Clean Label Ingredients Market by Type (Natural Color, Natural Flavor, Starch & Sweetener, Natural Preservative, and Others) Application (Beverage, Bakery & Confectionary, Sauce & Condiment, Dairy & Frozen Dessert, and Other Processed Foods), and Form (Powder and Liquid): Global Opportunity Analysis and Industry Forecast 2019–2026 ” According to the report, the global clean label ingredients industry was estimated at $38.83 billion in 2018 and is expected to hit $64.1 billion by 2026, registering a CAGR of 6.8% from 2019 to 2026.
Rise in consumer demand for clean label products and progress in food and beverage industry are the two major factors that drive the growth of the global clean label ingredients market. Furthermore, the rise in demand for natural colors and natural flavor and customer preference toward ready-to-eat food products have fueled the growth of the market. On the other hand, surge in demand for zero synthetic ingredients food products and high price of clean label ingredient product impede the growth to some extent. Nevertheless, developing markets in Asia-Pacific and LAMEA and increase in awareness regarding clean label products are expected to create an array of opportunities for the key players in the industry.
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The food industry has been evolving in terms of innovations and demand. Manufacturers are focusing on key innovations that cater to the requirements of their target consumers. Increase in awareness toward health and wellness has been witnessed among people residing in the developed as well as the developing countries. This has resulted in increased demand for various types of special clean label ingredients made using organic products. Thus, clean label ingredients are gaining increased traction among food & beverage manufacturers, which significantly drives the growth of the global clean label ingredients market analysis.
Based on application, the beverage segment contributed to more than one-fourth of the global clean label ingredients market share in 2018 and is expected to rule the roost by the end of 2026. This is due to the rise in beverage consumption and preference to beverages with natural ingredients. Moreover, the dairy and frozen dessert segment would showcase the fastest CAGR of 9.2% during the study period. The rise in consumption of dairy products is expected to boost the growth of the segment.
Based on type, the starch and sweetener segment held the largest share in 2018, generating more than two-fifths of the global clean label ingredients market. This is due to the innovative approaches of manufacturing food and beverages according to the customers. At the same time, the natural color segment would grow at the fastest CAGR of 9.6% from 2019 to 2026, owing to the rise in consumer preference…