Food Additives

Food Additives Market, By Source - Insights, Opportunity Analysis,
and Industry Forecast till 2025
Food additives are substance added to food to enhance its taste, quality, appearance, and
preserve the food from bacterial effects. Food additives are broadly categorized as
acidulents, acidity regulator, antioxidants, antifoaming & foaming agents, emulsifiers, flavor
enhancers, color retention agents, stabilizer, and sweeteners. Growing demand for
convenience and organic food in North America and Europe is expected to fuel growth of the
market for food additives. Increasing awareness about foodborne diseases that can be kept
at bay by effective use of additives and increasing health consciousness among the general
populace in Europe and North America is expected to boost growth of the market. This is
further augmented by increasing consumer inclination towards natural food ingredients such
as natural flavoring agents, organic preservatives, natural coloring, and stevia-based
sweeteners. Natural food additives segment is expected to dominate the market through
2025, according to the stats provided by Coherent Market Insights.
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Rampant urbanization and increasing disposable income in Asia Pacific is expected to boost
the market for food additives. Also, changing lifestyles characterized by increasing
consumption of ready-to-eat food products and increasing number of women workforce
tends is increasing consumption of convenience food, and in turn food additives extensively
used in them. As per statistics released by the India Brand Equity Foundation (IBEF)—a
Trust established by the Department of Commerce, Ministry of Commerce and Industry,
Government of India—the Indian food processing industry is expected to reach US$ 130
billion by 2024. This creates a highly conducive environment for growth of the food additives
market, buoyed by rapid economic growth in emerging economies of India and China.
The global food additives market was valued at US$ 45.05 billion in 2016 and is expected to
expand at a CAGR of 4.47% during 2018 – 2025.
Stringent Government Regulations
Stringent government regulations is expected to be one of the key challenges for food
preservatives market. For instance, on June 20, 2016, The Government of India’s (GOI)
Food Safety and Standards Authority of India (FSSAI), banned use of potassium bromate
and cyclamates in food. Moreover, The Government of the Hong Kong Special
Administrative Region, on July 1, 2008, introduced new regulations to control the use of
preservatives and antioxidants in food. Also, the National Health and Family Planning
Committee of China introduced the National Food Safety Standard for Food Additive Use
(GB2760-2014), which was implemented on May 24, 2015. On July 14, 2014, the European
Union (EU) implemented the European Food Information to Consumers Regulation No
1169/2011 (FIC). On April 1, 2016, U.S. Food & Drug Administration, introduced a regulation
against use of perfluoroalkyl ethyl containing food contact substances such as oil and water
repellants for paper and paperboard for use in contact with aqueous and fatty.
Regional Insights
North America, followed by Europe and Asia Pacific, respectively, accounted for major share
in the global Food Additives market in 2016 and the trend is projected to remain the same
over the forecast period. In 2016, North America accounted for 33.10% share, followed by
Europe with 28.10% share. The growing demand for meat and confectionery products in
North America due to hectic lifestyle, increased urbanization and growing retail and
hospitality sector is in turn expected to drive growth of the global food additives market over
the forecast period. According to a study conducted by Coherent Market Insights, the global
meat, poultry & sea food market is expected to witness a CAGR of 4.47% from 2017 to
2025, which creates a highly conducive environment for growth of the global food additives
market.
Multinational players need to tap potential addressable market in the emerging
regions with the help of geographical expansion
Major players in the global food additives market include E.I. DuPont, Archer Daniels
Midland Company, Cargill, Hansen Holding A/S, Kerry Group Plc, BASF SE, Ingredion
Incorporated, Novozymes A/S, and Tate & Lyle PLC.
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Food Additives Market report categorizes global market by Source (Natural, Synthetic), Product Type (Sweeteners, Flavors and Enhancers, Colorants, Enzymes, Food Preservatives, Fat Replacers), Application (Dairy Products, Meat, Poultry and Sea Food, Bakery, Beverages, Confectionery), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2025