The newly released research at Market Study Report LLC titled “2018-2024 Global Food Additives Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Selbyville, DE -- (SBWIRE) -- 12/21/2018 -- Global food additives market is likely to observe a commendable upsurge on account of the change in purchasing patterns of consumers in urban locations to comply with a fast-paced lifestyle that includes buying packaged and processed food. Consumer needs have however evolved from the humble salt, sugar and vinegar, to additives that are nutritious, flavorful, safe, presentable, convenient and affordable. Powered by the robust demand for such flavor enhancers, sweeteners, emulsifiers, and sugar substitutes, food additives market is likely to depict an appreciable incline ahead. Despite the addition of certain chemicals, the lure for fresh, flavorful and most importantly safe meals has led to food additives market trends depicting a massive transformation lately. Global Food Additives Market may surpass USD 115 billion by 2024; according to a new research report.
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North America driven by the U.S., Canada and Mexico food additives Market is expected to reach at USD 29 billion by 2024. The growing demand for confectionery and beverage products in North America due to hectic lifestyle, increased urbanization and growing retail and hospitality sector is in turn expected to drive the growth demand in the region.
Sweeteners Market is projected to surpass over USD 60 billion by 2024. Consumers believe in low-calorie sweeteners will effective for various purposes which includes weight reduction, weight maintenance, management of diabetes and reduction in the risks associated with obesity, thereby driving the industry growth. Asia Pacific natural sweetener Market is likely to witness a significant gain at over 4.5% during the forecast timeframe. Natural sweetener increases the stability of the products and is also used in milk formulations to increase the bioactive calcium.
Food additives Market from beverage application is projected to reach over USD 50 billion by 2024. They are widely used in various beverage applications including soft drinks, juices, coffee, and wines. Fumaric acid is used as an additive in alcoholic beverages, including spirits, beer, malt beverages, wine, wine coolers and low-alcohol beverages, thereby propelling the industry growth.
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Asia Pacific led by Japan, South Korea, India and China food additives Market is expected to reach at USD 40 billion by 2024. Rising awareness about high nutritional diet and increasing need to impart ethnic taste are playing a key role in accelerating demand in the region. The Indian food processing industry is expected to grow with a rapid pace over forecast period. This creates a highly conducive environment for growth of the regional market, buoyed by rapid economic growth in emerging economies of India and China.
Food additives market share is concentrated with various players including BASF, Cargil, DuPont, ADM, Ajinomoto and Adani Wilmer are the prominent industry participants. High R&D spending by manufacturers towards comply with environmental regulations may improve & expand product diversification thereby stimulate industry growth.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Food Additives Industry Insights
Chapter 4. Food Additives Market, By Product
Chapter 5. Food Additives Market, By Region
Chapter 6. Food Additives Market, Company Profiles
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For more info - https://www.marketwatch.com/press-release/At-18-CAGR-Aseptic-Packaging-Market-will-reach-USD-18300-Million-by-2023-2018-12-13/?utm_source=REW-SP
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