Gmi Research's blog : Clean Label Ingredients Market Size, Share & Trends 2029

Gmi Research's blog

Clean Label Ingredient Market was valued at USD 37.3 billion in 2021 and is estimated to reach a single digit CAGR of 7.1% during the forecast period, reaching USD 64.6 billion in 2029

The factors driving growth of the Clean Label Ingredient Market includes growing demand for packaged and frozen food products, rising awareness about the benefits of consuming chemical free and natural food products, increasing consumers inclination towards adopting healthy lifestyles and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, emerging trend of online shopping, increasing consumers preference for natural and organic ingredients, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Clean Label Ingredients Market Growth. In addition, the increasing investments by major corporations on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Clean Label Ingredient Market is hindered due to high price of producing clean ingredients.

The prominent players operating in the market are DuPont, Sensient Technologies Corporation, Ingredion Incorporated, Cargill, Archer Daniels Midland Company, Koninklijke DSM N.V., Tate & Lyle PLC, Chr. Hansen, Corbion Inc., Kerry Group Plc, and Brisan, among others.

Based on Application, the Cereals & snacks segment is predicted to grow at a significant CAGR during the forecast period

Increasing consumers preference for healthy and natural food products over fast food options and easy availability of cereal products at distribution channels, are propelling growth of the segment.

Based on Form, the Dry segment is projected to expand at a remarkable CAGR over the forecast period

Dry clean ingredients are easy to store, reduces the production costs and is increasingly used in food and beverages, are some of the factors pushing Clean Label Ingredients Market size

Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period

Rising concerns related to food additives and chemicals used in food items, growing demand for demand for natural food ingredients, growing adoption of advanced technologies by manufacturers, rapid urbanization, and high population growth rates, are some o0f the important factors augmenting the market growth in the Asia-Pacific region.

Key Developments

  • In 2020, Kerry Group Plc extended its clean label food protection capabilities by acquiring IsoAge Technologies and Biosecur Labs Inc. The company will further strengthen their product portfolio of natural food protection solutions.
  • In 2020, DuPont introduced next generation emulsifiers solutions to help bakery industry to cater the growing demand of clean label products among consumers.

Market Segmentation

Segmentation by Application

  • Beverages
  • Bakery
  • Dairy & frozen desserts
  • Prepared food/ready meals & processed foods
  • Cereals & snacks
  • Others

Segmentation by Form

  • Dry
  • Liquid

Segmentation by Type

  • Natural colors
  • Natural flavors
  • Fruit & vegetable ingredients
  • Starch & sweeteners
  • Flours
  • Malt
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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On: 2023-02-03 05:20:57.022

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