Market Overview
Processed foods’ taste, flavor, and structure are improved by using food items with integrated food components. Depending on the use and composition of the products, integrated food ingredients are used in various food products. The use of integrated food ingredients called additives in food products allows for the achievement of desired effects. These ingredients are frequently found in baked products and confections, and their preservation action helps the products stay fresher while enhancing their flavor. The beverage industry needs more integrated components to combine color filling and perseverative function. The increasing use of food encapsulation techniques drives the market for integrated food ingredients. The market’s growth rate will be tempered by additional factors such as the convergence of nutrition and taste and the rising demand for natural flavors and fragrances. The market for integrated food ingredients will grow faster due to the rising demand for processed and convenience foods. Due to their versatility, hydrocolloids have a wide range of applications, which will fuel the market for integrated food ingredients.
The global integrated food ingredients market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 5.98% during the forecast period (2023-2030).
Market Dynamics: The increased use of food ingredients in beverages drives the market expansion
The market for integrated food ingredients has been driven by consuming beverages like juice. This is so that various types of beverages can be made using these products. As these products contain nutrients that draw customers, consumers’ preferences for health drinks and fruit and vegetable juices drive the market for integrated food ingredients. On the other hand, people eating habits tend to change due to their changing lifestyles and rising disposable income. It has been noted that the demand for integrated food ingredients is increasing as convenience and processed food consumption grow. This is because these products use these ingredients. In almost every country, rising urbanization has led to a change in people’s lifestyles. Consumption of food ingredients that support health and are appropriate for active lifestyles has increased. This is what integrated food ingredients, which have been adopted as part of the lifestyle change, help achieve.
However, the market for integrated food ingredients is being constrained by regulations regarding the type of ingredient used, the listing of all ingredients on the labels, and other similar regulations. Government regulations apply to them because consumer health is a top concern. Additionally, more innovations may occur if government regulations are loosened, and more businesses are encouraged to release superior products.
Market Segmentation: The dairy segment accounted for the highest share in global integrated food ingredients market
Dairy products use integrated food ingredients to impart flavors, shapes, and colors. These ingredients can be used as an emulsifier or a flavor enhancer to change the texture and shelf life of food by altering its properties. By adding tasty flavors’, flavor enhancers aid in improving palatability, while emulsifiers serve as a binding agent that enhances the texture of food products.
On the other hand, integrated food ingredients are used in beverages for a variety of reasons, including adding flavor and nutritional value. Additionally, using the appropriate Integrated Food Ingredients to create a particular form of the beverage makes it more appealing to consumers. When making carbonated beverages, for instance, we frequently use sugar or HFCS (high fructose corn syrup).
Additionally, the taste of various food products is improved using integrated food ingredients in snacks & savory. Additionally, it offers a thick texture and a pleasing appearance, which contributes to its increased appeal to customers. Depending on the use they are being put to, these ingredients emit particular colors. For instance, the high-temperature process of caramelization of sugar can be used to produce the color of caramel.
Geographical Penetration: Asia Pacific is the dominating region during the forecast period
Asia Pacific is the largest market, accounting for XX% of the global market for integrated food ingredients during the study period. The study considers the following major Asia Pacific regions: China, Australia, Japan, South Korea, India, Taiwan, Malaysia, Hong Kong, and the Rest of APAC. This growth is attributable to rising health consciousness and rising disposable income in the Asia Pacific region’s developing countries. Consumers are giving special consideration to what they eat due to their changing and stagnant lifestyles, which have made them more aware of their health. Consumer demand for healthy food low in calories, sugar, dairy, and fat and made from plants is expected to rise due to this change. Growing rates of non-communicable illnesses like cardiovascular disease, diabetes, cancer, obesity, and overweight among consumers contribute to this change in the population in APAC.
Competitive Landscape:
The global integrated food ingredients market is competitive, with the leading players capturing a whopping share in revenues BASF, Cargill, DSM, Dohler, Dowdupont, Firmenich Sa, Gat Foods, International Flavors & Fragrances, Kerry Group and Northwest Naturals, among others, are focused on technology advances for new launches at affordable prices. The major players are utilizing strategies including acquisitions & mergers, regional expansion, and partnerships to stand out as strong competitors in the market. Increased focus on R&D and new product launches are additional ways the key players improve their market presence. Innovation by various leading players in the market is expected to offer lucrative growth opportunities for players in the global Integrated Food Ingredients market. For instance, on May 26, 2022, Symega Food Ingredients Limited launched ’CUISINARY,’ a range of premium quality food solutions, including seasonings, sauces, coatings and flavor enhancers for professional kitchens at the AAHAR-International Food and Hospitality Fair. Seasonings, breeders and coatings, sprinklers, flavor bursts, spice blends and powders, marinades, cooking sauces, mayonnaise, and dressings are all available from Cuisinart. Aiming to provide food solutions for hotels, restaurants, caterers, and quick service restaurant food services, all products are made with premium ingredients.
COVID-19 Impact: Negative impact on the global integrated food ingredients market.
Since 2020, the abrupt COVID-19 pandemic has impacted the world economy due to lockdowns and restrictions on population movement imposed by governments worldwide. All industrial sectors suffered greatly as their operations were suspended, international travel ceased, and only necessary businesses, like those producing food and medicine, were allowed to continue operating. The market for food ingredients has been impacted by COVID-19 to some degree. The lockdown caused the manufacturing process to halt and the end-user demand to decline, both of which had an impact on the market.
Following COVID-19, there has been an increase in demand for food ingredients as a result of consumer buying trends and a gradual shift towards an increase in demand among various end users, including food & beverages, fine fragrances, personal care, and others. To modernize and refresh their products, producers are putting more emphasis on adding ethnic flavors. Additionally, a rise in the number of online food suppliers has created a competitive threat for the major players because these suppliers are vying for customers in all market niches possible to their expert techniques, premium ingredients, and openness in production and sourcing after the pandemic.
The global integrated food ingredients market report would provide an access to approximately 69 market data tables, 51 figures and 180 pages