Bulk Food Ingredients Market

Bulk Food Ingredients Market

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

4.6 (32 reviews)
4.6 (32 reviews)
Published: 2023 ID: SMRC22701

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $322.54 BN

Projected Year Value (2028)

US $489.50 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

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

Largest Market

Asia Pacific

Highest Growing Market

North America

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.

Market Dynamics:


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.

Covid-19 Impact

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.

Key Developments:

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.

Types Covered:
• Primary Processed
• Secondary Processed

Distribution Channels Covered:
• Distributors
• Direct from manufacturers

Applications Covered:
• Beverages
• Food

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 Qatar
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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
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
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
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
5.1 Introduction
5.2 Primary Processed
5.2.1 Sugar & Salt
5.2.2 Grains, Pulses and Cereals
5.2.3 Tea, Coffee and Cocoa
5.2.4 Oilseeds
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
6.1 Introduction
6.2 Distributors
6.3 Direct from manufacturers

7 Global Bulk Food Ingredients Market, By Application
7.1 Introduction
7.2 Beverages
7.2.1 Non-Alcoholic Beverages
7.2.2 Alcoholic Beverages
7.2.3 Other Beverages
7.3 Food
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
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
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
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Olam Group Limited
10.2 Cargill Incorporated
10.3 Essex Food Ingredients
10.4 ADM
10.5 Corbion
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.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at info@strategymrc.com

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