Bulk Food Ingredients Market

Growing Demand for Bakery Products

Bulk food ingredients are finding growing applications across the bakery & confectionery segment, with a surge in consumption of items such as bread, cakes, biscuits, cookies and other bakery products. Rising disposable incomes is prompting consumers to spend more on premium products, thus driving growth.

Likewise, the ready meals segment is slated to witness widespread adoption of bulk food ingredients. Prevalence of hectic work schedules has compelled consumers to dedicate more time towards their professions, leading to high RTE food consumption.  

Wide Scope for Processed Herbs & Spices

Processed herbs & spices are anticipated to capture a substantial share in the global bulk food ingredients market. As consumers shift towards consuming RTE foods, they demand various flavors to enhance sensory experiences. Therefore, inclusion of herbs and spices has acquired center-stage.

Meanwhile, demand for processed grains, pulses and cereals is also assuming concrete shape, especially in developing countries such as India, Indonesia and other South Asian countries. High demand for nutrition-rich processed foods to address undernutrition problems is propelling the segment’s growth.

Asia-Pacific to Pivot Growth

The Asia-Pacific bulk food ingredients market is slated to expand the fastest, attributed to rapid urbanization and the subsequent increasing demand for hygienic and quality food products. India & China are likely to be the frontrunners of the Asian market, attributed to the concentration of the world’s largest population.

North America is projected to register substantial growth, attributed to rising consumption of pre-packaged RTE foods among the working population. Moreover, growth is anticipated to be stimulated by surging consumption of alcoholic and non-alcoholic beverages.

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Bulk Food Ingredients Prominent Players

The global bulk food ingredients market is highly competitive, characterized by the prevalence of a large number of manufacturers. FMI’s analysis has profiled the below mentioned market players:

• DuPont
• Archer Daniels Midland Company
• Cargill Foods Inc.
• Tate & Lyle PLC
• Associated British Foods plc
• Olam International
• Ingredion Incorporated
• EHL Ingredients
• Wilmar International
• Suntory
• Koninklijke DSM N.V.
• Symrise AG
• Kerry Group Plc
• Bunge Limited
• Ajinomoto
• George Weston
• Sysco Corporation
• Conagra Brands
• Kirin Holdings
• CHS Ltd. 

*This list is indicative- full details about bulk food ingredient players is available upon request.

Brand are emphasizing on establishing strong links with regional manufacturers in order to develop robust distribution channels. This strategy helps ensure that the final product reaches consumers in a timely and proper manner.

Additionally, players are also concentrating on collaborations with existing players, acquisition of startups or relatively small market players and partnerships with regional governments to deepen their penetration.

Bulk Food Ingredients Market- Report Scope

Key questions answered in the report

• What is the expected valuation for the bulk food ingredients market?

  According to FMI’s analysis, the global bulk food ingredients market is likely to surpass half-a-billion dollars through 2030, riding on the back of increased demand for instant foods across prominent regional markets. However, prospects are likely to dwindle due to the COVID-19 pandemic.

• Which is the leading bulk food ingredients market?

  Asia-Pacific is anticipated to emerge as the fastest growing bulk food ingredients market, with maximum growth concentrated in India and China, two of the world’s fastest growing economies

• Which domain is likely to find maximum bulk food ingredient application?

  The bakery and confectionary segment is emerging as a potential revenue ecosystem, owing to heightening consumption of bakery products. At the same time, instant foods such as RTE pasta, noodles and chips are expected to tower over all other segments.

• What is COVID-19’s projected impact on bulk food ingredients demand?

  The COVID-19 pandemic is ushering in substantial downswing in the bulk food ingredients market. Mandatory shutdowns to contain the virus have halted production cycles, leading to restricted output and subsequent supply shortages.

  Moreover, lockdowns have prevented cross-border and intra-border logistics, inducing shortage of raw materials required for the production process. This slump is anticipated to prevail for the medium-term forecast.

• Who are the bulk food ingredient market players?

  Some prominent players operating in the bulk food ingredients landscape include DuPont, Archer Daniels Midland Company, Cargill Foods Inc., Tate & Lyle PLC, Associated British Foods plc, Olam International, Ingredion Incorporated, EHL Ingredients, Wilmar International, Suntory, Koninklijke DSM N.V., Symrise AG, Kerry Group Plc, Bunge Limited and Ajinomoto among others

Enquiry before Buying

• Is this research conducted by Future Market Insights?

  Yes, the bulk food ingredients market research has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst

• What research methodology is followed by FMI?

  FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions.

• Who are the respondents for primary research?

  FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

• What are the sources of secondary research?

  FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

• Is a sample of this report available for evaluation?

  Yes, you can request a sample and it will be sent to you through an email.

• How can I buy this report?

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Key Segments

Product Type

• Vegetable Oil
• Sea Salt
• Sugar & Sweeteners
• Tea, Coffee & Cocoa
• Flours
• Processed Grains, Pulses & Cereals
• Dried Fruits & Processed Nuts
• Processed Herbs & Spices
• Others

Application

• Bakery & Confectionery
• Beverages
• Meat & Poultry
• Sea Food
• Ready Meals
• Dairy Products
• Snacks & Savory
• Sauces & Dressings and Condiments
• Frozen Foods
• Others

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics, Russia, Poland & Rest of Europe)
• East Asia (China, Japan & South Korea)
• South Asia (India, Thailand, Malaysia, Indonesia & Rest of South Asia)
• Oceania (Australia & New Zealand)
• Middle East & Africa (GCC, Turkey, South Africa & Rest of MEA)