San Francisco, Nov 29 Global food
additives market is expected to reach USD 55.53 billion by 2022,
according to a new study by Grand View Research, Inc. Food & beverage
industry growth in BRICS and Middle East on account of rising domestic
consumption and increasing foreign direct investments is expected to augment
market growth. Asia Pacific is expected to be one of the most promising markets
on account of growing domestic consumption in China and India owing to
population growth and new product launches by food & beverage manufacturers.
Availability of raw materials such as sorbitol and lactic acid in China,
Indonesia, and Malaysia in light of abundant farmland for oilseeds and soy is
expected to be a favorable factor for market growth in the near future.
Flavorants
& enhancers were the largest application segments, accounting for over 30%
of global food additives market revenue in 2014. Increasing consumer awareness
towards consumption of low salt and sugar free products is expected to enhance
the importance of flavors and enhancers over the forecast period.
Browse full research report on Food Additives Market:
www.grandviewresearch.com/industry-analysis/food-additives-market
Further key findings from the study suggest:
- Enzymes are
anticipated to remain the fastest growing segment, growing at a CAGR of
over 5% from 2015 to 2022. Increasing use of enzymes in food &
beverage industry in light of low cost as compared to others synthetic
chemicals and regulatory inclination to restrict green house gas (GHG) emissions
is expected to be a favorable factor for food additives market growth over
the forecast period.
- Increasing
consumption of emulsifiers in salad dressings, peanut butter, chocolate,
margarine and frozen desserts is anticipated to propel market growth for
food additives over the next seven years.
- Food &
beverage companies such as Coca Cola, Nestle and Mondelez International
have increased their market presence in high demand regions such as Brazil
and India through product innovations and strategic partnerships with
brand partners. As a result, food additives market players are expected to
utilize this opportunity for establishing their production bases in the
emerging economies.
- Global market
for food additives is highly fragmented with a presence of large number of
chemical and functional ingredients manufacturers such as DuPont, BASF,
Cargill and Eastman. The market is characterized by significant
consolidation by companies entering in to strategic alliances with members
within the value chain. In September 2012, DuPont and AvidBiotics Corp.
formed a partnership aimed at improving food safety by giving exclusive
rights to DuPont to use AviBiotics antibacterial protein technology.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/food-and-beverages
Grand
View Research has segmented the global food additives market on the basis of
product and region:
Global
Food Additives Product Outlook (Revenue, USD Million, 2012 - 2022)
- Flavors &
Enhancers
- Natural
flavors
- Artificial
Flavor & Enhancers
- Sweeteners
- HIS
- HFCS
- Others
- Enzymes
- Emulsifiers
- Mono,
Di-Glycerides & Derivatives
- Lecithin
- Stearoyl
Lactylates
- Sorbitan
Esters
- Others
- Shelf- life
stabilizers
- Fat Replacers
- Protein
- Starch
- Others
Global Food
Additives Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North America
- U.S.
- Europe
- Germany
- France
- Latin America
- Brazil
- Asia Pacific
- Japan
- China
- India
- MEA
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-food-additives-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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