Lucintel’s latest market report analyzed that clean label ingredient provides attractive opportunities in various applications, such as beverages, dairy and frozen desserts, bakery, prepared foods, and cereals and snacks. The clean label ingredient market is expected to reach $73.7 billion by 2028 with a CAGR of 6.8%. In this market, colors is the largest segment by type, whereas dry form is largest by form. The increased acceptance of natural colors provides strategic growth path in this market.
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Based on type, the clean label ingredient market is segmented into colors, flavors, fruit and vegetable ingredients, starch and sweeteners, flour, and others. The colors segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for natural colors in a variety of food manufacturing process.
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The Clean Label Ingredient Market is marked by the presence of several big and small players. Some of the prominent players offering clean label ingredient include Cargill, Tate & lyle, Archier Daniels Midland, Kerry, Ingredion, DuPont, DSM, and Sensient.
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