PUBLISHER: The Business Research Company | PRODUCT CODE: 1672360
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672360
Food ingredients are substances applied to foods to enhance taste, texture, and appearance while achieving specific technical or functional goals during production, storage, or packaging. These ingredients play a crucial role in improving safety, preserving freshness, and maintaining the nutritional value of the food.
The primary types of products in food ingredients include starches, vegetable oils and fats, natural sweeteners, enzymes and antioxidants, natural flavorings and colors, functional ingredients, and others. Starches, for example, serve as additives in food processing, commonly used as thickeners and stabilizers in a variety of food products such as puddings, custards, soups, sauces, gravies, pie fillings, salad dressings, noodles, and meat products. Different functional types of food ingredients encompass flavors and color additives, preservatives, fat replacers, sweeteners, emulsifiers, stabilizers and binders, thickeners, pH control agents, nutrients, among others. These ingredients find applications in various sectors, including pharmaceuticals, food and beverages, animal feed, and other industries.
The food ingredients market research report is one of a series of new reports from The Business Research Company that provides food ingredients market statistics, including food ingredients industry global market size, regional shares, competitors with a food ingredients market share, detailed food ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the food ingredients industry. This food ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The food ingredients market size has grown strongly in recent years. It will grow from $70.5 billion in 2024 to $75.21 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the increased demand for processed foods, the rise in awareness of the benefits of organic products, and growth in the number of health-conscious consumers.
The food ingredients market size is expected to see strong growth in the next few years. It will grow to $97.08 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the rise in global population, rising urbanization, the increasing demand for ready-to-eat products, and the increasing demand from the food processing industry. Major trends in the forecast period include the introduction of natural food colors, facility expansions, development of 'plug and play' solutions to develop innovative products, development of sustainable products, and focus on partnerships and collaborations.
The rising awareness of fitness among individuals and the growing population of health-conscious consumers are projected to drive the market for food ingredients during the forecast period. Consumers are increasingly incorporating bioactive food ingredients such as omega-3 fatty acids, antioxidants, probiotics, soy protein, and beta-carotene into their diets to promote good health. For instance, in March 2024, the Sports & Fitness Industry Association (SFIA), a U.S.-based trade association, reported that 80% of the 242 million people in the United States were participating in fitness activities in 2023, reflecting a 2.2% increase from 2022. Thus, the heightened awareness of fitness and the expanding base of health-conscious consumers are expected to significantly boost the growth of the food ingredients market.
The rising demand for ready-to-eat products is anticipated to drive the growth of the food ingredients market during the forecast period. Ready-to-eat products come in various forms, simplifying cooking for consumers. The convenience offered by these foods, including ice creams, sandwiches, biscuits, soups, pasta, and pizza, is increasing consumer preference, thereby expected to boost the food ingredients market. For instance, in March 2023, The Soft Copy, a bi-weekly publication by multimedia students at the Indian Institute of Journalism and New Media, reported a 20% rise in sales of ready-to-eat products, with sales increasing from 50% in 2022 to 70% in 2023. Thus, the growing demand for ready-to-eat products is expected to positively impact the food ingredients market going forward.
An emerging trend in the food ingredients market is the introduction of technologically advanced solutions. Major food ingredients firms are focusing on innovative solutions, leveraging precision fermentation techniques. For instance, Kalsec, a US-based food ingredient company, partnered with Infinome Biosciences to develop microbial-based food ingredients through precision fermentation.
Companies in the food ingredients market are progressively emphasizing natural food colors to enhance their product offerings. For instance, in September 2022, Sun Chemical, a U.S.-based producer of inks and pigments, introduced the SUNFOODS Natural Colorants line, available across the Americas, Europe, the Middle East, and Africa. This product line matches a wide range of industry-standard and custom colors suitable for various food and beverage applications. SUNFOODS Natural Colorants are utilized in sectors such as bakery, dairy, pet food, beverages, and confectionery.
In May 2022, Koninklijke DSM N.V., a Netherlands-based company specializing in health and nutrition, acquired Firmenich International S.A. for an undisclosed amount. This acquisition aimed to enhance Koninklijke DSM N.V.'s position in the health, nutrition, and materials sectors by integrating Firmenich International S.A.'s expertise in fragrances, flavors, and sustainable ingredients. The goal was to create a leading business focused on innovation, well-being, and sustainability in consumer products. Firmenich International S.A., based in Switzerland, is renowned for its flavors and fragrances, offering a range of food ingredients.
Major companies operating in the food ingredients market include Cargill Incorporated, Archer Daniels Midland Company, Kerry Group, International Flavors & Fragrances, Ingredion Incorporated, Koninklijke DSM NV, Tate & Lyle PLC, Novozymes A/S, Symrise AG, Givaudan International S.A., Global Specialty Ingredients, Qingdao Haixingyuan Biotechnology Co. Ltd., Wilmar International, Musim Mas, Mewah International, The Nisshin Oillio Group, Miyoshi Oil & Fat Co Ltd, IOI Group, Fairchem, Australian Chemical Industries Int Co, Jayant Oils And Derivatives Ltd, Atlas Chemicals, Shanghai Yan'an Grease Chemical Co Ltd, Gysmecol (Guangzhou) Technology Co Ltd, Vita Manufacture, Townview Foods Ltd, Brett Beardsell Consulting, Quattro Foods, Harrogate Indian Supermarket, Rigest Trading Limited, Special Ingredients Ltd, Andrew Ingredients Ltd, Flytex Llc, Nhl Corporate Group, Foodmix Llc, Ochakovo Factory Of Food Ingredients Co. Ltd, Constanta Llc, Stevia First Corporation, Bunge Limited, First Choice Ingredients, Vogler Ingredients, Olam Agricola Ltda, ARSTE FI, Ars Technica, Afribon, AJWA Group Food Industries
North America was the largest region in the food ingredients market in 2024. Europe was the second-largest market in the food ingredients market. The regions covered in the food ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the food ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The food ingredients market consists of sales of starches, vegetable oils and fats, natural sweeteners, enzymes and antioxidants, natural flavorings and colors, functional ingredients, and other food ingredients. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Food Ingredients Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food ingredients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food ingredients ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The food ingredients market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.