(Food-Beverage-News.Com, October 04, 2019 ) The report "Clean Label Ingredients Market by Type (Colors, Flavors, F&V Ingredients, Starch & Sweeteners, Flours, Malt), Form (Dry, Liquid), Application (Beverages, Dairy & Frozen Desserts, Bakery, Prepared Foods, Cereals & Snacks), & Region - Global Forecast to 2022", is projected to reach USD 47.10 Billion by 2022, at a CAGR of 6.60% from 2016. The market is driven by the rise in clean label product launches and is fueled by an increase in consumer demand for clean label food products to drive the consumption of clean label ingredients and health issues associated with artificial food additives and food safety incidents.
The years considered for the study are as follows:
1. Base year – 2015 2. Estimated year – 2016 3. Projected year – 2022 4. Forecast period – 2016 to 2022
The objectives of the report:
1. To define, segment, and forecast the size of the clean label ingredients market on the basis of type, form, application, brand, and region 2. To project the market size, in terms of value, for each of the segments 3. To forecast the size of the global clean label ingredients market and its various sub-markets with respect to four main regions, namely, North America, Asia-Pacific, Europe, and Rest of the World (RoW) 4. To provide detailed information about crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges) 5. To strategically analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market 6. To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders 7. To strategically profile key players and comprehensively analyze their market share and core competencies 8. To analyze competitive developments such as new product launches, expansions, mergers & acquisitions, and agreements & collaborations in the clean label ingredients market
The flour segment accounted for the largest share in the clean label ingredients market for nutrient in 2015
The market for flour, among other types, was the largest in 2015. Flour, being a basic ingredient, has large consumption in a variety of applications such as bakery, packaged foods, beverages, dressing & sauces, and confectionery among other food applications, which are driving this market.
Cereals & snacks are projected to be the fastest-growing segment by 2022
The market for cereals & snacks in the clean label ingredients market is projected to be the fastest growing from 2016 to 2022, due to an increase in the number of snacking occasions between meals, consumers are demanding convenient and healthier alternatives to junk food.
The dry form segment is projected to grow at the highest CAGR by 2022
The clean label ingredients market, by form, was dominated by the dry form and is also projected to be the fastest-growing segment. This is due to its stability and ease in handling during supply chain activities. Furthermore, ease in production at lower costs together with their convenience in usage in a wide range of food & beverage products has further driven the demand for the dry form of ingredients.
Asia-Pacific is the fastest-growing region in the clean label ingredients market
The clean label ingredients market in the Asia-Pacific region is driven by the growing consumer awareness and increasing health consciousness with regards to the ill effects of artificial ingredients.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill (U.S), Archer Daniels Midland Company (U.S), Koninklijke DSM N.V. (Netherlands), E. I. du Pont de Nemours and Company (U.S.), and Kerry Group Plc (Ireland). Other players that are active in the industry are Ingredion Incorporated (U.S), Tate & Lyle PLC (U.K), Sensient Technologies Corporation (U.S), Corbion N.V. (Netherlands), Groupe Limagrain (France), Chr. Hansen (Denmark), and Brisan (U.S.).