Food Additives Market (2021-2027) Research Covers Top Players, Segment, Statistics and Forecast Report
Global Food Additives Market – Overview
Owing to rising
demand for flavors and preservatives in the foods and beverages industry, the
market of food additives is growing at an incremental pace globally. Market
Research Future, a firm which specializes in market reports related to the
Food, Beverages & Nutrition sector among others, recently forecasted in its
report on Global Food Additives Market Research Report- Forecast to 2023 that
the market will grow at striking rate during the forecast period.
Food additives
are used extensively for wide variety of purposes, such as for enhancing taste
of the product, for giving the food product and appealing look, texturizing,
and for additional health benefits (antioxidants and for use as functional food
ingredients). The demand for the product remains strong from foods and
beverages industry. Increasing health concerns among population, across the
globe coupled with the increasing awareness about the benefits of consuming
food additives are the key driving factors for the growth of
food additives market. Additionally, rapidly changing lifestyle, growing
demand for food, beverages, and confectionery is expected to augment the global
food additives market.
Global Food Additives Market – Segments
The global food
additives market has been divided into type, source, application, and region.
On The Basis Of Type:
Acidity Regulators, Colors, Flavors, Enzymes, Preservatives, Sweeteners,
Stabilizers & Thickeners, Anticaking Agents, and Others
On The Basis Of Source:
Synthetic, and Natural
On The Basis Of Application: Beverages, Bakery & Confectionery, Sweet & Savory snacks,
Dairy & Frozen Desserts, Oils & Fats, and Others
On The Basis Of Region:
North America, Europe, Asia Pacific, and ROW.
Global Food Additives Market - Competitive Analysis
Novel players are
entering the market to capitalize on the growing demand for the product at the
global level. Owing to the changing global trend, consumers are increasingly
inclined towards adopting healthy life-style and hence the demand for healthy
food ingredients and additives has escalated. The key players are identified to
be investing more on new product launch and acquisitions to strengthen their
market position. The best long-term growth opportunities for this sector can be
captured by ensuring ongoing product innovations and investments in the R&D
sector to obtain quality products.
The key players
included in Food Additives Market are BASF SE (Germany), Cargill Inc. (U.S),
Archer-Daniels-Midland Company (U.S.), Kerry Group plc. (Ireland), E. I. du
Pont de Nemours and Company (U.S.), Evonik Industries AG (Germany), and Tate
& Lyle plc. (U.K.) among many others.
Latest Industry Updates
Jan 2018 Arjuna Natural
Ltd. introduced natural preservatives for extending shelf life of vegetable oil
used for frying. The natural preservative will help in preventing oxidation,
thermal degradation, and hydrolytic rancidity. The product is GMO-free, oil
soluble and vegan.
Aug 2017 In order to capitalize
on the rising demand for natural sweeteners, Coca-Cola announced their interest
in investments in all-natural low- or no-calorie sugar alternatives. The
innovation through HeroX crowdsourcing platform will help the company in
expanding and strengthening their business portfolio.
Jun 2017 Zydus Wellness
launched a new variant of sugar free, namely sugar free green in two formats (powder
and pellets). The product is developed using stevia leaves.
May 2017 Whole Earth
Sweetener Company, launched their new stevia range in the U.K. The company’s
strategy is to capitalize on the rising demand for natural sugars based on increasing
health consciousness among the consumers.
Mar 2017 ED&F Man and
Unavoo launched natural sweetener breakthrough that cuts sugar by 100%. The
product claims to have high potential as sugar replacer.
Jul 2016 Food color adds
to the organoleptic properties of the food product and is a vital food
additives. Sentient launched yellow and orange food colors to broaden their
food color range.
Access Report@ https://www.marketresearchfuture.com/reports/food-additives-market-1383
Global Food Additives Market - Regional Analysis
The global food
additives market is segmented into North America, Europe, APAC, and Rest of the
World (RoW). Global food additives market is dominated by North America and
Europe due to high demand for food commodities and increased health
consciousness supporting the sales of natural ingredients. APAC is the fastest
growing region due to changing lifestyle and improved disposable income in the
region. The consumption of food additives in countries like Germany, the U.S., India,
Brazil, and China is projected to grow during the forecast years.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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