Hyderabad, India -- (SBWIRE) -- 02/19/2018 -- The report " Bulk Food Ingredients Market by Type (Primary Processed (Grains & Seeds, Herbs & Spices, Sugar, Salt, Oilseeds, Nuts and Others) and Secondary Processed (Dry Fruits & Nuts, Grains & Seeds, Flour, Herbs & Spices, Sugar, Salt and Others), by Application (Ready Meals, Bakery Products, Confectionery Products, Snacks & Spreads and Others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The Genomics market share is estimated to increase from $375.8 billion to $463.85 billion by 2021, with a CAGR of 4.3%. The increase in the global demand for packaged convenience food is the main driver behind the market growth.

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Under Type, the Herbs & Spices segment predicted to have highest growth rate in future
On the basis of Type, the market is broadly categorized into Primary Processed and Secondary Processed ingredients. Each segment has further sub segments like Fruits & Nuts, Grains, Sugar, Salt and Flour. The Herbs & Spices segment is forecast to have the highest growth rate in this segmentation of the market. Growing disposable income for the public globally and technological advancements in the food packing industry act as the key drivers behind the market growth.
By Application, Ready Meals expected to have the highest growth rate by 2021

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Under Application, the Bulk Food Ingredients market is segmented into Ready Meals, Bakery Products, Confectionery Products, Snacks & Spreads and Others. In this segment, Ready Meals category is estimated to have the highest growth rate, owing to the rising working population, both women and men, globally. Rising health consciousness all over the world has also led to the demand for better quality food ingredients globally, which has led to market growth.
Asia-Pacific to be fastest growing market segment globally till 2021

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Geographically, the market is studied as North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa regions. In the year 2016, Asia-Pacific possessed the leading market share, both in terms of value and volume. This domination is reasoned with increasing disposable income of the working population in the developing countries like India and China in this region.

The leading companies in the bulk ingredients market are Cargill Incorporated (U.S.), DMH Ingredients (U.S.), E.I. du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), Olam International (Singapore), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.K.), Ingredion Incorporated (U.S.), EHL Ingredients (U.K.), and Community Foods Limited (U.K.).

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