Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Food Ingredients Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Food Ingredients Industry in 2024 and 2025?
The food ingredients market size has grown strongly in recent years. It will grow from $70.5 billion in 2024 to $74.61 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the increased demand for processed foods, the rise in awareness of the benefits of organic products, and growth in the number of health-conscious consumers.
What Is the Projected Market Size of the Food Ingredients Market in 2029?
The Food Ingredients Global Market is projected to reach a value of $95.76 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4%.
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What Are the Key Drivers of Food Ingredients Market Growth?
The key drivers in the food ingredients market are:
• Rising awareness of fitness and health among individuals
• Increase in the population of health-conscious consumers
• Incorporation of bioactive food ingredients like omega-3 fatty acids, antioxidants, probiotics, soy protein in daily meals
• Health trends guided by organizations like the Sports & Fitness Industry Association (SFIA)
What Are the Primary Segmentation Categories in the Food Ingredients Market?
The food ingredientsmarket covered in this report is segmented –
1) By Product Type: Starches, Vegetable Oils And Fats, Natural Sweeteners, Enzymes And Antioxidants, Natural Flavorings And Colors, Functional Ingredients, Other Product Types
2) By Function: Flavors And Color Additives, Preservatives, Fat Replacers, Sweeteners, Emulsifier, Stabilizers And Binders, Thickeners, Ph Control Agents, Nutrients, Other Functions
3) By Application: Pharmaceuticals, Food And Beverages, Animal Feed, Other Applications
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What Are the Major Trends Shaping the Food Ingredients Market in 2025 and Beyond?
The key trends in the food ingredients market are:
• Advanced technological solutions are gaining popularity in the food ingredients market.
• Development of innovative food ingredients, especially alternative proteins is a rising trend.
• Partnerships between food ingredient companies and bioengineering firms signal a new trend.
• The use of unique techniques like precision fermentation for the development of food ingredients is increasing.
Who Are the Emerging Players in the Food Ingredients Market?
Major players in the food ingredients market are:
• Cargill Incorporated
• Archer Daniels Midland Company
• Kerry Group
• International Flavors & Fragrances
• Ingredion Incorporated
• Koninklijke DSM NV
• Tate & Lyle PLC
• Novozymes A/S
• Symrise AG
• Givaudan International S.A.
• Global Specialty Ingredients
• Qingdao Haixingyuan Biotechnology Co. Ltd.
• Wilmar International
• Musim Mas
• Mewah International
• The Nisshin Oillio Group
• Miyoshi Oil & Fat Co Ltd
• IOI Group
• Fairchem
• Australian Chemical Industries Int Co
• Jayant Oils And Derivatives Ltd
• Atlas Chemicals
• Shanghai Yan'an Grease Chemical Co Ltd
• Gysmecol (Guangzhou) Technology Co Ltd
• Vita Manufacture
• Townview Foods Ltd
• Brett Beardsell Consulting
• Quattro Foods
• Harrogate Indian Supermarket
• Rigest Trading Limited
• Special Ingredients Ltd
• Andrew Ingredients Ltd
• Flytex Llc
• Nhl Corporate Group
• Foodmix Llc
• Ochakovo Factory Of Food Ingredients Co. Ltd
• Constanta Llc
• Stevia First Corporation
• Bunge Limited
• First Choice Ingredients
• Vogler Ingredients
• Olam Agricola Ltda
• ARSTE FI
• Ars Technica
• Afribon
• AJWA Group Food Industries
Which Regions Are Leading the Growth in the Global Food Ingredients Market?
North America was the largest region in the food ingredients market in 2024
