Global Food Additives Market Insights
The global food additives market is
estimated to grow at a moderate CAGR during the forecast period. The market is
primarily driven by rapid growth in the global food & beverage industry and
growing applications of food additives. Manufacturers of food additives in the
industry are improvising and expanding their product line according to
innovations and developments in the food processing industry.
Factors such as rising demand for food
preservation, concerns with respect to food safety, risk of contamination,
consumer demand for better quality and significant rise in consumption of
premium foods are expected to have a positive impact on growth in the global
food additives market. However, complicated regulatory framework is likely to
hinder growth in the food additives market up to a certain extent.
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Global Food Additives Market: By Type
The global food additives market can be
classified based on type into preservatives, sweeteners, emulsifiers,
anti-caking agents, enzymes, hydrocolloids, food flavors and enhancers, food
colorants and acidulants among others. The food flavors segment is estimated to
hold the largest market share in terms of revenue during the forecast period,
followed by the sweeteners segment. The flavors and sweeteners segment is
projected to register a high CAGR owing to diverse flavor demands across the
world. The acidulants segment is expected to grow at the highest CAGR during
the forecast period.
Global Food Additives Market: By Source
The global food additives market can be
segmented into natural and synthetic based on source. The synthetic source
segment is expected to hold the largest market share in terms of revenue due to
its easy availability and cheaper cost. The natural sources segment is
projected to grow at the highest CAGR owing to growing awareness about using
ingredients and additives from natural sources due to their health benefits.
Global Food Additives Market: By Application
The global Food additives market can be
segmented on the basis of form into beverages, bakery, meat & meat products
and dairy products among others. Application of food additives in the beverages
segment is expected to hold the largest market share in terms of revenue. Food
additives are used extensively for taste enhancement, food safety, appearance
and texture improvement in beverages.
Global Food Additives Market: Regional Insights
The demand for preservatives is
expected to be the highest in North America, followed by the Asia Pacific
region. The global market is dominated by North America, followed by the
European region. This can be attributed to growing awareness about nutritional
food and growing disposable income of population. The Asia Pacific region is
projected to grow at the fastest CAGR owing to high growth in end use
industries.
Global Food Additives Market: Vendor Landscape
The report contains a chapter dedicated
to vendors operating in the market, covering raw material manufactures,
equipment developers, manufacturers, and distributors. The report provides
these insights on a regional level. This section of the report entails contact details,
experience, products manufactured/supplied, and geographical presence of
companies.
Global Food Additives Market: Share & Competitor Analysis
Some of the key players operating in
the Food additives markets are Archer Daniels Midland Company, Cargill, Ashland
Inc., Kerry Group PLC, Tate & Lyle plc, BASF, and Associated British Foods
among others.
In October 2018, 7th Circle BV launched
a range of zero-chemical additives and sweeteners.
In August 2017, Tate & Lyle
launched CLARIA instant functional clean label starches with two new starch
products CLARIA Instant 340 and 360.
In September 2016, Tate & Lyle
started an oat ingredients facility and expanded a KRYSTAR Crystalline Fructose
production at facility in Indiana in the U.S.
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