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Asia-Pacific continue leading food ingredients market

author:Naturalindate:2018-07-16 10:03Click: times
With the rise in urbanization, purchasing power, and growing population density resulting in higher consumption of convenience food, which is the basic driver of food ingredients market. 
Among the regions, Asia-Pacific continue to lead as fast-growing and also big market for food ingredients. The huge presence of food processing industry all around Asia-Pacific and also increasing focus of leading food and beverage players on the Asia-Pacific region, makes this region number one for food and beverage industry.
Reports has valued the global bulk food ingredients market at USD 384.29 billion in 2016 and and it estimates the same will reach USD 546.97 billion by 2025, growing at a CAGR of 4.0% from 2017 to 2025.
Due to the increased perception of food playing the role of preventive health care, functional foods are increasingly used by most of the households. Transparency Market Research finds the global market for functional food ingredients to reach US$32.4 billion by 2024 increasing from US$19.38 billion in 2015 at a CAGR of 6.0% between 2016 and 2024.
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