March 11, 2021
According to the recent research report titled ‘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 size is expected to attain a valuation of USD 68.22 billion by the year 2026.
The shift in customer preference for organic products is boosting global clean label ingredients market growth. Moreover, inclination toward less refined foods and preserving the natural quality of food will have a huge effect on the market outlook.
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Notably, global clean label ingredients market has experienced rapid growth in recent years, and this trend is projected to continue between 2019 and 2026. Companies developing products and formulations with enhanced texture, good taste, smell, appearance, and tolerance are benefitting from customer recognition.
The number of clean label product launches is increasing, giving customers more options while also allowing them to focus on their health. Growing product investment and use of natural products for coloring, such as brown color from and organic sugarcane, is fostering the market outlook. Similarly, orange hue is sourced from carrot concentrates and pumpkin juice.
Based on application scope, global clean label ingredients industry is categorized into bakery, beverages, cereals & snacks, dairy & frozen desserts, ready meals & processed foods, and others. Among these, dairy segment is slated to grow modestly over the forecast period, owing to amplified product revamping and new product releases.
Rising trend of snacking in between meals, in consort with handy packaging of snacks will further impel the market valuation. Snacks are common among children, and parents tend to give their children clean-label cereal & snacks over traditional alternatives. Growing customer emphasis on food nutritional value, such as naturalness, high vitamins, high protein, no or minimal processing, is expected to further augment worldwide clean label ingredients industry share.
These are also commonly consumed in developed economies with high consumer spending on health-conscious foods facilitating the business scenario.
The presence of numerous major players, especially in North American region, is playing an important role in the food and beverage industry transformation. Improvements in dietary guidelines, proposed government regulations, and consumer demands have culminated in the requisite health-related amendments.
Major companies influencing global clean label ingredients industry sphere are Frutarom Industries Ltd., Sensient Technologies Corporation, Corbion N.V., DuPont de Nemours Inc., Archer Daniels Midland Company (ADM), Cargill Inc., Tate & Lyle plc, Ingredion Incorporated, Kerry Group plc, and Koninklijke DSM N.V.