Categories: Food & Beverages

Clean Label Ingredients Market Share, Size, Growth

The Clean Label Ingredients Global Market Report 2023 by The Business Research Company, provides clean label ingredients market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Clean Label Ingredients Global Market Report 2023, the market size is expected to grow from $40.02 billion in 2022 to $44.78 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global clean-label ingredients market size is expected to reach $68.35 billion in 2027 at a CAGR of 11.1%.

Consumer preference towards organic food is expected to propel the clean-label ingredients market. Organic food refers to agricultural products that are cultivated and processed. Organic foods usually include more beneficial components, such as antioxidants, than their conventionally farmed equivalents. The preference for organic food is continuously increasing as customers become more health-conscious.

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The clean label ingredients market is segmented:

1) By Type: Natural Colour, Natural Flavour, Fruit And Vegetable Ingredients, Starch And Sweeteners, Flours, Malt, Natural Preservatives, Fermentation Ingredients, Shortenings, Emulsifiers, Cereal Ingredients

2) By Form: Dry, Liquid

3) By Application: Dry Form Products, Cereals And Snacks, Bakery Products, Beverages, Processed Foods, Dairy And Frozen Desserts, Other Applications

Product innovations are a key trend in the clean-label ingredient market. Major companies operating in the clean-label ingredients market are focused on innovating new products to sustain their position in the market. For instance, in November, Baneo, a Germany-based manufacturer of functional ingredients, launched Remypure S52 P. The unique feature is an instant and precooked functional rice starch for clean-label food product processing. The naturally functional rice starch provides a solution for acidification and shear in food processing, and it performs similarly to modified starches in cold processing settings, including low pH and severe shear. It is used in culinary dressings, sauces and dips, bread fillings, and dairy desserts.

The clean label ingredients market report table of contents includes: