Market Report on Food Additives [2020]

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Market Report on Food Additives 2020

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Summary
This report estimates the size of the global food
additives market in terms of value. The
importance of food additives may be attributed to
growing consumer demand for better quality food
products, products with extended shelf-life
natural ingredient content, growing demand for
convenience food, and rise in the consumption of
premium food products. The multi-functional
properties of food additives are an added
advantage and have resulted in its growing
consumption across the globe. The food additives
market is projected to reach USD 52.2 billion by
2020 at a CAGR of 5.6 during the forecast
period. In this report, the food additives market
is segmented by type, source, application, and
region. North America accounted for the majority
share of the global food additives market.
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Food additives have been of immense importance in
developed markets, mainly North America and
Western Europe, while the emerging markets of
Asia-Pacific and Row show potential in terms of
significant growth rates between 2015 and
2020. A key trend in the food additives market
is the growing demand for natural additives
derived from plants, animals, and microorganisms.
Though synthetic additives accounts for the
majority share, especially in case of flavors and
preservatives, consumption of natural
alternatives have prevailed in cases of additives
such as colors, hydro colloids, emulsifiers, and
enzymes, among others. Furthermore, the growing
number of consumers over the years have demanded
food products with no additives or natural
ingredients, or have switched to organic food
products, thereby restricting the market growth.
This has forced the food industry to develop
ingredients that cater to the diverse
requirements of processors as well as to meet
consumer demands for natural alternatives.
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Further, emerging economies, recovery of
developed economies, growing industrialization,
increasing demand for processed foods, and
greater level of consumer preference for
high-quality products have resulted in ingredient
suppliers becoming increasingly optimistic about
the future. The food additives market was
dominated by E.I. DuPont (U.S.), Archer Daniels
Midland (U.S.), Cargill, Inc. (U.S.), and Chr.
Hansen A/S (Denmark) with respect to their
developments in the past few years. These
companies accounted for a cumulative share of
about 61 in the market. Other players include
companies such as Kerry Group (Ireland), BASF SE
(Germany), Evonik Industries AG (Germany), Tate
Lyle PLC (U.K.), Ingredion Incorporated (U.S.),
and Novozymes A/S (Denmark).
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The food additives market by type is classified
into acidulants, anti-caking agents, colors,
emulsifiers, enzymes, flavors, hydrocolloids, and
sweeteners. The market for flavors was estimated
to be the largest in 2014, and is projected to
grow with the increasing demand for convenience
foods, beverages, and other applications. Reasons
to Buy the Report In terms of insights, this
research report has focused on various levels of
analysisindustry analysis, market share analysis
of top players, and company profiles, which
together comprise and discuss the basic views on
the competitive landscape, emerging high-growth
segments of the global food additives market,
high-growth regions, countries, and their
respective regulatory policies, government
initiatives, drivers, restraints, and
opportunities.
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The report will enrich both established firms as
well as new entrants/smaller firms to gauge the
pulse of the market, which in turn will help
these firms in garnering a larger market share.
Firms purchasing the report could use any one or
a combination of the below-mentioned five
strategies (market penetration, product
development/innovation, market development,
market diversification, and competitive
assessment) for strengthening their market
share. The report provides insights on the
following pointers Market Penetration
Comprehensive information on the global market
dynamics of food additives in different food
applications Product Development/Innovation
Detailed insights on upcoming innovative
formulations, research development activities,
and new product launches in the global food
additives market
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Market Development Comprehensive information
about lucrative emerging markets. The report
analyzes the market demand of food additives
across the world for various foods Market
Diversification Exhaustive information about new
products, untapped geographies, recent
developments, and investments in the global food
additives market Competitive Assessment
In-depth assessment of market shares, strategies,
products, and manufacturing capabilities of
leading players in the food additives market
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Table of Contents
INTRODUCTION OBJECTIVES OF THE STUDY MARKET
DEFINITION MARKET SCOPE MARKETS COVERED YEARS
CONSIDERED FOR THE STUDY CURRENCY STAKEHOLDERS
LIMITATIONS
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of Contents, please visit Market Report on Food
Additives 2020 Contact Us- Phone
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