Europe Food Ingredients Market is Expected to Reach $137.7 Billion by 2032—Allied Market Research

  According to a new report published by Allied Market Research, titled, “Europe Food Ingredients Market by Type, and End User: Opportunity Analysis and Industry Forecast, 2023–2032,” The Europe food ingredients market size was valued at $69,201.0 million in 2018 and is projected to reach $137,748.9 million by 2032, registering a CAGR of 5.7% from 2023 to 2032. The market growth is propelled by several factors such as product innovations, a rise in the trend of healthy eating, economic growth, a rise in disposable income, and others. Consumer habits, tastes, and preferences are constantly evolving. This has led to innovation in the field of food ingredients market trends that drive the market growth.

With the evolution of technology, industrial businesses are adopting new sources of emulsifiers to improve product quality, boost efficiency, and minimize processing time. Emulsion technology has been used in the food industry for decades to produce a wide range of products such as homogenized milk, creams, dips, dressings, sauces, desserts, and toppings.

Significant advances in emulsion science, on the other hand, have lately resulted in revolutionary approaches for improving food quality and usability. Silica particles, wheat protein microgels, pea protein microgels, and other new advancements in emulsion technologies assist producers to bind the chemicals effectively, lowering the time required to complete the process, which is expected to fuel the Europe food ingredients market growth. Starch is the most common type of carbohydrate consumed by humans. It is a plentiful, inexpensive, naturally occurring, and easily accessible basic food. Many cases of adverse effects of manufactured food products have been reported, especially the food ingredients used in them.

Thus, different governments have set up regulatory guidelines to regulate the food ingredients market, especially the flavor and color additive segments. The regulations, especially in Europe, have led to a decline in sales of food flavors and colors, particularly synthetic flavors. According to the Institute of Food Technologists, developed nations such as the UK, Germany, France, Italy, and others, reported that today’s consumers are looking for customizable food, beverages, and dietary solutions that help them more aggressively meet their unique nutrition and personal health goals. General health and wellness products and programs no longer fit all.

Similarly, people living in other emerging countries such as Ukraine, Serbia, Moldova, and others have become aware of the health benefits of consuming functional food. Consumers in emerging nations have increased per-person consumption of fortified and nutritional food, hence, developing nations are expected to lead the market growth for functional food ingredients, especially for vitamins and minerals. These factors represent a great opportunity for market expansion for the overall food ingredients market. The rest of Europe dominates the market for functional food ingredients in terms of consumption.

There are regulations regarding the raw materials, their processing, ingredients used, and labeling of these products. Thus, the Europe food ingredients market has come under the government’s lens, which is expected to restrain the growth of the market. Certain portions of the population may benefit from fat replacers in particular ways. The most expected advantages are a lower overall fat intake and, as a result, a lower calorie intake from fat. It is unclear whether those who consume a lot of partially or completely nondigestible fat replacements benefit from calorie reduction eventually or not.

To maintain calorie consumption, many people decrease their total food intake. Fat replacer consumption might cause nutritional issues. Moreover, the availability of other nutrients may be reduced if fat replacements are partially or completely non-digestible. Similarly, fat replacers may impair normal gastrointestinal function or flora. Thus, the adverse effects of fat replacers restrict the growth of the Europe food ingredients market.

The Europe food ingredients market is segmented into type, application, and county. Depending on the type, the market is classified into preservatives, emulsifiers, flavors, functional ingredients, sweeteners, thickeners, color additives, fat replacer, stabilizers & binders, pH control agents, food enzymes, and anti-caking agents. Depending on the application, it is segregated into beverages, dairy products, ready to eat meal, bakery & confectionery, sauces, dressing, & condiments, nutraceutical, animal feed, seafood, processed vegetables, frozen fruits, and syrups & gelatin. Country-wise, it is analyzed across Italy, the UK, Germany, France, and rest of Europe.

Players operating in the Europe food ingredients industry have adopted various developmental strategies to expand their Europe food ingredients market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Ajinomoto, Inc., Archer Daniels Midland Company, Associated British Foods plc, Cargill, Incorporated, Celanese Corporation, DuPont de Nemours, Inc. (Danisco), Ingredion Incorporated (TIC Gums, Inc), Kerry Group, Roquette Freres, Südzucker Group (BENEO), Tate and Lyle PLC, Akzonobel N.V., BASF SE, Clariant AG, Evonik Industries AG, Koninklijke DSM N.V., Solvay SA, Kemin Industries, Inc., Chemelco International B.V., Givaudan International S.A. (Naturex S.A.), Palsgaard A/S, Univar, Inc., Corbion NV, Kao Corporation, Nexira SAS, Jungbunzlauer Holding AG, Ashland Global Holdings Inc., Fuerst Day Lawson Limited, ATP Group, Novozymes, Aromata Group S.r.L (Fiorio Colori S.p.A), Kalsec, Inc., Glanbia PLC (Ireland), and Mead Johnson & Company, LLC.

Key findings of the study

• According the Europe food ingredients market analysis, on the basis of type, the preservatives segment is projected to witness the highest CAGR of 9.2%, during the Europe food ingredients market forecast period.
• According the Europe food ingredients market trends, on the basis of application, the seafood segment is projected to witness the highest CAGR of 8.6%, during the forecast period.
• According the Europe food ingredients market opportunity, on the basis of country in Europe, Italy is projected to witness the highest CAGR of 6.8%, during the forecast period.