Description
The Future of Ingredients 2023 is a global market report that covers the latest innovations and consumer trends across the global food ingredients market in 2023. Our global future of ingredients market report identifies evolving areas, consumer attitudes, and important advances expected across regions like EMEA, APAC, and LATAM over the next five years and beyond.
Global Food Ingredients Market Outlook
The agricultural revolution of the 21st century is being propelled by a need to solve consequential problems facing food production. Supply chain disruption brought on by climate change and global conflicts will push innovators to turn to science rather than nature for food sustainability and security.
However, as tech companies, including food tech, are refocusing in response to the current economic situation, cost-cutting measures may slow innovation in the short term.
- 56% of adults in Canada are concerned about food waste when purchasing food and drinks in stores
Ingredients Market and Trends in the Next Two Years
Economic pressures will drive consumers to seek out products that keep them healthy – not only physically, but also financially.
Ultra-processed foods will continue to be scrutinised, a move that is an extension of the ongoing clean label movement. However, at the same time there will be a push to reduce food waste and nutrition loss.
- 83% of Spanish consumers aged 45-64 agree that fibre can support digestive health.
- 71% of Chinese consumers agree that diet therapy is more effective in helping them to age healthily than medicine or supplements.
The Future of Ingredients in Five Years and Beyond
In the long term, technology will be seen as an important tool for innovation and even survival. Consumers are aware of the link between food production and the planet’s health, with many acknowledging that the climate crisis will affect what food they buy in the future.
As predicted by Mintel in 2020, Artificial Intelligence (AI) is playing a bigger role in the future of ingredients innovation. Ingredient companies and food manufacturers are using AI to uncover novel ingredients and solutions to bring healthier and more sustainable foods to market with consumer preferences in mind.
To discover more about The Future of Ingredients Market Report 2023, read The Future of Nutrition, Health and Wellness Market Report 2023, or take a look at our extensive Global Health and Wellbeing Market Research.
Expert Analysis from a Food & Drink Specialist
This report, written by Stephanie a leading analyst, delivers in-depth commentary and analysis to highlight current trends in the global food ingredients market and add expert context to the numbers.
Economic conditions may slow food tech innovation but brands can turn to ingredient solutions that will support consumers’ physical and financial health.
Stephanie Mattucci
Director – Food & Drink
Table of Contents
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Where we are now
- Graph 1: consumer attitudes toward supply chain, ethical and environmental issues, any agreement with the statement “Climate change will have an effect on the foods/drinks I buy”, 2022*
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in the next two years
- Drive value with nutrition and long-lasting foods
- Graph 2: food and drink aspirations, next 12 months*, 2022
- Graph 3: top ways that consumers save money on food and drink, “buy more frozen or tinned/canned food instead of fresh”*, 2022
- Graph 4: preservative trends, % of food and drink launches, 2002-22
- Graph 5: attitudes towards healthy eating/drinking, “highly processed food/drink (eg chips/crisps, soft drinks) are fine in moderation as part of a balanced diet”*, 2022
- Dietary fiber becomes a hero ingredient
- Graph 6: attitudes towards fiber in food and drink, by age, 2022
- Graph 7: top fiber ingredients in high/added fiber food and drink launches, % of launches, 2022
- Help consumers live and age well
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In five years and beyond
About the report
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
The consumer
What They Want. Why They Want It.
The Competitors
Who’s Winning. How To Stay Ahead.
The Market
Size, Segments, Shares And Forecasts: How It All Adds Up.
The Innovations
New Ideas. New Products. New Potential.
The Opportunities
Where The White Space Is. How To Make It Yours.
The Trends
What’s Shaping Demand – Today And Tomorrow.
Below is a sample report, understand what you are buying.
Please Note: All of the figures, graphs, and tables have been redacted.
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