Market – Overview:
In a broad sense, a food additive is any substance added to food that becomes part of a food product when added during the processing or making of that food. Legally, the term refers to “any substance the intended use of which results or may reasonably be expected to result — directly or indirectly — in its becoming a component or otherwise affecting the characteristics of any food.” This definition includes any substance used in the production, processing, treatment, packaging, transportation or storage of food.
Direct food additives may be man-made or natural and are often added during processing to add nutrients, help process or prepare the food, keep the product fresh, make the food more appealing. Natural food additives include Herbs or spices to add flavor to foods, Vinegar for pickling foods and Salt, to preserve meats. Whereas, indirect food additives are substances that may be found in food during or after it is processed. They were not used or placed in the food on purpose. These additives are present in small amounts in the final product.
According to a recent study report published by the Market Research Future, The Global Market of Food Additives has increased its market growth in recent years and is expected to grow at a rapid pace during the forecasted period. The global market of Food Additives is forecasted to witness a thriving growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2027).
Globally, the market for Food additives has been increasing due to food and beverages industries. Changing lifestyle and consumer’s preference towards ready to eat food, packaged foods and frozen foods are key drivers for the market. Growth in per capita disposable income and rising urban middle class population are among the key market contributors. Western countries generate the highest demand for food additives globally.
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Well-established players having regional and global presence adorn the Food Additives market as highly competitive. Marketers are competing on the basis of price, quality, innovation, service, reputation, and distribution. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the Food Additives market. The market will witness a fierce competition due to the expected extensions in product & service and product innovations.
The key players profiled in Global Food Additives Market report include- E.I. DuPont, Archer Daniels Midland Company, Cargill, Incorporated), CHR. Hansen Holding A/S (Denmark), Kerry Group Plc (Ireland), and BASF SE (Germany), and Novozymes A/S
Access the market data and market information presented through more than 25 market data tables and 25 figures spread over 160 numbers of pages of the project report “Food Additives Market – Forecast to 2027”
Market – Segments:
The Food Additives Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Product Type : Comprises flavoring agent, antioxidants, nutrition enhancer, colorants, sweeteners, emulsifiers, acidity regulators, and others.
- Segmentation by Application : Comprises dairy & beverages, bakery & confectionery, and Others.
- Segmentation by Packaging : Comprises Sachet, bulk, bag, mason jar, bottle, drum, box, and Others.
- Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
North-America and Europe dominates the Global Food Additives Market with the largest market share followed by Asia and RoW. Europe food additives market size, with Germany, France and UK leading the demand, was the dominant and accounted for a substantial revenue share in during the couple of past years. Increasing functional ingredients importance for imparting properties such as flavor, emulsification and shelf life extension in product offerings is expected drive demand. Asia Pacific was valued significantly during the past few years and is likely to grow at substantial rates up to 2022. Favorable regulations aimed at promoting foreign investments in domestic eatables & beverage industry is expected to be a favorable factor for the China and India food additives market size. Improvement in cattle breed management at a domestic level coupled with diary industry growth in New Zealand is likely to positively influence food additives demand.
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