Clean label ingredient specialist Ulrick + Short opened a new blending and warehouse facility. This is the company’s third production site, which was secured as Ulrick + Short celebrated its 25th anniversary last year.
revyve, B.V. launched a new egg replacer, which is a gluten-free ingredient line made from baker’s yeast. It is said to have excellent texturizing functionalities and is fully neutral in flavor and color. Its neutral flavor profile makes it suitable for flavor-sensitive products, such as sweet baked goods and confectionery.
Glanbia announced an agreement to acquire Flavor Producers LLC, for an initial consideration of USD 300 million. Flavor Producers is a US flavor platform, providing flavors and extracts to the food and beverage industries, with a focus on organic and natural ingredients.
The global clean-label ingredients market is projected to reach USD 80.69 billion by 2030, at a CAGR of 6.9% from 2023 to 2030, according to a study published by Meticulous Research. Growing consumer preferences for organic and natural ingredients, increasing focus on health and wellness, growing health concerns associated with artificial ingredients, growing consumer demand for clean label meat alternatives, and rise of E-commerce and online grocery shopping are some of the factors driving the growth of the clean label ingredients market.
At 6.78% CAGR, the market for clean-label ingredients is anticipated to hit USD 68.57bn by 2028, says Brandessence Market Research. The global market for this segment was evaluated at USD43.32bn in 2021.
