Clean Label Ingredients Market is Expected to Undergo a Rapid Growth Through 2025
Growing consumer preference
towards clean label food products is acting as key factor for the growth of
global clean label ingredients market.
According
to TechSci Research report, “Global Clean
Label Ingredients Market By Type (Natural Colors, Natural Flavors, Fruit
& Vegetable Ingredients, Starch & Sweeteners, Flours, Malt and Others),
By Application (Beverages, Bakery, Dairy & Frozen Desserts, Ready Meals
& Processed Food, Cereals & Snacks and Others), By Form (Dry and
Liquid), By Region, Forecast & Opportunities, 2025”, the market is expected to witness
robust growth during the forecast period owing to increasing consumer
preference towards clean label food products coupled with growing awareness
regarding the health issues linked with consumption of artificial food
additives. Apart from this, the burgeoning demand for food products with no
added preservatives and artificial sweeteners, flavors, colors, etc. is acting
as a supporting factor for the global clean label ingredients market. Moreover,
clean label ingredients are natural, organic
and non-GMO and hence are considered consumer friendly. With growing popularity
of organic food & beverages, the market is anticipated to undergo
significant growth through 2025.
Furthermore,
manufacturers are involved in R&D activities and product innovation
in order to provide long self-life of clean label ingredient containing food
products. The rising demand for convenience goods with clean labels is also
fueling the growth of global clean label ingredient market. Additionally, entry
of new market players and penetration of wide variety of clean label
ingredients are expected to fuel the market growth in coming years. Also, rise
in per capita disposable income, improving living standard in developing
nations and growing number of health conscious consumers are some other key
factors propelling the growth of global clean label ingredient market.
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The global
clean label ingredients market can be segmented based on type, application,
form and region. Based on type, the market is categorized into natural colors,
natural flavors, fruit & vegetable ingredients, starch & sweeteners,
flours, malt and others. Among them, the natural flavor segment is expected to
experience fastest growth during the forecast period as they are increasingly
replacing artificial flavorings such as ethyl acrylate, benzophenone, styrene and
pyridine which are identified as carcinogens. Moreover, consumers desire for naturally
juicy and flavorful meats which is acting as a major growth factor for natural
flavor clean label ingredients.
Based
on application, the global clean label ingredients market is segmented into beverages,
bakery, dairy & frozen desserts, ready meals & processed food, cereals
& snacks and others. Among them, ready meals and processed food segment is
likely to undergo high growth during the forecast period on account of
increasing consumer preference for convenient and healthier alternative to junk
food. Furthermore, the busy lifestyles and increasing number of working
population are creating high demand for ready meals & processed food.
Major players operating in the global clean
label ingredients market are Archer Daniels Midland Company, Ingredion
Incorporated, Tate & Lyle PLC, Koninklijke DSM N.V., Cargill, Incorporated,
Tate & Lyle PLC, Kerry Group PLC, Sensient Technologies Corporation, Corbion
N.V. and Arjuna Natural Extracts Ltd. Key market players are focusing on expanding
their clean label portfolio and are thus involved in extensive R&D
activities. Other growth strategies include mergers & acquisitions and
partnerships.
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“Asia
Pacific is likely to contribute to high revenue for global clean label
ingredients market during the forecast period owing to growing concern towards
health and consumers’ inclination towards healthy eating habits. Moreover, focus
of food & beverage manufacturers in using clean label ingredients and
favorable government regulations are acting as key growth driver for clean
label ingredient market in the region. The harmful health effects of artificial
and synthetic ingredients and strict regulations related to their use are
further pushing global food & beverage industry to use clean label
ingredients,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Clean Label Ingredients Market By Type
(Natural Colors, Natural Flavors, Fruit & Vegetable Ingredients, Starch
& Sweeteners, Flours, Malt and Others), By Application (Beverages, Bakery,
Dairy & Frozen Desserts, Ready Meals & Processed Food, Cereals &
Snacks and Others), By Form (Dry and Liquid), By Region, Forecast & Opportunities,
2025” has evaluated the future growth potential of clean
label ingredients market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global clean
label ingredients market.
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