Bulk-Ingredients Market: Global Industry Analysis and Forecast(2023-2029)

The Bulk-Ingredients market is expected to reach US$ 1216.8 Mn., with a CAGR of 4.8% for the period 2023-2029, as customers' spending power has grown and lifestyle.
Bulk-Ingredients Market Definition:
Global Bulk-Ingredients Market size was valued at US$ 876.4 Mn. in 2022 and the total revenue is expected to grow at 4.8% through 2023 to 2029, reaching nearly US$ 1216.8 Bn. Bulk-Ingredients are food components that are utilized in processed foods, packaged foods, and ready-to-eat foods. Bulk-Ingredients were utilized as raw materials in foods such as biscuits, chocolates, drinks, and confectionery items. Food items such as nuts, spices, grocery items, chocolates, and beverages are examples of Bulk-Ingredients. Bulk-Ingredients are accessible in both processed and unprocessed forms.To know about the Research Methodology :- Request Free Sample Report
Bulk-Ingredients Market Drivers:
The Growing Convenience Food Demand World wide

As customers' spending power has grown and their lifestyles have become busier, the demand for convenience food has continuously going up. As a result of this increasing convenience food demand, bakery goods, fast food goods, and sweets have all seen a jump in demand. As per capita, food expenditure rises in lockstep with per capita income in emerging countries, demand for convenience meals is on the rise. Bulk-Ingredients such as herbs and spices, as well as sweeteners, drive the global Bulk-Ingredients industry. These components go into supplying food with crucial organoleptic properties as well as providing the food product with a longer than normal shelf life.

Bulk-Ingredients firms are engaged in making expansions plans, new product launches, and acquisitions, which is propelling the market for Bulk-Ingredients. For example, Archer Daniels Midland Company bought Yerbalatina Phytoactives, a natural products manufacturer based in Brazil, in January 2022. This acquisition will help the company develop globally.

Also, Tate & Lyle PLC will launch a new sustainability initiative to promote stevia production in China in July 2022, with the goal of reducing environmental impact and increasing economic value from the plant-derived sweetener's manufacturing. Farmers in Dongtai, East China, will be instructed to upgrade farming practices and achieve long-term stevia growth through this programme.

Bulk-Ingredients Market Opportunities:

Due to the rise in population and need for food items, demand for food ingredients is expected to increase at a moderate rate in established countries such as Japan and Germany, while exponential growth is expected in new and emerging markets of other Asia Pacific countries. Moreover, Asia offers cost advantages in terms of manufacturing and processing. In developed economies such as North America and Europe, demand for food components is expected to continue high. In the future, developing economies such as China and India are expected to see an increase in demand for food ingredients.

The Bulk-Ingredients Market Challenges:

Processors of bulk food components face a number of challenges, including maximizing available space, handling varying storage temperatures, and responding to rapid stock turnover while maintaining hygiene and product traceability. The high initial investment required to enter the market is one important factor that could hamper the Bulk-Ingredients market growth.
Bulk-Ingredients Market Segmentation:
The Bulk-Ingredients market is segmented into Type, Application, and distribution channels.

Based on the distribution channel segment: The Bulk-Ingredients market is further sub-segmented into Direct from manufacturers and Distributors. Among these, the direct manufacturer's segment is expected to hold the largest market share of 55% of the global market by 2029. This is mainly because of fluctuation in the costs of raw material, prices of competitive/substitute products, sales techniques, economies of scale, specialized benefits, and business laws & regulations are all common elements that promote the growth of the manufacturing market at the local level. Manufacturers' investments in R&D for the development of new products and solutions are expected to drive market growth. Globally, the number of research initiatives on processed and convenient foods is growing. The rise in R&D activity for processed and convenience foods is expected to have an impact on the manufacturing of Bulk-Ingredients.
Bulk-Ingredients Market Regional Insights:
Because of the vast consumer base, the Asia-Pacific Bulk-Ingredients market accounted for 41% market share in 2022. The amount of money invested in emerging countries such as China, India, Japan, and Australia to strengthen the beverage industry with high nutritional value is skyrocketing. The big businesses in various regions are utilizing various techniques, such as releasing new items to meet consumer needs, resulting in increased product demand. China's economic growth, supported by large-scale expenditures in technology and research, is beneficial to regional development. In order to address concerns such as economic injustice and urbanization, China's food & beverage industry is expected to undergo considerable changes. Because of rising ingredient consumption, North America is expected to be the fastest-growing region between 2022 and 2029.

The objective of the report is to present a comprehensive analysis of the global Bulk-Ingredients to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Bulk-Ingredients dynamics, structure by analyzing the market segments and project the Bulk-Ingredients size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Bulk-Ingredients make the report investor’s guide.
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Global Bulk-Ingredients Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 876.44 Mn.


Forecast Period 2023 to 2029 CAGR:
4.8%
Market Size in 2029:
US $ 1216.8 Mn.


 Segments Covered:
by Type
•  Primary processed Bulk-Ingredients
o Grains, pulses, and cereals
o Tea, coffee, and cocoa
o Nuts
o herbs & spices
o Oilseeds
o Sugar
o Salt
o Other types (dried vegetables and citric acid)
• Secondary processed Bulk-Ingredients
o Processed grains, pulses, and cereals
o Vegetable oil
o Tea, coffee, and cocoa
o Dry fruits & processed nuts
o Flours
o Sugar & sweeteners
o Processed herbs & spices
o Sea salt
o Other types (dried vegetables and citric acid)


by Application
• Food
o Bakery products
o Snacks & spreads
o Ready meals
o Confectionery products
o Other food applications (dairy products and infant formula)
• Beverages
o Alcoholic beverages
o Non-alcoholic beverages
o Hot beverages
o Cold beverages


by Distribution Channel
• Direct from manufacturers
• Distributors



Bulk-Ingredients Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Bulk-Ingredients Market, Key Players are:
• Tate & Lyle PLC
• Archer Daniels Midland Company
• DuPont
• Olam International
• Cargill, Incorporated
• Ingredion Incorporated
• Associated British Foods plc
• EHL Ingredients
• DMH Ingredients, Inc.
• Community Foods Limited
• McCormick & Company, Inc.
• The Source Bulk Foods
• Essex Food Ingredients
• The Green Labs LLC
• Ingredients Inc.
• GCL Food Ingredients
• Pure Ingredients
• Organic Partners International, LLC.
Frequently Asked Questions:
1. Which region has the largest share in Bulk-Ingredients Market?
Ans: Asia Pacific held the largest share in 2022.

2. What is the growth rate of the Bulk-Ingredients Market?
Ans: The Bulk-Ingredients Market is growing at a CAGR of 4.8% during the forecasting period 2023-2029.

3. What segments are covered in Bulk-Ingredients market?
Ans: Bulk-Ingredients Market is segmented into Type, Application, distribution channel, and region.

4. Who are the key players in Bulk-Ingredients market?
Ans: The important key players in the Bulk-Ingredients Market are - Tate & Lyle PLC, Archer Daniels Midland Company, DuPont, Olam International, Cargill, Incorporated, Ingredion Incorporated, Associated British Foods plc, EHL Ingredients, DMH Ingredients, Inc., and Community Foods Limited, McCormick & Company, Inc., The Source Bulk Foods, Essex Food Ingredients, The Green Labs LLC, Ingredients Inc., GCL Food Ingredients, Pure Ingredients, and Organic Partners International, LLC.

5. What is the study period of this market?
Ans: The Bulk-Ingredients Market is studied from 2022 to 2029.