The global food additives market is increasing due to increased demand for food additives in food and beverages industry. Growing health concerns among the global population, together with the increasing awareness about the benefits of consuming food additives are the key driving factors for the growth of food additives market. In addition to the changing lifestyle, the growing demand for food, beverages, and confectionery is expected to drive the global food additives market.
Global Key Players and Competition Analysis
Some of the key players profiled in the global food additives market: BASF SE (Germany), Cargill Inc. (U.S), Archer-Daniels-Midland Company (U.S.), Kerry Group Plc. (Ireland), E. I. du Pont de Nemours and Company (U.S.), Evonik Industries AG (Germany), and Tate & Lyle Plc. (U.K.), among others.
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The global food additives market is segmented into type, source, and application. Based on type, the market is segmented into colors & flavors, enzymes, preservatives, sweeteners, stabilizers & thickeners, and others. Based on source, the market is segmented into natural and synthetic. Based on application, the market is segmented into beverages, bakery & confectionery, sweet & savory snacks, dairy & frozen desserts, and others.
North America will witness maximum growth in the Food Additives Market followed by Europe and Asia Pacific. In terms of value, the market size of North America will continue to be high with more than half of the market share. The increasing per capita disposable income in India and China and growing demand for nutritional food will boost the food additive market growth.
Food additives are used in food & beverages industry for various such as colors, flavors, enzymes, preservatives, sweeteners, stabilizers, and thickeners. The consumer’s demand for safer and more nutritious food in the form of nutritive additives is expected to drive the growth of food additives market
Browse the market data and information spread across 160 pages with 47 data tables and 12 figures of the report “Food Additives Market Research Report – Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/food-additives-market-1383
May 2017 Whole Earth Sweetener Company, launched their new stevia range in the U.K. The company’s strategy is to suffice the rising demand for natural sugars based on escalating health consciousness among the consumers.
Mar 2017 Encouraging manufacturers to enter production of natural sweeteners as a potential food additive, ED&F Man and Unavoo launched natural sweetener breakthrough that cuts sugar by 100%. The product claims to have high potential as sugar replacer.
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