Bulk Food Ingredients Market to Witness Rise in Revenues By 2030

According to the Market Statsville Group (MSG), the global Bulk Food Ingredients Market size is expected to grow from USD 320.1 billion in 2021 to USD 467.7 billion by 2030, at a CAGR of 4.3% from 2022 to 2030. Bulk food ingredients are those used in packaged and processed foods, as well as ready-to-eat foods such as chocolates, beverages, biscuits, and confectionery. Wheat and rice, dehydrated vegetables, spices and herbs, artificial sweeteners, dry fruits, nuts and seeds, coffee and tea extracts, and sugars are also included. Food ingredients are whole food ingredients that can be processed or unprocessed.

The shift in consumer preference from artificial and pre-packaged foods to organic, natural, and simple ingredients, particularly in developed countries, is expected to impact market demand positively. Commodity/bulk ingredients are primarily final products such as flours and oils, which are traded in large quantities for low-value additions to the final product. These items are purchased in large or bulk quantities from wholesale suppliers and delivered to convenience and retail stores.

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COVID-19 Impact on the Global Bulk Food Ingredients Market
Raw material costs are anticipated to increase with trade restrictions, disruptions in the raw material supply, and ineffective distribution systems brought on by COVID-19. The growth of the worldwide bulk ingredients market is anticipated to be hampered by the scarcity and high price of raw materials, and high production costs. In the COVID-19 world, food supply chain security is becoming more and more crucial. There is a shortage of ingredients like palm oils as a result of the closure of plantations in Malaysia and Indonesia that produced vegetable oils. Due to the pandemic's quarantine, Indian savory ingredients like pepper were unavailable to European food manufacturers.

Global Bulk Food Ingredients