The
global food additives market is fragmented with large number of
players such as
Archer Daniels Midland Company (U.S.), E.I. DuPont
(U.S.), Cargill, Incorporated (U.S.), Kerry Group Plc (Ireland), CHR.
Hansen Holding A/S (Denmark), and BASF SE (Germany). Players are
increasingly focusing on developing food additives which suit the
demand of food and beverage manufacturers who require very specific
characteristics in their product. Players are also focusing on
collaborating and acquiring other companies so as to expand their
product portfolio and carry out joint ventures for the research and
introduction of new products, states a new research report on food
additives market by Transparency Market Research (TMR).
Download
exclusive Sample of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1011
According
to Transparency Market Research, the global food additives market
will rise to US$39.8 bn by 2021. On the basis of product, the global
food additives market is estimated to be led by the flavor enhancer
segment. The fat replacers segment is predicted to take up the second
position in the food additives market. By source, the market is
estimated to be led by the artificial food additives segment.
However, it is the natural food additive segment which will witness
fastest growth in the period from 2015 to 2021, stated a TMR
analyst.
Asia Pacific to Outnumber Europe and Emerge Most Lucrative Regional Segment
On the basis of geography, the market was led by Europe in the past with Asia Pacific in the second position. However in the years to come it is expected that Asia Pacific will overtake Europe in terms of leading regional segment and continue to do so throughout the forecast period. The growing population in Asia Pacific and high demand for food and beverage by this population will create a heightened demand for food additives. Busy lifestyle and the growing trend of working women will fuel the sales of convenience foods which in turn will propel the growth of the food additives market. The processed foods sector in countries such as India will also drive the demand for food additives market in the region.
Asia Pacific to Outnumber Europe and Emerge Most Lucrative Regional Segment
On the basis of geography, the market was led by Europe in the past with Asia Pacific in the second position. However in the years to come it is expected that Asia Pacific will overtake Europe in terms of leading regional segment and continue to do so throughout the forecast period. The growing population in Asia Pacific and high demand for food and beverage by this population will create a heightened demand for food additives. Busy lifestyle and the growing trend of working women will fuel the sales of convenience foods which in turn will propel the growth of the food additives market. The processed foods sector in countries such as India will also drive the demand for food additives market in the region.
Europe
will continue to account for high contribution to the revenue of the
food
additives market as the demand for novel flavors and taste
will continue to drive the processed food sector in the region.
Europe is anticipated to witness a burgeoning demand for natural food
additives on account of the growing incidences of diabetes and
obesity and increasing awareness among people about the benefits of
everything natural.
Growing
Demand for Functional Additives due to Increasing Health Concerns to
Drive Growth
One of the key factors driving the growth of the food additives market is the increasing demand for functional food additives on account of the rising health concerns among consumers across the globe. There are several growth opportunities for synthetic additives in developing nations despite natural additives becoming increasingly popular among other nations due to the trend of using and consuming everything natural.
One of the key factors driving the growth of the food additives market is the increasing demand for functional food additives on account of the rising health concerns among consumers across the globe. There are several growth opportunities for synthetic additives in developing nations despite natural additives becoming increasingly popular among other nations due to the trend of using and consuming everything natural.
Need
To Increase Shelf Life to Drive Demand from Food and Beverage
Manufacturers
Food
and beverage manufacturers are increasingly incorporating additives
such as emulsifiers, enhancers, and enzymes to increase the shelf
life and maintain emulsification and freezing characteristics of
their product offerings. This is boosting the demand for food
additives. Food additives are also added in various food products to
enhance their taste, appearance, and for preserving the flavor. Food
additives such as vinegar, sulphur dioxide, and salt are being used
at homes, driving the growth of the global food additives market.
This
review is based on Transparency Market Research’s report, titled
“Food Additives Market By Type (Flavors and Enhancers, Sweeteners,
Enzymes, Colorants, Emulsifiers, Food Preservatives, Fat Replacers)
and By Source (Natural and Artificial) - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2015 – 2021.”
The
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
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