According to Stratistics MRC, the Global Bulk Food Ingredients Market is accounted for $453.07 billion in 2020 and is expected to reach $733.09 billion by 2028 growing at a CAGR of 6.2% during the forecast period. Rapid growth in the packaged food & beverage industry, environmental and economic benefits, robust industrialization, growing number of fast food restaurants and in-store bakeries, booming population figures, rapid urbanization, and growing end-use applications are driving the market growth. However, storage management and infrastructure may hamper the market growth.
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By geography, Asia Pacific is expected to have considerable market growth during the forecast period, owing to rising disposable incomes, growing urbanization coupled with increased spending on convenient and ready-to-eat processed foods and improved standard of living in countries like China, India, Malaysia, Australia, and New-Zealand. Furthermore, the rising consumer awareness about the benefits of clean/natural label products in Asian countries is expected to offer growth opportunities to food & beverage manufacturers. India & China are likely to be the frontrunners of the Asian market, attributed to the concentration of the world’s largest population and the huge production of grain and seeds.
Some of the key players profiled in the Bulk Food Ingredients Market include Ajinomoto, Archer Daniels Midland Company, Associated British Foods PLC, Bunge Limited, Cargill Incorporated, Community Foods Limited, DMH Ingredients, Inc., EHL Ingredients, I. Du Pont De Nemours and Company, Ingredion Incorporated, Kirin Holdings, Koninklijke DSM N.V., Olam International, Sysco Corporation, and Tate & Lyle PLC.
Types Covered:
• Primary Processed Bulk Food Ingredients
• Secondary Processed Bulk Food Ingredients
Products Covered:
• Rice
• Green Food
• Custom Blended Products
• Gums
• Wheat Grains
Applications Covered:
• Food
• Beverages
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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