We estimate that strong growth will result in a forecast US$33.3bn value by 2012
Bromsgrove, Worcestershire (PRWEB) July 31, 2007
According to the leading online food industry website http://www.just-food.com the global food additive market will reach US$25.3bn in 2007.
"We estimate that strong growth will result in a forecast US$33.3bn value by 2012," commented Helen Lewis, the author of this latest just-food report (Global market review of food and drinks additives - forecasts to 2012). "Price cuts across the additives market are having a major impact on value sales although, according to just-food estimates, all of the sub-sectors will experience growth in value over the next five years."
Over 3,000 additives are estimated to be used globally within food and drink products and with the consumption of processed food increasing year-on-year food and drink industries need to consider the trends that will influence the market through to 2012.
just-food's first edition report provides an insight into the additive market, which has attracted huge investment, interest and controversy over the past 50 years following the introduction of mass-production, and large scale processing in the food and drinks industry.
According to just-food in the 1980's and 1990's, pharmaceutical companies dominated the additives market but in 2007 the market is more consolidated, with specialist companies such as Ajinomoto, Danisco and Sudzucker AG.
As the market is influenced by global, regional, and local legislation combined with changing consumer tastes and the evolving food and drink industry it is important for the major players to stay on top of the trends and legislative guidelines.
This report provides 70 pages of global market data, textual analysis and company profiles. The full just-food report 'Global market review of food and drinks additives -- forecasts to 2012' is available for purchase from just-food's online research store at http://www.just-food.com/foodadditives.
Since 1999, http://www.just-food.com has developed into the leading and most respected growing food industry trade sites globally. The site's unique news and research content is produced and sourced via a dedicated editorial team, worldwide network of correspondents and content partnerships. In addition, the http://www.just-food.com research store provides instant access to over 4,000 market research reports.