Clean Label Ingredients Market is segmented By Form (Powder, Liquid, Others), By Type (Natural Colors, Natural Flavors, Fruits & Vegetable Ingredients....
Market Size in USD
CAGR4.3%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 4.3% |
Market Concentration | Medium |
Major Players | Archer Daniels Midland, Cargill, Dupont De Nemours and Company, Kerry Group Plc, Tate & Lyle Plc |
The Global Clean Label Ingredients Market is estimated to be valued at USD 131.4 Bn in 2024 and is expected to reach USD 199.1 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. Consumers are increasingly demanding food products with simple and easily recognizable ingredients, driving more food companies to opt for clean label ingredients in their formulations. The market is witnessing growing demand for clean label ingredients as consumers are becoming more health-conscious and are actively looking to reduce intake of additives and artificial ingredients in their diets. They are inclined towards ingredients that are natural, organic and ethically sourced. Many global food giants are catering to this consumer trend by focusing on clean label reforms and investing in research to find alternatives to artificial ingredients and preservatives. With consumers willing to pay premium prices for clean label products, more firms are expected to switch towards using natural colors, flavors and functional ingredients.