Food Additives Market set to expand and become organized during 2015-21

Transparency Market Research has added a global food additives market intelligence report from the food and beverages industry. The report titled "Food Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021" enumerates the various factors that drive or restrain this market in order to derive an accurate trajectory for the market within a given forecast period.

According to the report, the global food additives market is primarily driven by the increasing demand for functional food additives. The food and beverage industry is steadily shifting towards healthier products in order to keep up with this growing consumer trend. Consumers are also showing an increasing rate of aversion to synthetic food additives, pushing producers towards natural food additives instead.The largest end-user industry in the global food additives market for 2014 was the food and beverage industry. This industry has experienced steady growth in the recent past and is expected to continue contributing towards the growth of the global food additives market.

In terms of source, the global food additives market was led by artificial food additives in 2014. This segment is expected to continue leading the market throughout the forecast period, while the natural food additives segment is expected to be the fastest-growing one within the report's time frame.Although the use of synthetic additives is considered as a restraining factor in today's food and beverage industry, it is still an acceptable ingredient for the developing economies such as China, India, and Malaysia, where the demand for processed foods and beverages is increasing at a high rate. As a result, food additive companies based in developed economies of the world are looking to form local-foreign joint ventures within these countries.

The largest region in the global food additives market for 2014 was Europe, followed by Asia Pacific. The report expects Asia Pacific to lead this market by 2021, by when Europe will be in second place.The key players for the global food additives market are Cargill, Inc., Chr. Hansen A/S, BASF SE, AVEBE U.A., Associated British Foods PLC, Archer Daniels Midland Company, and Ajinomoto Co., Inc.

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The global food additives market operates on multiple levels, with small, mid-sized, and large establishments occupying various regions and shares of the market. This again changes with respect to the key areas of focus for each company. Cargill, Inc., is one of the largest companies in the global food additives market and is the second-largest company in the segment of salts. On the other hand, BASF SE is another major player with a vast portfolio of food additives and major market shares in each. Ajinomoto is the largest manufacturer of MSG products and aspartame, while Associated British Foods is currently the second-largest manufacturer of sugar.