New York, NY -- (SBWIRE) -- 04/19/2021 -- The Food Ingredients Market is forecasted to grow from USD 33.67 billion in 2018 to USD 63.11 billion by 2026, at a CAGR of 7.8%, during the forecast period. A rapidly rising population and higher urbanization have boosted global demand for processed food products, driving food demand.

Rapid urbanization and rising population density with their growing purchasing power has led to rapid adoption of convenience foods, leading to demand for different food ingredients. Consumers are becoming more health - conscious and demanding for natural food ingredients with the increase in foodborne diseases. Over the past decade, the number of women in the workforce has seen a tremendous surge in demand for ready - to - eat foods.

The market for Japan is forecasted to reach USD 21.14 million in revenue in 2026. Europe's market will record a lower CAGR than Asia Pacific's market, but by 2026-end it will account for comparatively larger revenues. By 2026, the Middle East and Africa (MEA) will register a relatively slower expansion on the global market for food ingredients.

Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of type, applications and regional analysis.

Type (Kilo Tons and Revenue, USD Million; 2016-2026)
Preservatives
Natural Antioxidants
Sorbates
Benzonates
Others
Sweeteners
Bulk Sweeteners
Sucrose
Fructose
Lactose
High Fructose
Others
Sugar Substitutes
Sucralose
Xylitol
Stevia
Aspartame
Saccharine
Others
Emulsifiers
Mono-Di-Glycerides
Lecithin
Sorbitan Esters
Others
Anti-Caking
Calcium compounds
Sodium compounds
Silicon Dioxide
Others
Enzymes
Carbohydrases
Protease
Lipase
Others
Hydrocolloids
Starch
Gelatin Gum
Xanthan Gum
Others
Food Flavors and Enhancers
Natural Extracts
Fruit flavors
Monosodium Glutamate
Others
Food Colorants
Synthetic Food
Natural Food
Others
Acidulants
Citric Acid
Phosphoric Acid
Lactic Acid
Others

Application (Kilo Tons and Revenue, USD Million; 2016-2026)
Beverages
Bakery
Meat and Meat Products
Dairy Products
Others

Region (Kilo Tons and Revenue, USD Million; 2016-2026)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Latin America
Brazil
Rest of LATAM
Middle East & Africa

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Further key findings from the report suggest:
The Food Ingredients Market is forecasted to grow from USD 33.67 billion in 2018 to USD 63.11 billion by 2026, at a CAGR of 7.8%, during the forecast period. A rapidly rising population and higher urbanization have boosted global demand for processed food products, driving food demand.

In 2018, the market for enzymes was valued at USD 3.17 Billion, while in 2018 the market for preservatives was valued at USD 3.41 Billion. Within hydrocolloids, a CAGR of 7.76% during the forecast period is expected to occur in the natural antioxidants segment.

The bakery segment is expected to reach USD 20.16 Billion in 2026, at a CAGR of 8.63%. Whereas the market for meat and meat products is expected to grow the third highest and is expected to reach USD 11.34 Billion in 2026, at a CAGR of 7.03%.

The market for Asia Pacific (APAC) is expected to reach USD 20.79 Billion in 2026, at a CAGR of 9.97%. Developing regions are the fastest growing consumer of food enzymes as their per capita income increases the demand for packaged food. Europe is the world's second-largest consumer and producer of food enzymes, and is expected to hold ~28% of the global market share in 2026. North America is expected to see the highest growth rate of 10.12% on the market for enzymes due to changing consumer lifestyles and increased nutritional awareness.

The major players in the market are Kerry Group (Ireland), Cargill Inc. (US), Corbion Purac (Netherlands), Stevia First Corporation (US), Hermes Sweeteners Ltd (Switzerland), Tate & Lyle Plc (UK), Archer Daniels Midland (US), Riken Vitamin (Japan), Palsgaard (Denmark) and Dupont- Danisco (Denmark).

Key point summary:
Consumers expect the Keyword industry to continue to grow at a rapid pace
Quality is a crucial aspect of brand loyalty
Drivers boosting Food Ingredients Market growth include supply chain and raw material sourcing, advertising, the aesthetic appeal of products, technology, retail outlets, increase of digital retailers, and the brick-and-mortar establishment by online retailers
There is a high demand from consumers for innovative products, clean labels, naturally-sourced ingredients, sustainability, and a wider range of products.
Respondents are attempting better approaches to reach customers, with an emphasis on advertising and social media
Most food and beverage companies profiled in the study currently sell less than 20 percent of their products through an online platform
Operational inefficiency, which is dependent on factors like employee and production capacity, can be a hurdle for technological advancements and other innovations

Table of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Global usage of Food Ingredients
3.1.2. Global Food Ingredients usage by Application Type

Chapter 4. Food Ingredients Market Segmentation & Impact Analysis
4.1. Food Ingredients Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. Food Ingredients Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Organized retail penetration
4.4.1.2. Complexity in the food supply chain
4.4.2. Market restraint analysis
4.4.2.1. Consumers require natural additives

Chapter 5. Food Ingredients Market By Type Insights & Trends

Chapter 6. Food Ingredients Market By Application Insights & Trends

Chapter 7. Food Ingredients Market Regional Outlook

Chapter 8. Competitive Landscape

Chapter 9. Company Profiles
9.1. Koninklijke DSM
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Type Insights
9.1.4. Strategic Initiatives
9.2. Ingredion
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Type Insights
9.2.4. Strategic Initiatives
9.3. Kerry Group
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Type Insights
9.3.4. Strategic Initiatives
9.4. Glanbia
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Type Insights
9.4.4. Strategic Initiatives
9.5. Fonterra Co-operative Group
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Type Insights
9.5.4. Strategic Initiatives
9.6. Givaudan
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Type Insights
9.6.4. Strategic Initiatives
9.7. Cargill
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Type Insights
9.7.4. Strategic Initiatives
9.8. Archer Daniels Midland
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Type Insights
9.8.4. Strategic Initiatives
9.9. Sensient Technologies Corporation
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Type Insights
9.9.4. Strategic Initiatives
9.10. CHR. Hansen Holding A/S
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Type Insights
9.10.4. Strategic Initiatives

Continued…..

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