New York, NY, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Food Processing Ingredient Market by Product Type (Emulsifiers, Proteins, Yeast, Starch Derivatives & Modified Starch, Enzymes, Antioxidants, Release Agents, Acidity Regulators, and Food Stabilizers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024”. According to the report, the global food processing ingredient market accounted for USD 42.08 billion in 2017 and is expected to reach USD 56.42 billion by 2024, growing at a CAGR of around 4.6% between 2017 and 2024.
The global food processing ingredient market is expected to witness significant growth over the forecast period on account of increasing food industry across the globe. Rapid urbanization and changing lifestyles have created awareness among the population regarding the practice of using food processing ingredients. The rising demand for protein and antioxidants products is expected to be a major driver for the food processing ingredient market. The growing awareness among the population regarding the adverse effects of the varying climatic and environmental conditions on the health has further increased the demand for food processing ingredients. Furthermore, changing trends in food and a healthy lifestyle are also expected to fuel the growth of the food processing ingredient market.
Browse through 36 Tables & 19 Figures spread over 167 Pages and in-depth TOC on “Global Food Processing Ingredient Market: Industry Type, Size, Share, Trends and Forecast, 2017 - 2024”.
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However, increased regulations on the manufacturing and usage of food processing ingredients and the variable fraud-related to food acts as the restraints to the growth of the food processing ingredient market within the forecast period. Rising demand for the natural and unprocessed ingredient is expected to provide opportunities for the key players in the industry.
Protein and antioxidant product segment dominated the global food processing ingredient market in 2017. In addition, the protein segment accounted for over 35.0% of the global revenue and is expected to witness lucrative growth over the next six years owing to the rising demand for nutritious food. Yeast and enzyme emerged as the second leading segment and is expected to grow on account of increasing demand for convenience, confectionery & bakery, and fast food products.
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By application, the beverage is growing at the highest CAGR during the forecast period. This can be attributed to the increasing demand for nutritious food across the globe. Bakery & confectionery is expected to contribute to the highest demand of the food processing ingredient in the FMCG segment over the forecast period
Europe region held the largest market share among other regions in 2017. Rising standard of living and health benefits of food processing ingredients is expected to fuel the growth of food processing ingredient market. In addition, Germany and Italy are also expected to be a major point of attraction for the key market players.
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The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2024. Asia Pacific has the second largest global market share and is expected to grow in light of urbanization and rising disposable incomes in the countries of the region. The enormous population in countries such as India and China are also expected to be a major point of attraction for the key market players.
North America accounted for a considerable amount of the market share in 2017. The region is expected to witness moderate growth on account of market saturation. The food industry in countries like the U.S. and Canada is expected to aid the growth of this industry. However, strict regulations set by the U.S. FDA could restrain the growth of this industry. The shift in consumer preference towards natural food processing ingredient products is expected to provide opportunities for growth in the food processing ingredient market.
Browse the full "Food Processing Ingredient Market by Product Type (Emulsifiers, Proteins, Yeast, Starch Derivatives & Modified Starch, Enzymes, Antioxidants, Release Agents, Acidity Regulators, and Food Stabilizers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/food-processing-ingredient-market
Latin American food processing ingredient market is expected to witness significant growth over the forecast period as a result of increasing demand for ready to eat and prepared food products in Brazil. The rising disposable incomes and increasing awareness among the consumers are expected to fuel the growth of the food processing ingredient market in the region. In addition, effective marketing strategies by companies such as digital advertising campaigns will spur the convenient food sector.
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Countries in the Middle East and Africa have witnessed a rise in the living standards and infrastructure. Recently improved educational and healthcare facilities in Africa have raised awareness among the residents regarding nutritious food. Globalization and the heavy influx of expatriates in the Middle East, especially in countries such as UAE, Qatar, and Oman have increased the demand for nutritious fruit products in this region. This has enabled to create awareness among the key players to tap the markets of the Middle East & Africa. These developments are expected to drive the food processing ingredient market within the forecast period.
The key players in this industry are Tate & Lyle, Kerry Group, DuPont, Ingredion, Cargill, and ADM.
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This report segment of the food processing ingredient market as follows:
Global Food Processing Ingredient Market: Product Segment Analysis
- Modified Starch & Starch Derivatives
- Protein
- Food Stabilizers
- Emulsifiers
- Yeast
- Enzymes
- Acidity regulators
- Antioxidants
- Release Agents
Global Food Processing Ingredient Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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