Market Study Report adds Global Synthetic Food market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Selbyville, DE -- (SBWIRE) -- 10/29/2018 -- Shifting consumer lifestyle, including eating preferences due to ongoing urbanization across the globe is a major factor contributing to the synthetic food market expansion. Several artificially engineered ingredients provide better flavors & textures along with nutritional and healthy content in the meals. Rising consumer inclination towards processed and ready-to-eat products with ensuring nutrition, safety and quality will propel product demand. Synthetic Food Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
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Legislative amendments by international and regional organizations, including FSSAI, FDA, EFSA, JTAFS, FSANZ and CFIA to encourage product application will boost synthetic food market growth. These guidelines effectively permit manufacturers to directly add artificial ingredients as seasonings and indirectly in vinegar and salt.
Urban synthetic food market benefit from easier access to consumer base, lower distribution costs, and proximity to diverse technologies including IT and waste treatment facilities. These ingredients are precisely added in vegetable dyes, inorganic pigments, potato skins, sausage casings, gelatin desserts and powdered drink mix to provide high quality meals. Furthermore, better availability of raw materials, improved packaging and equipment and the presence of highly trained manufacturers will stimulate synthetic food market expansion.
Hydrocolloids will depict 5% CAGR up to 2024. Increasing ingredient requirement as an additive enhancing texture, viscosity, stability and physical appearance of the meals will stimulate product demand. Some of the most common artificial hydrocolloid comprises carboxymethyl cellulose, guar gum, carrageenan, gelatin, locust bean gum and alginates.
Beverages applications from flavor & fragrances is expected to generate worth over USD 3 billion by 2024. Increasing consumption of numerous beverages including juices, coffee, tea, soda, aerated drinks and mineral waters will enhance demand in this segment. Most of the manufacturers have started developing good-for-you healthy beverage lines by shifting towards artificial sweetener usage.
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Bakery and confectionery from fat replacers generated sales over USD 350 million in 2016. Rising health concerns, including obesity, diabetes and immunization will fuel the adoption of healthier and safer food options. Shifting dietary preference towards sweets, candies, chocolates, pastries, cakes, doughnuts and cookies among all age groups will propel product penetration.
North America is anticipated to register a growth rate over 5.5% by 2024. The large presence of FMCG manufacturers and huge consumer base will positively support product penetration. Growing consumer consciousness concerning health benefits of artificial ingredients consisting low sugar levels will further propel industry. The U.S. is the leading contributor towards synthetic food market growth owing to its large production and consumer adoption rate.
Global industry share is fragmented owing to presence of a large number of international and local industry players. Rising competition among present organizations and new participants is anticipated to encourage product advancement. Some of the key fmarket players are ADM, Flavorchem, Sensient Technologies, FMC Corporation, DSM, Aarkay, Allied Biotech, BASF, Chr. Hansen, Frutarom Industries and Symrise. Other prominent participants include Falcon Essential Oils, Biolandes, Kalsec, Fiorio Colori, Naturex, Young Living Essential Oils, D?hler Group and DDW.
Table of Content:
Chapter 1. Synthetic Food Market Methodology and Scope
Chapter 2. Synthetic Food Market Executive Summary
Chapter 3. Synthetic Food Industry Insights
Chapter 4. Synthetic Food Market, By Product
Chapter 5. Synthetic Food Market, By Region
Chapter 6. Synthetic Food Market Company Profiles
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