Meticulous Research®, a leading global market research company, has released a new report titled "Clean Label Ingredients Market by Ingredient Type (Flours, Colors, Flavors, Preservatives, Starch), Source (Plant-Based), Form (Dry Form, Liquid Form), Application (Food and Beverages) - Global Forecast to 2030."

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According to this report, the global clean label ingredients market is projected to reach $80.69 billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030. The market's growth is driven by several factors, including a shift in consumer preferences towards organic and natural ingredients, an increasing focus on health and wellness, growing concerns about the health risks associated with artificial ingredients, rising demand for clean label meat alternatives, and the expansion of e-commerce and online grocery shopping.

However, the market faces challenges due to the higher cost of clean label ingredients compared to artificial ones. On the other hand, increasing efforts by food manufacturers to reformulate products and the rising demand for vegan and plant-based foods present significant opportunities for market growth.

Key Players in the Clean Label Ingredients Market: Some of the prominent companies operating in this market include Archer-Daniels-Midland Company (U.S.), BENEO GmbH (Germany), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Corbion NV (Netherlands), Ingredion Incorporated (U.S.), International Flavors & Fragrances Inc. (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), Sensient Technologies Corporation (U.S.), and Tate & Lyle PLC (U.K.).

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Market Segmentation:

By Ingredient Type: The market is divided into flours (wheat, corn, rice, etc.), colors, flavors, preservatives, sweeteners, starch, and other ingredients. In 2024, the flour segment is expected to hold the largest market share, primarily due to the rapidly expanding processed food industry and the growing demand for clean label flours in various products.

By Source: The market is segmented into plant-based and other sources. The plant-based segment is expected to dominate in 2024, driven by consumer preferences for plant-based foods, environmental concerns, and a growing vegan population. This segment is also projected to witness the highest CAGR during the forecast period.

By Form: The market is categorized into dry and liquid forms, with the dry form segment expected to hold the largest share in 2024. This is attributed to the higher demand for dry-form ingredients due to their advantages, such as longer shelf life, easier storage, and lower processing costs.

By Application: The market is segmented into food and beverages. The food segment is anticipated to dominate the market in 2024, fueled by the growing food industry, increasing consumer health consciousness, and rising demand for vegan, organic, and plant-based products.

Regional Insights: The Asia-Pacific region is expected to register the highest CAGR during the forecast period from 2024 to 2030. Factors contributing to this growth include rising health consciousness, increasing demand for functional and healthy foods, a growing trend towards vegan and organic products, and the expansion of the clean label food movement in Asian countries.

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