DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Bulk Food Ingredients Market - Global Trends and Forecast to 2021" report to their offering.
The global bulk food ingredients market was valued at USD 369.51 Billion in 2015. It is projected to reach USD 472.10 Billion by 2021, at a CAGR of 4.2% from 2016 to 2021. The market is driven by factors such as increased demand for snacks & spreads, ready meals, and infant formulas due to changing consumer preferences. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for these ingredients. The high growth potential in emerging markets and unexplored regions provide new growth opportunities for market players.
Among the applications of the secondary processed bulk food ingredients, food application accounted for the largest market share, followed by beverages, in 2015. On the basis of food applications, the bakery products segment accounted for the largest market share in 2015, whereas the ready meals segment is projected to grow at the highest rate during the forecast period. The demand for ready meals is expected to rise due to changing dietary patterns of consumers due to changing consumer lifestyles.
On the basis of type, the secondary processed bulk food ingredients market was led by the processed grains, pulses, and cereals segment, followed by the vegetable oil segment, in 2015. Processed grains, pulses, and cereals are the key ingredients used in various cuisines across the world. The increasing health-awareness among consumers has led to an increased demand for food products which are rich in fiber and protein content. This has led to an increase in demand for whole grain food products such as ready to eat breakfast products and baked products.
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, with investments from key players in the market, especially in India, due to countries large bulk food ingredients production; low-cost labor; and lower ingredient prices.
Factors such as lack of infrastructure facilities and easy bacterial contamination of bulk food ingredients are expected to restrain the market growth. Though the prices of bulk food ingredients are highly volatile and vary across different regions, the market is expected to grow at a significant rate. The unstable agricultural supply has also posed a huge challenge to the bulk food ingredients processors and manufacturers.
- Archer Daniels Midland Company
- Associated British Foods PLC
- Cargill Incorporated
- Community Foods Limited
- DMH Ingredients, Inc.
- E. I. Du Pont De Nemours and Company
- EHL Ingredients
- Ingredion Incorporated
- Olam International
Tate & Lyle PLC
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
8 Trading Environment
9 Primary Processed Bulk Food Ingredients Market, By Type
10 Secondary Processed Bulk Food Ingredients Market, By Type
11 Secondary Processed Bulk Food Ingredients Market, By Application
12 Bulk Food Ingredients Market, By Region
13 Competitive Landscape
14 Company Profiles
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