Food Additives Market: Segments, Opportunity, Growth and Forecast By End-use Industry 2021
Sarasota, FL -- (SBWIRE) -- 09/14/2016 -- The term "food additives" refer to substances that are added to food in order to preserve the flavor or enhance its taste along with appearance. Most of the additives have their origin since centuries. For example, preserving food by pickling using vinegar, salting method used to preserve meat such as bacon or fish, preserving sweets using additives such as sulfur dioxide as used for wines. With the emergence of processed food at the end of twentieth century, various types of additives have been introduced. Food additives help to assure the availability of healthy, appetizing, and affordable foods that meet consumer demands in day-to-day life.
Based on the product type, the global food additives market can be segmented as acidulents, acidity regulators, acidity regulators, anticaking agents, antifoaming and foaming agents, antioxidants, food coloring, emulsifiers, and others. Others segment is further sub-segmented as flavor enhancers, flour treatment agents, glazing agents, humectants, preservatives, stabilizers, sweeteners, and thickeners. Of these, food coloring, preservatives, and sweeteners are the largest growing segments in the food additive market. On the basis of source, the global market is segmented as natural and synthetic. Based on the application, the market is further segmented as bakery and confectionary, dairy and frozen desserts, beverages, meat and poultry products, processed and frozen food, and others. Others segment is further sub-segmented as sauces, soups, and baby products. Geographically, the market is segmented as North America, Europe, Asia Pacific, and Middle East & Africa.
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The Asia Pacific market is witnessing the highest growth owing to the increasing demand from the developing countries such as India, China, and South Korea. In addition, Europe and the U.S. are also experiencing growth due to boosting demand from food & beverage and packaged foods industries. The North American region is also anticipated to hold a major share of the global market, particularly owing to growing consumer awareness on the natural additives and functional food additives usage. Numerous new techniques used for the production of food additives help to meet the growing demand of the food additives, which in turn impacts the growth of the global food additives market in a positive way.
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Conversely, other factors hindering the global market growth include health hazards inherent in the consumption of synthetic additives, increasing consumer demand for "no additive" food products, limited availability and high cost of naturally sourced additives, and rising demand for products with natural additives.
Major players in the global food additives market are Cargill, Inc., Palsgaard, Alpha Ingredients Srl, Brenntag, Ajinomoto Co. Inc., Kerry Group, Archer Daniels Midland Company, and E. I. du Pont de Nemours and Company. Other key players influencing the market are Ingredion Inc., BASF SE, Chr. Hansen Holding A/S, Novozymes A/S, International Flavors and Fragrances, and Tate & Lyle PLC.
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Food Additives Market: Regional Segment Analysis
Middle East & Africa
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