The food ingredients market is expected to reach $59.83 billion in 2025 at a CAGR of 8.7%. The growth in the food ingredients market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global food ingredients market size is expected to grow from $38.86 billion in 2020 to $42.88 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. Food ingredients are used to improve safety and freshness and maintain the nutritional value of the food. Food additives are substances applied to foods to achieve specific technical or functional goals during production, storage, or packaging. The food ingredients market consists of food ingredients sales by entities (organizations, sole proprietorships, and partnerships) that produce food ingredients that are added to food to improve taste, texture, and appearance.

Major food ingredients firms are concentrating on developing innovative solutions for food ingredients to provide global food industries with next-generation alternative proteins and other ingredients.įor instance, in February 2019, a US-based food ingredients company Motif Ingredients is leveraging biotechnology to develop unique food solutions that provide consumers more options without sacrificing taste or nutrition. 21, 2021 (GLOBE NEWSWIRE) - According to The Business Research Company’s research report on the food ingredients market, the introduction to technologically advanced solutions is an emerging trend in the food ingredients industry.

It covers three five-year periods, including 2015 to -2020, termed the historic period, 2020-2025 forecast period and 2025-2030 a further forecast period. This report describes and evaluates the global food ingredients market.

Food ingredients first