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The growing demand for convenience food products are expected to drive innovation in bulk food ingredients manufacturing, thus driving the market during the forecast period.

The global bulk food ingredients market is expected to grow from $707.66 billion in 2022 to $761.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The bulk food ingredients market size is expected to grow to $950.47 billion in 2027 at a CAGR of 5.7%.

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Global Bulk Food Ingredients Market Segments Include:

• By Type: Primary Processed Bulk Food Ingredients, Secondary Processed Bulk Food Ingredients
• By Application: Ready Meals, Bakery Products, Confectionery Products, Snacks and Spreads, Other Applications
• By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, E-Commerce, Others Distribution Channels
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global bulk food ingredients market in 2021.

Major Market Players in the bulk food ingredients market include Tate & Lyle PLC, Archer Daniels Midland Company, DuPont, Olam International, Cargill Incorporated, Ingredion Incorporated, Associated British Foods PLC.

New product innovations are the key trend gaining popularity in the bulk food ingredients market. Major companies operating in the market are introducing new innovative products such as those made from upcycled feedstocks to increase their market share. For instance, in June 2020, FrieslandCampina Ingredients, a Netherlands-based healthy and functional ingredients company, launched Biotis™. The Biotis™ ingredients portfolio has been created to interact with the body’s natural processes, supporting all of the important functions required for a healthy, active life, from maternal health to sleep, immunity, and gut health. It primarily focuses on improving digestive health.

The Bulk Food Ingredients Global Market Report 2023  provides a bulk food ingredients market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bulk food ingredients market forecast analyzes bulk food ingredients market size, bulk food ingredients market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The bulk food ingredients are the food components used as raw materials in processed foods, ready-to-eat foods, packaged drinks and foods, and others. Bulk food ingredients refer to raw materials that are used at the front end of the food processing industry. These include all kinds of grains, flour, starches, spices, sugar, cocoa, dry beans and legumes, nuts, and other ingredients used in the production of food and beverage items.

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