The global bulk food ingredients market size was valued at USD 303.55 billion in 2022 and is and is expected to expand at a compound annual growth rate (CAGR) of 4.9% over the forecast period. Bulk food ingredients are those that are utilized in prepared foods, packaged foods, and processed foods. Bulk food ingredients were used as the main component in the creation of foods such as biscuits, chocolates, beverages, and confectionary items. Things like nuts, spices, groceries, chocolates, and beverages are examples of bulk food ingredients. Bulk food ingredients come in both processed and unprocessed forms. The need for ready-to-eat foods, frozen goods, and other healthier food options has been continuously increasing, especially in recent years, as a result of people’s busy lifestyles everywhere in the world. It is projected that this significant aspect will continue to drive the global bulk food ingredients market’s revenue growth during the ensuing ten years.
The exponential growth in the consumption of fast food as well as the expanding number of fast food restaurants and in-store bakeries are some additional major elements that are projected to have an impact on the likelihood of future market expansion for this global business.
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The growing global population and constantly changing lifestyle are expected to boost the market for bulk food ingredients during the following years. The increase in the number of working women and increased disposable incomes is a key factor fueling the market’s expansion. Additionally, increased urbanization, improvements in manufacturing process technology, and the growth of the convenience food industry are all expected to help the market in the upcoming years. The market may not be able to expand due to several constraints and challenges. The lack of a sufficient storage facility, the possibility of contamination as a result of the accessibility of bulk materials, and excessively unpredictable prices are expected to be the main contributors to market restrictions.
It is anticipated that the consumer switch from artificial and pre-packaged goods to organic, natural, and basic ingredients will have a favorable effect on market demand, particularly in developed nations.
Finished items like flours and oils, which are sold in big quantities but provide little value to the finished product, make up the majority of commodity/bulk components. These products are bought in big or bulk quantities from the wholesaler and supplied to convenience and retail stores.
Top Key Players of Global Bulk Food Ingredients Market:
Cargill Incorporated (US)
BASF SE (Germany)
DSM (Netherlands)
Orkla (Norway)
Croda International Plc (UK)
Lonza. (Switzerland)
Corbion (Netherlands)
GC Rieber (India)
Epax (Norway)
Runke Bioengineering (China)
Nordic Naturals, Inc. (US)
Sinomega Biotech Engineering Co. Ltd. (China)
Polaris (US)
Huatai Biopharm (China)
ALGISYS LLC (US)
Biosearch Life (Spain)
The Bulk Food Ingredients Market – Segmentation
Bulk Food Ingredients Market – Segmentation
The Bulk Food Ingredients Market by Type is categorized into:
Primary Processed
- Grains, pulses, and cereals
- Herbs & spices
- Sugar
- Tea, Coffee, and Cocoa
- Others
Secondary Processed
- Vegetable Oil
- Processed Herbs & Spices
- Processed Grains, Pulses, and Cereals
- Dried Fruits and Processed Nuts
- Others
The Bulk Food Ingredients by Application are classified into:
- Food and Beverages
- Snacks and Spreads
- Ready Meals
- Confectionery Products
- Bakery Products
Market Segmented by Region:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, Australia, Malaysia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Objectives of the Study:
- To provide with an exhaustive analysis on the Bulk Food Ingredients Market by Product, By Application, By End User and by Region.
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
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