PUBLISHER: The Business Research Company | PRODUCT CODE: 1274782
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274782
“Clean Label Ingredients Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on clean label ingredients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for clean label ingredients? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The clean label ingredients market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the clean label ingredients market are Cargill Incorporated, Koninklijke DSM Naamloze Vennootschap, EI Du Pont De Nemours, Archer Daniels Midland Company, Kerry Group Public Limited Company, Tate and Lyle Public Limited Company, Ingredion Incorporate, Chr. Hansen, Corbion Naamloze Vennootschap, Sensient Technologies Corporation, Brisan, Groupe Limagrain, Frautarom, Givaudan, and Nestle SA.
The global clean label ingredients market is expected to grow from $40.02 billion in 2022 to $44.78 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The clean label ingredients market is expected to reach $68.35 billion in 2027 at a CAGR of 11.1%.
The clean-label ingredient market consists of sales of bio preservatives, plant-based ingredients, gluten-free enzymes, natural hydrocolloids, natural food stabilizers, natural antioxidants, and rice starch. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Clean-label ingredients are plant-based and natural additives used in food products. It contains fewer product ingredients and does not include any synthetic chemicals or preservatives.
Asia-Pacific was the largest region in the clean label ingredient market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clean label ingredient market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of clean-label ingredients are natural color, natural flavor, fruit and vegetable ingredients, starch and sweeteners, flour, malt, natural preservatives, fermentation ingredients, shortenings, and emulsifiers. Natural color refers to chemical substances created to improve the look of food by adding artificial color. The two forms are dry and liquid. The various application includes dry-form products, cereals and snacks, bakery products, beverages, processed foods, dairy and frozen desserts, and other applications.
Consumer preference towards organic food is expected to propel the clean-label ingredients market. Organic food refers to agricultural products that are cultivated and processed. Organic foods usually include more beneficial components, such as antioxidants, than their conventionally farmed equivalents. The preference for organic food is continuously increasing as customers become more health-conscious. For instance, according to the Simmons National Consumer Survey (NHCS), a US-based recognized private university offering the only undergraduate program for women in Boston and numerous graduate programs, and the US Census data, 94.38 million people, consumed organic food in 2020. Therefore, consumer awareness of organic food is expected to drive the clean-label ingredients market.
Product innovations are a key trend in the clean-label ingredient market. Major companies operating in the clean-label ingredients market are focused on innovating new products to sustain their position in the market. For instance, in November, Baneo, a Germany-based manufacturer of functional ingredients, launched Remypure S52 P. The unique feature is an instant and precooked functional rice starch for clean-label food product processing. The naturally functional rice starch provides a solution for acidification and shear in food processing, and it performs similarly to modified starches in cold processing settings, including low pH and severe shear. It is used in culinary dressings, sauces and dips, bread fillings, and dairy desserts.
In May 2022, BENEO GmbH, a Germany-based food production company, acquired Meatless B.V. for an undisclosed amount. With this acquisition, BENEO to diversify its portfolio and provide clients with a diverse range of plant-based solutions that act as texturizers for meat and fish substitutes. Meatless B.V. is a Netherlands-based manufacturer of textured plant-based ingredients.
The countries covered in the clean label ingredient market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The clean-label ingredient market research report is one of a series of new reports from The Business Research Company that provides clean-label ingredient market statistics, including clean-label ingredient industry global market size, regional shares, competitors with a clean-label ingredient market share, detailed clean-label ingredient market segments, market trends and opportunities, and any further data you may need to thrive in the clean label ingredient industry. This clean-label ingredient market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.