The Asia Pacific Clean Label Ingredients Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030).
The food and beverage industry are responding to the popularity of clean-label products by providing organic ingredients that can be used in various applications. The ingredients can be incorporated into multiple vegan foods, ready-to-eat meals, and dressings. Consumers' growing awareness of sustainable and ethically sourced food products also drives the demand for these ingredients. Manufacturers are actively procuring ingredients from regenerative sources to enhance the production process and reduce its environmental impact.
Clean label is a consumer-driven term for producing natural, organic, and additive-free food products. Although most clean-label ingredients are organic and natural, foods with very few ingredients are also considered clean labels. Clean label products contain only organic ingredients, such as plant-based, natural, and non-synthetic components, and no chemical additives.
Consumers' predilection for organic foods is on the rise due to increased health consciousness among consumers. Additionally, the expansion of organic food items is supported by the rise in disposable income, improved living standards, increased health care spending, and widespread promotion of organic food due to its benefits, such as being chemical free and natural. The requirement for a high standard of living increases as disposable income increases.
As per the U.S. Department of Agriculture, the total value of retail food and beverage (F&B) sales in Japan increased by 1.5 percent to $474.13 billion in 2020, compared to $466.97 billion in 2019. Food and beverage manufacturers in Japan are shifting away from artificial food colorings and opting for natural alternatives. Natural colorants like beetroot, turmeric, and spirulina add color to various products. There is a growing demand for preservative-free foods in Japan. Monosodium glutamate (MSG) has faced scrutiny in Japan, leading to increased demand for products labeled as "no MSG" or "MSG-free." Manufacturers opt for natural umami-enhancing ingredients like seaweed, shiitake mushrooms, and kombu. Clean label beverages are rising in Japan, with natural flavors and sweeteners replacing artificial additives. All of the aforementioned factors will aid in the expansion of the regional market.
The China market dominated the Asia Pacific Clean Label Ingredients Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,010.7 million by 2030. The Japan market is registering a CAGR of 6.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.8% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into B2B, and B2C. Based on Application, the market is segmented into Food (Bakery, Confectionery, Cereals & Snacks, Processed Food, and Others), Pet Food, Dairy, Non-Dairy, & Fermented Beverages, and Others. Based on Type, the market is segmented into Natural Flavors, Flour, Starch & Sweeteners, Fruit & Vegetable Ingredients, Natural Colors, Malt, and Others. Based on Form, the market is segmented into Powder, Liquid, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Clean Label Ingredients Market is Predict to reach $76.8 Billion by 2030, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Koninklijke DSM N.V., Frutarom (International Flavors & Fragrances, Inc.), Kerry Group plc, Tate & Lyle PLC, Corbion N.V., Cargill, Incorporated, DuPont de Nemours, Inc., Sensient Technologies Corporation, Ingredion Incorporated
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