The Global Food Processing Ingredients Market is projected to reach a value of over USD 66.6 billion by 2027 at a CAGR of around 5.2%.
Food Processing is the process of transforming agricultural products into different foods. Food processing ingredients are used to enhance the taste, blend, thicken, protect, and color foods, along with the lessening effect of nutritional deficiencies. A variety of useful functions are performed in foods which include maintaining taste, freshness, texture, & appearance of the food & protect nutritional value using food processing ingredients.
Market Driver:
Growing preference of consumers for healthy food & safety foods coupled with food safety has expected to drive the food processing ingredients market during the forecasted period. Consumers are becoming alert regarding the production and sourcing process for processed food consumed by them. Thus, companies are developing certified food processing ingredients in order to suffice the quality and safety standards expected by consumers. Moreover, increasing consumption of convenience food owing to increasing number of working population, and changing lifestyle has expected to increase the demand for processed food. Thus, rising demand for processed food across the globe has expected to drive the growth of food processing ingredients market during the forecasted period.
Market Restraint:
Despite of advances in legislation, technologies, regulations, and transparency, food related frauds have continued to threaten both lives and livelihood. Food fraud refers to the intentional and deliberate addition, substitution, tempering with or misrepresentation of food, ingredients, or packaging at some stages of production cycle or product distribution. Moreover, it also refers to false or misleading statements made about a food or drink product for economic gain. Thus, increasing instances of food-related frauds for economic gain has expected to hinder the growth of market during the forecasted period.
The report on the food processing ingredients market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Nature, Ingredients, Application, End-use, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Food Processing Ingredients Market, by Nature
Food Processing Ingredients Market, by Ingredients
Food Processing Ingredients Market, by Application
Food Processing Ingredients Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE FOOD PROCESSING INGREDIENTS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY