account for the larger share of the clean label ingredients market. The large market share of this segment is attributed to its ease of storage, higher shelf life compared to liquid form, flexibility to handle, and low cost of processing. Moreover, this segment is further projected to register the highest CAGR during the forecast period of 2023-2030 due to increasing demand for dry flour from bakery, and confectionery food manufacturers.
Based on application, the clean label ingredients market is segmented into food and beverages. The beverages segment is projected to register a higher CAGR during the forecast period of 2023-2030, owing to the growing consumer inclination towards natural & healthy beverages, and rising consumer demand for plant-based beverages.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa), and the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the clean label ingredients market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The large market share of this region is mainly attributed to the presence of major food manufacturers, growing demand for organic, vegan, plant-based food and beverages, and rising health & wellness. Moreover, the stringent regulations from the U.S. Food and Drug Administration (FDA) on artificial ingredients are further expected to spur the demand for clean label food ingredients in the region during the forecast period.
However, Asia-Pacific is slated to register the highest CAGR during the forecast period of 2023-2030 owing to the rising health consciousness regarding the negative effects of artificial ingredients, increasing consumer demand for functional ingredients and healthy foods, the rising health-conscious population and their spending on nutrient-dense foods, rising trend of vegan, natural, and organic food products, and the growing clean-label food trend in Asian countries.
Key Questions Answered in the Report-
Clean Label Ingredients Market Assessment-by Ingredient Type
Clean Label Ingredients Market Assessment-by Source
Clean Label Ingredients Market Assessment-by Form
Clean Label Ingredients Market Assessment-by Application
Clean Label Ingredients Market Assessment-by Geography
(Note: SWOT Analysis Of The Top 5 Players Will Be Provided In The Report. )