出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
バルク食品原料市場 : 一次加工品、二次加工品、用途（食品、飲料）、流通チャネル（メーカー直送、代理店）、地域別 – 2028年までの世界予測
Bulk Food Ingredients Market by Primary Processed Type, Secondary Processed Type, Application (Food, Beverage), Distribution Channel (Direct from Manufacturers, Distributors), and Region – Global Forecast to 2028
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According to MarketsandMarkets, the bulk food ingredients market is projected to reach USD 454.6 billion by 2028 from USD 366.7 billion by 2023, at a CAGR of 4.4% during the forecast period in terms of value. The demand for bulk food ingredients is rising globally due to several factors. Firstly, the growing global population is leading to increased food consumption and the need for efficient and cost-effective production. Secondly, the expanding food processing industry, driven by changing consumer preferences and the rise of convenience foods, requires a reliable supply of ingredients in large quantities.
Bulk purchasing offers economies of scale, reducing costs for manufacturers. Moreover, there is a growing focus on product customization and formulation, driving the need for a wide variety of bulk ingredients to meet specific requirements. Additionally, the globalization of the food supply chain and the increasing prevalence of international trade have created opportunities for companies to source ingredients from different regions. These factors, along with the need for efficient sourcing, cost-effectiveness, and flexibility in production, contribute to the rising demand for bulk food ingredients globally.
“By primary processed type, herbs & spices segment is projected at a high demand during the forecast period.”
The herbs and spices segment of the primary processed type in the bulk food ingredients market is high in demand for several reasons. Herbs and spices play a vital role in enhancing the flavors, aromas, and overall sensory experience of food products. They add depth, complexity, and unique taste profiles to various dishes, making them desirable to consumers. There is a growing awareness and appreciation for the health benefits associated with herbs and spices. Many herbs and spices are known for their antioxidant properties, anti-inflammatory effects, and potential health-promoting properties. Consumers are increasingly seeking natural and functional ingredients in their food choices, driving the demand for herbs and spices as primary processed bulk ingredients.
“By secondary processed type, the processed grains, pulses, and cereals segment is projected in high demand during the forecast period.”
Processed grains, pulses, and cereals include flaked, broken, polished, or cracked whole ingredients. These are most widely used in the manufacturing of food products, such as snacks, ready or convenience food products, and infant formulas, as well as beverages, including alcohol. The global rise in consumption of breakfast cereals has led to an increase in the consumption of cereal flakes. The demand for processed grains, pulses, and cereals is projected to grow at the highest rate in the Asia Pacific region due to the constant rise in disposable income and changing eating habits. The high fiber and protein content of these ingredients makes them a healthy and ideal component for various food products.
“By distribution channel, direct from manufacturers segment is projected in high demand during the forecast period.”
Common factors that drive the growth of the manufacturing market at the local level are raw material prices (fluctuation), prices of competitive/substitute products, sales strategies, economies of scale, specialization advantages, and business laws & regulations. Investments in R&D activities for the development of new products and solutions in the bulk food ingredients market are projected to drive the market growth. The number of research projects on processed & convenience foods is increasing globally. The production of bulk food ingredients is projected to be influenced by the increase in R&D activities for processed & convenience foods. R&D activities help in innovating new products and solutions for various applications of fats & oils. The increase in demand for these ingredients in both developed and developing regions has increased investments. North America and Europe are the developed economies and are leading the manufacturing market due to the presence of high-tech equipment and technology.
“By application, beverages segment is projected in high demand during the forecast period.”
The global population is increasing, leading to higher food consumption. As a result, the food industry requires a steady supply of ingredients in large quantities to meet the growing demand for processed and packaged food products. There is a shift in consumer preferences towards convenience foods, including ready-to-eat meals, snacks, and processed food items. These products often require a wide range of bulk food ingredients to enhance flavor, texture, and nutritional value. Furthermore, the food industry is continually innovating and introducing new products to cater to changing consumer trends and dietary preferences. This includes the development of functional foods, natural and organic products, and fortified food items. These products often rely on bulk ingredients such as proteins, fibers, vitamins, and minerals to deliver specific health benefits.
“Asia Pacific will significantly contribute towards market growth during the forecast period.”
The bulk food ingredients market in the Asia Pacific region is projected to increase due to several factors. Firstly, the region’s growing population and rising disposable incomes are driving increased food consumption, creating a higher demand for bulk ingredients. Secondly, the expanding food processing industry in countries like China, India, and Japan requires a reliable supply of ingredients in large quantities. Additionally, changing dietary patterns and the increasing preference for convenience foods contribute to the growth of the market. Furthermore, the focus on product innovation, including functional and fortified foods, is boosting the demand for specific bulk ingredients. Overall, these factors are expected to drive the growth of the bulk food ingredients market in the Asia Pacific region.
Break-up of Primaries:
By Company Type: Tier1-30%, Tier 2-30%, Tier 3- 40%
By Designation: CXOs-31%, Managers – 24%, and Executives- 45%
By Region: Europe – 30%, Asia Pacific – 20%, North America – 35%, RoW – 5%, South America-10%
Leading players profiled in this report:
• Archer Daniels Midland Company (US)
• International Flavours & Fragrances Inc. (US)
• Olam Group (Singapore)
• Cargill, Incorporated (US)
• Ingredion (US)
• Associated British Foods plc (UK)
• Tate & Lyle PLC (UK)
• EHL Ingredients (UK)
• Batory Foods (US)
• Graincorp (Australia)
• Community Foods (UK)
• McCormick & Company, Inc. (US)
• The Source Bulk Foods (Australia)
• Essex Food Ingredients (US)
• Subnutra (India)
The study includes an in-depth competitive analysis of these key players in the Bulk food ingredients market with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the bulk food ingredients market on the basis of by primary processed type, by secondary processed type, by distribution channel, by application and by Region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global bulk food ingredients market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall bulk food ingredients market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Stringent safety and quality regulations for food ingredients commodities), restraints (Lack of coordination between market stakeholders and supporting infrastructure in developing economies, and improper enforcement of regulatory laws), opportunity (Technological advancements in the food and beverage industry), and challenges (The high cost of bulk food ingredients) influencing the growth of the bulk food ingredients market.
• Product Development/Innovation: Detailed insights on research & development activities, and new product & service launches in the bulk food ingredient market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the bulk food ingredients market across varied regions.
• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the bulk food ingredients market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players include Archer Daniels Midland Company (US), International Flavours & Fragrances Inc. (US), Olam Group (Singapore), Cargill, Incorporated (US), Ingredion (US), (US)are among others in the bulk food ingredients market strategies. The report also helps stakeholders understand the bulk food ingredients service market and provides them information on key market drivers, restraints, challenges, and opportunities.
目次
1 INTRODUCTION 47
1.1 STUDY OBJECTIVES 47
1.2 MARKET DEFINITION 48
1.3 STUDY SCOPE 48
FIGURE 1 MARKET SEGMENTATION 48
1.3.1 INCLUSIONS AND EXCLUSIONS 49
1.4 REGIONS COVERED 50
1.5 YEARS CONSIDERED 50
1.6 UNITS CONSIDERED 51
1.6.1 CURRENCY 51
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 51
1.6.2 VOLUME 51
1.7 STAKEHOLDERS 52
1.8 SUMMARY OF CHANGES 52
2 RESEARCH METHODOLOGY 53
2.1 RESEARCH DATA 53
FIGURE 2 BULK FOOD INGREDIENTS MARKET: RESEARCH DESIGN 53
2.1.1 SECONDARY DATA 54
2.1.1.1 Key data from secondary sources 54
2.1.2 PRIMARY DATA 54
2.1.2.1 Key data from primary sources 55
2.1.2.2 Breakdown of primaries 56
2.1.2.3 Key primary insights 57
2.2 MARKET SIZE ESTIMATION 58
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON TYPE, BY REGION) 58
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET) 59
2.3 DATA TRIANGULATION 60
FIGURE 3 DATA TRIANGULATION METHODOLOGY 60
2.4 STUDY ASSUMPTIONS 61
2.5 STUDY LIMITATIONS AND RISK ASSESSMENT 62
3 EXECUTIVE SUMMARY 63
TABLE 2 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET SNAPSHOT, 2023 VS. 2028 64
TABLE 3 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SNAPSHOT, 2023 VS. 2028 65
FIGURE 4 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 66
FIGURE 5 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 67
FIGURE 6 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2023 VS. 2028 (USD BILLION) 67
FIGURE 7 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2023 VS. 2028 (USD BILLION) 68
FIGURE 8 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2023 VS. 2028 (USD BILLION) 69
FIGURE 9 BULK FOOD INGREDIENTS MARKET (VALUE), BY REGION, 2022 70
4 PREMIUM INSIGHTS 71
4.1 OPPORTUNITIES IN BULK FOOD INGREDIENTS MARKET 71
FIGURE 10 RISING CONSUMPTION OF READY-TO-EAT FOOD & BEVERAGE PRODUCTS TO DRIVE DEMAND FOR BULK FOOD INGREDIENTS 71
4.2 ASIA PACIFIC: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE AND COUNTRY (2022) 72
FIGURE 11 GRAINS, PULSES, AND CEREALS SEGMENT TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC 72
4.3 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE 72
FIGURE 12 PROCESSED GRAINS, PULSES, AND CEREALS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 72
4.4 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE 73
FIGURE 13 GRAINS, PULSES, AND CEREALS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 73
4.5 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL 73
FIGURE 14 DIRECT FROM MANUFACTURERS TO DOMINATE MARKET DURING FORECAST PERIOD 73
4.6 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION 74
FIGURE 15 FOOD SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 74
5 MARKET OVERVIEW 75
5.1 INTRODUCTION 75
5.2 MACROECONOMIC INDICATORS 75
5.2.1 GROWING DEMAND FOR FORTIFIED FOOD OWING TO RISING HEALTH AWARENESS 75
FIGURE 16 AUSTRALIA: RETAIL SALES OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS, 2018–2022 (USD MILLION) 76
FIGURE 17 NUMBER OF COUNTRIES MANDATING FOOD FORTIFICATION, 2011–2019 76
5.2.2 CONSUMER AWARENESS OF MICRONUTRIENT DEFICIENCIES 77
FIGURE 18 PREVALENCE OF MALNUTRITION IN CHILDREN ACROSS MAJOR ECONOMIES, 2019 78
5.3 MARKET DYNAMICS 78
FIGURE 19 RAPID DEVELOPMENT IN PACKAGED FOOD INDUSTRY TO DRIVE GLOBAL BULK FOOD INGREDIENTS MARKET GROWTH 78
5.3.1 DRIVERS 79
5.3.1.1 Rapid growth in packaged food & beverage industry 79
FIGURE 20 CONSUMPTION TREND OF ALCOHOLIC BEVERAGES, 2018–2020 (LITER PER CAPITA) 79
5.3.1.2 Rise in end-use applications 80
FIGURE 21 NORTH AMERICA: PROCESSED FOOD CONSUMPTION SHARE IN DIETS, 2019 80
FIGURE 22 FOOD PROCESSING INDUSTRY SALES, 2009–2019 81
5.3.1.3 Environmental and economic benefits 81
5.3.2 RESTRAINTS 81
5.3.2.1 Improper storage management and infrastructure 81
FIGURE 23 FOOD LOSS AND WASTAGE IN DIFFERENT STAGES OF SUPPLY CHAIN, 2019 82
5.3.2.2 Bulk food ingredients are prone to contamination 82
FIGURE 24 DIFFERENT CAUSES OF FOOD SAFETY ISSUES IN DEVELOPED AND DEVELOPING COUNTRIES, 2020 83
5.3.3 OPPORTUNITIES 83
5.3.3.1 Rise in demand for natural or clean label products 83
FIGURE 25 US: CONSUMER PREFERENCE FOR CLEAN-LABEL PRODUCTS AND INGREDIENTS, 2020 84
5.3.3.2 Untapped markets in emerging economies 84
5.3.4 CHALLENGES 85
5.3.4.1 Unstable agricultural supply resulting in price volatility 85
FIGURE 26 FAO FOOD PRICE INDEX, 2020–2022 86
5.3.4.2 Lack of consistency in regulations pertaining to various ingredients 87
6 INDUSTRY TRENDS 88
6.1 INTRODUCTION 88
6.2 SUPPLY CHAIN ANALYSIS 88
FIGURE 27 BULK FOOD INGREDIENTS MARKET: SUPPLY CHAIN ANALYSIS 89
6.2.1 RESEARCH & PRODUCT DEVELOPMENT 89
6.2.2 DISTRIBUTION 89
6.2.3 END USERS 90
6.3 ECOSYSTEM 90
FIGURE 28 BULK FOOD INGREDIENTS: MARKET MAP 90
TABLE 4 BULK FOOD INGREDIENTS MARKET: ECOSYSTEM 91
6.4 VALUE CHAIN ANALYSIS 92
FIGURE 29 VALUE CHAIN ANALYSIS: BULK FOOD INGREDIENTS 92
6.4.1 RESEARCH & PRODUCT DEVELOPMENT 92
6.4.2 SOURCING 92
6.4.3 PRODUCTION & PROCESSING 92
6.4.4 DISTRIBUTION, SALES & MARKETING 93
6.5 TECHNOLOGY ANALYSIS 93
6.5.1 BULK FOOD INGREDIENTS AND SENSORS 93
6.5.2 BULK FOOD INGREDIENTS AND ARTIFICIAL INTELLIGENCE (AI) 93
6.6 AVERAGE SELLING PRICE TREND 94
FIGURE 30 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET: PRICING ANALYSIS, BY TYPE, 2014–2020 (USD/KT) 94
FIGURE 31 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET: PRICING ANALYSIS, BY TYPE, 2014–2020 (USD/KT) 95
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 95
FIGURE 32 YC-YCC: REVENUE SHIFT FOR BULK FOOD INGREDIENTS MARKET 96
6.8 PORTER’S FIVE FORCES ANALYSIS 96
6.8.1 BULK FOOD INGREDIENTS MARKET: PORTER’S FIVE FORCES ANALYSIS 96
6.8.2 INTENSITY OF COMPETITIVE RIVALRY 97
6.8.3 BARGAINING POWER OF SUPPLIERS 97
6.8.4 BARGAINING POWER OF BUYERS 97
6.8.5 THREAT OF NEW ENTRANTS 97
6.8.6 THREAT OF SUBSTITUTES 98
6.9 PATENT ANALYSIS 98
6.9.1 INTRODUCTION 98
6.10 PATENT ANALYSIS 99
FIGURE 33 LIST OF TOP PATENTS IN MARKET FOR TEN YEARS 99
TABLE 5 KEY PATENTS PERTAINING TO BULK FOOD INGREDIENTS, 2020–2021 99
6.11 KEY CONFERENCES & EVENTS IN 2023–2024 102
6.12 TRADE ANALYSIS 103
FIGURE 34 KEY IMPORTERS & EXPORTERS OF WHEAT, 2020 103
FIGURE 35 KEY IMPORTERS & EXPORTERS OF CORN, 2020 103
FIGURE 36 KEY IMPORTERS & EXPORTERS OF RICE, 2020 103
FIGURE 37 KEY IMPORTERS & EXPORTERS OF SORGHUM, 2020 104
FIGURE 38 KEY IMPORTERS & EXPORTERS OF NUTS, 2020 104
FIGURE 39 KEY IMPORTERS & EXPORTERS OF SUGAR, 2020 104
6.13 CASE STUDIES 105
TABLE 6 ALLERGEN SENSORS FOR CONSUMERS 105
TABLE 7 SENSORY EXPERIENCE TO REMAIN KEY PRIORITY FOR CONSUMERS 105
6.14 KEY STAKEHOLDERS AND BUYING CRITERIA 105
6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 106
FIGURE 40 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR BULK FOOD INGREDIENT APPLICATIONS 106
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR BULK FOOD INGREDIENT APPLICATIONS 106
FIGURE 41 KEY BUYING CRITERIA FOR TOP APPLICATIONS 106
7 REGULATORY FRAMEWORK 107
7.1 INTRODUCTION 107
7.2 NORTH AMERICA 107
7.2.1 US 107
7.2.2 CANADA 108
7.3 EUROPE 108
7.4 ASIA PACIFIC 109
7.4.1 CHINA 109
7.4.2 INDIA 110
7.4.3 JAPAN 111
7.5 SOUTH AMERICA 111
7.5.1 BRAZIL 111
8 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE 112
8.1 INTRODUCTION 113
FIGURE 42 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 113
TABLE 9 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2019–2022 (USD BILLION) 114
TABLE 10 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2023–2028 (USD BILLION) 114
8.2 GRAINS, PULSES, AND CEREALS 115
8.2.1 POPULATION GROWTH AND CHANGE IN DIETS TO LEAD TO INCREASE IN DEMAND FOR GRAINS, PULSES, AND CEREALS 115
TABLE 11 GRAINS, PULSES, AND CEREALS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 115
TABLE 12 GRAINS, PULSES, AND CEREALS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 115
8.3 TEA, COFFEE, AND COCOA 116
8.3.1 PREFERENCE FOR HERBAL & GREEN TEA AND COFFEE TO DRIVE SEGMENT 116
TABLE 13 TEA, COFFEE, AND COCOA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 116
TABLE 14 TEA, COFFEE, AND COCOA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 116
8.4 NUTS 117
8.4.1 DIABETIC-FRIENDLY ATTRIBUTES OF ALMONDS TO LEAD TO SEGMENT’S GROWTH 117
TABLE 15 NUTS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 117
TABLE 16 NUTS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 118
8.5 HERBS & SPICES 118
8.5.1 GLOBALIZATION AND EXPOSURE TO CULINARY TRADITIONS TO LEAD TO INCREASED DEMAND FOR HERBS & SPICES 118
TABLE 17 HERBS & SPICES: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 118
TABLE 18 HERBS & SPICES: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 119
8.6 OILSEEDS 119
8.6.1 GROWING POPULARITY OF PLANT-BASED DIETS AND INCREASING DEMAND FOR ALTERNATIVE PROTEIN SOURCES TO DRIVE GROWTH 119
TABLE 19 OILSEEDS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 119
TABLE 20 OILSEEDS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 120
8.7 SUGAR 120
8.7.1 USAGE OF SUGAR AS PRESERVATIVE TO DRIVE DEMAND IN BULK FOOD INGREDIENTS MARKET 120
TABLE 21 SUGAR: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 120
TABLE 22 SUGAR: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 121
8.8 SALT 121
8.8.1 ANTI-INFLAMMATORY PROPERTIES OF SEA SALT AND APPLICATION IN COSMETIC PRODUCTS TO DRIVE DEMAND 121
TABLE 23 SALT: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 122
TABLE 24 SALT: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 122
8.9 OTHER TYPES 122
8.9.1 ALIGNMENT OF DRIED VEGETABLES AND CITRIC ACID WITH PREFERENCES FROM HEALTH-CONSCIOUS CONSUMERS TO DRIVE DEMAND FOR OTHER TYPES 122
TABLE 25 OTHER TYPES: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 123
TABLE 26 OTHER TYPES: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 123
9 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE 124
9.1 INTRODUCTION 125
FIGURE 43 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 125
TABLE 27 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD BILLION) 126
TABLE 28 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD BILLION) 126
TABLE 29 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2019–2022 (KT) 127
TABLE 30 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2023–2028 (KT) 127
9.2 PROCESSED GRAINS, PULSES, AND CEREALS 128
9.2.1 HIGH FIBER AND PROTEIN CONTENT TO ENCOURAGE DEMAND FOR PROCESSED GRAINS, PULSES, AND CEREALS 128
TABLE 31 PROCESSED GRAINS, PULSES, AND CEREALS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 128
TABLE 32 PROCESSED GRAINS, PULSES, AND CEREALS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 129
TABLE 33 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN PROCESSED GRAINS, PULSES, AND CEREALS, BY REGION, 2019–2022 (KT) 129
TABLE 34 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN PROCESSED GRAINS, PULSES, AND CEREALS, BY REGION, 2023–2028 (KT) 129
9.3 VEGETABLE OIL 130
9.3.1 GROWTH OF QUICK-SERVICE AND PROCESSED FOOD INDUSTRIES TO DRIVE MARKET GROWTH 130
TABLE 35 VEGETABLE OIL: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 130
TABLE 36 VEGETABLE OIL: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 130
TABLE 37 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN VEGETABLE OIL, BY REGION, 2019–2022 (KT) 131
TABLE 38 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN VEGETABLE OIL, BY REGION, 2023–2028 (KT) 131
9.4 TEA, COFFEE, AND COCOA 132
9.4.1 RAPID GROWTH OF HOTELS, RESTAURANTS, AND CAFES TO DRIVE MARKET GROWTH 132
TABLE 39 TEA, COFFEE, AND COCOA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 132
TABLE 40 TEA, COFFEE, AND COCOA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 132
TABLE 41 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN TEA, COFFEE, AND COCOA, BY REGION, 2019–2022 (KT) 133
TABLE 42 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN TEA, COFFEE, AND COCOA, BY REGION, 2023–2028 (KT) 133
9.5 DRY FRUITS & PROCESSED NUTS 134
9.5.1 RISE IN CONSUMER TREND OF HEALTHY SNACKING TO DRIVE MARKET GROWTH 134
TABLE 43 DRY FRUITS & PROCESSED NUTS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 134
TABLE 44 DRY FRUITS & PROCESSED NUTS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 135
TABLE 45 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN DRY FRUITS & PROCESSED NUTS, BY REGION, 2019–2022 (KT) 135
TABLE 46 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN DRY FRUITS & PROCESSED NUTS, BY REGION, 2023–2028 (KT) 135
9.6 FLOURS 136
9.6.1 MULTIPLE HEALTH BENEFITS ASSOCIATED WITH CONSUMPTION OF VARIOUS TYPES OF FLOURS TO DRIVE DEMAND 136
TABLE 47 FLOURS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 136
TABLE 48 FLOURS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 137
TABLE 49 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN FLOURS, BY REGION, 2019–2022 (KT) 137
TABLE 50 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN FLOURS, BY REGION, 2023–2028 (KT) 137
9.7 SUGAR & SWEETENERS 138
9.7.1 RISING NUMBER OF HEALTH-CONSCIOUS CONSUMERS TO LEAD TO INCREASE IN DEMAND FOR NATURAL SWEETENERS 138
TABLE 51 SUGAR & SWEETENERS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 138
TABLE 52 SUGAR & SWEETENERS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 139
TABLE 53 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN SUGAR & SWEETENERS, BY REGION, 2019–2022 (KT) 139
TABLE 54 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN SUGAR & SWEETENERS, BY REGION, 2023–2028 (KT) 139
9.8 PROCESSED HERBS & SPICES 140
9.8.1 MEDICINAL PROPERTIES OF HERBS & SPICES AND EXTENSIVE USE IN AYURVEDA TO DRIVE DEMAND IN ASIA PACIFIC 140
TABLE 55 PROCESSED HERBS & SPICES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 140
TABLE 56 PROCESSED HERBS & SPICES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 141
TABLE 57 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN PROCESSED HERBS & SPICES, BY REGION, 2019–2022 (KT) 141
TABLE 58 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN PROCESSED HERBS & SPICES, BY REGION, 2023–2028 (KT) 141
9.9 SEA SALT 142
9.9.1 INCREASE IN DEMAND AS SEASONING AGENT TO DRIVE MARKET GROWTH 142
TABLE 59 SEA SALT: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 142
TABLE 60 SEA SALT: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 143
TABLE 61 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN SEA SALT, BY REGION, 2019–2022 (KT) 143
TABLE 62 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN SEA SALT, BY REGION, 2023–2028 (KT) 143
9.10 OTHER TYPES 144
TABLE 63 OTHER TYPES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 144
TABLE 64 OTHER TYPES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 144
TABLE 65 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN OTHER TYPES, BY REGION, 2019–2022 (KT) 145
TABLE 66 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE IN OTHER TYPES, BY REGION, 2023–2028 (KT) 145
10 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION 146
10.1 INTRODUCTION 147
FIGURE 44 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2023 VS. 2028 (USD BILLION) 147
TABLE 67 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 147
TABLE 68 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2023–2028 (USD BILLION) 148
10.2 FOOD APPLICATIONS, BY TYPE 148
TABLE 69 FOOD: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY SUBAPPLICATION, 2019–2022 (USD BILLION) 148
TABLE 70 FOOD: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY SUBAPPLICATION, 2023–2028 (USD BILLION) 149
10.3 FOOD APPLICATIONS, BY REGION 149
TABLE 71 FOOD: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 149
TABLE 72 FOOD: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 150
10.3.1 BAKERY PRODUCTS 150
10.3.1.1 Increase in preference for low-calorie, ready-to-eat food items among consumers to lead to higher demand 150
TABLE 73 BAKERY PRODUCTS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 150
TABLE 74 BAKERY PRODUCTS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 151
10.3.2 SNACKS & SPREADS 151
10.3.2.1 Rapid urbanization to influence food preferences among consumers 151
TABLE 75 SNACKS & SPREADS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 151
TABLE 76 SNACKS & SPREADS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 152
10.3.3 READY MEALS 152
10.3.3.1 Consumers to prefer food items that can easily be consumed without much effort 152
TABLE 77 READY MEALS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 152
TABLE 78 READY MEALS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 153
10.3.4 CONFECTIONERY PRODUCTS 153
10.3.4.1 Confectionery products to witness high demand as they are used for gifting purposes 153
TABLE 79 CONFECTIONERY PRODUCTS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 153
TABLE 80 CONFECTIONERY PRODUCTS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 154
10.3.5 OTHER FOOD APPLICATIONS 154
10.3.5.1 Rise in infant population and decrease in infant mortality rate to drive demand for infant formulas 154
TABLE 81 OTHER FOOD APPLICATIONS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 154
TABLE 82 OTHER FOOD APPLICATIONS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 155
10.4 BEVERAGE APPLICATIONS, BY TYPE 155
TABLE 83 BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY SUBAPPLICATION, 2019–2022 (USD BILLION) 155
TABLE 84 BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY SUBAPPLICATION, 2023–2028 (USD BILLION) 156
TABLE 85 BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 156
TABLE 86 BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 156
10.4.1 ALCOHOLIC BEVERAGES 157
10.4.1.1 Growth of alcoholic beverages market in US to drive demand for acidulants 157
TABLE 87 ALCOHOLIC BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 157
TABLE 88 ALCOHOLIC BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 157
10.4.2 NON-ALCOHOLIC BEVERAGES 158
10.4.2.1 Non-alcoholic beverages to provide nutrition in form of antioxidants and probiotics 158
TABLE 89 NON-ALCOHOLIC BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 158
TABLE 90 NON-ALCOHOLIC BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 158
10.4.3 NON-ALCOHOLIC BEVERAGES, BY TYPE 159
TABLE 91 NON-ALCOHOLIC BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 159
TABLE 92 NON-ALCOHOLIC BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD BILLION) 159
10.4.3.1 Hot beverages 159
TABLE 93 HOT BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 159
TABLE 94 HOT BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 160
10.4.3.2 Cold beverages 160
TABLE 95 COLD BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 160
TABLE 96 COLD BEVERAGES: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 160
11 BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL 161
11.1 INTRODUCTION 162
FIGURE 45 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2023 VS. 2028 162
TABLE 97 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2019–2022 (USD BILLION) 163
TABLE 98 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2023–2028 (USD BILLION) 163
TABLE 99 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2019–2022 (USD BILLION) 163
TABLE 100 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2023–2028 (USD BILLION) 163
11.2 DIRECT FROM MANUFACTURERS 164
11.2.1 INCREASE IN R&D ACTIVITIES FOR PROCESSED AND CONVENIENCE FOODS TO DRIVE DEMAND AMONG DIRECT MANUFACTURERS 164
TABLE 101 DIRECT FROM MANUFACTURERS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 164
TABLE 102 DIRECT FROM MANUFACTURERS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 165
TABLE 103 DIRECT FROM MANUFACTURERS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 165
TABLE 104 DIRECT FROM MANUFACTURERS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 165
11.3 DISTRIBUTORS 166
11.3.1 INCREASE IN GDP IN EMERGING MARKETS OF ASIA PACIFIC TO DRIVE MARKET GROWTH 166
TABLE 105 DISTRIBUTORS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 166
TABLE 106 DISTRIBUTORS: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 167
TABLE 107 DISTRIBUTORS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 167
TABLE 108 DISTRIBUTORS: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 167
12 BULK FOOD INGREDIENTS MARKET, BY REGION 168
12.1 INTRODUCTION 169
FIGURE 46 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 169
TABLE 109 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 170
TABLE 110 PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 170
TABLE 111 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 170
TABLE 112 SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 171
12.2 NORTH AMERICA 171
FIGURE 47 NORTH AMERICA: BULK FOOD INGREDIENTS MARKET 172
12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 172
FIGURE 48 INFLATION: COUNTRY-LEVEL DATA, 2018–2021 173
FIGURE 49 NORTH AMERICAN PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 174
TABLE 113 NORTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 174
TABLE 114 NORTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 174
TABLE 115 NORTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 175
TABLE 116 NORTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 175
TABLE 117 NORTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 175
TABLE 118 NORTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 176
TABLE 119 NORTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 176
TABLE 120 NORTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 177
TABLE 121 NORTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2019–2022 (KT) 177
TABLE 122 NORTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2023–2028 (KT) 178
TABLE 123 NORTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 178
TABLE 124 NORTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD BILLION) 178
TABLE 125 NORTH AMERICA: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION) 179
TABLE 126 NORTH AMERICA: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION) 179
TABLE 127 NORTH AMERICA: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 179
TABLE 128 NORTH AMERICA: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 179
TABLE 129 NORTH AMERICA: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 180
TABLE 130 NORTH AMERICA: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 180
TABLE 131 NORTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 180
TABLE 132 NORTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 180
TABLE 133 NORTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 181
TABLE 134 NORTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 181
12.2.2 US 181
12.2.2.1 Expanding market for bulk food ingredients to be driven by prominent industry players and extensive distribution reach 181
TABLE 135 US: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 182
TABLE 136 US: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 182
TABLE 137 US: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 183
TABLE 138 US: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 183
12.2.3 CANADA 184
12.2.3.1 Preference for convenience to drive market growth in Canada 184
TABLE 139 CANADA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 184
TABLE 140 CANADA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 185
TABLE 141 CANADA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 185
TABLE 142 CANADA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 186
12.2.4 MEXICO 186
12.2.4.1 Growing demand for bulk food ingredients to be driven by imports of processed food products 186
TABLE 143 MEXICO: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 187
TABLE 144 MEXICO: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 187
TABLE 145 MEXICO: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 188
TABLE 146 MEXICO: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 188
12.3 EUROPE 189
12.3.1 EUROPE: RECESSION IMPACT ANALYSIS 189
FIGURE 50 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2018–2021 190
FIGURE 51 EUROPE: RECESSION IMPACT ANALYSIS 190
TABLE 147 EUROPE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 190
TABLE 148 EUROPE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 191
TABLE 149 EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 191
TABLE 150 EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 191
TABLE 151 EUROPE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD BILLION) 192
TABLE 152 EUROPE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD BILLION) 192
TABLE 153 EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD BILLION) 193
TABLE 154 EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD BILLION) 193
TABLE 155 EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (KT) 194
TABLE 156 EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (KT) 194
TABLE 157 EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 195
TABLE 158 EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD BILLION) 195
TABLE 159 EUROPE: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION) 195
TABLE 160 EUROPE: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION) 196
TABLE 161 EUROPE: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 196
TABLE 162 EUROPE: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 196
TABLE 163 EUROPE: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 196
TABLE 164 EUROPE: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 197
TABLE 165 EUROPE: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 197
TABLE 166 EUROPE: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 197
TABLE 167 EUROPE: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 197
TABLE 168 EUROPE: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 198
12.3.2 GERMANY 198
12.3.2.1 Germany’s prominence as Europe’s largest industry sector and third-largest food & beverage exporter to drive market 198
TABLE 169 GERMANY: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 198
TABLE 170 GERMANY: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 199
TABLE 171 GERMANY: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 199
TABLE 172 GERMANY: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 200
12.3.3 UK 200
12.3.3.1 High demand for premium-quality food products to fuel growth of market 200
TABLE 173 UK: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 201
TABLE 174 UK: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 201
TABLE 175 UK: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 202
TABLE 176 UK: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 202
12.3.4 FRANCE 203
12.3.4.1 Attractive opportunities for players to boost market growth in France 203
TABLE 177 FRANCE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 203
TABLE 178 FRANCE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 204
TABLE 179 FRANCE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 204
TABLE 180 FRANCE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 205
12.3.5 SPAIN 205
12.3.5.1 Food products, vegetables, and meat products to account for more than half of exports, leading to increased demand for bulk food ingredients 205
TABLE 181 SPAIN: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 206
TABLE 182 SPAIN: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 206
TABLE 183 SPAIN: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 207
TABLE 184 SPAIN: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 207
12.3.6 ITALY 208
12.3.6.1 Potential of organic, functional, and low-fat food products in Italian market to drive demand for bulk food ingredients 208
TABLE 185 ITALY: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 208
TABLE 186 ITALY: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 209
TABLE 187 ITALY: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 209
TABLE 188 ITALY: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 210
12.3.7 REST OF EUROPE 210
TABLE 189 REST OF EUROPE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 210
TABLE 190 REST OF EUROPE: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 211
TABLE 191 REST OF EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 211
TABLE 192 REST OF EUROPE: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 212
12.4 ASIA PACIFIC 212
FIGURE 52 ASIA PACIFIC: BULK FOOD INGREDIENTS MARKET SNAPSHOT 213
12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 214
FIGURE 53 INFLATION: COUNTRY-LEVEL DATA, 2018–2021 214
FIGURE 54 ASIA PACIFIC BULK FOOD INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 215
TABLE 193 ASIA PACIFIC: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 215
TABLE 194 ASIA PACIFIC: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 216
TABLE 195 ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 216
TABLE 196 ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 216
TABLE 197 ASIA PACIFIC: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD BILLION) 217
TABLE 198 ASIA PACIFIC: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD BILLION) 217
TABLE 199 ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD BILLION) 218
TABLE 200 ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD BILLION) 218
TABLE 201 ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (KT) 219
TABLE 202 ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (KT) 219
TABLE 203 ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 220
TABLE 204 ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD BILLION) 220
TABLE 205 ASIA PACIFIC: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION) 220
TABLE 206 ASIA PACIFIC: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION) 220
TABLE 207 ASIA PACIFIC: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 221
TABLE 208 ASIA PACIFIC: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 221
TABLE 209 ASIA PACIFIC: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 221
TABLE 210 ASIA PACIFIC: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 221
TABLE 211 ASIA PACIFIC: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 222
TABLE 212 ASIA PACIFIC: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 222
TABLE 213 ASIA PACIFIC: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 222
TABLE 214 ASIA PACIFIC: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 222
12.4.2 CHINA 223
12.4.2.1 Increasing import of bulk food ingredients to be driven by China’s consumer behavior 223
TABLE 215 CHINA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 224
TABLE 216 CHINA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 224
TABLE 217 CHINA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 225
TABLE 218 CHINA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 225
12.4.3 INDIA 226
12.4.3.1 Rising GDP and changing lifestyles to drive India’s food & beverage industry, in turn driving demand for bulk food ingredients 226
TABLE 219 INDIA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 226
TABLE 220 INDIA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 227
TABLE 221 INDIA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 227
TABLE 222 INDIA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 228
12.4.4 JAPAN 228
12.4.4.1 Shortage of land suited for farming to result in over 60% of import of food products 228
TABLE 223 JAPAN: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 229
TABLE 224 JAPAN: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 229
TABLE 225 JAPAN: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 230
TABLE 226 JAPAN: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 230
12.4.5 AUSTRALIA & NEW ZEALAND 231
12.4.5.1 New Zealand to hold top position as leading provider of processed beverages to Australia. 231
TABLE 227 AUSTRALIA & NEW ZEALAND: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 231
TABLE 228 AUSTRALIA & NEW ZEALAND: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 232
TABLE 229 AUSTRALIA & NEW ZEALAND: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 232
TABLE 230 AUSTRALIA & NEW ZEALAND: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 233
12.4.6 SOUTH KOREA 233
12.4.6.1 Strong demand for healthy diets, diverse choices, and new flavors to drive market for bulk food ingredients 233
TABLE 231 SOUTH KOREA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 234
TABLE 232 SOUTH KOREA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 234
TABLE 233 SOUTH KOREA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 235
TABLE 234 SOUTH KOREA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 235
12.4.7 REST OF ASIA PACIFIC 236
TABLE 235 REST OF ASIA PACIFIC: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 236
TABLE 236 REST OF ASIA PACIFIC: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 236
TABLE 237 REST OF ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 237
TABLE 238 REST OF ASIA PACIFIC: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 237
12.5 SOUTH AMERICA 238
12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 238
FIGURE 55 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–2021 238
FIGURE 56 SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2022–2023 239
TABLE 239 SOUTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 239
TABLE 240 SOUTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 239
TABLE 241 SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 240
TABLE 242 SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 240
TABLE 243 SOUTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 240
TABLE 244 SOUTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 241
TABLE 245 SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 241
TABLE 246 SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 242
TABLE 247 SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2019–2022 (KT) 242
TABLE 248 SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2023–2028(KT) 243
TABLE 249 SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 243
TABLE 250 SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD BILLION) 243
TABLE 251 SOUTH AMERICA: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION) 244
TABLE 252 SOUTH AMERICA: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION) 244
TABLE 253 SOUTH AMERICA: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 244
TABLE 254 SOUTH AMERICA: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 245
TABLE 255 SOUTH AMERICA: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 245
TABLE 256 SOUTH AMERICA: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 245
TABLE 257 SOUTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 245
TABLE 258 SOUTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 246
TABLE 259 SOUTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 246
TABLE 260 SOUTH AMERICA: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 246
12.5.2 BRAZIL 246
12.5.2.1 Growth of Brazilian food & beverage sector to contribute to elevated consumption of sugar and sugar substitutes 246
TABLE 261 BRAZIL: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 247
TABLE 262 BRAZIL: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 247
TABLE 263 BRAZIL: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 248
TABLE 264 BRAZIL: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 248
12.5.3 ARGENTINA 249
12.5.3.1 Impact of cane sugar production on sugar industry in Argentina to boost demand for bulk food ingredients 249
TABLE 265 ARGENTINA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 249
TABLE 266 ARGENTINA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 250
TABLE 267 ARGENTINA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 250
TABLE 268 ARGENTINA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 251
12.5.4 REST OF SOUTH AMERICA 251
TABLE 269 REST OF SOUTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 251
TABLE 270 REST OF SOUTH AMERICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 252
TABLE 271 REST OF SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 252
TABLE 272 REST OF SOUTH AMERICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 253
12.6 REST OF THE WORLD (ROW) 253
12.6.1 ROW: RECESSION IMPACT ANALYSIS 253
FIGURE 57 ROW: INFLATION RATES, BY KEY REGION, 2018–2021 254
FIGURE 58 ROW: RECESSION IMPACT ANALYSIS, 2022–2023 254
TABLE 273 ROW: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 254
TABLE 274 ROW: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 255
TABLE 275 ROW: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2019–2022 (USD BILLION) 255
TABLE 276 ROW: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 255
TABLE 277 ROW: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 256
TABLE 278 ROW: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 256
TABLE 279 ROW: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 257
TABLE 280 ROW: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 257
TABLE 281 ROW: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (KT) 258
TABLE 282 ROW: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (KT) 258
TABLE 283 ROW: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 259
TABLE 284 ROW: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD BILLION) 259
TABLE 285 ROW: FOOD APPLICATION MARKET, BY TYPE, 2019–2022 (USD BILLION) 259
TABLE 286 ROW: FOOD APPLICATION MARKET, BY TYPE, 2023–2028 (USD BILLION) 259
TABLE 287 ROW: BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 260
TABLE 288 ROW: BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 260
TABLE 289 ROW: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2019–2022 (USD BILLION) 260
TABLE 290 ROW: NON-ALCOHOLIC BEVERAGES MARKET, BY TYPE, 2023–2028 (USD BILLION) 260
TABLE 291 ROW: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 261
TABLE 292 ROW: BULK FOOD INGREDIENTS MARKET, BY PRIMARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 261
TABLE 293 ROW: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2019–2022 (USD BILLION) 261
TABLE 294 ROW: BULK FOOD INGREDIENTS MARKET, BY SECONDARY DISTRIBUTION CHANNEL APPLICATION, 2023–2028 (USD BILLION) 261
12.6.2 AFRICA 262
12.6.2.1 Increasing consumer preference for convenience food products to fuel demand for bulk food ingredients 262
TABLE 295 AFRICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 262
TABLE 296 AFRICA: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 263
TABLE 297 AFRICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 263
TABLE 298 AFRICA: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 264
12.6.3 MIDDLE EAST 264
12.6.3.1 Market in Middle East set to grow as more food processing companies enter industry 264
TABLE 299 MIDDLE EAST: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 265
TABLE 300 MIDDLE EAST: PRIMARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 265
TABLE 301 MIDDLE EAST: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 266
TABLE 302 MIDDLE EAST: SECONDARY PROCESSED BULK FOOD INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 266
13 COMPETITIVE LANDSCAPE 267
13.1 OVERVIEW 267
13.2 MARKET SHARE ANALYSIS, 2022 267
TABLE 303 BULK FOOD INGREDIENTS MARKET: DEGREE OF COMPETITION, 2022 268
13.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 269
FIGURE 59 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2018–2022 (USD BILLION) 269
13.4 ANNUAL REVENUE VS. GROWTH OF KEY PLAYERS 270
FIGURE 60 ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022 (%) 270
13.5 EBITDA OF KEY PLAYERS 271
FIGURE 61 EBITDA, 2022 (USD BILLION) 271
13.6 STRATEGIES ADOPTED BY KEY PLAYERS 271
13.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 273
FIGURE 62 BULK FOOD INGREDIENTS: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022 273
13.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 274
13.8.1 STARS 274
13.8.2 EMERGING LEADERS 274
13.8.3 PERVASIVE PLAYERS 274
13.8.4 PARTICIPANTS 275
FIGURE 63 BULK FOOD INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 275
13.8.5 FOOTPRINT, BY TYPE 276
TABLE 304 COMPANY FOOTPRINT, BY TYPE 276
TABLE 305 COMPANY FOOTPRINT, BY APPLICATION 277
TABLE 306 COMPANY FOOTPRINT, BY REGION 278
TABLE 307 OVERALL COMPANY FOOTPRINT 279
13.9 EVALUATION QUADRANT OF STARTUPS/SMES 280
13.9.1 PROGRESSIVE COMPANIES 280
13.9.2 STARTING BLOCKS 280
13.9.3 RESPONSIVE COMPANIES 280
13.9.4 DYNAMIC COMPANIES 280
FIGURE 64 BULK FOOD INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES) 281
13.9.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 282
TABLE 308 BULK FOOD INGREDIENTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 282
TABLE 309 BULK FOOD INGREDIENTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 283
13.10 COMPETITIVE SCENARIO 284
13.10.1 PRODUCT LAUNCHES 284
TABLE 310 PRODUCT LAUNCHES, 2019–2023 284
13.10.2 DEALS 285
TABLE 311 DEALS, 2019–2023 285
13.10.3 OTHERS 291
TABLE 312 OTHERS, 2019–2023 291
14 COMPANY PROFILES 295
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
14.1 KEY PLAYERS 295
14.1.1 ADM 295
TABLE 313 ADM: COMPANY OVERVIEW 296
FIGURE 65 ADM: COMPANY SNAPSHOT 296
TABLE 314 ADM: PRODUCT LAUNCHES 299
TABLE 315 ADM: DEALS 299
TABLE 316 ADM: OTHERS 300
14.1.2 INTERNATIONAL FLAVORS & FRAGRANCES INC. 301
TABLE 317 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW 301
FIGURE 66 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT 302
TABLE 318 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS 303
TABLE 319 INTERNATIONAL FLAVORS & FRAGRANCES INC.: OTHERS 303
14.1.3 OLAM GROUP 305
TABLE 320 OLAM GROUP: BUSINESS OVERVIEW 305
FIGURE 67 OLAM GROUP: COMPANY SNAPSHOT 306
TABLE 321 OLAM GROUP: PRODUCT LAUNCHES 308
TABLE 322 OLAM GROUP: DEALS 308
TABLE 323 OLAM GROUP: OTHERS 310
14.1.4 CARGILL, INCORPORATED 311
TABLE 324 CARGILL, INCORPORATED: BUSINESS OVERVIEW 311
FIGURE 68 CARGILL, INCORPORATED: COMPANY SNAPSHOT 311
TABLE 325 CARGILL, INCORPORATED: PRODUCT LAUNCHES 314
TABLE 326 CARGILL, INCORPORATED: DEALS 315
TABLE 327 CARGILL, INCORPORATED: OTHERS 315
14.1.5 INGREDION 318
TABLE 328 INGREDION: BUSINESS OVERVIEW 318
FIGURE 69 INGREDION: COMPANY SNAPSHOT 319
TABLE 329 INGREDION: DEALS 321
TABLE 330 INGREDION: OTHERS 321
14.1.6 ASSOCIATED BRITISH FOODS PLC 323
TABLE 331 ASSOCIATED BRITISH FOODS PLC: BUSINESS OVERVIEW 323
FIGURE 70 ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT 324
TABLE 332 ASSOCIATED BRITISH FOODS PLC: OTHERS 327
14.1.7 TATE & LYLE 328
TABLE 333 TATE & LYLE: COMPANY OVERVIEW 328
FIGURE 71 TATE & LYLE: COMPANY SNAPSHOT 329
TABLE 334 TATE & LYLE: PRODUCT LAUNCHES 330
TABLE 335 TATE & LYLE: DEALS 331
TABLE 336 TATE & LYLE: OTHERS 332
14.1.8 SÜDZUCKER AG 334
TABLE 337 SÜDZUCKER AG: BUSINESS OVERVIEW 334
FIGURE 72 SÜDZUCKER AG: COMPANY SNAPSHOT 335
14.1.9 RAIZEN 337
TABLE 338 RAIZEN: BUSINESS OVERVIEW 337
FIGURE 73 RAIZEN: COMPANY SNAPSHOT 337
TABLE 339 RAIZEN: DEALS 338
14.1.10 GRAINCORP 340
TABLE 340 GRAINCORP: COMPANY OVERVIEW 340
FIGURE 74 GRAINCORP: COMPANY SNAPSHOT 341
14.1.11 WILMAR INTERNATIONAL LIMITED 343
TABLE 341 WILMAR INTERNATIONAL LIMITED: BUSINESS OVERVIEW 343
FIGURE 75 WILMAR INTERNATIONAL LIMITED: COMPANY SNAPSHOT 344
14.1.12 MCCORMICK & COMPANY, INC. 346
TABLE 342 MCCORMICK & COMPANY, INC.: BUSINESS OVERVIEW 346
FIGURE 76 MCCORMICK & COMPANY, INC.: COMPANY SNAPSHOT 347
TABLE 343 MCCORMICK & COMPANY, INC.: DEALS 349
14.1.13 BORGES INTERNATIONAL GROUP, S.L.U 350
TABLE 344 BORGES INTERNATIONAL GROUP, S.L.U: BUSINESS OVERVIEW 350
FIGURE 77 BORGES INTERNATIONAL GROUP, S.L.U: COMPANY SNAPSHOT 350
TABLE 345 BORGES INTERNATIONAL GROUP, S.L.U: DEALS 351
TABLE 346 BORGES INTERNATIONAL GROUP, S.L.U: OTHERS 351
14.1.14 EBRO FOODS, S.A. 353
TABLE 347 EBRO FOODS, S.A.: BUSINESS OVERVIEW 353
FIGURE 78 EBRO FOODS, S.A.: COMPANY SNAPSHOT 354
14.1.15 JB COCOA 356
TABLE 348 JB COCOA: BUSINESS OVERVIEW 356
FIGURE 79 JB COCOA: COMPANY SNAPSHOT 357
TABLE 349 JB COCOA: OTHERS 357
14.2 OTHER PLAYERS 359
14.2.1 THE GREEN LABS LLC 359
TABLE 350 THE GREEN LABS LLC: BUSINESS OVERVIEW 359
14.2.2 DÖHLER GMBH 361
TABLE 351 DÖHLER GMBH: BUSINESS OVERVIEW 361
14.2.3 GRAIN MILLERS, INC. 363
TABLE 352 GRAIN MILLERS, INC.: BUSINESS OVERVIEW 363
14.2.4 DIEFENBAKER SPICE & PULSE 365
TABLE 353 DIEFENBAKER SPICE & PULSE: BUSINESS OVERVIEW 365
14.2.5 SILVA INTERNATIONAL 367
TABLE 354 SILVA INTERNATIONAL: BUSINESS OVERVIEW 367
TABLE 355 SILVA INTERNATIONAL: OTHERS 368
14.2.6 VAN DRUNEN FARMS 369
TABLE 356 VAN DRUNEN FARMS: BUSINESS OVERVIEW 369
14.2.7 BERGIN FRUIT AND NUT COMPANY 372
TABLE 357 BERGIN FRUIT AND NUT COMPANY: BUSINESS OVERVIEW 372
14.2.8 ROQUETTE FRÈRES 373
TABLE 358 ROQUETTE FRÈRES: BUSINESS OVERVIEW 373
14.2.9 FRENCH FOOD ADDITIVES COMPANY 374
TABLE 359 FRENCH FOOD ADDITIVES COMPANY: BUSINESS OVERVIEW 374
14.2.10 TECHNO FOOD INGREDIENTS CO., LTD 375
TABLE 360 TECHNO FOOD INGREDIENTS CO., LTD: BUSINESS OVERVIEW 375
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15 ADJACENT AND RELATED MARKETS 376
15.1 INTRODUCTION 376
TABLE 361 ADJACENT MARKETS 376
15.2 RESEARCH LIMITATIONS 376
15.2.1 SPECIALTY FOOD INGREDIENTS MARKET 376
15.2.2 MARKET DEFINITION 376
15.2.3 MARKET OVERVIEW 377
TABLE 362 ACIDULANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 377
TABLE 363 ACIDULANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 377
15.3 SPICES & SEASONINGS MARKET 378
15.3.1 MARKET DEFINITION 378
15.3.2 MARKET OVERVIEW 378
TABLE 364 SPICES & SEASONINGS MARKET, BY APPLICATION, 2016–2020 (USD MILLION) 379
TABLE 365 SPICES & SEASONINGS MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 379
16 APPENDIX 380
16.1 DISCUSSION GUIDE 380
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 385
16.3 CUSTOMIZATION OPTIONS 387
16.4 RELATED REPORTS 387
16.5 AUTHOR DETAILS 388