Global Clean Label Ingredients Market: Overview
Clean label ingredients are referred to the food products that contain familiar, natural, simple, and can be easily recognized by the consumer. These neither include artificial ingredients nor synthetic chemicals. Moreover, these are an organic, non-GMO product that does not contain any preservatives or additives. Flavors, fruits, starch, sweeteners, vegetables, flours, malt, and colors are some of the ingredients that can be categorized under the clean label.
Global Clean Label Ingredients Market: Growth Factors
The rising preference of consumers toward clean food products, clean label movement, increase in disposable income, and changing lifestyle with a high preference for better health are some of the key factors driving the growth of the global clean label ingredients market. In addition to this, it is been found that millennials, as well as baby boomers, learn about the ingredients, sourcing, and processing of food & beverages and hence there is a huge impact of the clean label on their decision while buying a product. Moreover, factors such as the awareness regarding the benefits of organic food, supplemental foods derived from unprocessed foods through social media are contributing to the growth of the market. Additionally, due to a busy lifestyle, there is a huge demand for frozen food, instant noodles, packaged product as well as the ready-to-eat meal. These foods have preservatives and ingredients to maintain the quality and extend the shelf-life of the product. There is a huge demand from consumers to add clean label ingredients to all such food products. Owing to such demand from consumers, the growth of the global clean label ingredients market is fostering. Furthermore, huge investments made by the food & beverages industry in R&D to develop new products with clean label ingredients will drive the growth of the market during the forecast period. However, the high cost associated with the clean label products will restrain the growth of the global clean label ingredients market.
With the emergence of the covid-19 pandemic, there arises an unavoidable need to follow complete lockdown and social distancing rules imposed by the government of several countries to avoid the spread of the disease. This resulted in a temporary shutdown of all the industrial processes as well and food & beverages was not an exemption for this. Moreover, the limitations of transport have also resulted in a shortage of raw materials. All these factors have severely hit the growth of the global clean label ingredients market amid covid-19. On the other side, with the uplifting of the lockdown and as a preventive measure, the consumers highly prefer the clean label products as they are non-GMO and free of artificial ingredients. Moreover, there is a high demand for nutrients and food products that are an immune booster, support health, and has low sugar content which is resulting in the demand for clean label ingredients hereby supporting the growth of the market.
Global Clean Label Ingredients Market: Segmentation
The global clean label ingredients market is bifurcated based on form, application, type, and region. Based on form, the market is divided into liquid and dry. The application segment is split into bakery, cereals & snacks, beverages, processed foods & ready meals, dairy & frozen desserts, and others. The type segment is bifurcated into flours, natural flavors, starch & sweeteners, fruits & vegetable ingredients, malt, natural colors, and others.
Global Clean Label Ingredients Market: Regional Analysis
The global clean label ingredients market in Europe holds the maximum share in terms of revenue and this is attributed to the factors such as rising demand for clean label products, rising trend of using clean label ingredients to ensure better health among the millennials, and the presence of major key players. On the other hand, Asia Pacific region is anticipated to grow at a high rate. Factors such as increasing self-care, rising focus on health & wellness, growing demand for organic food, and busy lifestyle enabling the need for ready-to-eat meal & processed food are fuelling the growth of the market in this region.
Global Clean Label Ingredients Market: Competitive Players
Koninklijke DSM N.V., Cargill, Brisan, E. I. du Pont de Nemours and Company, Archer Daniels Midland Company, Groupe Limagrain, Corbion N.V., Tate & Lyle PLC, and Kerry Group Plc are some of the major companies in the global clean label ingredients market.
Global Clean Label Ingredients Market: Regional Segment Analysis
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