Food Bulking Agents Market Outlook
According to the report by Expert Market Research (EMR), The Global Food Bulking Agents Market Growth, Trends, Analysis, Report and Forecast 2024-2032″, the food bulking agents market reached a value of approximately USD 3.35 billion in 2023. Aided by the rising demand for low-calorie and sugar-free food products and the growing application of food bulking agents in various food and beverage industries, the market is projected to further grow at a CAGR of 5.30% between 2024 and 2032 to reach a value of USD 4.53 billion by 2032.
Food bulking agents, also known as dietary fibre or roughage, are non-digestible carbohydrates derived from plant-based foods. They play a crucial role in maintaining gut health, assisting digestion, and preventing chronic diseases like diabetes and heart conditions. Besides, food bulking agents possess significant moisture-retaining, thickening, and stabilising properties, making them a valuable ingredient in the food and beverage industry.
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The increasing consumer inclination towards healthy, low-calorie diets is a primary driver for the global food bulking agents market growth. With the rising awareness about the health benefits of dietary fibre, including improved digestion and reduced risk of chronic diseases, there has been a marked shift towards fibre-rich diets, leading to a surge in demand for food products enriched with bulking agents.
Additionally, the rising trend of health and wellness, along with the growing prevalence of obesity and diabetes, has led to increased consumer preference for sugar-free and low-calorie food products. This has further contributed to the increasing food bulking agents market demand, as they are commonly used in the formulation of such foods due to their ability to add bulk without adding calories.
The expanding applications of food bulking agents in various sectors of the food and beverage industry are also a key factor driving the food bulking agents market development. For instance, in the bakery and confectionery industry, food bulking agents are used to improve texture and extend shelf life. They are also used in dairy products to enhance creaminess and mouthfeel, and in beverages to improve consistency and satiety.
Moreover, food bulking agents have emerged as a key ingredient in functional foods and dietary supplements due to their potential health benefits. With the rise in consumer demand for such products, this application is expected to further fuel the food bulking agents market expansion.
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Food Bulking Agents Market Segmentation
The market can be divided based on product, application, end use, and region.
Market Breakup by Product
- Flavours and Enhancers
- Antioxidants
- Anticaking Agents
- Emulsifiers
- Acids
- Sweeteners
- Stabilisers
- Humectants
- Others
Market Breakup by Application
- Bakery and Confectionary
- Snacks
- Dairy and Frozen Products
- Meat, Poultry and Seafood Products
- Beverages
- Others
Market Breakup by End Use
- Food Processing Sector
- HoReCa
- Retail
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Food Bulking Agents Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global food bulking agents companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- The Archer-Daniels-Midland Company
- Ajinomoto Co., Inc.
- Kerry Group plc
- Firmenich SA
- Associated British Foods plc
- BASF SE
- Cargill, Incorporated
- International Flavors & Fragrances Inc.
- Koninklijke DSM N.V.
- Givaudan
- Others
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