Bulk Food Ingredients Market

The Bulk Food Ingredients Market is predicted to rise to USD 1,201 million by 2028, witnessing 4.5% CAGR during 2021-2028

Introduction of the Bulk Food Ingredients Market Report
Bulk food ingredients are the food components used in processed, packaged, and ready-to-eat foods like biscuits, chocolates, beverages, and confectionery items. The bulk food ingredients include dry fruits, artificial sweeteners, dehydrated vegetables, nuts & seeds, coffee & tea extracts, and sugars. These are purchased directly from wholesalers in bulk and is also termed as whole food ingredient.

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Market Dynamic
Key Drivers and Emerging Trends
The increasing consumption of processed food with the rapidly increasing world population is the key factor driving the market growth of the global Bulk Food Ingredients Market. The increasing demand for innovative products combined with more delicious tastes and flavors boost the market growth of the bulk food ingredients market. Moreover, with the rising health concerns and growing prevalence of lifestyle-induced diseases have inclined people toward a healthy food such as squash, bok choy in their diet. Moreover, merger and acquisition among the company has further boosted the growth of this market. For instance, in 2021 Agthia Group, an Abu Dhabi-based food and beverages company, acquired Nabil Foods a processed meat producer. This acquisition helped Agthia to enter in the processed protein industry and also expands its flour, convenience food, dates, bottled water, and animal feed businesses. Thus, these factors have positively boosted the growth of this market.

Restraint in the Bulk Food Ingredients Market
The price of bulk food ingredients is fluctuations in nature which has hampered the growth of this market. Moreover, the lack of infrastructure and storage facilities and easy contamination of bulk food ingredients will also restrain the growth of this market.

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Type – Segment Analysis
Based on the Type, Herbs & spices are expected to grow at a higher CAGR rate in the global bulk food ingredients market during the forecast period owing to the usage of such ingredients across wide range of products such as beverages to meat products and frozen foods among others. Additionally, the usage of food products such as sauces, soups, condiments, and dressing has increased globally and is increasing the demand for herbs and spices. For instance, in Aug 2019, Coca-Cola had launched a new cinnamon-flavored coke in the U.K.

Application – Segment Analysis
Based on the application, Ready meals is expected to grow at a higher CAGR rate in the global bulk food ingredients market during the forecast period due to the rising consumption of ready meals with the constantly changing lifestyle trends. Ready meals come with a variety of bulk food ingredients such as spices, pulses, grains, nuts, dried fruits, sugar, salt, etc. Thus, these varieties of choices have boosted the growth of this segment.

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Regional – Segment Analysis:
Based on the region, the North America region is expected to witness a substantial growth rate in the Bulk Food Ingredients Market owing to increasing consumption of pre-packaged food and ready-to-eat food products, increasing consumption of alcoholic and non-alcoholic beverages such as Root Beer, Egg Cream etc. in this region. Moreover, the presence of leading players such as ADM, DuPont, Cargill, Incorporated, McCormick & Company, Inc. in this region has boosted the growth of this region in the global Bulk Food Ingredients Market.

Top Market Players
Various notable players operating in the market, include, Tate & Lyle, ADM, Olam International, Cargill, Incorporated., Associated British Foods plc, EHL Ingredients, The Source Bulk Foods, Pure Ingredients Ltd., Ingredients Inc., Organic Partners International, LLC, among others.

Key Developments:

• • In April 2021, Olam Food Ingredients acquired Olde Thompson, a leading US private label spices and seasonings manufacturer at an enterprises value of US$950 million.
  • In Feb 2021 – Tate & Lyle PLC acquired 85% shareholding in Chaodee Modified Starch Co., Ltd. This will help Tate & Lyle PLC to strengthen its tapioca food starch segment in the Asia Pacific market.

Segments covered in the Report:
The global Bulk Food Ingredients Market has been segmented on the basis of Type, Application, and regions. Based on Type, the market is segmented into Primary Processed and Secondary Processed. The Primary Processed segment is further categorized into Grains & Seeds, Herbs & Spices, Sugar, Salt, Oilseeds, Nuts and Others. The Secondary Processed segment is further categorized into Dry Fruits & Nuts, Processed Grains & Seeds, Flour, Processed Herbs & Spices, Sugar & sweeteners, Sea Salt and Others. Based on Application, the market is segmented into Ready Meals, Bakery Products, Confectionery Products, Snacks & Spreads and Other.

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Key questions answered in this research report:

• • At what pace is global Bulk Food Ingredients Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Bulk Food Ingredients Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Bulk Food Ingredients Market?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Bulk Food Ingredients Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Bulk Food Ingredients Market by Type

• • Primary Processed
    • Grains & Seeds
    • Herbs & Spices
    • Sugar
    • Salt
    • Oilseeds
    • Nuts
    • Others
  • Secondary Processed
    • Dry Fruits & Nuts
    • Processed Grains & Seeds
    • Flour
    • Processed Herbs & Spices
    • Sugar & sweeteners
    • Sea Salt
    • Others

Global Bulk Food Ingredients Market by Application

• • Ready Meals
  • Bakery Products
  • Confectionery Products
  • Snacks & Spreads
  • Other

Global Bulk Food Ingredients Market by Region

• • North America Bulk Food Ingredients Market (Option 1: As a part of the free 25% customization)
    • North America Bulk Food Ingredients Market by Type
    • North America Bulk Food Ingredients Market by Application
    • US Bulk Food Ingredients Market All-Up
    • Canada Bulk Food Ingredients Market All-Up
  • Europe Bulk Food Ingredients Market (Option 2: As a part of the free 25% customization)
    • Europe Bulk Food Ingredients Market by Type
    • Europe Bulk Food Ingredients Market by Application
    • UK Bulk Food Ingredients Market All-Up
    • Germany Bulk Food Ingredients Market All-Up
    • France Bulk Food Ingredients Market All-Up
    • Spain Bulk Food Ingredients Market All-Up
    • Rest of Europe Bulk Food Ingredients Market All-Up
  • Asia-Pacific Bulk Food Ingredients Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Bulk Food Ingredients Market by Type
    • Asia-Pacific Bulk Food Ingredients Market by Application
    • China Bulk Food Ingredients Market All-Up
    • India Bulk Food Ingredients Market All-Up
    • Japan Bulk Food Ingredients Market All-Up
    • Rest of APAC Bulk Food Ingredients Market All-Up
  • RoW Bulk Food Ingredients Market (Option 4: As a part of the free 25% customization)
    • RoW Bulk Food Ingredients Market by Type
    • RoW Bulk Food Ingredients Market by Application
    • Brazil Bulk Food Ingredients Market All-Up
    • South Africa Bulk Food Ingredients Market All-Up
    • Saudi Arabia Bulk Food Ingredients Market All-Up
    • UAE Bulk Food Ingredients Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Bulk Food Ingredients Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Tate & Lyle
  • ADM
  • Olam International
  • Cargill, Incorporated.
  • Associated British Foods plc
  • EHL Ingredients
  • The Source Bulk Foods
  • Pure Ingredients Ltd.
  • Ingredients Inc.
  • Organic Partners International, LLC