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.Complete report on food additives spread across 175 pages, profiling 10 companies and supported with 83 tables and 70 figures is now available at:
http://www.rnrmarketresearch.com/food-additives-market-by-type-acidulants-colors-emulsifiers-flavors-hydrocolloids-preservatives-sweeteners-source-natural-synthetic-application-bakery-confectionery-beverages-dairy-frozen-desserts-by-region-global-forecast-to-market-report.html
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.
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, hydrocolloids, 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.
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 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.
In terms of insights, this research report has focused on various levels of analysis – industry 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.
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 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.
On a related note, Food Preservative Market forecasts 2.6% from 2015 to 2020. The segments of the food preservatives market considered for this study include types, function, application, and region. The developments in industries such as beverages, confectionery, snacks, processed food & beverages and the growing demand for convenience food products in the Asia-Pacific region drive the food preservatives market. The food preservatives market was dominated by Brenntag AG, DSM food specialties B.V., Kemin Industries, Univar Inc., and Danisco A/S are companies mentioned in this 242 pages research, available at:
http://www.rnrmarketresearch.com/food-preservatives-market-by-types-functions-applications-trends-global-forecasts-2011-2016-market-report.html
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