Global food additives market size 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: https://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 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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/food-additives-market/request/rs1
Grand View Research has segmented the global food additives market
on the basis of product and region:
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
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
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.
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