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Food Processing Ingredients Market - By Type, By Delivery Mode and Geography – Global Market Share, Trend Analysis & For

The global food processing ingredients market is forecast to grow at a CAGR of 6.5% to 7.3% during the forecast period 2019 to 2024
Axiom MRC | 28.06.2018

Food processing ingredient are used to preserve, flavour, blend, thicken and colour foods, and played a key role in reducing serious nutritional deficiencies among consumers. These ingredients also help ensure the availability of flavourful, nutritious, safe, convenient, colourful and affordable foods that meet consumer expectations. Food processing ingredients perform a variety of useful functions in foods that includes, maintaining the safety and freshness of the food, maintain nutritional value and improve taste, texture & appearance of the food.

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The global food processing ingredients market is forecast to grow at a CAGR of 6.5% to 7.3% during the forecast period 2019 to 2024. Food processing ingredients market is primarily driven by rising adoption of convenient food, increasing awareness regarding food-borne diseases among consumers and growth trend in alcoholic beverage consumption. Further, the augmenting demand for natural food ingredients, owing to the increasing awareness regarding additional health benefits of food processing ingredients, among consumers is likely to boost the market. However, implementation of strict government regulations and standards and lengthy procedure of approval before the commercial introduction of products may hinder the growth of food processing ingredients market during forecast period.

The report analysis the food processing ingredients market based on product type into starches and starch derivatives, proteins, enzymes, yeast, antioxidants, emulsifiers, acidity regulators, vegetable oils & fats and others. Others includes functional ingredients, flavours, colours, etc. Starches and starch derivatives accounted for the largest share of the food processing ingredients market in 2016. The increase in population, rise in demand for processed food products, and abundant availability of raw materials such as corn and wheat fuel the market growth for the segment. Furthermore, the market for yeast is projected to grow at the highest CAGR during the forecast period owing to significant growth in the bakery and brewery industries.

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Based on the source, the market is categorized into natural and synthetic. Natural food processing ingredients segment dominates the food processing ingredient market. Factors such as increasing consumer preferences for healthy and awareness regarding food-borne diseases among consumers are fuelling the growth of the market. Moreover, rising influence of busy lifestyles in urban areas, enhances the growth of the natural food processing ingredients market.

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About the tenderer: Axiom MRC

Axiom Market Research & Consulting™ (also known as Axiom MRC), is a full-service market research and data analytics firm.