Bulk Food Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The bulk food ingredients market is recording a CAGR of 4.9% during the forecast period (2020 - 2025).

• The market is majorly driven by the evolving lifestyle factors, such as demand for packaged convenience and ready-to-eat foods like confectionery items, biscuits, beverages, chocolates, etc. The robust growth in foodservice retail chains with an increase in the number of eateries and cafes, which purchases a huge quantity of food ingredients from the wholesale supplier has further boosted the market growth. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for processed foods, thus gearing market growth.
• However, factors such as lack of infrastructure facilities and easy bacterial contamination of bulk food ingredients, along with the volatile price fluctuations of bulk food ingredients are expected to restrain the global market growth.

Scope of the Report

The market for bulk food ingredients has been segmented by category into primary and secondary precessed; by product type into grains, pulses, and cereals, tea, coffee, and cocoa, herbs and spices, oilseeds, sugar and sweeteners, edible oils, and other product types; and by application into bakery and confectionery, snacks and spreads, ready meals, and other applications. Also, the study provides an analysis of the bulk food ingredients market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

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Key Market Trends

Increased Demand For Convenience Foods

Rising demand for prepared and convenience food products, such as baked goods, snacks, yogurt, ice-cream, beverages, and other ready meals among the consumers have been witnessed with an increasing trend. This is due to the benefits of convenience food, such as lesser preparation time and easy handling that offers an advantage to the consumers in their busy life schedule. Food ingredients purchased in bulk by the primary manufacturing companies make up a very large part of the final product and have a significant impact on the final packaged product. For instance, products, ranging from fat-free dressing, low-fat mayonnaise, sauces, processed meat products, etc., require a broad variety of functional ingredients to provide optimization in terms of stability, creaminess, shelf-life, viscosity, and water absorption, among others.

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