Food additives are
substances which are added to food products in order to preserve
flavor and enhance its taste and appearance. The food additives
market by type has been segmented into flavors and enhancers,
sweeteners, enzymes, colorants, emulsifiers, food preservatives, and
fat replacers. In addition, food additives market by source can be
segmented into artificial and natural. Food additives being a
chemical substance is regulated by government directives globally.
The manufacturers of food additives have to constantly modify their
products in order to meet customer requirements. Food and beverage
industry is one of the major end users for food additives. Stable
growth of food and beverage industry is one of the major factors
driving the food additives market globally. In addition, increasing
demand for functional food additives is also boosting the demand for
food additives globally.
The Food and Drug
administration (FDA) defines a food additive as, 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 characteristic of any food (including any
substance intended for use in producing, manufacturing, packing,
processing, preparing, treating, packaging, transporting, or holding
food; and including any source of radiation intended for any such
use); if such substance is not GRAS or sanctioned prior to 1958 or
otherwise excluded from the definition of food additives.
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The food additives
that the FDA does regulate are broken down into three categories.
"Indirect Food Additives" include packaging materials such
as paper, plastic, cardboard and glue that come into contact with
food. "Direct Food Additives" include preservatives,
nutritional supplements, flavors and texturizers that are added to
food. "Color Additives" are used to alter color.
Increasing health
consciousness and increasing demand for natural food additives over
synthetic food additives is also expected to boost the food additives
market. However, stringent rules and regulations governing the food
additives market and changing customer requirements is expected to
restrain the demand for food additives in the forecast period.
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By geography the
food additives market has been segmented into North America, Europe,
Asia Pacific and Rest of the world. Europe is the largest market for
food additives followed by North America. However, Asia Pacific with
large number of upcoming business utilities holds large potential for
the food additives market.
This report has been
segmented by type, by source and by region. The study highlights the
current market trends and provides forecasts from 2015 to 2021. The
report also analyzes the macroeconomic factors that are driving and
inhibiting the growth of the food additives market. The report would
help manufacturers, suppliers, and distributors to understand the
current and future trends in this market and formulate their
strategies accordingly.
By types, flavors
and enhancers held the largest market for food additives in 2014,
followed by fat replacers and sweeteners. It is estimated the trend
would be the same over the forecast period and it is expected that
flavors and enhancers would hold its position as the market leader in
2021, followed by fat replacers and sweeteners.
Food additives are
made by using raw material such as sugar, starch, corn syrup, sodium
benzoate and others which are reacted with certain chemicals and are
blended with various ingredients such as grains and soya to match the
requirement by the FDA. The food additives market globally comprises
of six categories: texture, nutritional, flavor, color, preservatives
and miscellaneous. There are two types of additives, direct and
indirect. Additives can be direct additives, which are added for a
specific purpose in the food such as to improve its taste, nutritive
value, ease in processing and to retain the quality of food during
handling and retailing for e.g. emulsifiers are used to improve the
texture, iodine is added to salt to maintain its nutritional value
and many more. There are also indirect additives, which are not added
intentionally but get included into the foods during processing,
handling and packaging for e.g. inclusion of adhesives and components
of coatings, paper and paperboard components, polymers etc.
By geography, the
market is segmented into four regions; North America, Europe, Asia
Pacific and RoW. Europe held the largest market for food additives in
2014, however it is estimated that Asia Pacific would hold the
largest market share for the food additives market by 2021.
The key players
dominating the market for the food additives are Ajinomoto Co, Inc.,
ADM, Associated British Foods Plc and BASF among others.
Note: Although care
has been taken to maintain the highest levels of accuracy in TMR’s
reports, recent market/vendor-specific changes may take time to
reflect in the analysis.
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