Bulk Food Ingredients Market Research Report Size, Analysis, till 2028

Bulk Food Ingredients Market

Bulk Food Ingredients Market size is expected to touch USD 1,201 Million by 2028, exhibiting a CAGR of 4.5% over the forecast period (2021-2028). Bulk food ingredients are the ingredients purchased directly from wholesalers in bulk and are used in ready-to-eat, processed, and baked items.

Growth in the bulk food ingredients market is driven by the expansion in packaged food and beverage industry, rising research and development activities, and increasing product innovation to introduce high-quality products. Also, a surge in demand for ready-to-eat food products such as biscuits and chocolates and an increase in the number of cafes that purchase a huge quantity of food ingredients from wholesale suppliers will bolster the market growth. Growing health concerns and incidences of lifestyle diseases have increased the adoption of healthy foods and have bolstered the market growth. For example, in 2021, Agthia Group, an Abu Dhabi-based food and beverages company, adopted Nabil Foods, a processed meat producer, to help Agthia to enter the processed protein industry to expand its convenience food, flour, bottled water, dates, and animal feed businesses. However, the unstable prices of raw materials, inadequate storage, and infrastructural facilities are some of the major factors restraining the Bulk Food Ingredients market growth.

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By Type, Herbs & spices are projected to witness a faster CAGR over the forecast period owing to their usage in various beverages, meat products, and frozen foods. With the growing consumption of processed food, the demand for herbs and spices has grown. For instance, Coca-Cola, in Aug 2019, introduced a new cinnamon-flavored coke in the U.K.

Key Developments:

In April 2021, Olam Food Ingredients procured Olde Thompson, a prominent US private-label spices and seasonings producer, at an enterprises value of US$950 million.

In Feb 2021 – Tate & Lyle PLC purchased 85% shareholding in Chaodee Modified Starch Co., Ltd, to help Tate & Lyle PLC expand its tapioca food starch segment in the Asia Pacific market.

Bulk Food Ingredients Market Segmentation:

Bulk Food Ingredients Market by Type
  • Primary Processed
    • Grains & Seeds
    • Herbs & Spices
    • Sugar
    • Salt
    • Oilseeds
    • Nuts
    • Others
  • Secondary Processed
    • Dry Fruits & Nuts
    • Processed Grains & Seeds
    • Flour
    • Processed Herbs & Spices
    • Sugar & sweeteners
    • Sea Salt
    • Others
Bulk Food Ingredients Market by Application
  • Ready Meals
  • Bakery Products
  • Confectionery Products
  • Snacks & Spreads
  • Other
Bulk Food Ingredients Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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