Clean Label Ingredients Market to grow by US$ 16835.4 million between 2023 and 2028, driven by new product launches- Technavio

• Technavio, a leading global technology research and advisory company, today announced the publication of its latest market report, "clean label ingredients market." The report forecasts the market to grow by by US$ 16835.4 million  during the period 2023 –2028, exhibiting a compounded annual growth rate (CAGR) of 7.08%. In the evolving food industry landscape, consumer health consciousness is on the rise, fueled by growing awareness of food safety and the potential health impacts of artificial ingredients used in food processing.
• Research studies are increasingly focusing on the effects of these additives on human health. In response, there is a burgeoning preference for natural ingredients in food and beverage products worldwide. Manufacturers in the food processing sector are capitalizing on this trend by integrating clean-label ingredients into their offerings. These natural components offer numerous health benefits, making them a popular choice for functional foods, sports drinks, nutritional supplements, and medically formulated foods.

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Key Market Insights

Our comprehensive analysis reveals several key findings from the report:

• YoY growth 2023-2024(%): The market is projected to grow by 6.49% during the forecast period.
• Key Growth Drivers: New product launches, Rising health-conscious consumers, Rising demand for processed food. Together, these drivers will shape the future trajectory of the market over the forecast period.
• Major Market Challenges: While drivers will fuel market expansion, Low awareness level, Lack of proper infrastructure in emerging economies, High prices of food products with clean-label ingredients are expected to moderate the pace of growth.

Market Segmentation

The report segments the clean label ingredients market by:

• Application

  • Beverages
  • Bakery and confectionery
  • Sauce and condiment
  • Dairy products
  • Others

• Geography

  • North America
    • US
  • APAC
    • China
    • Japan
  • Europe
    • France
    • Germany
  • South America
  • Middle East and Africa

Competitive Landscape

The market is characterized by intense competition with several key players. The report provides a detailed analysis of the competitive landscape, highlighting key strategies and market positions of leading vendors, including

• Archer Daniels Midland Co.
• Brisan Group
• Cargill Inc.
• Chr Hansen Holding AS
• Corbion nv
• DuPont de Nemours Inc.
• Givaudan SA
• Groupe Limagrain
• Handary SA
• Ingredion Inc.
• International Flavors and Fragrances Inc.
• Kerry Group Plc
• Koninklijke DSM NV
• Nestle SA
• ROHA Dyechem Pvt. Ltd.
• Sensient Technologies Corp.
• SMS Corp. Co. Ltd.
• Tate and Lyle PLC
• The Hershey Co.
• Tiba Starch and Glucose Manufacturing Co.
• Ulrick and Short Ltd.
• VIVESCIA

Quote from an Analyst

“Growing demand for natural ingredients signals strong growth opportunities ahead.” said Senior Analyst at Technavio. This trend is not only creating new opportunities but also reshaping the competitive landscape. Our report provides the strategic insights needed to navigate this dynamic market.

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Research Analysis Overview

• The clean label ingredients market is witnessing significant growth due to the increasing demand from consumers, particularly parents, for Honest Organic Kids food products with simple, recognizable ingredients. This trend is driven by a desire for transparency and a preference for natural, plant-based ingredients, natural extracts, spices, and herbs. Both B2C and B2B companies are responding to this demand, with Vecan Foods and Ingredion (US) being key players in the market. These companies offer a range of fiber-rich and plant-based additives, as well as natural ingredients, to help manufacturers create clean label products with extended shelf-life and functionalities.
• Clean Energy, a leading B2B supplier, also offers natural alternatives to artificial ingredients, further catering to consumer preferences. The market for clean label ingredients is expected to continue growing, as consumers increasingly seek out products free from artificial additives and synthetic preservatives. Ingredient suppliers are investing in research and development to create innovative solutions that meet the evolving needs of the market. This includes the use of natural extracts, spices, and herbs to replace artificial flavors and colors, as well as the development of plant-based additives to replace synthetic stabilizers and texturizers. Overall, the clean label ingredients market is a dynamic and innovative space, driven by consumer demand for transparency, natural ingredients, and functional foods. Companies that can meet these needs while also delivering on taste, texture, and shelf-life will be well-positioned for success.

Market Research Overview

• The global packaged foods and meats market encompasses food processing vendors engaged in preserving and extending the shelf life of their products through microbial elimination. According to Technavio, the market's size is determined by the consolidated revenue of the participating vendors. This market scope excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages like mineral waters.
• Key growth drivers for the global packaged foods and meats market include the health benefits linked to the consumption of minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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