Food Additives Market Global Demand, Industry Size, Share, Key Vendors Profile, Growth Factors, Development Trends and Business Opportunities till 2023

September 16 23:10 2019
Food Additives Market Global Demand, Industry Size, Share, Key Vendors Profile, Growth Factors, Development Trends and Business Opportunities till 2023

The global food additives market Size, Share and Industry Growth is segmented into type, source, and application.
“global food additives market is increasing due to increased demand for food additives in food and beverages industry, Due to rising demand for flavors, and preservatives in the food industry, the market of food additives is growing at an incremental pace globally”

Global Food Additives Market – Competitive Analysis

Highly competitive the Global Food Additives Market appears fragmented owing to the presence of a sizeable number of well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, expansion, partnership, and product & technology launch in order to gain a competitive advantage in this market and to maintain their market positions. The market is expected to witness fierce competition due to the predicted product & service extensions and product innovations.

These leading players have also made high investments locally as well as in the emerging countries to expand their distribution network, production capacity, and supply chain.  The supplier’s strategy to sustain in the market is to obtain strong financial support. These players strive to minimize the cost of their product by adopting cost-effective manufacturing methods.

Major Players:   

Key players leading the Global Food Additives Market include-

  • Archer Daniels Midland Company (US)
  • Cargill India Private Limited, E. I. du Pont de Nemours & Company (US)
  • Chem-Mex Industries Incorporated (US)
  • CHR. Hansen Holding A/S (Denmark)
  • Kerry Group Plc. (Ireland)
  • Novozymes A/S (Denmark)
  • BASF SE (Germany)

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The Global Food Additives Market is growing rapidly mainly due to the augmented adoption of these additives led by the demand from the burgeoning food & beverages industry, worldwide.

Over the past few years, the F&B industry is proliferating attributing to the growing population, urbanization and improving economic conditions. Moreover, factors such as the rapidly changing, lifestyle and consumer preference inclining towards packaged/ ready to eat foods and frozen foods are escalating the market on the global platform.

Acknowledging the exponential growth, the market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the already thriving Global Food Additive Market will further gain colossal accruals by 2023, registering a considerable CAGR during 2018 to 2023.

Additional factors substantiating the growth of the market include growing disposable income and rising urban middle-income group. Globally, western countries account for the highest demand for food additives.  Extensive use of these additives in domestic as well as commercial food preparation settings defines the growth landscape of the market, globally.  

On the flip side, factors such as the stringent government regulations that outlaw specific food additive inhibits market growth. For instance; the US FDA Banned the use of around seven synthetic food additives after environmental groups take the legal action.

Similarly, CBD-infused food is banned by the Health Department at restaurants in New York. While, the FDA is yet to decide two overlapping petitions — a food additive petition requesting the agency take action on uses of ortho-phthalates in contact with food submitted by Earthjustice, EDF, and nine other public health allies.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

3 Market Research Methodology

4 Market Landscape

5 Market Dynamics of Global Food Additives Market

6. Global Food Additives Market, by Source

7. Global Food Additives Market, by Type

8. Global Food Additives Market, by Application

9. Global Food Additives Market, by Region

10. Company Landscape

TO BE CONTINUE ………….

Global Food Additives Market – Segments

For enhanced understanding, the report has been segmented into four key dynamics.

By Product Type      

  • Antioxidants
  • Nutrition Enhancer
  • Flavoring Agent
  • Sweeteners
  • Emulsifiers
  • Colorants
  • Acidity Regulators

By Application          

  • Bakery & Confectionery
  • Dairy & Beverages

By Packaging

  • Bag
  • Sachet
  • Bulk
  • Mason Jar
  • Bottle
  • Drum
  • Box

By Regions               

  • North America
  • Asia Pacific
  • Europe
  • Rest-of-the-World

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Global Food Additives Market – Regional Analysis

The Global Food Additives Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global food additives market is highly dominated by North America and Europe due to high demand for food commodities and increased health consciousness supporting the sales of natural ingredients. APAC is the fastest growing region due to changing lifestyle and improved disposable income in that region. The consumption of food additives in countries like Germany, the U.S., India, Brazil, and China is expected to grow in the upcoming years.

About Market Research Future:

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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