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.
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keyword analysis:
http://www.grandviewresearch.com/industry-analysis/food-additives-market
http://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.
View more reports of this category by Grand View Research
at: https://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
o Natural flavors
o Artificial Flavor & Enhancers
·
Sweeteners
o HIS
o HFCS
o Others
·
Enzymes
·
Emulsifiers
o Mono, Di-Glycerides & Derivatives
o Lecithin
o Stearoyl Lactylates
o Sorbitan Esters
o Others
·
Shelf- life stabilizers
·
Fat Replacers
o Protein
o Starch
o Others
Global Food Additives Regional Outlook
(Revenue, USD Million, 2012 - 2022)
·
North America
o U.S.
·
Europe
o Germany
o France
·
Latin America
o Brazil
·
Asia Pacific
o Japan
o China
o India
·
MEA
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release of this research report by Grand View Research: https://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.
