According to the report “Global Food Additives Market,” published by Market Data Forecast, the global market is projected to reach USD 53.56 billion by 2021, at a CAGR of 5.75% from 2016 to 2021.
Food additives are substances which is used to preserve the flavour or to enhance its taste, appearance, or other qualities by adding in foods. Some additives have been used since years like preserving food by pickling (with vinegar), salting, preserving sweets by using bacon or sulphur dioxide.
Food additives are used for enhancing food palatability in terms of food appearance, imparting particular desired properties to food products, & appeal, ensuring food safety through prevention of contamination, and through extended shelf-life of products.
With the beginning of processed foods in the early 20’s many more additives have been introduced, of both natural and artificial origin as they have gained growing level of importance over the years owing to the varied requirements of the food industry.
The demand for food additives in beverages accounted for the largest share, where as the dressings, condiments, sauces, spices segment is estimated to be the fastest-growing segments in this market.
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The factors affecting the Global Market for Food Additives Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section like due to growing consumption of food and beverages with high nutrition content and the better visual appeal, which are enhanced by food additives.
growing demand for packaged products including ready-to-eat meals, appetizers and frozen meals is also increasing the demand for additives. But, the market growth is declining due to stringent laws to determine the safe additives, which is making the process complex to register to new additives by companies.
For granular level understanding the Food Additives Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
• Anti-caking agents
• Bakery & confectionery
• Convenience foods
• Dairy & frozen desserts
• Other Applications
Geographically, Global market for Food Additives is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe.
Food Additives demand in the Europe region is increasing owing to growing importance of functional ingredients for incorporating properties such as emulsification, flavor, and extension of shelf life. The Food Additives market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly influenced by consumer preferences for healthy eating, trend towards natural & organic foods in the emerging economies.For more of regional analysis check out the following reports.
• North America Food Additives Market
• Europe Food Additives Market
• Asia-Pacific Food Additives Market
• Latin America Food Additives Market
• Middle East and Africa Food Additives Market
E.I. DuPont , Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE are the major players of Global Food Additives market.
The Food Additives Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of type, Therapeutic application, and end user along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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