Global Food Additives Market is anticipated to grow in the forecast period. Food additives facilitate the mass production of flavored, safe, visually appealing beverages and beverages and nutrition. Although additives make up only a small amount of the finished product (from parts per million to 1–2% by weight), they have a foremost outcome on the taste, color, texture, visual appearance, mouthfeel, and shelf life of prepared foods.
The factors that propel the growth of the Food Additives industry include changing lifestyles of customers and growing consciousness regarding nutritional food. On the other hand, there are factors that may hamper the growth of the market including strict governing environment and problems arising owing to additives, such as allergies. The industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Food Additives Market may be explored by technology, by product type, by application, and geography. The industry may be explored by technology as Acids, Sweeteners, Antioxidants, Emulsifiers, Anticaking Agents, Humectants, Stabilizers, Flavors & Enhancers, Colorants, Fat Replacers (Bulking Agents), Shelf- life stabilizers (Preservatives), and Others may include Color retention agents, Antifoaming agents, and Glazing agents. The “Flavors & Enhancers” segment led the Food Additives industry in 2015 and is anticipated to maintain its dominance by 2022.
The key applications that could be explored in the Food Additive Market include Hotels, Confectionary, Homes, Bakery, Snacks, Dairy & frozen products, Beverages, Meat, poultry & seafood products, and Others. The market could be explored based on product type as Chemical Based, and Nature Based. The “Natural flavors” segment led the Food Additives industry in 2015 and is anticipated to maintain its dominance by 2022 owing to increasing customer consciousness concerning the benefits of neem and herbs as natural flavors is promoting manufacturing development.
North America accounted for the major share of the Food Additives Market Size in 20-- and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing demand for confectionery and meat products in North America owing to increased urbanization, and hectic lifestyle, rising hospitality and retail segment is in turn anticipated to propel development of the market over the forthcoming period.
Some of the key players that fuel the development of the Food Additive industry comprise Danisco, BASF, Archer Daniels Midland, Ajinomoto, DSM, Associated British Foods, ADM, Royal DSM N.V., Givaudan and Eastman Chemicals. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Global Food Additives Product Outlook (Revenue, USD Million, 2012 - 2022)
• Flavors & Enhancers
• Natural flavors
• Artificial Flavor & Enhancers
• Mono, Di-Glycerides & Derivatives
• Stearoyl Lactylates
• Sorbitan Esters
• Shelf- life stabilizers
• Fat Replacers
Global Food Additives Regional Outlook (Revenue, USD Million, 2012 - 2022)
• North America
• Latin America
• Asia Pacific
Research Support Specialist, USA