Food Additives Market - Forecasts From 2018 To 2023

Description

Food additives are substances added to food to either enhance its taste or appearance or to preserve it. Global food additives market is projected to reach US$41.670 billion in 2021, increasing from US$34.618 billion in 2016, growing at a CAGR of 3.78% during the forecast period. Factors driving the growth of this market are growing consumption of fast-food and beverages fueled by lifestyle changes, rising relevance of quality and nutrition in eating habits, stronger consumer-centric laws, and higher household consumption expenditure. Growing middle class in emerging economies and a larger global workforce are expected to strengthen growth in the market as food consumption expands. Over the forecast period, Europe is expected to be the largest market for food additives while Asia-Pacific is projected to witness the highest growth.

Research Methodology

This section provides an anatomy of the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report.

Market Dynamics

In this section, the entire market is explained along with various drivers, restraints, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

Food Additives Market has been segmented on the basis of type, application, and geography as follows:

By Classification

Natural

Synthetics

By Type

Flavors

Preservatives

Acidulants

Emulsifiers

Colors

Others

By Application

Bakery

Confectionary

Dairy and Milk

Beverage

Dietary Supplements

Instant Food

Meat and Poultry

By Geography

Americas

North America

South America

Europe Middle East and Africa

Europe

The Middle East and Africa

Asia Pacific

Market Players

The competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Arthur Daniels Midland Company (ADM), Novozymes, DuPont, and Cargill among others.