Bulk Food Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Primary Processed, Secondary Processed); By Application; By Distribution Channel; By Region; Segment Forecast, 2022 - 2030

Bulk Food Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Primary Processed, Secondary Processed); By Application; By Distribution Channel; By Region; Segment Forecast, 2022 - 2030

The global bulk food ingredients market size is expected treach USD 1,201.79 billion by 2030, according ta new study by Polaris Market Research. The report “Bulk Food Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Primary Processed, Secondary Processed); By Application; By Distribution Channel; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Consumer awareness of eating healthy food has increased the demand for organic and functional food items. The rising diseases, health such as cardiovascular problems, obesity, and diabetes, primarily among the young generation, have resulted in opting for healthy and nutritious diets and avoiding junk products, alcohol, and meat consumption. Thereby resulting in driving the demand for the product. The COVID-19 pandemic undoubtedly altered the buying and selling pattern of consumers in the market, in which there has been a drastic shift from offline mode tthe online distribution channel and convenience stores.

Further, there is a high demand for gourmet bulk food ingredients due tthe increasing interest in culinary arts among homebound individuals, mainly during the lockdown. Connoisseur consumable products have become snacks, bakery items, and frozen eatables. However, ready-to-eat meals and frozen consumables have drastically increased for people with less time for cooking. Thereby increasing the demand for bulk food ingredients.

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The secondary processed eatable ingredients are expected taccount for the largest share in the global market during the forecast period. Secondary processing is the conversion of bulk goods intedible items. Secondary processed ingredients are used in processed and packed consumables such as chocolate, confectionery items, biscuits, beverages, artificial sweeteners, flavors, and extracts.

The rapid urbanization and rising economies are expected tprovide growth opportunities for the global bulk ingredient market. Additionally, increasing demands among developing economies such as China, India, Brazil, Mexico, and others for demand grains, cereals, and pulses will alscontribute tthe growth of the bulk ingredient market.

As consumers juggle work and personal life, ready meals are a handy option for a quick lunch or dinner. Owing tthis factor, many consumers are resorting tready meals, seeking high-quality ingredients and diverse flavor profiles in the products.

In response tincreasing demand for ready meals, food manufacturers are launching international variants ranging from soups and full course meals tpremade sauces and condiments. As a result, sales of bulk food ingredients are forecast tgain momentum in the upcoming years.

Bulk Food Ingredients Market Report Highlights

• The beverage segment is expected tbe the fastest-growing during the forecast period. This is due tthe consumers’ increased population and per capita income.
• The Asia Pacific region will lead the global market by 2030. In this region, China is expected tbe the leading country; due tthe enhancing consumer lifestyle, the market in China has foreseen growth. Further, the fast and busy lifestyle of consumers has led tthe transition shift for more convenient and accessible stores of consumables in the country.
• The global market is highly competitive owing tprominent players with Cargill, Incorporated, Bunge Limited, Archer-Daniels-Midland Company, Tate & Lyle, and Associated British Foods plc

Polaris Market Research has segmented the bulk food ingredients market report based on product, application, and region:

Bulk Food Ingredients, Type Outlook (Revenue – USD Billion, 2018 – 2030)
• Primary processed
Herbs and Spices

Grains, Pulses, and Cereals

Tea, Coffee, and Cocoa

Sugar & Salt

Others
• Secondary Processed
Processed pulses, cereals

Dry Fruit & nuts

Sugar & Sweetener

Others

Bulk Food Ingredients, Application Outlook (Revenue – USD Billion, 2018 – 2030)
• Bakery & Confectionery
• Snacks & Spreads
• Ready Meals
• Beverages
• Others
Bulk Food Ingredients, Distribution Channel Outlook (Revenue – USD Billion, 2018 – 2030)
• Online
• Offline
Bulk Food Ingredients, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
• North America
• U.S
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Latin America
• Argentina
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa

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