DUBLIN–(BUSINESS WIRE)–Dec 15, 2021–
The “Clean Label Ingredient Market – Growth, Trends, Covid-19 Impact, and Forecast (2021 – 2026)” report has been added to ResearchAndMarkets.com‘s offering.
The global clean label ingredients market is projected to grow at a CAGR of 6.75%, during the forecast period (2021-2026).
Companies Mentioned
- Cargill Inc.
- Archer Daniels Midland Company
- Corbion Inc.
- Kerry Group PLC
- Ingredion Incorporated
- Tate & Lyle
- Sensient Technologies
- IFF (International Flavors & Fragrances Inc.)
- Koninklijke DSM NV
- Chr Hansen Holding A/S
Key Market Trends
Increase in Demand for Clean Label Products
There has been a significant increase in the demand for natural/organic food products among consumers in recent years. Consumers are becoming more aware of the adverse health effects associated with the consumption of various synthetic or artificial food ingredients owing to various research projects and bans introduced by governments.
According to the survey conducted by the Food Marketing Institute, in 2019, about 86% of consumers agreed to have a higher sense of trust for food products or brands that provide access to complete and “easy to understand” ingredients listed on their labels. Food products bearing “free-from” claims are increasingly hitting the retail shelves and foodservice menus, globally.
This is due to the increasing number of consumers becoming extremely conscious regarding the food and beverage products being consumed. Free-from artificial ingredient is one of the top free-from claims looked forward by the consumers, pushing the manufacturers of food and beverage products to eliminate the use of such artificial ingredients.
Asia-Pacific is the Fastest Growing Region
The Asia-Pacific clean label ingredients market is among the fastest growing market for clean label ingredients. The major reason for the fast moving market in Asia is the increasing living standards of the consumers. Consumers in the region are increasingly taking time to check the ingredient list of the product before purchasing. The increase in demand for convenience goods with clean labels is also a factor boosting the market.
China is the largest market for clean label ingredients in the Asia-Pacific region. Key players are focusing on the Asia-Pacific region for promoting the benefits of clean label ingredients, due to high interest of consumers in healthy eating habits and increase in awareness on ingredients used in the food products. Moreover, several food service providers in the region, including several restaurants, are shifting toward the clean-label trend and away from artificial food additives, to meet the rising consumer demand, thus propelling the further application of clean label ingredients in the region.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Ingredient Type
5.2 Application
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/cvemt4
View source version on businesswire.com:https://www.businesswire.com/news/home/20211215005506/en/
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KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: RETAIL OTHER CONSUMER HEALTH CONSUMER INFECTIOUS DISEASES FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 12/15/2021 07:16 AM/DISC: 12/15/2021 07:16 AM
Copyright Business Wire 2021.