North America Bulk Food Ingredients Market was worth USD 106.29 billion in 2021 and estimated to be growing at a CAGR of 3.53%, to reach USD 126.6 billion by 2026. North America region shows high revenue in the food ingredients market and its consumption is likely to grow in the region.
Some of the ingredients are experiencing very high growth but they start from a very small base. The bulk Ingredient market is gradually becoming more fragmented, very complexed and a lot more niche. In the food ingredients industry has to go with changing consumer trends in order to sustain on top in the market.
This market is driven by factors such as a rise in consumer spending, quick urbanization, the upgraded standard of living of the consumers leading to the growing demand for ready to eat food. Consumers have become more health aware and the demand for healthy food with low fat, low cholesterol, and low sugar is increasing. Consumers demand food that is rich in fiber and protein content. These factors are persuading the market for bulk food ingredients. Similarly, growing health awareness among consumers has led to an augmented demand for bulk food ingredients.
North America market for bulk food ingredients is divided by type into Primarily processed food and Secondary processed food. Primarily processed food is mainly bifurcated into Grains & Seeds, Herbs & Spices, Sugar, Salt, Oilseeds, Nuts, and Others. Secondary processed food is segmented into Dry Fruits & Nuts, Grains & Seeds, Flour, Herbs & Spices, Sugar, Salt, and Others.
Based on application bulk food ingredients market is segregated as Ready Meals, Bakery Products, Confectionery Products, Snacks & Spreads, and Others. Herbs & Spices segment is estimated to grow at the highest CAGR during the forecast period due to the growing demand for healthy products among customers.
Geographically the North America Bulk Food Ingredients Market is segmented into US, Canada and Rest of North America. The USA is the leading market globally in terms of revenue followed by Canada.
Key Players in the Market:
Major Key Players in the North America Bulk Food Ingredients Market are
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