Transparency
Market Research has published a new market report titled “Food
Additives Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2015 - 2021.” According to the report, the
global food additives market was valued at USD 31.43 billion in 2014
and is projected to reach USD 39.85 billion by 2021, growing at a
CAGR of 3.4% from 2015 to 2021.
Among
the different regions, RoW and Asia Pacific market have the similar
growth rate and are estimated to grow at the CAGR of 4.2% over the
forecast period. In terms of revenue, Europe held the largest market
size of USD 9.45 billion in 2014. However, it is expected that Asia
Pacific is expected to acquire the largest market for the food
additives by 2021.
Browse
full Food
Additives Market
report
at:http://www.transparencymarketresearch.com/food-additives.html
The
major factors driving the growth of the food additives market are
growing food and beverages industry, increasing demand for functional
food additives due to rising health concerns and shift in trends from
synthetic food additives towards natural food additives.
By
types, flavors and enhancers held the largest market in 2014 and is
estimated to hold its leading position throughout the forecast
period. Flavors and enhancers is followed by fat replacers, which is
estimated to hold the second largest market share for food additives
over the forecast period.
By
source, natural food additives is the fastest growing segment in the
food additives market. However, artificial food additives held the
largest market in 2014 and is projected to lead the food additives
market over the forecast period.
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a Brochure of this Report
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Food
and beverage industry is one of the major end users for food
additives. The food and beverage industry has experienced stable
growth in the previous years and is expected to undergo the same
throughout the forecast period. This growth in the food and beverage
industry is one of the major factors boosting the demand for food
additives globally. Increasing health awareness is one of the major
factors boosting the demand for functional food ingredients as well
as natural food additives market. This changing trend has benefited
the colorants segment the most. Due to pollution and environmental
erosion, the demand for synthetic colors is expected to reduce
substantially.
Additive
makers in the market comprise small, mid and large size
establishments, operating with different market and product focus.
The food additives either reach the consumers directly through the
industry participants by their own brands or through integrated
producers. The major participants of the market are Cargill which is
the second largest player in the market producing salt, BASF with it
diversified portfolio of raw materials, Associated British Foods
which is the second largest player in producing sugar and Ajinomoto
the world's largest producer of aspartame and original monosodium
glutamate (MSG) products. Apart from these, there are several other
companies producing emulsifiers, catalysts, antioxidants, vitamins,
sweeteners and other additives.
Europe
held the largest market for food additives in 2014, followed by Asia
Pacific. However, it is expected that Asia Pacific would hold the
largest market share for food additives by 2021, followed by Europe.
The
key players dominating the market for the food additives are
Ajinomoto Co, Inc., ADM, Associated British Foods Plc and BASF among
others are expected to capture the attention of consumers due to
their cost effectiveness vis-à-vis branded products.
Increasing
health awareness among consumers is one of the major factors boosting
the demand for natural food additives. However, in the emerging
economies of India, China and Malaysia among others, the use of
synthetic additives is still acceptable due to increasing demand for
processed food and beverages. Increasing local-foreign joint ventures
and availability of synthetic additives at affordable prices is
boosting the demand for synthetic additives in this region.
Natural
additive products are perceived as premium products and these
products are ten times more expensive than synthetic additives;
therefore they have limited buyers. Additionally, low shelf life
stability of natural additives is a major challenge especially when
the synthetic variants have improved stability properties. Therefore,
availability of synthetic additives at cheap prices, their longer
shelf life and absence of any government restriction on its use are
providing synthetic additive manufacturers an opportunity in the
emerging markets.
The
global food additives market has been segmented as follows:
Global
Food Additives Market by Product Type:
- Flavors and Enhancers
- Sweeteners
- Enzymes
- Colorants
- Emulsifiers
- Food Preservatives
- Fat Replacers
Global
Food Additives Market by Source:
- Natural
- Artificial
Global
Food Additives Market by Geography/ Country
- North America
- U.S.
- Canada
- Others
- Europe
- Germany
- U.K.
- France
- Others
- Asia Pacific
- China
- India
- Japan
- Others
- RoW
- Middle East
- Latin America
- Africa
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/food-additives.htm
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Us
Transparency
Market Research (TMR) is a global market intelligence company
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research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
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research techniques to develop distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Chaudhari
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