The Middle-East and Africa Bulk Food Ingredients Market was worth $33.82 billion in 2016 and estimated to be growing at a CAGR of 4.04%, to reach $41.24 billion by 2021.
Bulk food ingredients offer various valuable commitments while making each variety of food products. Bulk ingredients are treated supplies which are sold in large volumes to large food producing companies and food handling industries.
As the trend is shifting towards urbanization, demand for processed food is increasing which is a big driver for industrial ingredients. There are remarkable growth breaks for bulk ingredient producers and processors, without difficulties such as weather, diseases, and bacterial contamination. The growth of clean label is providing substantial chances for many bulk ingredients as customers seek familiar and wholesome ingredients that are obtained from nature. Storage problems associated with the bulk food is a major restrain for the market.
Middle-East and Africa market for bulk food ingredients is divided by type into Primary processed food and Secondary processed food. Primary processed food is mainly bifurcated into Grains & Seeds, Herbs & Spices, Sugar, Salt, Oilseeds, Nuts and Others. Secondary processed food is segmented into Dry Fruits & Nuts, Grains & Seeds, Flour, Herbs & Spices, Sugar, Salt and Others. Based on application bulk food ingredients market is segregated as Ready Meals, Bakery Products, Confectionery Products, Snacks & Spreads and Others. Herbs & Spices segment is estimated to grow at the highest CAGR during the forecast period due to growing demand for healthy products among customers.
Geographically the market is segmented into Middle-East and Africa. Africa is leading the bulk food ingredients market in this region while Middle-East is predicted to grow at high rate in the coming years.
The leading companies in the bulk ingredients market are Tate & Lyle PLC (U.K.), Associated British Foods plc (U.K.), Ingredion Incorporated (U.S.), Cargill Incorporated (U.S.), DMH Ingredients (U.S.), Olam International (Singapore), E.I. du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), EHL Ingredients (U.K.), and Community Foods Limited (U.K.).
Market Data Forecast
23 March
