Bulk Food Ingredients Market Forecasts to 2028 - Global Analysis By Type (Primary Processed and Secondary Processed), Distribution Channel (Distributors and Direct from manufacturers), Application and By Geography
Estimated Year Value (2022)
US $322.54 BN
Projected Year Value (2028)
US $489.50 BN
CAGR (2022 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Bulk Food Ingredients Market is accounted for $322.54 billion in 2022 and is expected to reach $489.50 billion by 2028 growing at a CAGR of 7.2% during the forecast period. Bulk food ingredients are food components used as raw materials in processed foods, ready-to-eat foods, packaged drinks and foods, and other products. Bulk food ingredients are raw materials utilised at the front end of the food manufacturing industry. They include grains, flour, starches, spices, sugar, chocolate, dry beans and legumes, nuts, and other components used in the manufacturing of food and beverage goods. These ingredients are utilised by manufacturers, food service providers, and other large-scale food enterprises.
According to the Food and Agricultural Organization (FAO), nearly one-third of all produced foods (1.6 billion tonnes of edible food) are lost annually along the supply chain, costing nearly USD 936 billion.
Increasing consumer demand for gourmet ingredients
The cultural influence and increased interest in culinary skills among the homebound boost the demand for gourmet food ingredients. Gourmet food is distinguished by the use of high-quality ingredients and the lavish presentation of dishes. These dishes typically include items that require extra care and are difficult to get. Food makers are increasingly relying on bulk distribution options as gourmet ingredients are sourced abroad and can be located in certain regions. To increase demand, several companies are creating unique herb and spice mixes, sauces and condiments, and innovative packaging techniques.
Improper storage management and infrastructure
Food products are lost mostly during post-harvest and processing in impoverished nations due to poor practises, technical and technological limits, manpower and budgetary constraints, and a lack of suitable transportation and storage facilities. Food waste in developed countries surpasses 222 million tonnes, whereas total net output in Sub-Saharan African (SSA) countries is 230 million tonnes. These reasons are impeding the growth of the global bulk food ingredients industry.
Untapped markets in emerging economies
The demand for food ingredients is expected to rise dramatically as the population ages. In contrast, demand for food items is predicted to develop rapidly in other Asia-Pacific emerging markets due to rising population and demand for food products. Demand for food ingredients is predicted to continue high in developed economies such as Europe and North America. Food ingredients would be in more demand in developing countries such as China and India in the next years.
Unstable agricultural supply results in price volatility
Pricing is a major impediment in the bulk food ingredients market. Raw material prices, such as the pricing of starch and sugar for sweetener components, fluctuate. Price fluctuations are a normal occurrence in well-functioning agricultural commodity marketplaces. Import duties, export taxes, non-tariff obstacles, and domestic policies such as price support all impact price changes in domestic markets. According to FAO, the global markets have seen a series of extreme changes in commodity prices.
The advent of the COVID-19 pandemic has hampered the expansion of the bulk ingredients market. Because of trade impediments, insufficient distribution networks, and interruptions in raw material supply, the prices of such raw materials increased significantly as a result of the global lockdown. Increased fees, inaccessibility of bulk ingredients, and production expenses are impeding the global bulk ingredients market's growth.
The primary processed segment is expected to be the largest during the forecast period
The primary processed segment is estimated to have a lucrative growth, due to the dominance of grains, pulses, and cereals, grains, pulses, and cereals are dry, hard, and tiny seeds harvested for animal or human consumption. Primary processing is the transformation of basic resources into bulk food components. The most common example of primary processing is milling. Food consumption continues to rise as a result of population expansion, changing diets, more disposable income, and urbanisation, leading in increased demand for ready-to-eat or convenience foods. This is expected to stimulate demand for grains, pulses, and cereals.
The food segment is expected to have the highest CAGR during the forecast period
The food segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rise in popularity of bakery products. Increasing consumer awareness of health and nutrition-related products has prompted bakery and confectionery manufacturers to incorporate functional ingredients such as probiotics, legumes, oats, fortified margarine, and cereals into their products. The Asia Pacific bakery market is primarily driven by rising demand for processed bakery products, as well as rising consumer awareness of clean label and healthy products.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period. The food and beverage business is experiencing increased demand across Asia Pacific, particularly in China, India, Australia and Japan. Because of its growing population and increased exposure to western lifestyles, the region is the key market for consuming processed and packaged food. Product demand in the region would be boosted by strong consumption growth in emerging nations led by GDP growth and middle-class income expansion.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. Strong economic development, changing lifestyle trends, growing living standards, and increased per capita expenditure on health and nutrition goods are predicted to drive demand. Baked goods are benefiting from rising consumer health consciousness and interest in healthy and nutritious products. The bulk food ingredients industry is expected to benefit from increased demand for baked items such as high-fiber, gluten-free, and trans fat products.
Key players in the market
Some of the key players profiled in the Bulk Food Ingredients Market include Olam Group Limited, Cargill Incorporated, Essex Food Ingredients, ADM, Corbion, Associated British Foods plc, Bunge Limited, Tate & Lyle PLC, Dmh Ingredients, Inc., DuPont de Nemours, Inc., Associated British Foods plc, GCL Food Ingredients, Koninklijke DSM N.V, McCormick & Company, Inc and EHL Ingredients.
In May 2022, Cargill built a new soybean processing facility in Southeast Missouri. Cargill announced plans to construct a new soybean processing facility in Pemiscot County, Missouri, close to Hayti and Caruthersville, to meet rising domestic and international demand for oilseeds driven by the food feed and fuel industries.
In May 2022, ADM Continued Evolution of Carbohydrate Solutions Business with Significant Expansion of Starch Production in Marshall, Minnesota. ADM, the global leader in nutrition and sustainable solutions, has announced an investment to significantly expand starch production at its Marshall, Minnesota, facility to support the continued expansion of the company's BioSolutions platform.
In April 2022, ADM Met Fast-Growing Demand for Alternative Proteins with Significant Capacity Expansion. ADM, the global leader in nutrition, announced that it would invest approximately $300 million to significantly expand its Decatur, Illinois, alternative protein production as the company continues to add capacity to meet strong demand growth. ADM will enhance its alternative protein capabilities by opening a new, state-of-the-art Protein Innovation Center in Decatur.
• Primary Processed
• Secondary Processed
Distribution Channels Covered:
• Direct from manufacturers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bulk Food Ingredients Market, By Type
5.2 Primary Processed
5.2.1 Sugar & Salt
5.2.2 Grains, Pulses and Cereals
5.2.3 Tea, Coffee and Cocoa
5.2.5 Herbs and Spices
5.2.6 Other Primary Processes
5.3 Secondary Processed
5.3.1 Processed Grains, Pulses and Cereals
5.3.2 Sugar & Sweetener
5.3.3 Processed herbs and spices
5.3.4 Dry Fruit & nuts
5.3.5 Other Secondary Processes
6 Global Bulk Food Ingredients Market, By Distribution Channel
6.3 Direct from manufacturers
7 Global Bulk Food Ingredients Market, By Application
7.2.1 Non-Alcoholic Beverages
7.2.2 Alcoholic Beverages
7.2.3 Other Beverages
7.3.1 Confectionery Products
7.3.2 Snacks and Spreads
7.3.3 Ready Meals
7.3.4 Bakery Products
7.3.5 Other Foods
8 Global Bulk Food Ingredients Market, By Geography
8.2 North America
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.5 Other Key Strategies
10 Company Profiling
10.1 Olam Group Limited
10.2 Cargill Incorporated
10.3 Essex Food Ingredients
10.6 Associated British Foods plc
10.7 Bunge Limited
10.8 Tate & Lyle PLC
10.9 Dmh Ingredients, Inc.
10.10 DuPont de Nemours, Inc.
10.11 Associated British Foods plc
10.12 GCL Food Ingredients
10.13 Koninklijke DSM N.V
10.14 McCormick & Company, Inc
10.15 EHL Ingredients
List of Tables
1 Global Bulk Food Ingredients Market Outlook, By Region (2020-2028) ($MN)
2 Global Bulk Food Ingredients Market Outlook, By Type (2020-2028) ($MN)
3 Global Bulk Food Ingredients Market Outlook, By Primary Processed (2020-2028) ($MN)
4 Global Bulk Food Ingredients Market Outlook, By Sugar & Salt (2020-2028) ($MN)
5 Global Bulk Food Ingredients Market Outlook, By Grains, Pulses and Cereals (2020-2028) ($MN)
6 Global Bulk Food Ingredients Market Outlook, By Tea, Coffee and Cocoa (2020-2028) ($MN)
7 Global Bulk Food Ingredients Market Outlook, By Oilseeds (2020-2028) ($MN)
8 Global Bulk Food Ingredients Market Outlook, By Herbs and Spices (2020-2028) ($MN)
9 Global Bulk Food Ingredients Market Outlook, By Other Primary Processes (2020-2028) ($MN)
10 Global Bulk Food Ingredients Market Outlook, By Secondary Processed (2020-2028) ($MN)
11 Global Bulk Food Ingredients Market Outlook, By Processed Grains, Pulses and Cereals (2020-2028) ($MN)
12 Global Bulk Food Ingredients Market Outlook, By Sugar & Sweetener (2020-2028) ($MN)
13 Global Bulk Food Ingredients Market Outlook, By Processed herbs and spices (2020-2028) ($MN)
14 Global Bulk Food Ingredients Market Outlook, By Dry Fruit & nuts (2020-2028) ($MN)
15 Global Bulk Food Ingredients Market Outlook, By Other Secondary Processes (2020-2028) ($MN)
16 Global Bulk Food Ingredients Market Outlook, By Distribution Channel (2020-2028) ($MN)
17 Global Bulk Food Ingredients Market Outlook, By Distributors (2020-2028) ($MN)
18 Global Bulk Food Ingredients Market Outlook, By Direct from manufacturers (2020-2028) ($MN)
19 Global Bulk Food Ingredients Market Outlook, By Application (2020-2028) ($MN)
20 Global Bulk Food Ingredients Market Outlook, By Beverages (2020-2028) ($MN)
21 Global Bulk Food Ingredients Market Outlook, By Non-Alcoholic Beverages (2020-2028) ($MN)
22 Global Bulk Food Ingredients Market Outlook, By Alcoholic Beverages (2020-2028) ($MN)
23 Global Bulk Food Ingredients Market Outlook, By Other Beverages (2020-2028) ($MN)
24 Global Bulk Food Ingredients Market Outlook, By Food (2020-2028) ($MN)
25 Global Bulk Food Ingredients Market Outlook, By Confectionery Products (2020-2028) ($MN)
26 Global Bulk Food Ingredients Market Outlook, By Snacks and Spreads (2020-2028) ($MN)
27 Global Bulk Food Ingredients Market Outlook, By Ready Meals (2020-2028) ($MN)
28 Global Bulk Food Ingredients Market Outlook, By Bakery Products (2020-2028) ($MN)
29 Global Bulk Food Ingredients Market Outlook, By Other Foods (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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