Food Ingredients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released an in-depth report on the global Food Ingredients Market, providing a detailed analysis of the market's core dynamics, including growth drivers, emerging trends, opportunities, and challenges. The report offers a comprehensive overview of the market's structure, offering critical insights for stakeholders.

Key Insights:

Food Ingredients Market Size (2024E): USD 36006.2 Mn
Projected Market Value (2033F): USD 54907.2 Mn
Global Market Growth Rate (CAGR 2024 to 2033): 4.8%

Food Ingredients Market - Report Scope:

The food ingredients market plays a crucial role in the global food industry, encompassing a wide range of products that enhance the taste, texture, appearance, and nutritional content of food. These ingredients include flavors, colors, preservatives, enzymes, and emulsifiers, which are essential for food processing and preservation. The market is driven by the growing demand for processed and convenience foods, rising health consciousness among consumers, and advancements in food technology. The expanding food and beverage industry, coupled with increasing consumer preference for clean-label and organic products, further fuels the growth of the food ingredients market.

Market Growth Drivers:

Several factors are driving the global food ingredients market, including the increasing demand for convenience foods and the growing trend towards natural and clean-label ingredients. The shift in consumer preferences towards healthier and more sustainable food options has led to a surge in demand for organic and plant-based ingredients. Additionally, technological advancements in food processing and the development of innovative ingredients that enhance the sensory and nutritional profile of food products are contributing to market growth. The rising popularity of functional foods and beverages, which offer health benefits beyond basic nutrition, is also a key driver of market expansion.

Market Restraints:

The food ingredients market faces challenges such as stringent regulations regarding food safety and quality, high R&D costs, and fluctuating raw material prices. Compliance with international food safety standards and regulations, particularly regarding the use of additives and preservatives, is critical for market players. The high cost of developing new and innovative ingredients, coupled with the need for extensive testing and approval processes, poses challenges for market entry and expansion. Additionally, the volatility in raw material prices, influenced by factors such as climatic conditions and supply chain disruptions, can impact the profitability of manufacturers.

Market Opportunities:

The food ingredients market presents significant opportunities for growth, driven by the rising demand for functional and specialty ingredients, particularly in emerging markets. The increasing focus on personalized nutrition and the development of ingredients that cater to specific dietary needs offer new avenues for market expansion. The growing trend towards plant-based and vegan diets is creating a surge in demand for alternative protein sources and other plant-derived ingredients. Moreover, the integration of sustainable practices in ingredient sourcing and production is expected to enhance market opportunities, as consumers increasingly seek products with minimal environmental impact.

Key Questions Answered in the Report:

What are the main factors driving the growth of the food ingredients market globally?
Which types of food ingredients are gaining popularity in different regions?
How are consumer preferences and technological advancements reshaping the food ingredients market?
Who are the leading players in the food ingredients market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global food ingredients market?

Competitive Intelligence and Business Strategy:

Key players in the global food ingredients market, including companies like Cargill, Archer Daniels Midland (ADM), and Kerry Group, are focusing on innovation, sustainability, and strategic acquisitions to strengthen their market position. These companies are investing in R&D to develop new and improved ingredients that meet evolving consumer demands for healthier, cleaner, and more sustainable food options. Strategic partnerships and collaborations with food and beverage manufacturers are crucial for market access and growth. Additionally, companies are emphasizing transparency, traceability, and ethical sourcing practices to build consumer trust and loyalty in an increasingly competitive market.

Key Companies Profiled:

Kerry Group Plc
Tate & Lyle PLC
Givaudan SA
DowDupont, Inc.
Cargill, Incorporated
Ashland Global Holdings Inc.
Novozymes A/S
Firmenich SA
International Flavors and Fragrances
CP Kelco
Archer Daniels Midland Company
Koninklijke DSM N.V.
Ingredion Inc.
Sensient Technologies Corporation
Symrise AG

Food Ingredients Industry Research by Category

By Type:

Food Hydrocolloids
Food Enzymes
Food Flavors
Food Colors

By End Use:

Dairy Products & Frozen Food
Bakery & Confectionery
Sauces, Dressings, & Condiments
Beverages
Snacks & Savory
Meat & Poultry Products
Pet Food

By Function:

Thickener
Stabilizer
Gelling Agent
Leavening Agent
pH Control Agents
Flavoring & Coloring Agents
Emulsifiers

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP18934

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Production and Trade Analysis

5.1. Global Production (Metric Tons) Estimates* of Raw Materials, 2024
5.2. Import and Export (Value and Volume) of Parent Categories, by Geography

6. Global Food Ingredients Market Demand Analysis 2019-2023 and Forecast, 2024-2033

6.1. Historical Market Volume (Tons) Analysis, 2019-2023
6.2. Current and Future Market Volume (Tons) Projections, 2024-2033
6.3. Y-o-Y Growth Trend Analysis

7. Global Food Ingredients Market - Pricing Analysis

7.1. Regional Pricing Trend Analysis, 2019-2023
7.2. Global Average Pricing Analysis Benchmark

8. Global Food Ingredients Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

8.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
8.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 8.2.1. Y-o-Y Growth Trend Analysis
- 8.2.2. Absolute $ Opportunity Analysis

9. Market Background

9.1. Macro-Economic Factors
- 9.1.1. Global GDP Growth Outlook
- 9.1.2. Global Food & Beverage industry Overview
- 9.1.3. Global GDP and Infrastructure Investment
- 9.1.4. International Trade
- 9.1.5. Global Industry Outlook
9.2. Forecast Factors - Relevance & Impact
- 9.2.1. Top Companies Historical Growth
- 9.2.2. GDP Growth forecast
- 9.2.3. Manufacturing Industry forecast
- 9.2.4. Global Urbanization Growth Outlook
- 9.2.5. Business Climate
9.3. Global Food and Beverage Industry Overview
- 9.3.1. Food & Beverage Industry Key Indicators
9.4. Overview of Refrigeration Techniques
9.5. Supply Chain & Value-Chain Analysis
- 9.5.1. Raw Material Suppliers
- 9.5.2. Product Manufacturers
- 9.5.3. Distribution Channel Industries
9.6. Regional Food Ingredientss Associations and Organizations
9.7. Policy Developments and Regulatory Scenario
- 9.7.1. The United States Food and Drug Administration (FDA)
- 9.7.2. Canadian Food Inspection Agency
- 9.7.3. European Food Safety Authority (EFSA)
- 9.7.4. The Food Safety and Standards Authority of India (FSSAI)
- 9.7.5. Ministry of Health, Labor and Welfare. (MHLW), Japan
- 9.7.6. National Health Commission (NHC), China
- 9.7.7. Food Standards Australia New Zealand (FSANZ)
9.8. Market Dynamics
- 9.8.1. Drivers
- 9.8.2. Restraints
- 9.8.3. Opportunity Analysis
9.9. Global Supply Demand Analysis

10. Global Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033, by Type

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2024-2033
- 10.3.1. Food Hydrocolloids
  - 10.3.1.1. Plant Source
    - 10.3.1.1.1. Gum Arabic
    - 10.3.1.1.2. Guar Gum
    - 10.3.1.1.3. Locust bean gum
    - 10.3.1.1.4. Pectin
    - 10.3.1.1.5. Starches
    - 10.3.1.1.6. Others
  - 10.3.1.2. Microbial Source
    - 10.3.1.2.1. Xanthan Gum
    - 10.3.1.2.2. Curdlan
    - 10.3.1.2.3. Gellan Gum
  - 10.3.1.3. Seaweed Source
    - 10.3.1.3.1. Carrageenan
    - 10.3.1.3.2. Agar-agar
    - 10.3.1.3.3. Alginate
  - 10.3.1.4. Synthetic Source
    - 10.3.1.4.1. Carboxy Methyl Cellulose (CMC)
    - 10.3.1.4.2. Methyl Cellulose (MC)
  - 10.3.1.5. Animal Source (Gelatin)
- 10.3.2. Food Enzymes
- 10.3.3. Food Flavors
- 10.3.4. Food Colors
10.4. Market Attractiveness Analysis By Type

11. Global Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033, By End Use

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2024-2033
- 11.3.1. Dairy Products & Frozen Food
- 11.3.2. Bakery & Confectionery
- 11.3.3. Sauces, Dressings, & Condiments
- 11.3.4. Beverages
- 11.3.5. Snacks & Savory
- 11.3.6. Meat & Poultry Products
- 11.3.7. Pet Food
11.4. Market Attractiveness Analysis By End Use

12. Global Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033, by Function

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Function, 2019-2023
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Function, 2024-2033
- 12.3.1. Thickener
- 12.3.2. Stabilizer
- 12.3.3. Gelling Agent
- 12.3.4. Leavening Agent
- 12.3.5. pH Control Agents
- 12.3.6. Flavoring & Coloring Agents
- 12.3.7. Emulsifiers
12.4. Market Attractiveness Analysis By Function

13. Global Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033, by Region

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 13.3.1. North America
- 13.3.2. Latin America
- 13.3.3. Europe
- 13.3.4. South Asia and Pacific
- 13.3.5. East Asia
- 13.3.6. Middle East and Africa (MEA)
13.4. Market Attractiveness Analysis By Region

14. North America Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Country
  - 14.4.1.1. U.S.
  - 14.4.1.2. Canada
- 14.4.2. By Type
- 14.4.3. By End Use
- 14.4.4. By Function
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Type
- 14.5.3. By End Use
- 14.5.4. By Function
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. Latin America Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Country
  - 15.4.1.1. Brazil
  - 15.4.1.2. Mexico
  - 15.4.1.3. Argentina
  - 15.4.1.4. Rest of Latin America
- 15.4.2. By Type
- 15.4.3. By End Use
- 15.4.4. By Function
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Type
- 15.5.3. By End Use
- 15.5.4. By Function
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. Europe Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Country
  - 16.4.1.1. Germany
  - 16.4.1.2. Italy
  - 16.4.1.3. France
  - 16.4.1.4. U.K.
  - 16.4.1.5. Spain
  - 16.4.1.6. BENELUX
  - 16.4.1.7. Russia
  - 16.4.1.8. Poland
  - 16.4.1.9. Rest of Europe
- 16.4.2. By Type
- 16.4.3. By End Use
- 16.4.4. By Function
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Type
- 16.5.3. By End Use
- 16.5.4. By Function
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.4.1. By Country
  - 17.4.1.1. India
  - 17.4.1.2. ASEAN
  - 17.4.1.3. Oceania (Australia & New Zealand)
  - 17.4.1.4. Rest of South Asia & Pacific
- 17.4.2. By Form
- 17.4.3. By End User
- 17.4.4. By Distribution Channel
- 17.4.5. By Ingredients
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Type
- 17.5.3. By End Use
- 17.5.4. By Function
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis

18. East Asia Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.4.1. By Country
  - 18.4.1.1. China
  - 18.4.1.2. Japan
  - 18.4.1.3. South Korea
- 18.4.2. By Type
- 18.4.3. By End Use
- 18.4.4. By Function
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Type
- 18.5.3. By End Use
- 18.5.4. By Function
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Food Ingredients Market Analysis 2019-2023 and Forecast 2024-2033

19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 19.4.1. By Country
  - 19.4.1.1. GCC Countries
  - 19.4.1.2. Turkey
  - 19.4.1.3. Northern Africa
  - 19.4.1.4. South Africa
  - 19.4.1.5. Rest of Middle East and Africa
- 19.4.2. By Type
- 19.4.3. By End Use
- 19.4.4. By Function
19.5. Market Attractiveness Analysis
- 19.5.1. By Country
- 19.5.2. By Type
- 19.5.3. By End Use
- 19.5.4. By Function
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis

20. Country Wise Food Ingredients Market Analysis, 2024

20.1. Introduction
- 20.1.1. Market Value Proportion Analysis, By Key Countries
- 20.1.2. Global Vs. Country Growth Comparison
20.2. U.S. Food Ingredients Market Analysis
- 20.2.1. By Type
- 20.2.2. By End Use
- 20.2.3. By Function
20.3. Canada Food Ingredients Market Analysis
- 20.3.1. By Type
- 20.3.2. By End Use
- 20.3.3. By Function
20.4. Mexico Food Ingredients Market Analysis
- 20.4.1. By Type
- 20.4.2. By End Use
- 20.4.3. By Function
20.5. Brazil Food Ingredients Market Analysis
- 20.5.1. By Type
- 20.5.2. By End Use
- 20.5.3. By Function
20.6. Argentina Food Ingredients Market Analysis
- 20.6.1. By Type
- 20.6.2. By End Use
- 20.6.3. By Function
20.7. Germany Food Ingredients Market Analysis
- 20.7.1. By Type
- 20.7.2. By End Use
- 20.7.3. By Function
20.8. Italy Food Ingredients Market Analysis
- 20.8.1. By Type
- 20.8.2. By End Use
- 20.8.3. By Function
20.9. France Food Ingredients Market Analysis
- 20.9.1. By Type
- 20.9.2. By End Use
- 20.9.3. By Function
20.10. U.K. Food Ingredients Market Analysis
- 20.10.1. By Type
- 20.10.2. By End Use
- 20.10.3. By Function
20.11. Spain Food Ingredients Market Analysis
- 20.11.1. By Type
- 20.11.2. By End Use
- 20.11.3. By Function
20.12. Poland Food Ingredients Market Analysis
- 20.12.1. By Type
- 20.12.2. By End Use
- 20.12.3. By Function
20.13. Russia Food Ingredients Market Analysis
- 20.13.1. By Type
- 20.13.2. By End Use
- 20.13.3. By Function
20.14. China Food Ingredients Market Analysis
- 20.14.1. By Type
- 20.14.2. By End Use
- 20.14.3. By Function
20.15. Japan Food Ingredients Market Analysis
- 20.15.1. By Type
- 20.15.2. By End Use
- 20.15.3. By Function
20.16. S. Korea Food Ingredients Market Analysis
- 20.16.1. By Type
- 20.16.2. By End Use
- 20.16.3. By Function
20.17. India Food Ingredients Market Analysis
- 20.17.1. By Type
- 20.17.2. By End Use
- 20.17.3. By Function
20.18. Oceania (Australia and New Zealand) Food Ingredients Market Analysis
- 20.18.1. By Type
- 20.18.2. By End Use
- 20.18.3. By Function
20.19. Turkey Food Ingredients Market Analysis
- 20.19.1. By Type
- 20.19.2. By End Use
- 20.19.3. By Function
20.20. South Africa Food Ingredients Market Analysis
- 20.20.1. By Type
- 20.20.2. By End Use
- 20.20.3. By Function

21. Market Structure Analysis

21.1. Market Analysis by Tier of Companies (Food Ingredients)
21.2. Market Share Analysis of Top Players
21.3. Market Presence Analysis

22. Competition Analysis

22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
- 22.3.1. Kerry Group Plc
  - 22.3.1.1. Overview
  - 22.3.1.2. Product Portfolio
  - 22.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.1.4. Sales Footprint
  - 22.3.1.5. Strategy Overview
- 22.3.2. Tate & Lyle PLC
  - 22.3.2.1. Overview
  - 22.3.2.2. Product Portfolio
  - 22.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.2.4. Sales Footprint
  - 22.3.2.5. Strategy Overview
- 22.3.3. Givaudan SA
  - 22.3.3.1. Overview
  - 22.3.3.2. Product Portfolio
  - 22.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.3.4. Sales Footprint
  - 22.3.3.5. Strategy Overview
- 22.3.4. DowDupont, Inc.
  - 22.3.4.1. Overview
  - 22.3.4.2. Product Portfolio
  - 22.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.4.4. Sales Footprint
  - 22.3.4.5. Strategy Overview
- 22.3.5. Cargill, Incorporated
  - 22.3.5.1. Overview
  - 22.3.5.2. Product Portfolio
  - 22.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.5.4. Sales Footprint
  - 22.3.5.5. Strategy Overview
- 22.3.6. Ashland Global Holdings Inc.
  - 22.3.6.1. Overview
  - 22.3.6.2. Product Portfolio
  - 22.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.6.4. Sales Footprint
  - 22.3.6.5. Strategy Overview
- 22.3.7. Novozymes A/S
  - 22.3.7.1. Overview
  - 22.3.7.2. Product Portfolio
  - 22.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.7.4. Sales Footprint
  - 22.3.7.5. Strategy Overview
- 22.3.8. Firmenich SA
  - 22.3.8.1. Overview
  - 22.3.8.2. Product Portfolio
  - 22.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.8.4. Sales Footprint
  - 22.3.8.5. Strategy Overview
- 22.3.9. International Flavors and Fragrances
  - 22.3.9.1. Overview
  - 22.3.9.2. Product Portfolio
  - 22.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.9.4. Sales Footprint
  - 22.3.9.5. Strategy Overview
- 22.3.10. CP Kelco
  - 22.3.10.1. Overview
  - 22.3.10.2. Product Portfolio
  - 22.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.10.4. Sales Footprint
  - 22.3.10.5. Strategy Overview
- 22.3.11. Archer Daniels Midland Company
  - 22.3.11.1. Overview
  - 22.3.11.2. Product Portfolio
  - 22.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.11.4. Sales Footprint
  - 22.3.11.5. Strategy Overview
- 22.3.12. Koninklijke DSM N.V.
  - 22.3.12.1. Overview
  - 22.3.12.2. Product Portfolio
  - 22.3.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.12.4. Sales Footprint
  - 22.3.12.5. Strategy Overview
- 22.3.13. Ingredion Inc.
  - 22.3.13.1. Overview
  - 22.3.13.2. Product Portfolio
  - 22.3.13.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.13.4. Sales Footprint
  - 22.3.13.5. Strategy Overview
- 22.3.14. Sensient Technologies Corporation
  - 22.3.14.1. Overview
  - 22.3.14.2. Product Portfolio
  - 22.3.14.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.14.4. Sales Footprint
  - 22.3.14.5. Strategy Overview
- 22.3.15. Symrise AG
  - 22.3.15.1. Overview
  - 22.3.15.2. Product Portfolio
  - 22.3.15.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.15.4. Sales Footprint
  - 22.3.15.5. Strategy Overview