Market Overview and Key Factors:
Clean label ingredients are natural food additives such as preservatives, sweeteners, colorants, flavors, and others that are easily recognizable and does not include any artificial or synthetic chemical ingredients. Increasing awareness regarding the side effects of artificial food additives and high demand for natural and organic packaged food products are propelling the growth of the global clean label ingredients market. The report published by Market Research Future (MRFR) states that the global clean label ingredients market is marked to exhibit noteworthy expansion at a CAGR of 7.2% during the forecast period of 2017-2023.
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Some of the prime players profiled by Market Research Future (MRFR) that are operating in the global clean label ingredients market are Cargill Inc. (the U.S.), Archer Daniels Midland Company (the U.S.), Koninklijke DSM N.V. (The Netherlands), Kerry Group PLC. (Republic of Ireland), Ingredion Incorporated (the U.S.), Tate & Lyle PLC (the U.K), Chr. Hansen A/S (Denmark), DuPont (the U.S.), Sensient Technologies Corporation (the U.S.), and Corbion N.V. (The Netherlands). The player in the global clean label ingredients market are expanding their businesses by launching new and innovative product portfolios in the global market. For instance, In January 2019, Yofix Probiotics has announced the launch of its clean label, plant-based yogurt alternative in Israel. this product targets the vegan, lactose-intolerant, and flexitarian population.
Clean Label Ingredients Market: Segmental Analysis
Based on application, the global clean label ingredients market has been segmented into beverages, bakery & confectionery, sweet and savory snacks, dairy & frozen desserts, oils and fats, and others. The bakery & confectionery segment commands the dominant share of the global clean label ingredients market owing to the increased utilization of food additives in bakery & confectionary products to provide stability and increase the shelf-life of the products.
The global clean label ingredients market has been segmented on the basis of type, form, and application. Based on type, the global clean label ingredients market has been segmented into includes emulsifier, stabilizer, and thickeners (EST), colorants, flavor, preservatives, and others. Based on form, the global clean label ingredients market has been segmented into dry, liquid and others. Among these, the dry segment is anticipated to witness notable growth in the global clean label ingredients market during the assessment period.
Geographically, the global clean label ingredients market has been segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. The Europe region commands the dominant share of the global clean label ingredients market owing to the increasing health awareness and regulation on the use of non-GMO and antibiotic products along with other chemical additives in packaged food products in this region. Increased consumption of packaged food product, proliferation in the consumer base of healthy food products that mostly contain natural ingredients and rapid expansion of food and beverages industries due to increasing consumer demand are majorly fueling the expansion of the clean label ingredients market in the North America region. Higher consumption rate of clean label food products in the U.S. and changing dietary habits are also fueling the growth of the clean label ingredients market in the North America region. Rise in awareness regarding the adverse effects of chemical additives in food products and increasing demand for organic food products in the emerging economies are propelling the growth of the clean label ingredients market in the Asia Pacific region.
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