(Food-Beverage-News.Com, June 04, 2018 ) Food Additives Market 2018-2023: The Food Additive Market is anticipated to register a CAGR of 6.3%, during the forecast period (2018-2023). India and China are among the largest food processing countries in the world and their rising population is driving the need for food security which is a major factor for processed & packaged food, and, in turn, for the food additives players.
Major players- ARCHER DANIELS MIDLAND, ASSOCIATED BRITISH FOODS, BASF, CARGILL, INC., CORBION PURAC, DD WILLIAMSON & CO INC., DSM, DUPONT- DANISCO, FIRMENICH, GIVAUDAN, INTERNATIONAL FLAVORS AND FRAGRANCE, KERRY GROUP, NOVOZYMES, PALSGAARD, ROQUETTE, SENSIENT TECHNOLOGIES, STEVIA FIRST CORPORATION, TATE & LYLE PLC., among others.
Companies Mentioned: Archer Daniels Midland, Associated British Foods, BASF, Cargill, Inc., CorbionPurac,DD Williamson & Co Inc., DSM, Dupont- Danisco, Firmenich, Givaudan, International Flavors and Fragrance, Kerry Group, Tate & Lyle Plc.
Market Dynamics: Increasing disposable incomes, working populations and busy lives are driving consumers toward convenience food category. However, growing consumer awareness on adverse impacts of chemical additives is pressurizing the food & beverage industry to introduce natural additives category. The food additives ingredients markets sees opportunity coming in the form of rising innovations to meet the nutraceutical ingredients market requirements. However, the several complexities are restricting the growth of Asia-Pacific food additives market.
Market Segmentation: By type, the acidulants market is expected to register highest CAGR growth rate of 8.2%, during the forecast period. The enzymes market was valued USD 378 million in 2016 and by type, the food enzymes segment can be further categorized into carbohydrases, lipases, and proteinases. The region is expected to witness highest growth rate of 7.1 % in hydrocolloids market, owing to changing lifestyles of consumers and increasing awareness of nutritional food. The hydrocolloids market can be further divided into starch, xanthum gum, gelatine gum, and others. Within preservatives, natural antioxidants segment is expected to witness CAGR growth rate of 4.6% during the forecast period. By application in the emulsifier segment, dairy and frozen industry is anticipated to register CAGR of 5.9%, during the forecast period.
Regional Analysis: India and China, account for the high growth rate in the preservative market because of increasing population and changing food habits. The other countries in the region, such as Indonesia and Philippines serve as platform for sourcing of raw material for several segments of food additive market including food hydrocolloids, enzymes, and colorant market.
Key Developments: March 2016- Sensient Technology had opened flavors and colors application center in Singapore to cater to consumers demand for local formulations from its global portfolio of flavors, colors, and fragrances.
Reasons to Purchase Food Additives Market Report: Analyzing outlook of the market with the recent trends and Porters five forces analysis Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players 3-month analyst support, along with the Market Estimate sheet (in excel)
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Table Of Content: 1. Introduction 2. Research Approach & Methodology 3. Market Dynamics 4. Market Segmentation 5. Competitive Landscape Overview 6. Company Profiles
