CHICAGO, June 4, 2021 /PRNewswire/ — According to the new market research report “Bulk Food Ingredients Market by Primary Processed Type, Secondary Processed Type, Application (Food, Beverages), Distribution Channel (Direct From Manufacturers, Distributors), and Region – Global Forecast to 2026“, published by MarketsandMarkets™, the global Bulk Food Ingredients Market is projected to reach USD 1,008.1 billion by 2026, from USD 808.9 billion in 2021, at a CAGR of 4.5% during the forecast period.
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The rise in demand and preference for organic food products, bulk food ingredient manufacturers have been strategizing to develop innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend encouraging sales growth in terms of value. Staples, such as dairy, baked goods, and oils & fats, account for the largest share in the packaged food sales in both developed and developing countries. However, products such as confectionery, ice cream, and sweet and savory snacks are projected to drive growth in the bulk ingredients market for the next few years.
The grains, pulses, and cereals segment accounted for the largest market share of the primary processed bulk food ingredients market, nearly 63.1% in 2020
Grains, pulses, and cereals are dry, hard, and small seeds that are harvested for animal or human consumption. This…
