Bulk Food Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2016 - 2024
- Transparency Market Research
Bulk food ingredients are food components which are used in packaged, processed foods and ready to eat foods like confectionery items, biscuits, beverages, chocolates, etc. The bulk food ingredients include grocery items like, artificial sweeteners, sugars, coffee and tea extracts, nuts and seeds, spices and herbs, dry fruits, dehydrated vegetables, wheat and rice among others. These food ingredients are purchased in bulk or huge quantities from the wholesale supplier and brought in to the retail stores.. The bulk food ingredients are also known as whole food ingredients and are often found in organic form. Due to their organic properties the bulk food ingredients are regarded for being health foods.. These products can both be processed and non-processed. The use of these ingredients was prevalent in North America due to a high consumption of packaged, processed and ready to eat foods. Now Asia Pacific is the leading player in the bulk food ingredients market due to increase in global exposure and western lifestyle influence. Changing consumer lifestyles have led to an increase in the demand for processed and ready to eat food and beverages. Furthermore,rise in health awarenessamong consumers has led to an increased demand for wellness products.
Despite of western market influence on the emerging economies of Asia Pacific, there is still skepticism regarding the consumption of ready to eat food in these economies. Concerns regarding the freshness and safety of the processed food products have always been bothering a considerable section of the population who are not so dependent on the ready to eat and packaged foods. Also the packaged ready to eat foods come at a high price which is not affordable by the middle class segment of the population.
The global demography can be found to be dominated by young population mostly of the working age. Owing to this fact, the lifestyle patterns of the majority population is found to be busy and hectic therefore requiring the need for ready to eat foods. Also the advertisement strategies and celebrity endorsements of packaged foods will keep the market for packaged foods stable and this in turn will boost the market for bulk food ingredients during the forecast period .By product the bulk food ingredients can be segmented into, wheat grains, rice, nuts (Almonds, cashews, hazel nuts, peanuts, pistachios, walnuts, etc.), green food (alfalfa powder, barley grass powder, kelp powder, chlorella powder, etc.), Spices and herbs (bay leaves, dried basil, chamomile, green tea, saffron, etc.), sugar, artificial sweeteners, coffee and tea extracts, custom blended products, gums, dehydrated vegetables, and freeze dried fruits,among others . By application the market can be segmented into, confectionery, food and beverages, chocolates, snacks. Some spice herbs are also used by the pharmaceutical industries due to their medicinal properties. Similarly they are also used by the personal care industries as green tea, coffee and tea extracts, saffron and some herbs are used in making face creams, soaps and other personal care products.
By region the market is segmented into North America, Europe, Asia Pacific and Middle East. Asia Pacific is the leading market for consumption of packaged and processed owing to its increasing working population and increased exposure to western lifestyle patterns due to globalization. The emerging economies of Asia Pacific region have also experienced a increase in their disposable income which has helped them to improve their standard of living and afford the ready to eat meals.
The lead players in this market are, Archer Daniels Midland Company, EHL Ingredients, El.Du Pont de Nemons and company, DHM Ingredients, Ingredion Incorporated, Community Food Limited, Olam International, and Cargill Incorporated among others.
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