How Has The Bulk Food Ingredients Market Size Evolved Historically?
The bulk food ingredients market has seen considerable growth due to a variety of factors.
• The market size of bulk food ingredients has seen significant growth in the past few years. It is predicted to surge from $794.87 billion in 2024 to $844.13 billion in 2025, revealing a compound annual growth rate (CAGR) of 6.2%.
Factors like population increase, urban expansion, the proliferation of the food industry, improvements in food processing, international trade, and supply chain enhancements are responsible for the historic period growth.
What Is The Forecast For The Bulk Food Ingredients Market By 2029?
The bulk food ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for bulk food ingredients is predicted to witness robust growth in the forthcoming years, expanding to a whopping $1088.43 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%.
The surge during the forecast period could be accredited to factors such as the increase in plant-based consumption, sustainable procurement practices, the expansion of e-commerce, innovation within the food industry, convenience for consumers, and the rising demand for functional foods. Key trends shaping the forecast period are the prominence of customization and specialty ingredients, the adoption of environmentally-friendly processing techniques, the use of blockchain for enhancing supply chain transparency, flavor creativity and the incorporation of unique ingredients, along with the use of non-GMO and organic ingredients.
Which Factors Are Boosting Growth In The Bulk Food Ingredients Market?
The rise in demand for easy-to-prepare food items is anticipated to drive the expansion of the bulk food ingredients market. Ready-to-eat meals or convenience foods, frequently found in restaurants or supermarkets, include snack items and frozen food. These require minimal or no effort for preparation. In the commercial preparation of these foods, bulk food ingredients act as the raw materials, making them an ideal choice for travelers and those not comfortable with cooking. For example, data from the European Snacks Association (ESA), a non-profit organization based in Belgium, estimated that in 2023, the European savoury snack market held a retail value of roughly €40 billion ($44 billion), accounting for nearly 3.5% of the European food and beverage market. Thus, the surge in demand for convenience food products is contributing to the upward trend in the bulk food ingredients market.
How Is The Globa Bulk Food Ingredients Market Divided Into Key Segments?
The bulk food ingredients market covered in this report is segmented –
1) By Type: Primary Processed Bulk Food Ingredients, Secondary Processed Bulk Food Ingredients
2) By Application: Ready Meals, Bakery Products, Confectionery Products, Snacks And Spreads, Other Applications
3) By Distribution Channel: Super markets And Hyper markets, Convenience Stores, Specialty Stores, E-Commerce, Others Distribution Channels
Subsegments:
1) By Primary Processed Bulk Food Ingredients: Grains And Cereals, Oils And Fats, Sweeteners, Starches
2) By Secondary Processed Bulk Food Ingredients: Flour And Meal Products, Protein Powders, Flavorings And Seasonings, Emulsifiers And Stabilizers
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What Trends Are Reshaping The Bulk Food Ingredients Market?
Top players in the bulk food ingredients industry are concentrating on the creation of innovative items such as plant-based snack packs to achieve a competitive advantage in the market. These Plant-Based Snack Packs are single wrapped convenient snacks providing delicious vegan cheese alternatives in various flavors. GOOD PLANeT Foods, a US company that specializes in premium plant-based cheese products, introduced Snack Packs in two flavors – Smoked Gouda with Dried Cranberries and Almonds, and Cheddar with Dried Cranberries and Cashews, in September 2022. The company's goal is to cater to the demand for high-quality plant-based cheese choices. The company's product lineup is vegan, dairy-free, gluten-free, soy-free, lactose-free, allergen-free, certified by the Non-GMO project, and keto-certified, meeting the increasing demand for clean and sustainable options.
Who Are the Key Players in the Bulk Food Ingredients Market?
Major companies operating in the bulk food ingredients market include:
• Cargill Incorporated
• Archer Daniels Midland Company
• Bunge Limited
• Olam International Limited
• Lactalis Group
• Associated British Foods plc
• Royal FrieslandCampina N.V.
• Arla Foods amba
• DuPont de Nemours Inc.
• International Flavours & Fragrances Inc.
• IFF Inc.
• Koninklijke DSM N.V.
• Kerry Group plc
• Fonterra Co-operative Group Limited
• Ingredion Incorporated
• McCormick & Company Incorporated
• Firmenich International SA
• Symrise AG
• Tate & Lyle PLC
• Corbion N.V.
• The Source Bulk Foods
• Community Foods Limited
• GCL Food Ingredients Holdings Limited
• EHL Ingredients Limited
• DMH Ingredients Inc.
• Essex Food Ingredients
• Ingredients Inc.
• Glanbia plc
• Organic Partners International LLC
• Tereos S.A.
• Ajinomoto Co. Inc.
What are the Regional Insights into the Bulk Food Ingredients Market?
North America was the largest region in the bulk food ingredients market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bulk food ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
