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I AgreeAnalysis of Food Processing Ingredients market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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.
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Exhibit 1
Relative Share of Various Food Segments In Food Processing, 2015
Source: Ministry of Food Processing Industries
Exhibit 2
Estimated Average U.S. Consumption of Food Products Compared To Dietary Recommendations (in %)
Source: United States Department of Agriculture
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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.
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.
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.
Some of the key data points covered in our report include:
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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The global food processing ingredients market was valued at US$ 47.93 billion in 2020.
The global market for food processing ingredients is predicted to reach US$ 80 billion by 2028.
Increasing demand for branded and convenience foods products and growing preference for clean-label products are major factors expected to drive global food processing ingredients market expansion.