United States, Rokville MD, July 21, 2022 (GLOBE NEWSWIRE) -- Worldwide consumption of food processing ingredients is projected to increase at a noteworthy CAGR of 6.3% through 2032. Sales of food processing ingredients across the world are projected to rise at a high CAGR of 6.3% from 2022 to 2032.
This new research on the food processing ingredients market has been compiled by analysts at Fact.MR, a market research and competitive intelligence provider, and is equipped with a detailed analysis of the start-up landscape in this marketplace.
The growing food processing industry across the world is also anticipated to favor food processing ingredients market potential across the forecast period. High consumption of processed foods across the world has resulted in increasing demand for potato starch processing and other food service ingredients.
Increasing beverage consumption, rising working women population, growing urbanization, and changing consumer preferences are other factors that potentially drive shipments of food processing ingredients. Increasing dairy powder manufacturing is expected to positively influence food processing ingredient demand.
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Key Takeways From Market Study-
- The Europe food processing ingredients market accounts for a major market share of 35.2% in 2022 and holds a valuation of US$ 18 million.
- China food processing ingredients market currently stands at a valuation of US$ 3.9 million and accounts for a market share of 7.5% in the global marketplace.
- Increasing demand for convenience foods and the rising working women population are key factors that drive the food processing ingredients market growth in this region.
- In July 2022, String Bio, a start-up based in India leveraging the use of biotechnology to create novel food ingredients, announced that it had raised US$ 20 million in a Series B funding round.
Rising awareness of the benefits related to organic foods and the ill effects associated with the consumption of chemicals and inorganic ingredients are expected to bolster the consumption of organic food ingredients.
“Increasing Consumption of Processed & Packaged Driving Food Processing Ingredient Sales”
Over the past few years, the working women population has increased substantially and this has resulted in a sharp rise in demand for packaged and convenience foods.
Food processing ingredients are crucial in the preservation of these convenience foods and hence as demand for them rises it is projected to subsequently result in high consumption of food processing ingredients over the coming years.
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Competitive Landscape
Food processing ingredient manufacturers are focusing on collaborations, acquisitions, mergers, and partnerships to strengthen their foothold in the global landscape and increase their market presence.
Food processing ingredient suppliers also aim to diversify their product portfolios and fast track launch of their products through the aforementioned strategic initiatives.
- In May 2021, Amyris, a biotechnology company, formed a partnership with Ingredion Inc., a leading ingredient provider, to develop fermentation-based and sugar reduction ingredients.
Key Segments Covered in Food Processing Ingredients Industry Research
Food Processing Ingredients Market by Nature:
- Natural/Organic Food Processing Ingredients
- Synthetic Food Processing Ingredients
Food Processing Ingredients Market by Ingredient Type:
- Proteins
- Minerals
- Vitamins
- Antioxidants
- Enzymes
- Coloring Agents
- Sweeteners
Food Processing Ingredients Market by Application:
- Cereal Products
- Bakery & Confectionary
- Dairy Products
- Meat &Sea Food Products
- Beverages
- Others
Food Processing Ingredients Market by Region:
- North America
- Latin America
- Europe
- APAC
- MEA
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Fact.MR’s Domain Knowledge in Food & Beverage Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned food and beverage team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the food and beverage domain across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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