Producing ingredients for a constantly changing food industry requires insight, and with continuous development in the consumer landscape and the subsequent market changes taking place, a whole new atmosphere for the food ingredients industry is being created.
By Rinkal Dawra, senior research analyst, Agriculture and Food & Beverage, MarketsandMarkets
Increased consumer awareness regarding the ill-effects of artificial ingredients and strict regulations regarding the inclusion of artificial ingredients are also marking a large impact on the global food supply chain.
What is the current market scenario?
The constantly evolving food market is positively impacting the food ingredients market. New product development in the ingredients industry is taking place within different areas and sub-sectors. The segment is changing and evolving continuously and so are the changes taking place in the technological and raw material industries. New technological developments such as encapsulation in health and nutraceutical ingredients are paving the way for the radical changes in the food ingredients industry. Right from ingredients with enhanced nutrition, replacement ingredients, value-added ingredients to clean-label additives, all the categories are going well with the current market scenario and are backed up by the technological advancements in the industry.
Awareness about healthy lifestyle, the growing vegan population, and an increasing number of health organizations recommending a plant-based diet are also increasing the demand for healthy ingredients. Additionally, the rise of new disruptive start-ups is creating a huge need for change in the global food industry and is driving the need for innovation by manufacturers in the ingredients industry space.
To read the complete article, please refer to the May-June 2019 print issue of Frozen Food Magazine Europe.