Global Food Processing Ingredients Market Accounts US Dollars

United States, Rokville MD, 21 Jul. 2022 (GLOBE NEWSWIRE) — Global consumption of food processing ingredients is expected to grow at a remarkable CAGR of 6.3% until 2032. Sales of food processing ingredients across the world are expected to grow at a high CAGR of 6.3% from 2022 to 2032.

This new research on the Food Processing Ingredients Market has been compiled by analysts at Fact.MR, a market research and competitive intelligence provider, and is equipped with detailed analysis of the start-up landscape on this market.

The growth of the food processing industry across the globe is also expected to boost the potential of the food processing ingredients market over the forecast period. The high consumption of processed foods around the world has led to an increasing demand for processed potato starch and other catering ingredients.

Rising beverage consumption, growing population of working women, increasing urbanization and changing consumer preferences are other factors that are likely to drive food processing ingredient shipments. The increase in the manufacture of dairy powders is expected to have a positive influence on the demand for ingredients for food processing.

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Key Take away food Of Market research-

  • The European food processing ingredients market accounts for a major market share of 35.2% in 2022 and holds a valuation of $18 million.
  • The Chinese food processing ingredients market is currently at a valuation of $3.9 million and has a market share of 7.5% in the world market.
  • Rising demand for convenience foods and increasing number of working women are key factors driving the growth of the food processing ingredients market in this region.
  • In July 2022, String Bio, an India-based start-up that leverages the use of biotechnology to create new food ingredients, announced that it had raised US$20 million in a funding round. of series B.

Growing awareness of the benefits associated with organic foods and the harmful effects associated with the consumption of chemicals and inorganic ingredients is expected to bolster the consumption of organic food ingredients.

“Increasing consumption of processed and packaged products drives sales of food processing ingredients”

Over the past few years, the population of working women has increased dramatically, which has led to a surge in demand for packaged foods and convenience foods.

Food processing ingredients are crucial in the preservation of these ready meals and therefore as their demand increases, it is expected to lead to a high consumption of food processing ingredients over the next few years.

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Competitive landscape

Food processing ingredient manufacturers are focusing on collaborations, acquisitions, mergers and partnerships to strengthen their presence in the global landscape and increase their market presence.

Food processing ingredient suppliers are also aiming to diversify their product portfolios and accelerate their product launches through the aforementioned strategic initiatives.

  • In May 2021, Amyris, a biotechnology company, formed a partnership with Ingredion Inc., a leading ingredient supplier, to develop fermentation and sugar reduction ingredients.

Key Segments Covered by Food Processing Ingredients Industry Research

Food Processing Ingredients Market by Nature:

  • Natural/Organic Food Processing Ingredients
  • Synthetic food processing ingredients

Food Processing Ingredients Market by Ingredient Type:

  • Proteins
  • Minerals
  • vitamins
  • Antioxidants
  • enzymes
  • Dyes
  • Sweeteners

Food Processing Ingredients Market By Application:

  • Cereals products
  • Bakery & Confectionery
  • Dairy products
  • Meat and seafood products
  • Beverages
  • Others

Food Processing Ingredients Market by Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • AEM

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Fact.MR’s Domain knowledge in Food and Beverage Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced food and beverage team help customers around the world meet their unique business intelligence needs.

With a repository of over a thousand reports and over a million data points, the team has analyzed the food and beverage industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

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