DELAWARE, April 21, 2022 (GLOBE NEWSWIRE) -- The rapid expansion of the processed and packaged food industry, such as the growing popularity of ready-to-eat products, will continue to foster the growth of the food additives market. The global food additives market is anticipated to reach a total consumption of over 3,376 thousand tonnes in 2016.
The food additives market is likely to surpass a value of US$ 47.05 Bn by 2016 end. Among the different sources analysed in the food additives market, natural additives are projected to experience significant growth during the forecast period.
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Japan will remain the largest consumer in the food additives market. Food additives have become essential ingredients in various food & beverage products such as soft drinks, meat and seafood, bakery and confectionery, dairy products, desserts, snacks, and other products.
Apart from the expansion of the processed & convenience food industry, the growing demand for functional food additives also drives the food additives market, globally. In addition, continued research & development activities and associated new product launches by major manufacturers in the food additives market will be another driving factor for the food additives market.
As people have become more health conscious in the choice of food products, the demand for naturally-sourced, low-fat, low-sugar, and other customized natural food additives is foreseen to be an emerging trend in the market, creating new opportunities in the food additives market.
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The rising awareness about healthy diet practices among consumers, coupled with the increasing consciousness about the associated benefits of consuming natural or organic food products will also favour the growth of the food additives market. The food additives market has also seen a few major mergers and acquisitions in recent years, impacting the food additives market in a positive way.
Key Companies Profiled
A few of the major players competing in the global food additives marketplace are
- E. I. du Pont de Nemours and Company,
- Cargill, Incorporated,
- BASF SE,
- Alpha Ingredients Srl,
- Ajinomoto Co., Inc.,
- Kerry Group,
- Archer Daniels Midland Company,
- Ingredion Incorporated,
- Hansen Holding A/S,
- Novozymes A/S, and
- Tate & Lyle PLC
Segmentation for Food Additive Market
By Product Type:
- Preservatives
- Hydrocolloids
- Acidity Regulators
- Emulsifiers
- Flavoring Agents
- Food color
- Sweeteners
- Enzymes
By Source:
- Synthetic
- Natural
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By Application:
- Frozen Desserts & Dairy products
- Confectionery & Bakery
- Convenience Food & Snacks (Processed & Frozen)
- Meat & Poultry Products
- Beverages
- Others (soups, baby food, and sauces)
Key Regions/Countries Covered:
- East Asia
- South Asia
- Latin and South America
- North America
- Oceania
- Europe
- Middle East & Africa
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
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