Food components which are used in processed food, packed food and ready-to-eat food come into bulk food ingredients category. Foods like biscuits chocolates, beverages, confectionary items used bulk food ingredients as raw material. Bulk food ingredients include food items like nuts, spices, grocery items, chocolates, beverages etc. bulk food ingredients available in both processed and non-processed form. Bulk food ingredients are called whole food ingredient. Health awareness of consumers is increasing which drives the market for healthy and fibrous food. Organic bulk food ingredients are used to make healthy food products. There are many factors affecting the Bulk food ingredient market, such as changing consumer preferences, ready meals, increased demand for snacks & spreads etc. Prices of bulk food ingredients are highly volatile and change across the region. Bulk food ingredients market is affected by unstable agriculture supply. Major restraint for this market is lack of adequate storage facility which affects the growth for bulk food ingredient market.
Increasing Demand for Convenience Food Products Drives the Market for Bulk Food Ingredients:
With the growing purchasing power of the consumers, coupled with a busier lifestyle patterns, the demand for convenience food has been on a constant rise. This increased demand for convenience food can also be observed in the increased demand for bakery food products, fast food products and desserts. The increase in demand of convenience foods can be observed more prominently in developing regions as the per capita expenditure on food increases with increased per capita income in the region. A major part of convenience foods is the bulk food ingredients that go into providing the food with the necessary organoleptic properties required, as well as to provide the food product with an longer than average shelf life so as to appeal to the consumers more.
Growth in the demand for bakery food directly correlates to the increased demand for food enzymes, flavors and colors.
The same pattern of food trends affected the demand for bulk food ingredients over the time and will continue to do so as food becomes an innate part of expression and celebrations.
Global Bulk Food Ingredients Market: Segmentation
On the Basis of Product Type, Global Bulk Food Ingredients Market Has Been Segmented as-
On the Basis of Application Global Bulk Food Ingredients Market Has Been Segmented As-
On the Basis of Region Global, Bulk Food Ingredients Market Has Been Segmented as-
Global Bulk Food Ingredients Market: Key Players
Some of the key players identified across the value chain of the global bulk food ingredients market include: EHL Ingredients, Tate & Lyle PLC, Associated British Foods plc, Cargill Incorporated, Community Foods Limited, Olam International, Archer Daniels Midland Company, DuPont, Ingredion Incorporated, DMH Ingredients, and The Source Bulk Foods UK. Etc.
Opportunities for Participants in the Bulk Food Ingredients Market-
The consumption of processed and ready-to-eat food is high in North America which leads to driving the market for bulk food ingredients. Asia-Pacific accounts for significant share in this market due to the changing lifestyle of the consumer. Most of the consumers in this region are the working population which leads to increase the demand for bulk food ingredients. Due to urbanization and global exposure in Asia Pacific countries processed food demand is increasing.
The preference for products with natural ingredients is trending among manufacturers as well as consumers in the global bulk food ingredients market. Owing to this trend, an increasing number of manufacturers are focusing on procuring bulk food ingredients and raw material that have been processed under ideal or suitable conditions.
Brief Approach to Research
Our analysis will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include: