(Food-Beverage-News.Com, April 25, 2018 ) The Europe Food Additives market has been estimated at USD 10.94 Billion in 2016 and is projected to reach USD 14.02 Billion by 2021, at a CAGR of 5.10% during the forecast period from 2016 to 2021. Food additives are substances added to various food products for enhancing their appearance and taste or for preserving their flavor. A variety of food additives have been utilized, such as vinegar for the preservation of food by pickling, sulfur dioxide for wines, salting as in the case of bacon, etc. Food additives can be of both artificial and natural origin.
The market for Food Additives in Europe is mainly driven due to rising consumer demand for exotic taste and high-value nutritional products, which is influencing manufacturers to develop ingredients that would enhance the consumer experience. Also, rising awareness about high nutritional diet and increasing need to impart ethnic taste are also driving the demand for food additives. But, the market growth can be constrained due to strict regulations by food administration agencies on the quality and quantity of food additives.
Europe market for Food Additives is segmented based on type, source and application. By type, the market is further sub-segmented into Acidulants, Anti-caking agents, Colors, Emulsifiers, Enzymes, Flavors, Hydrocolloids, Preservatives, Sweeteners. By Source, the market is further sub-segmented into Natural and Synthetic. By Application, the market is further sub-segmented into Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings. The flavors segment accounts for the largest market share followed by the sweeteners segment in the market by type. The demand for food additives in beverages accounted for the largest share, while the sauces, dressings, spices, condiments segment is projected to be the fastest-growing segments.
Geographically, Europe market for Food Additives is segmented into Germany, U.K., Spain, France and Italy. Europe is the second biggest market in terms of market share across the globe. Food Additives demand in the Europe region is increasing owing to growing importance of functional ingredients for incorporating properties such as emulsification, flavor, and extension of shelf life.
E.I. DuPont , Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE are the major players of Europe Food Additives market.
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