(Food-Beverage-News.Com, December 28, 2016 ) According to the report Bulk Food Ingredients Market published by Market Data Forecast, the global market is projected to reach USD 463.85 Billion by 2021, at a CAGR of 4.3% from 2016 to 2021.
Some of the ingredients are experiencing very high growth but they start from a very small base. The bulk Ingredient market is gradually becoming more fragmented, very complexed and a lot more niche. Flavour is a crucial tool for food and drinks producers which they use with the bulk ingredients to enhance and increase their productivity, not only in distributing palatability but also in placing a product or aiming a specific audience.
The initiatives taken since past few years in building advance competences, establishing technical proficiency, refining customer management, refurbishing operating systems, and constructing infrastructure, have formed a broader built and advanced quality business with solid structural long term growth predictions. As the trend is shifting towards urbanization, demand for processed food is increasing which is a big driver for industrial ingredients.
The leading companies in the bulk ingredients market are Tate & Lyle PLC (U.K.), Associated British Foods plc (U.K.), Ingredion Incorporated (U.S.), Cargill Incorporated (U.S.), DMH Ingredients (U.S.), Olam International (Singapore), E.I. du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), EHL Ingredients (U.K.), and Community Foods Limited (U.K.).
