Bulk Food Ingredients Market Trends Estimates High Demand by 2025
Posted by kailas waghmare on March 25th, 2019
The market for bulk food ingredients is segmented into type, application and region. This market is driven by factors namely increase in consumer spending, rapid urbanization, improved standard of living of the consumers leading to increasing demand for ready to eat meals. Consumers have become more health conscious and they demand healthy food with low fat, low cholesterol, low sugar. Consumers demand food that are rich in fiber and protein content. These factors are influencing the market for bulk food ingredients. Also, he increasing health-awareness among consumers has led to an increased demand for bulk food ingredients.
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The companies in bulk food ingredients are focusing on expansions, new launches and acquisitions, thereby driving the market for bulk food ingredients. The drivers for this market include increasing disposable income, busy lifestyle, technological advancements, increasing working women population. Unstable agricultural supply has posed a challenge for bulk food manufacturers and producers.
Top Key Players:
On the basis of type, the bulk food ingredients market is segmented into primary processed and secondary processed bulk food ingredients. Primary processed is further sub segmented into grains & seeds, herbs & spices, sugar, salt, oilseeds, nuts, and others. Secondary processed is further sub segmented into dry fruits & nuts, grains & seeds, flour, herbs & spices, sugar, salt, and others. Herbs & Spices segment is expected to grow at the highest CAGR during the forecast period owing to increasing demand for healthy products among consumers. Based on end use, the market is divided into alcoholic beverages and non-alcoholic beverages.
KEY BENEFITS FOR STAKEHOLDERS:
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About the Authorkailas waghmare
Joined: March 5th, 2019
Articles Posted: 161
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