Market Overview:
The Global Clean Label Ingredients Market was worth USD 39.0 billion in 2019 and estimated to be growing at a CAGR of 6.79%, to reach USD 54.2 billion by 2024. The Clean Label Ingredients market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the development in the field of natural ingredients with a wide range of functional benefits. Clean label ingredients are a class of food additives and ingredients which include products like sweeteners, colors, flavors etc. These ingredients have specific properties which classify them under the clean label, which are primary and secondary. Primary properties include fewer product ingredients without any chemical name or easily understandable, no artificial additives. Secondary factors are natural, organic and non-GMOs.
Market Drivers and Restraints:
Rise of awareness among people regarding health issues related to the use of artificial food additives and food safety incidents has led to a sudden growth in the market of clean label ingredients. Further, the increase in consumer demand for clean label food products has been driving the consumption of clean label ingredients and need for clean label product launches. The company faces a few challenges and restraints as well. These include limitations of clean label ingredients compared to artificial ones, high cost of ingredient leading to costly products and thus low consumption.
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Report segmented as
By Form:
Dry
Liquid
By Type:
Natural Colors
Starch & Sweeteners
Natural Flavors
Fruit & Vegetable Ingredients
Flours
By Application:
Beverages
Bakery
Dairy
Frozen Products
Processed Foods
Geographical Analysis:
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Clean Label Ingredients market was dominated by Asia-Pacific, with the overall market share of over 34% globally. Asia-Pacific was followed by Europe and North America. Asia Pacific is predicted to grow at a rapid pace while Europe market is expected to be stagnant in the coming few years.
Important Market Players:
Some of the major companies dominating the market, by their products and services include Cargill, Archer Daniels Midland Company, Koninklijke DSM N.V., E.I. Dupont De Nemours and Company, Kerry Group PLC, Ingredion Incorporated, Tate & Lyle PLC, Sensient Technologies Corporation, Corbion N.V., GroupeLimagrain, Chr. Hansen A/S, Brisan.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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