The food additives market will continue to rise due to the rapid expansion of the processed and packaged food industry, such as the increased popularity of ready-to-eat items. In 2016, the global market for food additives is expected to achieve a total consumption of approximately 3,376 thousand tonnes. By the end of 2016, the food additives market is expected to reach a value of US$ 47.05 billion. Natural additives are expected to rise significantly throughout the forecast period, among the several sources examined in the food additives market. Japan will continue to be the top consumer of food additives.
In 2021, the global demand for food additives will be 4,350 thousand tonnes. The food additives market will develop at a CAGR of 5.85 percent to reach US$ 83 billion by 2025.
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Food additives have become standard ingredients in a wide range of food and beverage goods, including soft beverages, meat and seafood, bakery and confectionery, dairy products, desserts, snacks, and a variety of other items. Apart from the growth of the processed & convenience food industry, the global food additives market is also driven by the rising need for functional food additives. In addition, continuing research and development initiatives by major manufacturers in the food additives market, as well as accompanying new product launches, will be another driving driver for the market.
Japan will continue to be the top consumer of food additives. Food additives have become standard ingredients in a wide range of food and beverage goods, including soft beverages, meat and seafood, bakery and confectionery, dairy products, desserts, snacks, and a variety of other items.
Apart from the growth of the processed & convenience food industry, the global food additives market is also driven by the rising need for functional food additives. In addition, continuing research and development initiatives by major manufacturers in the food additives market, as well as accompanying new product launches, will be another driving driver for the market.
Players to Watch
The writer will develop information about market players’ overall strategies. Then I’ll write about the market’s major players:
- Ajinomoto Co., Inc.
- Cargill Incorporated
- Archer Daniels Midland
- Alpha Ingredients Srl
- Kerry Group
- du Pont de Nemours and Company
- Ingredion Incorporated
- Hansen Holding A/S
- BASF SE
- Tate & Lyle PLC
- Novozymes A/S
The study contains information on the market’s key highlights as well as current developments. This allows readers to obtain a better grasp of the market and make an unbiased opinion on it. This market has been segmented in a number of ways, including:
By Product Type
- Acidity Regulators
- Colourants
- Emulsifiers
- Enzymes
- Hydrocolloids
- Flavouring Agents
- Preservatives
- Sweeteners
By Source
- Natural
- Synthetic
By Application
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Snacks & Convenience Food (Processed & Frozen)
- Beverages
- Meat & Poultry Products
- Others (sauces, soups, and baby food)
Key Regions/Countries Covered
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia-Pacific Excluding Japan (APEJ)
- Japan
- Middle East & Africa (MEA)
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The expanding consumer awareness of good diet practises, as well as the associated benefits of consuming natural or organic food products, will help the food additives industry flourish. In recent years, the food additives market has experienced a few large mergers and acquisitions, which have had a favourable impact on the business.
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