Food ingredients used in processed and packaged foods and ready-to-eat foods such as biscuits, confectionery items, beverages, and chocolates are known as bulk food ingredients.
Sarasota, FL -- (SBWIRE) -- 05/18/2017 -- Zion Market Research, the market research group announced the analysis report titled "Bulk Food Ingredients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Bulk Food Ingredients Market: Overview
Food ingredients used in processed and packaged foods and ready-to-eat foods such as biscuits, confectionery items, beverages, and chocolates are known as bulk food ingredients. They are also known as whole food ingredients. These food ingredients also include grocery items such as sugars, artificial sweeteners, coffee and tea extracts, spices and herbs, nuts and seeds, dehydrated vegetables, dry fruits and wheat and rice. The food ingredients may be processed or unprocessed. They are bought in bulk and sold in retail stores. Owing to the changing lifestyle, availability of disposable income and increasing health awareness among the public, the bulk food ingredients market is growing at a significant pace.
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Global Bulk Food Ingredients Market: Segmentation
The bulk food ingredients market is globally segmented into type, application, and geography. On the basis of type, the market can be divided into primary and secondary processed bulk food ingredients. The primarily processed food ingredients further include oilseeds, nuts, herbs and spices, pulses, grains, and cereals, coffee, tea, and cocoa, sugar, salt and others such as citric acid and dried vegetables. The secondary processed food ingredients include vegetable oil, dried fruits and processed nuts, processed pulses, grains and cereals, processed herbs and spices, coffee, tea and cocoa, sugar and sweeteners, sea salt and flours. Based on application, the market is segregated into bakery products, food, snacks and spreads, confectionery products, infant formulas and dairy products, ready meals and beverages, which include alcoholic beverages and non-alcoholic beverages.
Global Bulk Food Ingredients Market: Growth Factors
The bulk food ingredients market is a growing market owing to factors such as changing consumer lifestyles, increase in the demand for processed and ready to eat beverages and food, rise in health awareness among consumers, increasing population of working women, increasing disposable income and technological advancements. Although there is great Western market influence, there is still some persistent skepticism about consumption of ready-made food, which may hinder the market growth of bulk food ingredients. Other factors that may pose as an issue in the market growth include concerns regarding the freshness and safety of the processed food products, high prices of the ready-to-eat food and unstable agricultural supply.
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Global Bulk Food Ingredients Market: Regional Analysis
The largest share in the bulk food ingredients market is held by Asia Pacific. This can be attributed to reasons such as an increase in global exposure, increasing working population and western lifestyle influence due to globalization. An increase in the disposable income and better standards of living are also boosting the market growth in this region. Major growth can be seen in countries such as India, China, Australia, Japan and New Zealand in Asia Pacific. Following the growth of Asia Pacific are North America, Europe, Latin America and the Middle East and Africa. In North America, there is a high demand for bulk food ingredients owing to the high consumption of packaged, processed and ready to eat foods. Countries such as the U.S. and Canada are showing major growth in this region. European countries such as the U.K., Germany, Spain, France, Belgium, Italy, Luxembourg, Netherlands, Russia and Poland are also contributing a fair share in the market. Latin American countries such as Brazil, Mexico, Chile and Peru and the Middle East and African countries such as South Africa and North Africa are also providing a decent share in the growth of bulk food ingredients market.
Global Bulk Food Ingredients Market: Competitive Players
Some of the major companies in the bulk food ingredients market are EHL Ingredients, Archer Daniels Midland Company, DHM Ingredients, E.I. du Pont de Nemours and Company, Community Foods Limited, Ingredion Incorporated, Cargill Incorporated, Olam International and Tate & Lyle PLC among others.
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Global Bulk Food Ingredients Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa