Food Processing Ingredients Market Report -Trend Analysis & Forecast Up To 2024

“Food Processing Ingredients Market Report, By Type, By Delivery Mode and Geography – Global Market Share, Trend Analysis & Forecast Up To 2024”

Food processing ingredient are used to preserve, flavour, blend, thicken and colour foods, and played a key role in reducing serious nutritional deficiencies among consumers. These ingredients also help ensure the availability of flavourful, nutritious, safe, convenient, colourful and affordable foods that meet consumer expectations. Food processing ingredients perform a variety of useful functions in foods that includes, maintaining the safety and freshness of the food, maintain nutritional value and improve taste, texture & appearance of the food.

The global food processing ingredients market is forecast to grow at a CAGR of 6.5% to 7.3% during the forecast period 2019 to 2024. Food processing ingredients market is primarily driven by rising adoption of convenient food, increasing awareness regarding food-borne diseases among consumers and growth trend in alcoholic beverage consumption. Further, the augmenting demand for natural food ingredients, owing to the increasing awareness regarding additional health benefits of food processing ingredients, among consumers is likely to boost the market. However, implementation of strict government regulations and standards and lengthy procedure of approval before the commercial introduction of products may hinder the growth of food processing ingredients market during forecast period.

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The report analysis the food processing ingredients market based on product type into starches and starch derivatives, proteins, enzymes, yeast, antioxidants, emulsifiers, acidity regulators, vegetable oils & fats and others. Others includes functional ingredients, flavours, colours, etc. Starches and starch derivatives accounted for the largest share of the food processing ingredients market in 2016. The increase in population, rise in demand for processed food products, and abundant availability of raw materials such as corn and wheat fuel the market growth for the segment. Furthermore, the market for yeast is projected to grow at the highest CAGR during the forecast period owing to significant growth in the bakery and brewery industries.

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Natural food processing ingredients segment dominates the food processing ingredient market. Factors such as increasing consumer preferences for healthy and awareness regarding food-borne diseases among consumers are fuelling the growth of the market. Moreover, rising influence of busy lifestyles in urban areas, enhances the growth of the natural food processing ingredients market.

The market, by form, has been segmented into dry and liquid. The dry segment accounted for highest CAGR in 2016. The dry segment projected to grow at a comparatively lower CAGR during the forecast period 2017 to 2024. Easy availability and ease of handling are the major characteristic propelling the growth of the dry food processing ingredients market.

The market, by application, has been segmented into food & beverages, bakery & confectionery products, dairy & frozen desserts, convenience foods and other. Others includes ready to eat, meat, etc. The bakery & confectionery products sector is estimated to account for the largest market share and expected to maintain their dominance throughout the forecast period, followed by food & beverage owing to increasing trade activities in the food and beverages sector across various economies, leading to an extensive rise in import and export of food ingredients globally.

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