The global Food Ingredients for Frozen Foods Market size is expected to reach USD 174.15 Billion in 2030 and register a revenue CAGR of 6.7% over the forecast period, according to latest report by Reports and Data. Rising consumer inclination towards healthy and nutritious diet and rapid implementation of advanced technologies, along with increasing innovations of new functional ingredients, are factors expected to drive market revenue growth during the forecast period.
Increasing consumer preference for vegan, vegetarian, and cruelty-free food ingredients is expected to boost growth of the global Food Ingredients for Frozen Foods Market in near future. Currently, a large section of consumers are avoiding all animal products, which is leading to increasing demand for meat-free and dairy-free food ingredients. Additionally, increasing research initiatives to substitute animal food with plant-based and vegan food products to provide sustainability with natural ingredients and quality nutrition is another important factor expected to drive growth of the market over the forecast period.
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Top Companies Operating in the Global Food Ingredients for Frozen Foods Market Report:
Cargill, Incorporated, Gelita AG, International Flavors & Fragrances, Inc., Symrise AG, Givaudan, Kerry Group, Archer Daniels Midland Company, Hermes Sweeteners Ltd., Corbion N.V., and Tate & Lyle Plc.
Notable Innovations of Food Ingredients for Frozen Foods Market
- Plant-based proteins: The demand for plant-based proteins has grown significantly, and food ingredient companies have responded by developing innovative new plant-based protein sources such as pea, soy, and rice protein. These ingredients are used to create plant-based meat substitutes, dairy alternatives, and other products that appeal to consumers looking for healthier and more sustainable food options.
- Clean label ingredients: Clean label ingredients are food ingredients that are free from artificial additives and preservatives. Consumers are increasingly looking for clean label products, and food ingredient companies have responded by developing new natural and organic ingredients that can be used to create clean label products.
- Probiotics and prebiotics: Probiotics are live bacteria that can help improve gut health, while prebiotics are non-digestible fibers that promote the growth of beneficial bacteria in the gut. Food ingredient companies have developed new probiotic and prebiotic ingredients that can be added to a wide range of food products, including dairy, beverages, and snacks.
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The global Food Ingredients for Frozen Foods Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Ingredient Type Outlook (Revenue, USD Billion; 2018-2030)
- Vegetable Oils & fats
- Natural Sweeteners
- Natural Flavorings & colors
- Enzymes & Antioxidants
- Functional Ingredients
- Others
Application Outlook (Revenue, USD Billion; 2018-2030)
- Chocolates & Confectionery
- Bakery
- Frozen Foods
- Functional Foods
- Others
Benefit Outlook (Revenue, USD Billion; 2018-2030)
- Immunity
- Weight Management
- Bone & Gut Health
- Cardiovascular Health
- Others
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