The Business Research Company’s Food Ingredients Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Food Ingredients Global Market Report 2023 evaluates food ingredients market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global food ingredients market is expected to grow from $84,611.5 million in 2027 at a rate of 6.4%. The market is then expected to grow at a CAGR of 6.9% from 2027 and reach $117,970.7 million in 2032.
Increasing demand for ready-to-eat products is expected to propel the growth of the food ingredients market during the forecast period. Ready to eat products are available in a variety of forms and make cooking simple. The consumer inclination towards ready-to-eat food such as ice-creams, sandwiches, biscuits, soups, pasta, and pizza is increasing due to the high convenience offered by them and this is expected to drive the food ingredients market. For example, in March 2023, according to The Soft Copy, a bi-weekly publication put out by the multimedia students of the Indian Institute of Journalism and New Media, there has been a 20% increase in sales of ready-to-eat food products. The sales were 50% in 2022 and increased to 70% in 2023. Therefore, the increasing demand for ready-to-eat products is expected to positively impact the growth of the food ingredients market going forward.
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The food ingredients market segments in the report are:
1) By Product Type: Starches; Vegetable Oils And Fats; Natural Sweeteners; Enzymes And Antioxidants; Natural Flavorings And Colors; Functional Ingredients; Other Product Types
2) By Function: Flavors And Color Additives; Preservatives; Fat Replacers; Sweeteners; Emulsifier; Stabilizers And Binders; Thickeners; Ph Control Agents; Nutrients; Other Functions
3) By Application: Pharmaceuticals; Food And Beverages; Animal Feed; Other Applications
The table of contents in TBRC’s food ingredients market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
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- Company Profiles
- Key Mergers And Acquisitions
- Opportunities And Strategies
- Food Ingredients Market, Conclusions And Recommendations
- Appendix
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