The global food processing ingredients market accounts for US$

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UNITED STATES, Rokville MD, July 21, 2022 (GLOBE NEWSWIRE) — Global consumption of food processing ingredients is projected to increase at a remarkable CAGR of 6.3% by 2032. Sales of food ingredients around the world are expected to grow at a high CAGR of 6.3% from 2022 to 2032.

This new study on Food Processing Ingredients Market has been compiled by analysts from Fact.MR, a provider of market research and competitive intelligence, and comes with a detailed analysis of the start-up landscape in this market.

The growing food processing industry across the world is also expected to favor the market potential of food processing ingredients over the forecast period. The global high consumption of processed foods has led to an increasing demand for potato starch processing and other foodservice ingredients.

Increasing beverage consumption, the growing number of working women, increasing urbanization and changing consumer preferences are other factors potentially driving the shipping of ingredients for food processing. The increasing production of milk powder is expected to positively influence the demand for food processing ingredients.

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  • The European food processing ingredients market accounts for a large market share 35.2% in 2022 and has a rating of $18 million.
  • The Chinese food ingredients market is currently valued at $3.9 million and makes a market share of 7.5% in the global marketplace.
  • Increasing demand for ready meals and increasing number of employed women are key factors driving the growth of food processing ingredients market in this region.
  • In July 2022, String Bio, an India-based start-up leveraging the use of biotechnology to create novel food ingredients, announced it had raised $20 million in a Series B funding round.

Rising awareness of the benefits of organic food and the negative effects of consuming chemicals and inorganic ingredients is expected to boost consumption of organic food ingredients.

“Increasing Consumption of Processed and Packaged Ingredients Drives Sales of Food Processing Ingredients”

In recent years, there has been a significant increase in the number of employed women, which has led to a sharp increase in demand for packaged foods and ready meals.

Food ingredients are vital for the preservation of these convenience foods and hence the increasing demand for them is expected to lead to high consumption of food ingredients in the years to come.

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competitive landscape

Food ingredient manufacturers are focusing on collaborations, acquisitions, mergers and partnerships to strengthen their position in the global landscape and increase their market presence.

The food ingredient suppliers also aim to diversify their product portfolios and accelerate the time-to-market of their products through the above strategic initiatives.

  • In May 2021, Amyris, a biotechnology company, partnered with Ingredion Inc., a leading ingredients company, to develop fermentation-based and sugar-reduction ingredients.

Key segments covered in Food Processing Industry research

Food Processing Ingredients Market by Nature:

  • Ingredients for natural/organic food processing
  • Synthetic ingredients for food processing

Food Processing Ingredients Market by Ingredient Type:

  • proteins
  • minerals
  • vitamins
  • antioxidants
  • enzymes
  • dyes
  • sweeteners

Food Processing Ingredients Market by Applications:

  • grain products
  • Bakery pastry shop
  • Dairy products
  • meat and seafood products
  • beverages
  • Other

Food Processing Ingredients Market by Regions:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEAS

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fact.MR domain knowledge in Food & Beverage Department

Expert analysis, actionable insights and strategic recommendations from Fact.MR’s highly experienced Food & Beverage team help clients from around the world with their unique business intelligence needs.

With a repertoire of over a thousand reports and over 1 million data points, the team has been analyzing the food and beverage industry in over 50 countries for over a decade. The team provides unmatched end-to-end research and consulting services.

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