Bulk Food Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Bulk Food Ingredients Market Analysis
The bulk food ingredients market is expected to register a CAGR of 4.9% over the next five years.
- The bulk ingredients market is driven by lifestyle factors such as the demand for convenient, packaged, and ready-to-eat foods, including confectionery items, biscuits, beverages, and chocolates. The growth in food service retail chains with an increasing number of eateries and cafes has boosted the market. These establishments purchase a significant quantity of food ingredients such as grains, spices, and herbs from wholesale suppliers. In response to market demand, players are launching new products, such as Emami Group's Mantra Spices, a range of spices launched across India in July 2022.
- Changing lifestyles, western culture adoption, and an increasing working population are also driving the growth of the bulk ingredients market. Additionally, the shift towards tea and coffee beverages over carbonated drinks is expected to drive market growth. Market players are launching different types of herbal and ayurvedic teas that are also beneficial to health, increasing their demand in many parts of the world. For example, Herbal Green Tea launched a range of herbal teas to improve lifestyles in India in October 2021. As a result, the market is expected to grow over the next five years.
- However, the lack of infrastructure facilities and the easy contamination of bulk food ingredients, along with volatile price fluctuations, may restrain the global market growth. Players in the market need to focus on developing robust supply chains and storage facilities and maintaining hygiene standards to mitigate these challenges.
Bulk Food Ingredients Market Trends
Increased Demand for Convenience Foods
- The demand for convenient and prepared food products continues to grow, fueled by changing lifestyles and an increasingly busy working population. Consumers appreciate the reduced preparation time and easy handling that convenience foods offer. This trend has led to an increase in demand for bulk food ingredients among food manufacturers.
- Moreover, consumers are now more conscious of the ingredients used in their food products and are demanding clean labels and organic ingredients. Natural ingredients, such as organic spices, grains, and other raw materials, offer numerous benefits over synthetic ingredients, and market players are incorporating them into their food and beverage offerings. In July 2022, Sweegen Inc launched a line of Stevia-based sweeteners extracted from organic stevia that can be used in soft drinks and other products.
Asia-Pacific is the Fastest Growing Region
- Due to urbanization, a growing working population, and the influence of Western culture, there has been an increase in consumer demand for processed food. Additionally, market growth is being driven by the increasing trend of vegan and non-genetically modified organism (GMO) foods.
- Plant-based products are particularly popular in Asian countries, leading to a growing demand for organic and non-GMO ingredients like grains, pulses, and cereals in the region. In addition, countries such as China, India, and Japan have a strong inclination toward tea consumption, and as a result, the demand for tea is increasing in the region.
- In September 2022, Dabur India entered the premium tea category with the introduction of a new product called Dabur Vedic Tea, which is a premium category of black tea that falls under the health supplements section of the market. Over the medium term, the market is expected.
Bulk Food Ingredients Industry Overview
The market for bulk food ingredients is characterized by intense competition and fragmentation, with numerous regional and global players operating in the sector. Key players in the market include Cargill Incorporated, Associated British Foods plc, Tate & Lyle PLC, DuPont de Nemours, Inc., and Archer Danials Midland Company. These leading companies have adopted various strategic approaches, such as mergers, expansions, acquisitions, and partnerships, as well as new product development, to enhance their brand presence and increase their market share among consumers.
Bulk Food Ingredients Market Leaders
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Cargill Incorporated
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Associated British Foods plc
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Tate & Lyle PLC
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DuPont de Nemours, Inc.
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Archer Danials Midland Company
*Disclaimer: Major Players sorted in no particular order
Bulk Food Ingredients Market News
- February 2023: Reinforcing its commitment to expand the edible oils portfolio to South India, Cargill has announced the launch of Gemini Pureit in Karnataka. The Gemini Pureit brand will be available to consumers across stores in four Southern states of Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu.
- November 2021: Cargill Incorporated acquired an edible oil refinery located in Nellore in Andhra Pradesh. Cargill's investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand.
- October 2021: Sweegen Inc expanded its sweetener portfolio with the launch of zero-calorie, high-intensity sweetener brazzein. The sweetener claims to be 500-2000 times sweeter than regular sugar and can be used in food and beverage products.
Bulk Food Ingredients Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Category
5.1.1 Primary Processed
5.1.2 Secondary Processed
5.2 Type
5.2.1 Grains, Pulses, and Cereals
5.2.2 Tea, Coffee, and Cocoa
5.2.3 Herbs and Spices
5.2.4 Oilseeds
5.2.5 Sugar and Sweeteners
5.2.6 Edible Oil
5.2.7 Other Types
5.3 Application
5.3.1 Bakery and Confectionery
5.3.2 Snacks and Spreads
5.3.3 Ready Meals
5.3.4 Other Applications
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Italy
5.4.2.6 Spain
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Key Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Incorporated
6.3.2 Archer Danials Midland Company
6.3.3 Associated British Foods PLC
6.3.4 Tate & Lyle PLC
6.3.5 DuPont de Nemours Inc.
6.3.6 Ingredion Incorporated
6.3.7 Olam International
6.3.8 Koninklijke DSM NV
6.3.9 Sweegen Inc
6.3.10 Hain Celestial Group (Celestial Seasonings)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Bulk Food Ingredients Industry Segmentation
Bulk food ingredients refer to raw or semi-processed food materials purchased in large quantities from wholesale suppliers. These ingredients are often used in the food processing and manufacturing industry to produce a wide range of food products, including snacks, beverages, baked goods, and more. Some common examples of bulk food ingredients include grains, flour, sugars, spices, oils, nuts, seeds, and dried fruits.
The market for bulk food ingredients has been segmented by category into primary and secondary processed. By product type into grains, pulses, cereals, tea, coffee, cocoa, herbs and spices, oilseeds, sugar and sweeteners, edible oils, and other product types. By application into bakery and confectionery, snacks and spreads, ready meals, and other applications. By geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Category | |
| Primary Processed | |
| Secondary Processed |
| Type | |
| Grains, Pulses, and Cereals | |
| Tea, Coffee, and Cocoa | |
| Herbs and Spices | |
| Oilseeds | |
| Sugar and Sweeteners | |
| Edible Oil | |
| Other Types |
| Application | |
| Bakery and Confectionery | |
| Snacks and Spreads | |
| Ready Meals | |
| Other Applications |
| Geography | |||||||||
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Bulk Food Ingredients Market Research FAQs
What is the current Bulk Food Ingredients Market size?
The Bulk Food Ingredients Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in Bulk Food Ingredients Market?
Cargill Incorporated, Associated British Foods plc, Tate & Lyle PLC, DuPont de Nemours, Inc. and Archer Danials Midland Company are the major companies operating in the Bulk Food Ingredients Market.
Which is the fastest growing region in Bulk Food Ingredients Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bulk Food Ingredients Market?
In 2024, the North America accounts for the largest market share in Bulk Food Ingredients Market.
What years does this Bulk Food Ingredients Market cover?
The report covers the Bulk Food Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bulk Food Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bulk Food Ingredients Industry Report
Statistics for the 2024 Bulk Food Ingredients market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Bulk Food Ingredients analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
