Bulk Food Ingredients Market - Forecast(2024 - 2030)
Bulk Food Ingredients Market Overview
Bulk Food Ingredients Market size is estimated at $798 million in 2020, projected
to grow at a CAGR of 4.9% during the forecast period 2021-2026. Bulk food
ingredients are ingredients found in packaged, processed, and ready-to-eat
foods. Herbs and spices, sweeteners, which are also known as whole food
ingredients, are frequently available in organic form. The industry is expanding due to the rising
demand for convenience foods. The Global Bulk Food Ingredients Industry has been driven by
the strong growth of foodservice retail chains, as well as an increase in the
number of eateries and cafes that buy a large quantity of food products from
the wholesaler. In addition, factors such as rising disposable incomes and
growing urbanization have boosted demand for processed goods, resulting in Global
Bulk Food Ingredients Industry expansion.
Bulk Food Ingredients Market Report Coverage
The report: “Bulk Food Ingredients Market Forecast
(2021-2026)”, by Industry ARC, covers an in-depth analysis of the following
segments of the Bulk Food Ingredients
Market.
By Type: Nuts, Herbs and Spices,
Oilseeds, Sweeteners, Grains, Pulses & Cereals, Tea, Coffee & Cocoa and
Others.
By
Application: Food - Bakery Products, Snacks & Spreads, Ready Meals,
Confectionery Products and Others and Beverages - Alcoholic Beverages,
Non-Alcoholic Beverages, Hot Beverages and Cold Beverages.
By
Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Specialty
Stores, E-Commerce and Others.
By
Geography: North America
(U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and
Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia &
New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and
Rest of South America) and Row (Middle East and Africa).
Key Takeaways
- Global Bulk Food Ingredients market growth is being driven owing to rising alcoholic beverage consumption, craft beer popularity, and social acceptance in both developed and developing countries.
- Geographically, Asia-Pacific Global Bulk Food Ingredients Market held the largest revenue share of 40% in 2020 owing to consumer demand for convenience and processed food in the region's food sector, offering significant expansion opportunities and diversification in the region. The scope of the Global Bulk Food Ingredients Market for various regions will be provided in the final report.
- The Global Bulk Food Ingredients industry is expanding as the consumers are turning to healthy beverages and functional drinks as health awareness grows and the incidence of health problems such as diabetes, obesity, and high blood pressure rises.
- The market expansion is expected to be constrained by factors such as a lack of infrastructure and volatile bulk food ingredient price swings.
Bulk Food Ingredients Market: Market Share (%) by Region, 2020
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Bulk Food Ingredients Market Segment Analysis – By Type:
Based on Type, Herbs and Spices Segment accounted for the
largest revenue market share in 2020 owing to rising consumption and increased
demand for high-quality product, which is expected to drive market expansion. The
use of spices & herbs as food ingredients in a variety of culinary
preparations contributes significantly to the overall flavor of the food. Herbs
and Spices like coriander, capsicum, pepper, cloves, cardamom, mint, parsley,
basil, chives, and thyme are commonly used to garnish dishes in various regions
across the globe. Consumers all over the world are gradually turning to these
herbs for their flavor as well as their medicinal properties. Garlic, for
instance, is well-known for its pungent aroma and delicious flavor, as well as
its ability to treat the common flu and other infectious diseases.
Additionally, it aids in the management of hypertension and cardiovascular
disease. The numerous health benefits associated with herbs such as garlic,
parsley, oregano, fennel, peppermint, and basil have been credited with the
segment's development. Sweeteners segment is anticipated to grow with the
fastest CAGR of 5.4% in the forecast period 2021-2026 owing towards its vast
application usage resulting in segment growth.
Bulk Food Ingredients Market Segment Analysis – By Distribution Channel:
Based on
Distribution Channel, Convenience Stores accounted for the largest revenue
market share in 2020. These convenience items are gaining significant favour
among working professionals with busy schedules and hectic lifestyles, owing to
rising disposable income levels and evolving dietary habits of the public.
Consumers are flocking to a surprising new breakfast, lunch, and dinner
destination as they seek work-life balance and pre-packaged meals that need
little or no cooking preparation. Several businesses are increasingly
substituting natural preservatives for synthetic preservatives and sourcing
meat from organic-certified farms in an effort to maintain the authenticity of food
ingredients, which is driving segment growth. Supermarkets and hypermarkets are expected to
increase at the fastest rate of 5.2% from 2021 to 2026, owing to novel food
ingredients such as herbs and spices and sweeteners, which will boost market
expansion.
Bulk Food Ingredients Market Segment Analysis – By Geography:
Based on Geography, Asia-Pacific Global Bulk Food Ingredients Market accounted for the 40% revenue share in 2020 owing to the presence of large consumer base. Investments in developed countries to improve the beverage sector with high nutritional content are increasing dramatically. The major players in various regions are employing various tactics, such as introducing new products in order to satisfy consumer demand, which is leading to the accelerated product demand. China's economic performance, which is bolstered by large-scale investments in technology and research, is favorable to regional development. China's food and beverage business is likely to undergo significant changes in order to address issues such as economic inequity and urbanization, among others. North America is predicted to be the fastest growing region during the forecast period 2021- 2026 owing to growing ingredients consumption.
Bulk Food Ingredients Market - Drivers
The Growing Convenience Food Demand Globally:
The demand for convenience food
has been steadily increasing as customers' spending power has increased, and
their living habits have become busier. Bakery food goods, fast food goods, and
desserts have all seen a surge in demand as a result of this increased
convenience food need. The rise in demand for convenience meals can be seen
more prominently in developing countries, as per capita food expenditure rises
in tandem with per capita income. The Global Bulk Food Ingredients Industry is
driven by bulk food ingredients such as herbs and spices, and sweeteners that
go into supplying the food with key organoleptic qualities as well as offering
the food product with a longer than normal shelf life to appeal to customers.
Bulk Food Ingredients Market - Challenges
High Initial Investment:
Bulk food ingredients processors confront a variety
of issues, including maximizing available space, managing various storage
temperatures, and responding to fast stock turnover while preserving hygiene
and product traceability. A major aspect that could hinder the Global Bulk Food
Ingredients is the high initial expenditure necessary to enter the market.
Bulk Food Ingredients Market Landscape:
Product
releases, mergers and acquisitions, joint ventures, and international expansion
are among the key strategies employed by the Global Bulk Food Ingredients
Market. Tate & Lyle PLC, Olam International, Cargill Incorporated,
Ingredion Incorporated, Associated British Foods plc, EHL Ingredients, DMH
Ingredients, Archer Daniels Midland Company and Community Foods Limited are
among the top ten companies in the Global Bulk Food Ingredients market.
Acquisitions/Product Launches:
In January, 2020, Archer Daniels Midland Company acquired
Brazil-based natural ingredients manufacturer Yerbalatina Phytoactives. This
acquisition will expand company growth at global level.
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LIST OF TABLES
1.Global Market Segmentation Market 2023-2030 ($M)1.1 By Type Market 2023-2030 ($M) - Global Industry Research
1.1.1 Primary processed bulk food ingredients Market 2023-2030 ($M)
1.1.2 Secondary processed bulk food ingredients Market 2023-2030 ($M)
1.2 By Application Market 2023-2030 ($M) - Global Industry Research
1.2.1 Bakery Market 2023-2030 ($M)
1.2.2 Confectionery Market 2023-2030 ($M)
1.2.3 Snacks spreads Market 2023-2030 ($M)
1.2.4 Ready meals Market 2023-2030 ($M)
1.3 Competitive Landscape Market 2023-2030 ($M) - Global Industry Research
1.3.1 Most Active Companies Market 2023-2030 ($M)
2.Global Market Segmentation Market 2023-2030 (Volume/Units)
2.1 By Type Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Primary processed bulk food ingredients Market 2023-2030 (Volume/Units)
2.1.2 Secondary processed bulk food ingredients Market 2023-2030 (Volume/Units)
2.2 By Application Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Bakery Market 2023-2030 (Volume/Units)
2.2.2 Confectionery Market 2023-2030 (Volume/Units)
2.2.3 Snacks spreads Market 2023-2030 (Volume/Units)
2.2.4 Ready meals Market 2023-2030 (Volume/Units)
2.3 Competitive Landscape Market 2023-2030 (Volume/Units) - Global Industry Research
2.3.1 Most Active Companies Market 2023-2030 (Volume/Units)
3.North America Market Segmentation Market 2023-2030 ($M)
3.1 By Type Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Primary processed bulk food ingredients Market 2023-2030 ($M)
3.1.2 Secondary processed bulk food ingredients Market 2023-2030 ($M)
3.2 By Application Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Bakery Market 2023-2030 ($M)
3.2.2 Confectionery Market 2023-2030 ($M)
3.2.3 Snacks spreads Market 2023-2030 ($M)
3.2.4 Ready meals Market 2023-2030 ($M)
3.3 Competitive Landscape Market 2023-2030 ($M) - Regional Industry Research
3.3.1 Most Active Companies Market 2023-2030 ($M)
4.South America Market Segmentation Market 2023-2030 ($M)
4.1 By Type Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Primary processed bulk food ingredients Market 2023-2030 ($M)
4.1.2 Secondary processed bulk food ingredients Market 2023-2030 ($M)
4.2 By Application Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Bakery Market 2023-2030 ($M)
4.2.2 Confectionery Market 2023-2030 ($M)
4.2.3 Snacks spreads Market 2023-2030 ($M)
4.2.4 Ready meals Market 2023-2030 ($M)
4.3 Competitive Landscape Market 2023-2030 ($M) - Regional Industry Research
4.3.1 Most Active Companies Market 2023-2030 ($M)
5.Europe Market Segmentation Market 2023-2030 ($M)
5.1 By Type Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Primary processed bulk food ingredients Market 2023-2030 ($M)
5.1.2 Secondary processed bulk food ingredients Market 2023-2030 ($M)
5.2 By Application Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Bakery Market 2023-2030 ($M)
5.2.2 Confectionery Market 2023-2030 ($M)
5.2.3 Snacks spreads Market 2023-2030 ($M)
5.2.4 Ready meals Market 2023-2030 ($M)
5.3 Competitive Landscape Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Most Active Companies Market 2023-2030 ($M)
6.APAC Market Segmentation Market 2023-2030 ($M)
6.1 By Type Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Primary processed bulk food ingredients Market 2023-2030 ($M)
6.1.2 Secondary processed bulk food ingredients Market 2023-2030 ($M)
6.2 By Application Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Bakery Market 2023-2030 ($M)
6.2.2 Confectionery Market 2023-2030 ($M)
6.2.3 Snacks spreads Market 2023-2030 ($M)
6.2.4 Ready meals Market 2023-2030 ($M)
6.3 Competitive Landscape Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Most Active Companies Market 2023-2030 ($M)
7.MENA Market Segmentation Market 2023-2030 ($M)
7.1 By Type Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Primary processed bulk food ingredients Market 2023-2030 ($M)
7.1.2 Secondary processed bulk food ingredients Market 2023-2030 ($M)
7.2 By Application Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Bakery Market 2023-2030 ($M)
7.2.2 Confectionery Market 2023-2030 ($M)
7.2.3 Snacks spreads Market 2023-2030 ($M)
7.2.4 Ready meals Market 2023-2030 ($M)
7.3 Competitive Landscape Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Most Active Companies Market 2023-2030 ($M)
LIST OF FIGURES
1.US Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)2.Canada Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
3.Mexico Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
4.Brazil Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
5.Argentina Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
6.Peru Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
7.Colombia Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
8.Chile Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
10.UK Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
11.Germany Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
12.France Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
13.Italy Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
14.Spain Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
16.China Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
17.India Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
18.Japan Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
19.South Korea Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
20.South Africa Global Bulk Food Ingredients Market Revenue, 2023-2030 ($M)
21.North America Global Bulk Food Ingredients By Application
22.South America Global Bulk Food Ingredients By Application
23.Europe Global Bulk Food Ingredients By Application
24.APAC Global Bulk Food Ingredients By Application
25.MENA Global Bulk Food Ingredients By Application