Food Additives Market is projected to grow at CAGR 6.34%

Food Additives Market is projected to grow at CAGR 6.34%

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on “Food Additives Market - Forecasts from 2020 to 2025” to their offering.

Increased interest in healthy foods, a penchant for natural additives and ingredients, rising incidence of non-communicable diseases, the growing trend of convenience snacking and ready-to-eat food consumption, rapid urbanizations and growing disposable income, among others are anticipated to propel the market to unprecedented heights. 

As per the report, the market pertaining to the Food Additives is expectedto reach US$50.326 billion by 2025, from US$34.807 billion in 2019.

Facilitating the mass production of flavorful, nutritious, safe, visually appealing foods and beverage products food additives, albeit constituting merely a small amount of the finished product, have emerged as an integral part of the food and beverage industry. They have a significant effect on the attributes of color, mouthfeel, shelf life, taste, texture, and visual appearance, among others of the finished product. Rewinding a bit to the genesis of the practice of these substances, it should be noted that right from the awareness of Sulphur dioxide’s disinfectant capabilities which were employed in wineries by Egyptians and Romans to the utilization of spices, salt, flavorings, and dyes, among others to make food more appetizing as well as to extend its shelf life food additives have been used for centuries. During the past few decades, fueled by the developments of food science and technology and the concomitant evolution of consumers’ tastes and preferences, the food and beverage industry has witnessed a substantial increase in the use of food additives.

In general, they are substances that are either derived naturally or developed synthetically and applied to food and beverage products to preserve the food quality because foods are subject to many environmental variables Viz. exposure to microbes, oxidation, and temperature fluctuations which can alter the original composition. There functions also aid in imparting product consistency, enhance nutritional values, enhance flavors, maintain the level of moisture, bring about modifications to the colorimetric appearance of a food product, impart a sweet taste in foodstuffs. Besides, COVID 19 has brought about a marked shift in rationale for consumption. To this end, it should be noted that before the pandemic the normal perception of snacks was that of comfort food which was functionally a meal replacement. Nevertheless, with longer duration of lockdowns, consumers have steered towards healthy snacks, with more immunity-enhancing ingredients and plants-based fortifications. This is expected to augment the need for product innovation by food and beverage manufacturers so that they can adapt to these evolving preferences which are expected to drive the food additives market as well.

Besides the aforementioned, there have been certain recent market developments pertaining to food additives that underscore the upward trajectory that has been forecasted for the market. For instance, in May 2020, Netherlands-based GNT Group has reportedly launched 2 new food colorings expanding its Exberry range that delivers bright orange shades and is commercially made available in powder and oil-dispersible formats.  This product launch was facilitated to allow manufacturers to utilize the organization’s orange shades in a broader range of applications. The powder version can be reportedly used in applications like bakery, non-aerated confectionery, and savory products whereas the oil-dispersible format is reportedly suitable for other fat-based applications, compound coatings, and spray-coated oil seasonings.

Above all being derived from paprika and carrots these additions adhere to the growing clean label movement. Earlier, in February 2020, under the brand name of ABG10+ as Madrid based organization Pharmactive Biotech Products has reportedly launched an aged black garlic extract intended for applications pertaining to functional food applications, that is made commercially available in powder form. Derived from garlic bulbs sourced from Spain, this black garlic extract is reportedly a highly stable and bioavailable biomolecule that assists in the reduction of oxidative damage through its superior antioxidant and cardioprotective properties. The process through which the product is obtained naturally enriches it polyphenols, and macromolecules, melanoidins, and polyphenol which collectively contribute to its antioxidant effects.

As a part of the report, the major players operating in the Food Additives market, which have been covered are Novozymes, Kerry Group, DuPont, Chr. Hansen, Cargill, and Arthur Daniels Midland Company (ADM).

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/food-additives-market

This report segmented the Food Additives market on the basis following terms

  • By Classification
    • Natural
    • Synthetics
  • By Type
    • Flavors
    • Preservatives
    • Acidulants
    • Emulsifiers
    • Colors
    • Other
  • By Application
    • Flavors Bakery
    • Confectionary
    • Dairy and Milk
    • Beverage
    • Dietary Supplements
    • Instant Food
    • Meat and Poultry
  • By Form
    • Online
    • Offline
  • By Geography
  • Americas
    • North America
    • South America
  • Europe Middle East and Africa
    • Europe
    • The Middle East and Africa
  • Asia Pacific