The rise in clean label product launches that is fueled by an increase in the 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 are the factors driving the clean label ingredients market. The clean label ingredients market is projected to reach USD 47.10 billion at a CAGR of 6.60%, from 2016 to 2022.
The market for flour, accounted for the largest market share in 2015. Flour, being a basic ingredient, has large consumption in a variety of application in bakery, packaged foods, beverages, dressing & sauces, and confectionery among other food applications. On the basis of type, the market for natural colors in the clean label ingredients market is projected to grow at the fastest growth rate from 2016 to 2022. This high growth can be attributed to the growing concern among consumers about the ill effects of artificial colors on their health, coupled with eco-friendly nature, and additional health benefits provided by natural colors.
On the basis of application, the cereals & snacks segment is projected to be the fastest-growing segment during the forecast period due to increase in the number of snacking occasions between meals owing to which consumers are demanding convenient and healthier alternatives to junk food.
In the form segment, clean label ingredients in dry form is both the largest and fastest growing market 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 & beverage products has further driven the demand for the dry form of clean label ingredients.
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Key Players In Clean Label Ingredients Market:
3 Archer Daniels Midland Company
4 Koninklijke DSM N.V.
5 E.I. Dupont De Nemours and Company
6 Kerry Group PLC
7 Ingredion Incorporated
8 Tate & Lyle PLC
9 Sensient Technologies Corporation
10 Corbion N.V.
11 Groupe Limagrain
12 Chr. Hansen A/S
The European region dominated the market for clean label ingredients in 2015 as Europe has the highest number of clean label products due to which it has the highest consumption of clean label ingredients. Asia-Pacific is projected to be the fastest growing region in the clean label ingredients market from 2016 to 2022. Growing consumer awareness and increasing health consciousness with regards to the ill effects of artificial ingredients is driving the demand for clean label ingredients in the Asia-Pacific region.
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