Bulk Ingredients Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2029
Market Analysis and Insights of Global Bulk
Ingredients Market
Data Bridge Market Research analyses that the
bulk ingredients market was valued at USD 809.3 million in 2021 and is expected
to reach the value of USD 1204.85 million by 2029, at a CAGR of 5.10% during
the forecast period of 2022-2029.
Corn starch, also known as corn
flour and maize starch, is produced from corn through a process of wet milling,
steeping, grinding, purifying, and drying. Corn starch is a common food
ingredient used all over the world. Furthermore, it is widely used in the
packaged food and food processing industries. Maize starch, extracted from the
kernel of corn, adds superior texture, viscosity, and other desirable
properties to a wide range of food products, from microwaveable goods to canned
chilled frozen extruded snacks and dry mixes.
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Market
Scope and Global
Bulk Ingredients Market
Some of the major players operating in the bulk
ingredients market are:
Cargill Incorporated (US)
BASF SE (Germany)
DSM (Netherlands)
Orkla (Norway)
Croda International Plc (UK)
Lonza. (Switzerland)
Corbion (Netherlands)
GC Rieber (India)
Epax (Norway)
Runke Bioengineering (China)
Nordic Naturals, Inc. (US)
Sinomega Biotech Engineering Co. Ltd. (China)
Polaris (US)
Huatai Biopharm (China)
ALGISYS LLC (US)
Biosearch Life (Spain)
Global
Bulk Ingredients Market Scope
The bulk ingredients market is segmented on the basis of type
and application. The growth amongst these segments will help you analyse meagre
growth segments in the industries and provide the users with a valuable market
overview and market insights to help them make strategic decisions for
identifying core market applications.
Type
- Primary Processed Bulk Food Ingredients
- Grains
- Pulses
- Cereals
- Tea
- Coffee
- Cocoa
- Nuts
- Herbs & spices
- Oilseeds
- Sugar
- Salt
- Others
- Secondary Processed Bulk Food Ingredients
Application
- Food Applications
- Bakery products
- Snacks & spreads
- Ready meals
- Confectionery products
- Other food applications
- Beverage Applications
- Alcoholic beverages
- Non-alcoholic beverages
- Hot beverages
- Cold beverages
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Recent
development
- Olam Food Ingredients acquired
Olde Thompson, a leading private label spice and seasonings manufacturer,
in April 2021. This acquisition supports OFI's growth strategy of becoming
a global leader in providing sustainable, natural, value-added food and
beverage ingredients and solutions so that consumers can continue to enjoy
the healthy and tasty products they enjoy.
- Olam International and Mondçlez
International, Inc. formed a joint venture in April 2021 to develop a
sustainable commercial cocoa farm in Indonesia.
- Tate & Lyle acquired 85
percent of Chaodee Modified Starch Co. Ltd in February 2021 to strengthen
its tapioca food starch segment in the Asia Pacific market. This
acquisition will allow them to expand their presence in specialty
tapioca-based texturants and meet the needs of their customers.
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