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Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Food Ingredients Market Size was valued at US$ 33.69 billion in 2023 and poised to grow at a significant CAGR of 7.9% over 2024-2030. Food Ingredients Market has various applications, they are used to enhance the appearance, taste, and color, and also used to preserve the food from decomposition upon storage which helps in commercial manufacturing and exporting of food products to various regions of the world. The market for these Food Ingredients Market is rapidly increasing due to the rise in demand for processed and packaged foods. Ready-to-eat, instant-prepared foods are showing a significant effect in the market for these Food Ingredients Market. Rapid urbanization and rising disposable income are key factors affecting the market for these products. The global Food Ingredients Market is surging owing to frequent acquisitions and launchings by the market players.
Study Period
2024– 2030Base Year
2023CAGR
7.9%Largest Market
Asia-PacificFastest Growing Market
Asia Pacific
Food Ingredients Market are seen a rapid growth in the forecast period due to increase in food chain sectors, increase in population, and rise in demand for processed food, urbanization, and driving of people towards the natural products. Increase in youthful population and women empowerment shows a significant effect in the processed foods which increases the market for these products.
Report Benchmarks |
Details |
Report Study Period |
2024– 2030 |
Market Size in 2023 |
US$ 33.69 billion |
Market CAGR |
7.9% |
By Type |
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By Application |
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By Region |
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The food ingredients market is projected to expand at a CAGR of 7.9% during the forecast period
ABS Food and Givaudan, AlgaVia, Archer Daniels Midland, Arla Foods Ingredients, Ashland Inc., Butter Buds Inc, Cargill Inc.
The key segments covered in the food ingredients market are: by type, application, geography
Key Market Players