According to Bis Research, The global clean label ingredients market was valued at $19.77 billion in 2020, which is expected to grow with a CAGR of 8.65% and reach $32.08 billion by 2026.
Consumers have become highly educated about the detrimental effects of unnatural and processed foods and artificial ingredients. This has resulted in increasing the demand for transparency of product ingredients. According to the International Food Information Council (IFIC) reports, almost two out of three respondents claim that ingredients have a moderate influence on their food and beverage purchases. Also, consumers prefer to go by package ingredient information over online sources while shopping before purchasing any item. This has further driven the need for clean label information on consumables. Clean label ingredients are the food industry’s response to increasing consumer demand for consumables without questionable ingredients such as aspartame, brominated vegetable oil, artificial dyes, and caramel color.
Clean label ingredients include a wide range of food and beverage application ranging from bakery and confectionery, snacks, frozen foods consisting of processed items, and many more. According to the Institute for Food Technologists, clean label food includes easy-to-recognize ingredients and no artificial additives. The "clean label" movement is mainly driven by consumer perceptions of health and wellness.
Global Clean Label Ingredients Market (by Application)
Clean label ingredients have a wider implication across the food and beverage industry. Clean label ingredients are widely used in the manufacturing/production of bakery and confectionery, dairy, snacks, and frozen food, among others.
Global Clean Label Ingredients Market (by Ingredient Type):
Clean label ingredients have been gaining increasing traction in the food and beverage sector due their health benefits over artificial additives. Prominent ingredients being widely used in the market are baking staples, emulsifiers, starch and sweeteners, colors and flavors, and others (malt, fat, fiber, fruit and vegetable ingredient).
Global Clean Label Ingredients Market (by Region):
The use of clean label ingredients in food and beverages varies with different regions and countries.
North America region is expected to lead the global clean label ingredients market due to the presence of national and international market players in the region. Some leading clean label ingredients providers operating in the North America region include Archer-Daniels-Midland Company, Brisan Group, Cargilll Inc., Corbion, DuPont, Ingredion Incorporated, and Sensient Technologies, among others.
Impact of COVID-19 on the Global Clean Label Ingredients Market:
COVID-19 accelerated a prevalent trend wherein, consumers choose to improve well-being by consuming natural products that are perceived to be better for them. In addition, a general concern regarding health, weight management, and disease prevention has also impacted dietary choices among consumers.
In the pre-COVID-19 era, countries such as the U.K., France, and Germany were highly influenced by claims such as no artificial flavors, sustainably farmed, minimally processed, and no antibiotics. In the wake of the pandemic, these markets are still in the free-from stage of clean label, whereas consumers in China, Brazil, Mexico, and Turkey tend to be more specific about the clean label claims that influence their health.
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Competitive Landscape and Key Players of the Global Clean Label Ingredients Market:
The global clean label ingredients market comprises players such as Ingredion Incorporated, Sensient Technologies, Kerry Group plc, Tate & Lyle PLC, Brisan Group, DuPont, Cargill, Incorporated, Archer-Daniels-Midland Company, Corbion Inc., and Givaudan, among others. The global clean label ingredients industry represents a fragmented market in nature and is majorly dominated by constant product development. Product innovation and introduction have helped companies to grow and sustain the competition by retaining present customers and attracting new ones with their constant introduction and improvisation of products. For instance, in March 2020, Tate & Lyle acquired Sweet Green Fields, a leading stevia solutions business operating globally. The companies operating in the market have also actively engaged in joint ventures and rebranding of products with an aim to strengthen their market position and expand their business. For instance, in May 2021, Chr. Hansen Natural Colors rebranded its name as Oterra following the acquisition by EQT.
The top market players are Archer-Daniels-Midland Company, Beneo, Brisan Group, Cargill, Incorporated, Chr. Hansen A/S, Corbion, DuPont, Frutarom, Givaudan, Groupe Limagrain, Ingredion Incorporated, Kerry Group, DSM, Sensient Technologies, Tate & Lyle, Campbell’s, Hain Celestial, Kellogg’s Company, Mondelez, Nestlé, Organic India, Panera Bread, Snyder’s of Hanover, SUJA LIFE, LLC, Tetra Pak.
Key Questions Answered in this Report:
What is the estimated global clean label ingredients market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
What are the key trends, market drivers, and opportunities in the market pertaining to clean label ingredients?
What are the major restraints inhibiting the growth of the global clean label ingredients market?
What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
What is the competitive strength of the key players in the global clean label ingredients market based on an analysis of their recent developments, product offerings, and regional presence?
How is the competitive benchmarking of the key clean label ingredients companies in the agriculture market based on the analysis of their market coverage and market potential?
How much revenue each of the segments is expected to record during the forecast period along with the growth percentage, in the following segments:
o Application, including food and beverage
o Product (ingredient type), including baking staples, emulsifiers, starch and sweeteners, food colors and flavors, and others
o Region, including North America, the U.K., Europe, Asia-Pacific and Japan, China, the Middle East and Africa, and the Rest-of-the-World
Which type of players and stakeholders are operating in the market ecosystem of clean label ingredients, and what is their significance in the global market?
About BIS Research:
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