The Clean Label Ingredients Market: The rising disposable income of consumers and their subsequent willingness to spend on high priced but better-quality food are driving the clean label ingredients market

The clean label ingredients market is estimated to reach USD 45.13 Billion by 2020, growing at a CAGR of 7.40 % from 2020 to 2027. Organic foods are in high demand, compelling leading players in the food and beverages sector to rethink their production strategies. In order to woo the expanding demography of health-conscious consumers, an increasing number of companies are including natural ingredients in their portfolio. This automatically creates attractive market for clean label ingredients.

This factor, aided by the rising disposable income of consumers and their subsequent willingness to spend on high priced but better-quality food are driving the clean label ingredients market. Currently, the demand for dry clean label ingredients is considerably high.

The rising awareness among consumers will drive clean label ingredients market. In addition to this, the market will benefit from their increasing disposable incomes and consequent willingness to spend on organic food. In developed markets, sales are likely to remain high, aided by the presence of high awareness among consumers. Also their purchasing power is comparatively high, which will support the growth of the market.

Healthy living and focus on wellness constitute some of the most popular trends today. These trends not only influence lifestyle of millennial, but their purchase decisions as well, making it imperative for companies to keep pace with the dynamic consumer preferences. As a result an increasing number of companies in the food sector are shunning the use of artificial or synthetic additives to opt for organic ingredients.

In addition to this, consumers nowadays have easy access to information - thanks to modern technology. They often read through label of various food products before buying them. Due to the prevailing trend, an increasing number of producers are using clean label ingredients in their products. This is also rather necessary for them to survive in a highly competitive market.

Some of the key players profiled in the global clean label ingredients market: Cargill Inc. (U.S.), Archer Daniels Midland Company (U.S.), Koninklijke DSM N.V. (The Netherlands), Kerry Group PLC. (Republic of Ireland), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K), Chr. Hansen A/S (Denmark), DuPont (U.S.), Sensient Technologies Corporation (U.S.), Corbion N.V. (The Netherlands)

The global clean label ingredient market has been categorized into seven key regions including North America and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The clean label ingredient market is globally expected to register healthy CAGR during the forecast period. The countries such as U.K, Spain, Germany, Italy, Hungary has a huge number and variety of clean label ingredient products because of which they are the maximum clean label ingredient consuming countries; this makes Eastern and Western Europe the leading region in the market of clean label ingredient market at the global level.

The growing awareness about healthy food has led Asia-Pacific to opt for clean label ingredients over artificial ingredients. The clean label ingredients market is expected to make its presence in Africa, shortly. The awareness about clean label ingredients in many countries is growing, and this is compelling manufacturers to use more of natural clean label ingredients over artificial and synthetic ingredients.