Bulk Food Ingredients Market Size (2023 - 2030)

The global Bulk Food Ingredients Market size is projected to grow with a CAGR of 4.5%. The market is expected to grow from USD 810.2 billion in 2022 to reach USD 1,110.4 billion by 2030 during the forecast period. 

Bulk food ingredients are called whole-food ingredients. Organic bulk food is used to make healthy food products. 

Bulk food ingredients are ingredients used in packaged and processed food items along with ready-to-eat products like chocolates, biscuits, beverages, and confectionery items. 

Market Drivers

The market growth is driven by increasing lifestyle changes with a growing population across the globe. The rising purchasing power of the consumers with accelerating disposable income fuels the bulk food ingredients market. The strong growth in the foodservice retail chain with the increasing number of cafes and eateries purchasing a high quantity of food ingredients boosts the growing market demand. 

The demand for bulk food ingredients is mounting due to the quick population growth. The research and development activities for processed and convenience foods are surging as they help in inventing new products and solutions for various applications of fats and oils. The demand for the ingredients is increasing across both the developed and developing regions. Consumers are more conscious about health heightens the market growth.  

Market Restrains

However, the easy bacterial contamination of bulk food ingredients and shortage of infrastructure facilities hinder the market growth. The unstable ups and downs in prices of bulk food ingredients hamper the market growth. 

Recent Market Developments

• On March 01, 2022, Tate and Lyle Nutrition Centre launched its new online nutrition tool. The Centre targets to grow awareness of evidence-based science for ingredients including low and no-calorie sweeteners and dietary fibers and their role in a healthy and balanced diet. 
• On February 27, 2017, Associated British Foods (ABF) reports an "excellent performance" driven by revenue growth in its Grocery, Sugar, and Ingredient divisions. 
• On March 04, 2022, Ingredion launches new plant-based protein products. The company has added two new products to its pea protein production. 

Segmentation Analysis

As per our research report, the global bulk food ingredients market is segmented and sub-segmented based on primary processed, secondary processed, application, and distribution channels.

Bulk Food Ingredients Market - By Primary Processed Bulk Food Ingredients

• Grains, Pulses, and Cereals
• Tea, Coffee, and Cocoa
• Nuts
• Herbs & Spices
• Oilseeds
• Sugar
• Salt
• Other types (dried vegetables and citric acid)

Bulk Food Ingredients Market - By Secondary Processed bulk food ingredients

• Processed grains, pulses, and cereals
• Vegetable Oil
• Tea, coffee, and cocoa
• Dry fruits & processed nuts
• Flours
• Sugar & sweeteners
• Processed herbs & spices
• Sea salt
• Other types (dried vegetables and citric acid)

The secondary processed bulk food ingredients market is leading the type segment. The processed grains, pulses, and cereals segment is dominating the market with the highest share. The demand for food products that are rich in fiber and protein content. These grains, pulses, cereals are used across different cuisines worldwide. 

Bulk Food Ingredients Market - By Application

• Food
  • Bakery products
  • Snacks & spreads
  • Ready meals
  • Confectionery products
  • Other food applications (dairy products and infant formula)
• Beverages
  • ​​​​​​​Alcoholic beverages
  • Non-alcoholic beverages
  • Hot beverages
  • Cold beverages

Based on the application, the food segment is leading the market with the highest share. The ready meals sub-segment is dominating the bulk food ingredients market. The ready meals segment is likely to have profitable growth during the foreseen period. The rising disposable income of people, frequent heated work schedules required consumers to allocate more time for their professions resulting in the ready-to-eat segment growth. 

The bakery products segment is anticipated to have growth with the highest CAGR in the foreseen period. 

The alcoholic beverages segment is said to have a quick and dominating share in 2022. The alcoholic beverages industry is the largest segment accounting for more than 27% of the alcohol production. Germany, France, the UK, and Ireland are the major consuming countries of alcohol. 

Bulk Food Ingredients Market - By Distribution Channel

• Direct from manufacturers
• Distributors

The direct from the manufacturer's distribution channel is dominating the bulk food ingredients market. 

Regional Analysis

North America is to dominate the bulk food ingredients market during the foreseen period. The demand for bulk food ingredients is increasing due to the high consumption of packaged, ready-to-eat foods, and processed foods. 

The initiatives taken by the government of the region helps in extending the market growth. In 2022, the U.S has reached an agreement with Mexico and Canada within the negotiating again of the North America Trade Agreement (NAFTA). United States-Mexico-Canada-Agreement (USMCA) produces meaningful advantages for agriculture and food industries. 

Europe is projected to have a prominent share of the bulk food ingredients market. The heavy consumption of convenient food and beverage products due to hectic lifestyles uprise the market growth. 

However, Asia-Pacific is promised to grow at a considerable rate during the outlook period. The rising disposable income with growing urbanization integrated with growing expenses on favorable and ready-to-eat processed products surge the market growth in APAC. India and China are said to be the groundbreakers of the bulk food ingredients market. The growth owes to the huge production of grains and seeds with the highest population in China and India. 

Latin America and the Middle East and African regions are scheduled to have remarkable growth in the bulk food ingredients market. Brazil, UAE, and South Africa are the largest contributors in the market. The market is said to have tremendous growth over the upcoming years. 

Top key players in the Bulk Food Ingredients Market

1. Tate & Lyle PLC (UK)
2. Archer Daniels Midland Company (US)
3. DuPont (US)
4. Olam International (Singapore)
5. Cargill
6. Incorporated (US)
7. Ingredion Incorporated (US)
8. Associated British Foods plc (UK)
9. EHL Ingredients (UK)
10. DMH Ingredients Inc. (US)
11. Community Foods Limited (UK)
12. McCormick & Company, Inc. (US)
13. The Source Bulk Foods (Australia)
14. Essex Food Ingredients (US)
15. The Green Labs LLC (US)
16. Ingredients Inc. (US)
17. GCL Food Ingredients (UK)
18. Pure Ingredients (Dublin), and Organic Partners International, LLC (US). 

COVID-19 Impact on Bulk Food Ingredients Market

The food and beverages industry has witnessed a negative affect during the COVID-19 pandemic. But, the bulk food ingredients market has reached its pre-COVID levels quickly and also grew with a healthy rate.