According to the latest research report, the global food additives industry market reached a value of USD 48.7 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years.
Food additives are added in food products to enhance their appearance texture and shelf-life. Some of the most common food additives are colors, flavors, enzymes, hydrocolloids, and preservatives. They can be produced both artificially or derived from natural sources, like plants, animals and minerals.
Global Food Additives Market Trends:
The significant expansion in the food and beverage industry represents one of the crucial growth-inducing factors of the global food additives market. Food additives are added in baked goods, desserts, soups, sauces and baby food to ensure food safety by preventing microbial growth and contamination and extending the shelf-life of these products. Besides this, with the changing dietary habits and hectic lifestyles of consumers, there has been a rise in the demand for convenience food products in which food additives are used as a key ingredient.
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Apart from this, rising health consciousness has encouraged consumers to opt for organic or natural additives that have no adverse effects on health. Other factors, such as the launch of innovative product variants, rapid urbanization, the growing number of quick-service restaurants (QSRs) and emerging café culture, are expected to create a positive outlook for the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Food Additives Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the major players operating in the industry include Ajinomoto Co. Inc. (OTCMKTS: AJINY), Archer Daniels Midland (NYSE: ADM), BASF SE, Cargill Incorporated, Chr. Hansen A/S, Corbion N.V., Dow Chemical Company, Eastman Chemical Company, Givaudan, Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., Novozymes A/S, Tate & Lyle, etc.
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The report has segmented the market on the basis of product type, source, application, and region.
Breakup by Product Type:
Colorants
Emulsifiers
Enzymes
Fat Replacers
Flavors and enhancers
Shelf-life Stabilizers
Sweeteners
Others
Breakup by Source:
Natural
Synthetic
Breakup by Application:
Bakery & Confectionery
Beverages
Convenience Foods
Dairy & Frozen Desserts
Spices, Condiments, Sauces & Dressings
Others
Market Breakup by Region
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Key highlights of the report:
Market Performance (2014-2019)
Market Outlook (2020- 2025)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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