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(MoneyNewsWire.Net, April 12, 2018 ) Asia-Pacific Clean Label Ingredients Market has been estimated at USD 7.38 billion in 2016 and is projected to reach USD 10.81 billion by 2021, at a CAGR of 7.92% during the forecast period from 2016 to 2021. The Clean Label Ingredients market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the developments witnessed by the food ingredients sector, which provide variety of benefits.
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Clean label ingredients are a class of food additives and ingredients which include products like sweeteners, colors, flavors etc. These ingredients have properties which categorise them under clean label, which are primary as well as secondary. Primary factors are, fewer product ingredients without any chemical name, no artificial additives. Secondary factors include natural, organic and non-GMOs.
Rise of awareness among people regarding health issues related to use of artificial food additives and food safety incidents has led to a sudden growth in the market of clean label ingredients. Further, increase in consumer demand for clean label food products has been driving the consumption of clean label ingredients and need for clean label product launches. The company faces few challenges and restraints as well. These include, clean label ingredients’ limitations compared to the artificial ones, high cost of ingredient resulting in costly products and hence low consumption.
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The Asia-Pacific market for Clean Label Ingredients is categorized on the basis of application, form, and type. The market segmentation based on form is done into liquid and dry. Based on type, the market is segmented into Natural Colors, Natural Flavors, Flours, Fruit & Vegetable Ingredients, Starch & Sweeteners, Others. Finally, the segmentation is done based on application as, Bakery, Dairy, Beverages, Processed Foods, Frozen Products, Others. On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea.
The major companies dominating the market share include Koninklijke DSM N.V., Archer Daniels Midland Company, E.I. Dupont De Nemours and Company, Cargill, Kerry Group PLC, Ingredion Incorporated, Sensient Technologies Corporation, Tate & Lyle PLC, Corbion N.V., Chr. Hansen A/S, Brisan, Groupe Limagrain.
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