The Global Food
Additives Market is expected to demonstrate extensive growth with a
lucrative compound annual growth rate over the forecast period of 2012 to 2022.
The rising disposable earnings of the middle class are fueling the change
towards processed and convenience foods. It is intensifying the requirement for
food additives. In 2016, the global retail and food service market which
surpassed whooping USD 4.9 trillion sales is a key driving factor for the
global food additives industry. It
is also propelled by augmented costumers’ vulnerability to packaged beverages
and food. This is additionally supported by rising organized market and growing
urbanization in rural areas of developing countries of Africa, South America,
and Asia. Another key driving factor for the global food additives market is
the rising supply chain complications. However, robust organic campaigns, as
well as diminishing use of artificial chemicals due to undesirable effects on
health, are the factors that might hamper the growth of the global food additives
market over the future.
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Key
Market Players:
·
Archer
Daniels Midland Company
·
E.
I. du Pont de Nemours and Company
·
Novozymes
·
Tate
& Lyle PLC
·
Ingredion
Incorporated
·
Chr.
Hansen A/S
·
Cargill
·
Koninklijke
DSM N.V.
·
Ajinomoto
Co. Inc.
·
Adani
Wilmar ltd.
·
Kerry
Group
·
Bio
Springer S.A.
·
Givaudan
·
Lonza
Group
·
BASF
SE.
According to the product type,
the global market is split into; Sweeteners, Flavors & Enhancers, Enzymes,
Fat Replacers, Shelf- life stabilizers, Emulsifiers, and Other Products.
Geographically, the global food additives market is segmented into regions
which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe),
Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia
Pacific), North America (the United States, Mexico and Canada) and Rest of the
World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).
The global food additives market was evaluated around USD 35.50 billion
in the 2012 and is expected to reach approximately USD 61.63 billion by the end
of 2022 while registering itself at a compound annual growth rate (CAGR) of
5.09% over the forecast period.
Key findings of the food
additives market
- Enzymes
are expected to be the fastest growing section owing to its rising use in
food & beverage as it has low price than others artificial chemicals
as well as regulatory preference to limit greenhouse gas (GHG) emissions.
- Growing
consumption of emulsifiers in margarine, salad dressings, frozen desserts,
peanut butter, and chocolate is estimated to drive market growth.
- Players
like Mondelez International, Nestle, and Coca-Cola have amplified their
market existence in regions like India and Brazil where demand is high
through product advancements and strategic association with brand
partners.
- Key
players in the market are; Ingredion Incorporated, E. I. du Pont de
Nemours and Company, Novozymes, and Archer Daniels Midland Company.
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