Chemicals

Clean Label Ingredients Market Size, Drivers, Size, Share And Forecast To 2024-2033 | Trends, Demand, Insights

The Clean Label Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Clean Label Ingredients Global Market Report 2024, The clean label ingredients market size has grown rapidly in recent years. It will grow from $44.78 billion in 2023 to $50.26 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to consumer demand for transparency, regulatory changes and labeling standards, rise of natural and organic products, social media and information accessibility, clean eating movement.

The clean label ingredients market size is expected to see rapidly grown in the next few years. It will grow to $75.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to continued demand for transparency, global expansion of clean label concept, health-conscious aging population, plant-based and alternative proteins, sustainability and ethical sourcing. Major trends in the forecast period include innovation in clean label technologies, plant-based and natural ingredients, transparency and traceability, free-from claims, clean processing technologies.

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. For instance, according to the Organic Trade Association, a US-based trade association of business selling and buying organic products, between 2020 and 2021, organic sales reached $63 billion with $1.2 billion (2%) year-on-year growth. Food sales reached $57.5 billion and grew by 2% over the previous year. Therefore, consumer awareness of organic food is expected to drive the clean-label ingredients market.

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The clean label ingredients market covered in this report 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

Major companies operating in the clinical nutrition market are adopting a strategic partnership approach to provide comprehensive solutions and expand their market reach. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in October 2022, Hologram Sciences Inc., a US-based fast-moving, consumer-focused company, partnered with Maeil Dairies Co. Ltd., a South Korea-based nutritional company that produces a wide range of health and nutrition products. With this partnership, they aim to highlight the growing importance of personalized nutrition in the global health and wellness market and deliver personalized nutrition solutions to the Korean market.

The clean label ingredients market report table of contents includes: