North America Food Ingredients Market Research Report Forecast to 2030

List of Tables

Market Overview

The North America Food Ingredients market is rapidly growing due to changing consumer preferences, increased demand for convenience foods, and technological advancements in the food industry.

The North America Food Ingredients is projected to grow at 5.8% CAGR during the forecast period, 2023-2030. In 2022, the North America Food Ingredients was dominated by US with a 89.9 % share, followed by Canada. The North American food ingredient market refers to the industry within North America that supplies a wide range of substances used in the production and formulation of food products. These ingredients include flavors, preservatives, sweeteners, emulsifiers, and additives. The market serves the needs of the food manufacturing sector by providing essential components that enhance taste, texture, appearance, and nutritional value of food products. It is driven by factors such as evolving consumer preferences, advancements in food technology, and regulatory compliance. The North American food ingredient market plays a crucial role in meeting the diverse demands of consumers and ensuring the quality, safety, and innovation of food products in the region.

Market Segmentation

The North America Food Ingredients has been segmented based on type, application, distribution channel, and country. Based on type, the North America Food Ingredients market has been segmented into flavors, color additives, preservatives, fat/oil replacers, sweeteners, stabilizers, emulsifiers, binders & thickeners, Ph control agents, nutrients, yeast, and others. The flavors segment is expected to grow at 5.2% CAGR during the forecast period. In 2022, the flavors segment held 27.7% of the North America Food Ingredients market.

Based on application, the North America Food Ingredients market has been segmented into food & beverages, pharmaceuticals, animal feed, and others. The food & beverages segment is expected to grow at 6.7% CAGR during the forecast period.

Based on distribution channel, the North America Food Ingredients market has been segmented into B2B, and B2C. The B2B segment is expected to grow at 6.2% CAGR during the forecast period. In 2022, the B2B segment held 79.9% of the North America Food Ingredients Market.

Major Players

Kerry Group plc., Cargill, Incorporated, Archer Daniels Midland, Ingredion Incorporated, Sensient Technologies Corporation, Griffith Foods, Darling Ingredients Inc., Tate & Lyle, McCormick & Company, Inc., and CP Kelco U.S., Inc. are the major players in the market

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 NORTH AMERICA FOOD INGREDIENTS MARKET, BY TYPE
1.2 NORTH AMERICA FOOD INGREDIENTS MARKET, BY APPLICATION
1.3 NORTH AMERICA FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL
1.4 NORTH AMERICA FOOD INGREDIENTS MARKET, BY COUNTRY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 RISING PREFERENCE FOR NATURAL AND ORGANIC INGREDIENTS
- 4.2.2 E-COMMERCE BOOSTS DEMAND FOR FOOD INGREDIENTS
- 4.2.3 DRIVER IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 HIGH COST AND AVAILABILITY OF SPECIALTY FOOD INGREDIENTS HINDER MARKET GROWTH
- 4.3.2 REGULATORY HURDLES AND SAFETY CONCERNS LIMIT THE USE OF SOME INGREDIENTS
- 4.3.3 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
- 4.4.1 RISING POPULARITY OF READY-TO-EAT AND READY-TO-COOK PRODUCTS
- 4.4.2 INCREASING POPULARITY OF PLANT-BASED DIETS
4.5 CHALLENGES
- 4.5.1 GEOPOLITICAL ISSUES AND TRADE BARRIERS
- 4.5.2 INCREASING COMPETITION FROM SMALLER BRANDS AND EMERGING MARKETS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RESEARCH & DEVELOPMENT
- 5.1.2 RAW MATERIAL SUPPLY
- 5.1.3 MANUFACTURER & ASSEMBLY
- 5.1.4 SALES & DISTRIBUTION
- 5.1.5 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT OF COVID-19 OUTBREAK ON FOOD INGREDIENTS MARKET
- 5.3.1 IMPACT ON PRODUCTION
- 5.3.2 IMPACT ON CONSUMER BUYING BEHAVIOR
- 5.3.3 IMPACT ON ONLINE VS OFFLINE SALES
- 5.3.4 IMPACT ON PRICING
- 5.3.5 OTHERS

6 NORTH AMERICA FOOD INGREDIENTS MARKET, BY TYPE

6.1 OVERVIEW
6.2 FLAVORS
6.3 COLOR ADDITIVES
6.4 PRESERVATIVES
6.5 FAT/OIL REPLACERS
6.6 SWEETENERS
6.7 STABILIZERS
6.8 EMULSIFIERS
6.9 BINDERS & THICKENERS
6.10 PH CONTROL AGENTS
6.11 NUTRIENTS
6.12 YEAST
6.13 OTHERS

7 NORTH AMERICA FOOD INGREDIENTS MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 FOOD & BEVERAGES
7.3 PHARMACEUTICALS
7.4 ANIMAL FEED
7.5 OTHERS

8 NORTH AMERICA FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL

8.1 OVERVIEW
8.2 B2B
8.3 B2C

9 NORTH AMERICA FOOD INGREDIENTS MARKET, BY REGION

9.1 OVERVIEW
9.2 US
9.3 CANADA

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 MARKET SHARE ANALYSIS
10.4 KEY DEVELOPMENT IN THE NORTH AMERICA FOOD INGREDIENTS MARKET
- 10.4.1 PRODUCT LAUNCH
- 10.4.2 COLLABORATION
- 10.4.3 PARTNERSHIP
- 10.4.4 EXPANSION
- 10.4.5 ACQUSITION
- 10.4.6 CONTRACTS & AGREEMENTS

11 COMPANY PROFILES

11.1 KERRY GROUP PLC.
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES

11.2 CARGILL, INCORPORATED
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 ADM
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 INGREDION INCORPORATED
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 SENSIENT TECHNOLOGIES CORPORATION
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 GRIFFITH FOODS
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES

11.7 DARLING INGREDIENTS INC.
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 TATE & LYLE
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 MCCORMICK & COMPANY, INC.
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
11.10 CP KELCO US, INC.
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 SWOT ANALYSIS
- 11.10.5 KEY STRATEGIES

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS 23
TABLE 2 NORTH AMERICA FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2030 (USD MILLION) 37
TABLE 3 NORTH AMERICA FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY T APPLICATION, 2020-2030 (USD MILLION) 41
TABLE 4 NORTH AMERICA FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY END USER, 2020-2030 (USD MILLION) 44
TABLE 5 NORTH AMERICA FOOD INGREDIENTS MARKET SIZE, BY REGION, 2020-2030 (USD MILLION) 46
TABLE 6 US FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2030 (USD MILLION) 47
TABLE 7 US FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY T APPLICATION, 2020-2030 (USD MILLION) 47
TABLE 8 US FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY END USER, 2020-2030 (USD MILLION) 48
TABLE 9 CANADA FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2030 (USD MILLION) 48
TABLE 10 CANADA FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY T APPLICATION, 2020-2030 (USD MILLION) 49
TABLE 11 CANADA FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY END USER, 2020-2030 (USD MILLION) 49
TABLE 12 PRODUCT LAUNCH 52
TABLE 13 COLLABORATION 53
TABLE 14 PARTNERSHIP 53
TABLE 15 EXPANSION 54
TABLE 16 ACQUISITION 54
TABLE 17 CONTRACTS & AGREEMENTS 54
TABLE 18 KERRY GROUP PLC.: PRODUCTS OFFERED 56
TABLE 19 KERRY GROUP PLC.: KEY DEVELOPMENTS 57
TABLE 20 CARGILL, INCORPORATED: PRODUCTS OFFERED 58
TABLE 21 CARGILL, INCORPORATED: KEY DEVELOPMENTS 59
TABLE 22 ADM: PRODUCTS OFFERED 62
TABLE 23 ADM: KEY DEVELOPMENTS 62
TABLE 24 INGREDION INCORPORATED: PRODUCTS OFFERED 65
TABLE 25 INGREDION INCORPORATED: KEY DEVELOPMENTS 65
TABLE 26 SENSIENT TECHNOLOGIES CORPORATION: PRODUCTS OFFERED 68
TABLE 27 GRIFFITH FOODS: PRODUCTS OFFERED 70
TABLE 28 GRIFFITH FOODS: KEY DEVELOPMENTS 71
TABLE 29 DARLING INGREDIENTS INC.: PRODUCTS OFFERED 73
TABLE 30 DARLING INGREDIENTS INC.: KEY DEVELOPMENTS 73
TABLE 31 TATE & LYLE: PRODUCTS OFFERED 76
TABLE 32 TATE & LYLE: KEY DEVELOPMENTS 76
TABLE 33 MCCORMICK & COMPANY, INC.: PRODUCTS OFFERED 79
TABLE 34 MCCORMICK & COMPANY, INC.: KEY DEVELOPMENTS 79
TABLE 35 CP KELCO US, INC.: PRODUCTS OFFERED 81
TABLE 36 CP KELCO US, INC.: KEY DEVELOPMENTS 82

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 11
FIGURE 2 NORTH AMERICA FOOD INGREDIENTS MARKET ANALYSIS, BY TYPE 12
FIGURE 3 NORTH AMERICA FOOD INGREDIENTS MARKET ANALYSIS, BY APPLICATION 13
FIGURE 4 NORTH AMERICA NORTH AMERICA FOOD INGREDIENTS MARKET ANALYSIS, BY DISTRIBUTION CHANNEL 14
FIGURE 5 NORTH AMERICA FOOD INGREDIENTS MARKET ANALYSIS, BY COUNTRY 15
FIGURE 6 NORTH AMERICA FOOD INGREDIENTS MARKET: STRUCTURE 17
FIGURE 7 RESEARCH PROCESS 18
FIGURE 8 TOP-DOWN & BOTTOM-UP APPROACHES 21
FIGURE 9 MARKET DYNAMICS: NORTH AMERICA FOOD INGREDIENTS MARKET 24
FIGURE 10 DRIVER IMPACT ANALYSIS: NORTH AMERICA FOOD INGREDIENTS MARKET 26
FIGURE 11 RESTRAINT IMPACT ANALYSIS: NORTH AMERICA FOOD INGREDIENTS MARKET 27
FIGURE 12 SUPPLY CHAIN ANALYSIS: NORTH AMERICA FOOD INGREDIENTS MARKET 30
FIGURE 13 PORTER'S FIVE FORCES ANALYSIS: NORTH AMERICA FOOD INGREDIENTS MARKET 32
FIGURE 14 NORTH AMERICA FOOD INGREDIENTS MARKET, BY TYPE, 2022 (% SHARE) 36
FIGURE 15 NORTH AMERICA FOOD INGREDIENTS MARKET, BY TYPE, 2020 TO 2030 (USD MILLION) 36
FIGURE 16 NORTH AMERICA FOOD INGREDIENTS MARKET, BY APPLICATION, 2022 (% SHARE) 40
FIGURE 17 NORTH AMERICA FOOD INGREDIENTS MARKET, BY APPLICATION, 2020 TO 2030 (USD MILLION) 40
FIGURE 18 NORTH AMERICA FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2022 (% SHARE) 43
FIGURE 19 NORTH AMERICA FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2020 TO 2030 (USD MILLION) 43
FIGURE 20 NORTH AMERICA FOOD INGREDIENTS MARKET, BY REGION, 2022 (% SHARE) 45
FIGURE 21 NORTH AMERICA FOOD INGREDIENTS MARKET, BY REGION, 2020 TO 2030 (USD MILLION) 46
FIGURE 22 BENCHMARKING OF MAJOR COMPETITORS 51
FIGURE 23 NORTH AMERICA FOOD INGREDIENTS MARKET SHARE ANALYSIS, 2022% 52
FIGURE 24 KERRY GROUP PLC.: FINANCIAL OVERVIEW SNAPSHOT 55
FIGURE 25 KERRY GROUP PLC.: SWOT ANALYSIS 57
FIGURE 26 CARGILL, INCORPORATED: SWOT ANALYSIS 60
FIGURE 27 ADM: FINANCIAL OVERVIEW SNAPSHOT 61
FIGURE 28 ADM: SWOT ANALYSIS 63
FIGURE 29 INGREDION INCORPORATED: FINANCIAL OVERVIEW SNAPSHOT 64
FIGURE 30 INGREDION INCORPORATED: SWOT ANALYSIS 66
FIGURE 31 SENSIENT TECHNOLOGIES CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 67
FIGURE 32 SENSIENT TECHNOLOGIES CORPORATION: SWOT ANALYSIS 69
FIGURE 33 GRIFFITH FOODS: SWOT ANALYSIS 71
FIGURE 34 DARLING INGREDIENTS INC.: FINANCIAL OVERVIEW SNAPSHOT 72
FIGURE 35 DARLING INGREDIENTS INC.: SWOT ANALYSIS 73
FIGURE 36 TATE & LYLE: FINANCIAL OVERVIEW SNAPSHOT 75
FIGURE 37 TATE & LYLE: SWOT ANALYSIS 77
FIGURE 38 MCCORMICK & COMPANY, INC.: FINANCIAL OVERVIEW SNAPSHOT 78
FIGURE 39 MCCORMICK & COMPANY, INC.: SWOT ANALYSIS 80
FIGURE 40 CP KELCO US, INC.: SWOT ANALYSIS 82