Bulk
food ingredients are food components which are used in packaged,
processed foods and ready to eat foods like confectionery items,
biscuits, beverages, chocolates, etc. The bulk food ingredients
include grocery items like, artificial sweeteners, sugars, coffee and
tea extracts, nuts and seeds, spices and herbs, dry fruits,
dehydrated vegetables, wheat and rice among others. These food
ingredients are purchased in bulk or huge quantities from the
wholesale supplier and brought in to the retail stores.. The bulk
food ingredients are also known as whole food ingredients and are
often found in organic form. Due to their organic properties the bulk
food ingredients are regarded for being health foods.. These products
can both be processed and non-processed.
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The
use of these ingredients was prevalent in North America due to a high
consumption of packaged, processed and ready to eat foods. Now Asia
Pacific is the leading player in the bulk food ingredients market due
to increase in global exposure and western lifestyle influence.
Changing consumer lifestyles have led to an increase in the demand
for processed and ready to eat food and beverages. Furthermore,rise
in health awarenessamong consumers has led to an increased demand for
wellness products.
Despite
of western market influence on the emerging economies of Asia
Pacific, there is still skepticism regarding the consumption of ready
to eat food in these economies. Concerns regarding the freshness and
safety of the processed food products have always been bothering a
considerable section of the population who are not so dependent on
the ready to eat and packaged foods. Also the packaged ready to eat
foods come at a high price which is not affordable by the middle
class segment of the population.
The
global demography can be found to be dominated by young population
mostly of the working age. Owing to this fact, the lifestyle patterns
of the majority population is found to be busy and hectic therefore
requiring the need for ready to eat foods. Also the advertisement
strategies and celebrity endorsements of packaged foods will keep the
market for packaged foods stable and this in turn will boost the
market for bulk food ingredients during the forecast period .By
product the bulk
food ingredients can be segmented into, wheat grains, rice, nuts
(Almonds, cashews, hazel nuts, peanuts, pistachios, walnuts, etc.),
green food (alfalfa powder, barley grass powder, kelp powder,
chlorella powder, etc.), Spices and herbs (bay leaves, dried basil,
chamomile, green tea, saffron, etc.), sugar, artificial sweeteners,
coffee and tea extracts, custom blended products, gums, dehydrated
vegetables, and freeze dried fruits,among others . By application
the market can be segmented into, confectionery, food and beverages,
chocolates, snacks. Some spice herbs are also used by the
pharmaceutical industries due to their medicinal properties.
Similarly they are also used by the personal care industries as green
tea, coffee and tea extracts, saffron and some herbs are used in
making face creams, soaps and other personal care products.
By
region the market is segmented into North America, Europe, Asia
Pacific and Middle East. Asia Pacific is the leading market for
consumption of packaged and processed owing to its increasing working
population and increased exposure to western lifestyle patterns due
to globalization. The emerging economies of Asia Pacific region have
also experienced a increase in their disposable income which has
helped them to improve their standard of living and afford the ready
to eat meals.
The
lead players in this market are, Archer Daniels Midland Company, EHL
Ingredients, El.Du Pont de Nemons and company, DHM Ingredients,
Ingredion Incorporated, Community Food Limited, Olam International,
and Cargill Incorporated among others.
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