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(HomeGarden247.com, March 14, 2018 ) The Global Clean Label Ingredients Market was worth USD 32.1 billion in 2016 and estimated to be growing at a CAGR of 6.72%, to reach USD 44.44 billion by 2021. The Clean Label Ingredients market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the development in the field of natural ingredients with wide range of functional benefits.
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Clean label ingredients are a class of food additives and ingredients which include products like sweeteners, colors, flavors etc. These ingredients have specific properties which classify them under clean label, which are primary and secondary. Primary properties include fewer product ingredients without any chemical name or easily understandable, no artificial additives. Secondary factors are natural, organic and non-GMOs.
Rise of awareness among people regarding health issues related to use of artificial food additives and food safety incidents has led to a sudden growth in the market of clean label ingredients. Further, increase in consumer demand for clean label food products has been driving the consumption of clean label ingredients and need for clean label product launches. The company faces few challenges and restraints as well. These include, limitations of clean label ingredients compared to artificial ones, high cost of ingredient leading to costly products and thus low consumption.
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The Global Clean Label Ingredients Market is segmented on the basis of form, type and application. Based on form the market is segmented into Dry and Liquid. The market segmentation on the basis of type is done under Natural Colors, Natural Flavors, Starch & Sweeteners, Flours, Fruit & Vegetable Ingredients, Others. Based on application the market is segmented into Beverages, Dairy, Bakery, Processed Foods, Frozen Products, Others. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Clean Label Ingredients market was dominated by Asia-Pacific, with the overall market share of over 34% globally. Asia-Pacific was followed by Europe and North America. Asia Pacific is predicted to grow at a rapid pace while Europe market is expected to be stagnant in the coming few years.
Some of the major companies dominating the market, by their products and services include Cargill, Archer Daniels Midland Company, Koninklijke DSM N.V., E.I. Dupont De Nemours and Company, Kerry Group PLC, Ingredion Incorporated, Tate & Lyle PLC, Sensient Technologies Corporation, Corbion N.V., Groupe Limagrain, Chr. Hansen A/S, Brisan.
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