Market Share of Clean Label Ingredient Industry
The clean label ingredients market is highly competitive in nature due to the presence of several local, domestic, and global players. Due to the presence of several players in the clean label ingredients market, the rivalry among the competitors is also high. Leading players, like Cargill Inc., International Flavors and Fragrances Inc., Ingredion Inc., DSM-Firmenich, and Archer Daniel Midlands Company, account for a significant market share globally. Cargill Inc. dominates the market with a significantly high market share. The larger players are increasing their R&D investments, partnering with other firms, and expanding their business to maintain their position and share in the market studied. For instance, in June 2022, Givaudan, in partnership with US-based Manus Bio (biomanufacturer of natural products), launched a sustainable, natural, clean label citrus flavor ingredient called BioNootkatone. The company claims that BioNootkatone provides a refreshing, natural citrus taste that can be used in various food and beverage applications.
Clean Label Ingredient Market Leaders
Archer-Daniels-Midland Company
Cargill, Incorporated
Ingredion Incorporated
DSM-Firmenich
International Flavor and Fragrances Inc.
*Disclaimer: Major Players sorted in no particular order
