Growing Popularity of Convenience Foods & Increased Health Consciousness Drives the Food Additives Market, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on the Food Additives markets. The global Food Additives market is projected to reach $37.7 billion by 2018, driven primarily by the increased focus on health and nutrition, especially the need to control the spread of diabetes, obesity and food allergies; the emergence of value-added products; the need for convenience; and the commercialization of new products. In addition, continuing trend towards low-calorie, low-fat foods, and the increasing demand for "all natural" products is propelling the demand for fat replacers and foods that incorporate natural additives. Demand for Food Additives is also driven by the increasing popularity of processed food in the developing countries.

Food Additives: A Global Strategic Business Report

Follow us on LinkedIn – Food additives represent a global, multi-billion dollar market, dominated by additive categories, including flavor and flavor enhancers, hydrocolloids, acidulants, and emulsifiers. There are several factors that are directly or indirectly driving the global food additives market. These include concerns related to food safety; health and nutrition, especially the need to control the spread of diabetes, obesity and food allergies; the emergence of value-added products; the need for convenience; the continued increase in raw materials and energy costs; commercialization of new products; and the need to make significant investments in research and development and in securing regulatory approvals. Other factors driving the food additives market include the adoption of sophisticated food processing methods by developing countries, restructuring of food processing companies, and a demand for more complicated food ingredients by processors, which are fuelling the demand for food additives.

Consumer preference is clearly favoring natural additives over synthetic additives. The categories benefiting the most and also affected the most due to the "naturals" trend include colors and flavors, where natural additives are gaining over synthetic additives. For instance, despite the higher cost and limitations, natural colorants are witnessing robust growth in the food colorants market. The trend is more or less similar in the flavors and flavor enhancers market, where demand for natural flavors is driven by consumer perception that naturals have health benefits. Natural flavors and flavor enhancers, such as monosodium glutamate and ribonucleotides, are likely to benefit from this trend. However, this trend has given rise to a situation where food additive makers are being pressurized to develop additives from natural sources, which is proving to be a daunting task for manufacturers operating in this space. Another prominent trend stimulating market expansion is the growing consumer fondness for the highly processed food products, making food makers demand more customized solutions from food additive suppliers. Additionally, there is a continuing trend towards low-calorie, low-fat foods favoring additives that help reduce overall fat content in foods. This trend is benefiting additives, such as sweeteners, emulsifiers, hydrocolloids, and vitamins and minerals.

Going forwards, innovations in food products and new processes, government regulations, and consumer awareness about health and hygiene would continue to influence the global food additives market. While consumers dictate trends in foods and beverages, the food additives market is expected to face all-too-familiar challenges in future. These may include delivering foods to new markets quickly and cheaply, developing quality products at affordable rates, adopting new packaging techniques, and increasing consumer awareness regarding the safety of new preservation methods.

The United States dominates the global market, as stated by the new market research report on Food Additives. Americans are particularly conscious of the calorie content, and hence low-calorie, low-fat foods are popular in the US. This indicates a growing demand for food additives, such as fat replacers, artificial sweeteners, and hydrocolloids. The US remains the largest market for flavors and flavor enhancers. Regionally, the fastest growth is expected to emanate from the Asia-Pacific region, with countries such China and India expected to be chief contributors spearheading growth in the region. Growth in the food and beverage industry, improvement in trading scenario, and increase in foreign-local joint ventures are providing the necessary impetus to the food additives industry in the Asia-Pacific region. Flavors and Flavor Enhancers represent the largest segment in the global food additives market. Acidulants represent the fastest growing market, registering a compound annual growth rate of 5.6% over the analysis period. Other segments exhibiting encouraging growth potential include fat replacers, emulsifiers, hydrocolloids, and enzymes.

The global food additives industry is highly fragmented, with a wide range of products and large number of players addressing a single end-user, the food industry. There are all sizes of additive makers, including small-, mid- and large-size, operating in the industry with each having a different product and market focus. Key players profiled in the report include Ajinomoto Co. Inc., Ashland, Archer Daniels Midland Company, Associated British Foods Plc., ABF Ingredients Ltd., ACH Food Companies Inc., PGP International Inc., AVEBE U.A., BASF SE, Cargill Inc., Chr. Hansen A/S, CP Kelco U.S. Inc., Danisco A/S, Edlong Dairy Flavors, Royal DSM N.V., Firmenich SA, FMC BioPolymer, GELITA AG, Ingredion Inc., Givaudan SA, Griffith Laboratories, International Flavors & Fragrances Inc., Jungbunzlauer AG, Kalsec Inc., Kraft Food Ingredients Corporation, Land O'Lakes Inc., McCormick & Company Inc., Novozymes A/S, NutraSweet Company, Purac America Inc., Red Arrow Products Company LLC, Royal DSM N.V., Rudolf WILD GmbH & Co. KG, Sensient Technologies Corp., Sethness Caramel Color, Symrise GmbH & Co. KG, Takasago International Corporation, Tate & Lyle PLC, and TIC Gums Inc., among others.

The research report titled “Food Additives: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the food additives market, current market trends, growth drivers, market challenges, Competitive scenario, along with market share of leading players, product segment analysis, recent product introductions/innovations, strategic corporate initiatives, and profiles of major and niche global and regional market participants. The study analyzes market data and analytics for the period 2010-2018 in terms of value sales for regions, including The United States, Canada, Japan, Europe, Asia-Pacific, the Middle East, Latin America, and Rest of World. Key market segments analyzed include Acidulants, Fat Replacers, Sweeteners, Vitamins & Minerals, Colorants (Natural Colorants and Synthetic Colorants), Flavors/Flavor Enhancers, Hydrocolloids, Emulsifiers, Preservatives (Antimicrobials and Antioxidants), Enzymes, and Others. Historic market analytics are also provided for the years 2004 through 2009.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Food_Additives_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website