Food Ingredients Market Size Worth USD 84.97 Billion By 2027 | CAGR of 10.6%: Emergen Research

Food Ingredients Market Size Worth USD 84.97 Billion By 2027 | CAGR of 10.6%: Emergen Research

PR Newswire

VANCOUVER, BC, Oct. 14, 2020

- The growth of the market is driven by the expansion of the ready-to-serve foods and processed foods market and the escalating demand from developing economies.

- Market Size – USD 37.68 Billion in 2019, Market Growth - CAGR of 10.6%, Market Trends – Higher demand in the processing and storing of bakery & beverage products

VANCOUVER, BC, Oct. 14, 2020 /PRNewswire/ -- The Global Food Ingredients Market is forecast to be worth USD 84.97 billion by 2027, according to a new report by Emergen Research. The key factors influencing the market include higher demand for natural food ingredients, the increasing adoption of convenience foods, and a tremendous surge in demand for ready-to-eat food products.

Emergen Research

Rising consumer preference for higher nutritious value, increasing requirement for cold-storage foods, the proliferation of ready-made packaged & ready-to-serve foods, foods with lower calorific values & dietary foods, and cheaper alternatives of premium edibles are other market driving factors. Food Flavors and Enhancers have witnessed significant research & development undertaken by flavor manufacturers, and a higher preference has been attributed to natural extracts and fruit flavoring agents.

The global food ingredients market is expected to remain a competitive and fragmented landscape consisting of a number of both small start-ups and medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in product offerings create enormous growth potential for innovative players.

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Further key findings from the report suggest

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https://www.emergenresearch.com/industry-report/food-ingredients-market

For the purpose of this report, Emergen Research has segmented the Global Food Ingredients Market on the basis of Type, Application, Sales Channel, and Region:

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies. 

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