October 20, 2020
According to a recent study ‘Clean Label Ingredients Market Share, Size, Trends, Industry Analysis Report By Application; By Form ; By Type; By Regions, Segment Forecast, 2020 - 2026’, available with Market Study Report, global clean label ingredients market is projected to showcase an appreciable growth rate during 2020-2026, subsequently accounting USD 68.22 billion by the end of the forecast timeframe.
Growing health conscious population, rising demand for convenience food owing to changing lifestyle, negatives associated with consumption of artificial food products, and improving living standards facilitated by increasing disposable incomes are driving global clean label ingredients market growth. Besides, availability to a broadening range of clean label products is enhancing the business landscape.
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For the record, clean label products are void of artificial ingredients that negatively impact the overall human health. Clean label food & beverage manufacturers fortify the nutritional value of food products through natural additives such as chia seeds, nuts, fruits, and pumpkins.
Elaborating on the application spectrum, dairy segment in global clean label ingredients market is anticipated to gain considerable traction over the forecast period, attributable to several product revamping and new launches.
Meanwhile, prepared food/ready meals & processed foods segment in expected to contribute significantly to global clean label ingredients market share owing to increasing investment towards utilizing natural substances in tandem with shifting consumer preference towards organic products. Manufacturers are using brown colors from rice and organic surgarcane, orange color from pumpkin juice and carrot concentrates. Such innovations that enable the development of least processed food which retain their natural food content will boost the segmental share.
Cereals & snacks segment in global clean label ingredients market will accrue notable returns due to increasing tendency and frequency of snacking between meals. Emergence of easy to carry and consume options that offer various health benefits along with increased consumer expenditure is steering the segment growth.
On the geographical front, North America is a significant contributor for global clean label ingredients market remuneration. Strong presence of industry players, revisions in nutritional recommendations, government directives, and consumer demands for health-oriented products are fostering the regional industry expansion.
Some of the renowned names in this business sphere are Frutarom Industries Ltd., Sensient Technologies Corp., Corbion N.V., DowDuPont de Numours, Inc., ADM Co., Cargill, Inc., Tate & Lyle plc, Ingredion Inc., Kerry Group plc, and Koninklijike DSM N.V.