Growth in Food & Beverage Industry Expected to Drive Clean Label Ingredients Market over the Forecast Period: Ken Research

0


Clean label ingredients are referred as natural ingredients that include flavors, food additives and colors, fruits & vegetables, starch & sweeteners, flour, salt and others. Clean-label ingredients are eco-friendly ingredients, which are organic, natural, non-GMO, and very minimally processed. The demand for these ingredients is growing, owing to rise in health concerns of the customers, regarding the adverse health effects of artificial ingredients.

According to study, “Clean Label Ingredients Market by Type (Natural Color, Natural Flavor, Starch & Sweetener, Natural Preservative, and Others) Application (Beverage, Bakery & Confectionary, Sauce & Condiment, Dairy & Frozen Dessert, and Other Processed Foods), and Form (Powder and Liquid): Global Opportunity Analysis and Industry Forecast 2019-2026”. Some of the key companies operating in the global clean label ingredients market are Cargill Inc., Corbion Inc., Archer Daniels Midland, company, Kerry Group PLC, Tate & Lyle, Ingredion Incorporated, Sensient Technologies, koninklijke DSM N.V., Frutarom, Chr Hasen A/S, and Dupont.

Based on type, clean label ingredients market is segmented as starch & sweeteners, natural flavors, natural colors, flours, fruit & vegetable ingredients, malt, flours and others (oils & shortenings, emulsifiers, natural preservatives, formation ingredients and other cereal ingredients). Natural colors segment dominates the market owing to rise in concern among consumers about the ill effects of artificial colors on their health, eco-friendly nature, and additional health benefits. Based on form type, market is segmented as liquid form and dry form. Dry form is anticipated to show higher CAGR due to its stability and ease in handling during supply chain activities during the forecast period. In addition, based on application, market is segmented as bakery, beverages, prepared food or ready meals & processed foods, dairy & frozen desserts, cereals & snacks and other applications (confectionery and condiment or culinary products (sauces, dips, dressings, and spreads)). The prepared food or ready meals & processed food segment accounted for the major share of the market because of busy lifestyles and convenience in usage coupled with rise in awareness among consumers about the ill-effects of artificial food additives for instance preservatives, flavors, and colors.

The clean label ingredients market is driven by growth in food & beverage industry, followed by increase in consumer demand for clean label products, rise in shift of consumer preference towards ready-to-eat food products and growth in disposable income. However, rise in demand for zero synthetic ingredients food product and high price of clean label ingredient product may impact the market. Moreover, growth in development of natural ingredients with functional benefits is a key opportunity for market.

Based on geography, the North-American and European regions hold major share in global clean label ingredients market owing to rise in demand from the food & beverage industry in the region. Whereas, the Asian-Pacific region is projected to witness higher growth rate due to increase in demand for different types of clean label ingredients & food items made by clean label ingredients over the forecast period. The clean label ingredients market was valued at US $38.8 billion in 2018, and is expected to reach US $64.1 billion by 2026, growing at a CAGR of 6.8% from 2019-2026.

For More Information, Click on the Link Below:-

Global Clean Label Ingredients Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Share.

Comments are closed.