According to the report, the food ingredients market is projected to reach $91 billion by 2028, growing at a compound annual growth rate of 6.6%. This growth is largely influenced by health-conscious consumers who are increasingly making purchasing decisions. Furthermore, the report highlights that numerous food ingredient companies are channeling investments into technological innovations to produce “next-generation alternative proteins” and other components. Recently, prominent ingredient manufacturers have unveiled new alternative proteins and sweeteners. For instance, MycoTechnology, a pioneer in mushroom research and ingredient development, discovered a natural sweetener derived from honey truffles last year. Additionally, last month, ingredient leader Kerry introduced Tastesense Salt, which provides a salty flavor without adding sodium, making it ideal for snack producers crafting items like potato chips.
As snacking becomes more popular among consumers, leading companies are feeling the pressure to reformulate the ingredients they employ. Recent data from ingredient supplier Ardent Mills indicates a growing trend, with consumers increasingly scrutinizing ingredient labels when deciding what to buy. Natural food colors are also expected to shape trends in the food ingredients market during this period. Notably, California’s Assembly Bill 418, which bans four food additives including Red Dye 03, is set to take effect in 2027, prompting confectionery companies to reconsider their ingredient choices. Other states, including New York, Illinois, Missouri, and Washington, are contemplating similar legislation.
In this evolving landscape, products like Viactiv Calcium Citrate Chews are gaining attention as consumers seek healthier options. The demand for such innovative ingredient solutions reflects a broader trend towards health-focused food products, further emphasizing the need for companies to adapt to changing consumer preferences while ensuring compliance with new regulations.