Clean Label Food Ingredients Market to Reach $47B in 2022

The global market for clean label ingredients is projected to reach $47.10 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.60% from this year, a new report business insights firm Markets and Markets said.

“The market is driven by the rise in clean label product launches and is fueled by an increase in consumer demand for clean label food products to drive consumption of clean label ingredients and health issues associated with artificial food additives and food safety incidents,” the company said in a press release Thursday.

Dry forms of clean label ingredients are anticipated to lead all market segments and grow by the highest CAGR through 2022.

“This is due to its stability and ease in handling during supply chain activities. Furthermore, ease in production at lower costs together with their convenience in usage in a wide range of food and beverage products has further driven the demand for the dry form of ingredients,” Markets and Markets said.

Flour, holding the largest share of the clean label ingredient market in 2015, is expected to lead the through the period, owing to its wide use in a variety of food products.

Clean label ingredients for cereal and snacks are projected to be the fastest growing market segments through 2022 as snack food consumption between meals increases and consumers seek healthier alternatives to common junk food.

The Asia-Pacific region will emerge as the fastest growing region for clean label ingredients as consumer awareness of artificial ingredients’ ill health effects grows, the researchers said.

Key players in the clean label ingredients market through 2022 were identified as Cargill, Archer Daniels Midland (ADM), Koninklijke DSM N.V., Kerry Group PLC, Tate & Lyle PLC, Ingredion Inc., Brisan, Corbion N.V., Sensient Technologies Corp., E.I. du Pont de Nemours and Co., Groupe Limagrain, and Chr. Hansen.

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