The Global Food Additives market has been estimated at USD 40.50 Billion in 2016 and is projected to reach USD 53.56 Billion by 2021, at a CAGR of 5.75% during the forecast period from 2016 to 2021.
Hyderabad, India -- (SBWIRE) -- 02/09/2018 -- The report "Food Additives Market by Type (Acidulants, Anti-caking agents, Colour, Emulsifiers, Enzymes, Flavours, Hydrocolloids, Preservatives, Sweeteners), by Source (Natural, Synthetic), by Application (Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings)", by Market Data Forecast research team predicts a steady growth. The Global Food Additives has been estimated at USD 40.50 Billion in 2016 and is projected to reach USD 53.56 Billion by 2021, at a CAGR of 5.75% during the forecast period from 2016 to 2021.
Substances that are supplementary to food to preserve or enhance the safety, freshness, sense of taste, consistency, or appearance of food are known as food additives. Salt (in meats such as bacon or dried fish) and sulphur dioxide (in wine) are some of the food additives we use in our daily life for a long time. The Global market share of Food Additives is largely taken by developed nations, the reason behind this being the increased disposable income of the middle class and need for the increase in the shelf life of the packaged food items. Developing countries are also observing a large increment in the market due to increasing economy and change of lifestyle.
The market for Food Additives is roaring because of developing utilization of food and drinks with high nourishment content and the better visual interest, which are improved by food additives. Additionally, developing an interest in bundled items including prepared to-eat dinners, hors-d'oeuvres and solidified suppers is likewise expanding the interest for additives. Be that as it may, the market development is declining because of stringent laws to decide the protected additives, which is making the procedure complex to enlist to new additives by organizations.
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Global Food Additives Market is segmented by Type into Acidulants, Anti-caking agents, Colour, Emulsifiers, Enzymes, Flavours, Hydrocolloids, Preservatives, Sweeteners
Enzymes take about 50% of the market share in this segment followed closely by preservatives, sweeteners and colour segment.
Based on Source, the market is segregated into Natural and Synthetic.
Synthetic Additives has the largest market share but the Natural Market segment is on the rise and is expected to outdo the synthetic one in coming years. This is attributed to the consumer awareness that is on the rise and the side effects caused by the synthetic one.
On the basis of product type, the market is bifurcated into Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings.
It's a broad segment and almost all segments of this market have a necessary step that involves the addition of Food additives. The market is quite positive and is expected to grow steadily in the forecast period of 2016-2021.
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North America dominated the market in 2017
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North America is the greatest market as far as the concerned pie over the globe, trailed by Europe. The Food Additives advertise in the Asia-Pacific area is anticipated to develop at the most astounding CAGR, which is enormously impacted by shopper inclinations for adhering to a good diet, drift towards characteristic and natural foods in the rising economies. Food Additives market in the Europe region is expanding inferable from developing the significance of practical elements for consolidating properties, for example, emulsification, flavour and augmentation of the time span of usability.
BASF SE, Kerry Group Plc, CHR. Hansen Holding A/S, Cargill Incorporated, E.I. DuPont and Archer Daniels Midland Company are the major organisations profiled in the report by Market Data Forecast on Food Additives market.
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