Food Additives Market

Food Additives Market, By Source, Product Type,
Application, and Geography - 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.
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 2017 – 2025.
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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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related to emerging market trends, technologies, and potential absolute dollar
opportunity.
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