The Global Food Additives Market Is Predicted To Reach USD 59.9 Billion With A CAGR Of 5.75% According To Market Data Forecast Report

The Global Food Additives Market Is Predicted To Reach USD 59.9 Billion With A CAGR Of 5.75% According To Market Data Forecast Report

ID: 1523 | October 2018 | Region: Global

The Global Food Additives Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Food Additives Market is estimated to be USD 45.29 billion and predicted to rise to USD 59.9 billion with a CAGR of 5.75%. The market is segmented by Type (Acidulants, Anti-caking agents, Colors, Emulsifiers, Enzymes, Flavors, Hydrocolloids, Preservatives, Sweeteners), by Source (Natural, Synthetic), by Application (Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The market for food additives 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. This is done using food additives which not only enhances the taste, but also helps in preserving the products for a longer shelf life. But, the market growth can be hampered due to strict regulations by food administration agencies on the quality and quantity of food additives.

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.

North America is the biggest market in terms of market share across the globe, followed by Europe. 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. The Food Additives market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly influenced by consumer preferences for healthy eating, trend towards natural & organic foods in the emerging economies.

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 Global Food Additives market.

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