Food Additives: A Global Strategic Business Report
San Jose, California (PRWEB) March 07, 2014
Follow us on LinkedIn – Fueled by growth in the food and beverage industry, demand for food additives is expected to register significant growth in the coming years. Spurred by the growing focus on natural products, naturally-derived food additives witnessed immense popularity over the last few years. Strong demand for processed foods also benefitted demand for customized food additive solutions. The market is currently being buoyed by growing consumer preference for healthier, low-calorie, and low-fat foods. The need to reduce fat and calorie content in packaged food is encouraging R&D investments in food additives. Technological innovations such as improvements in color and flavor extraction and advances in enzyme engineering are expected to play a major role in developing advanced and novel food additives.
As stated by the new market research report on Food Additives, Europe represents the largest regional market worldwide. Despite the prevailing economic uncertainties, growth in Europe is led by Germany, the UK, France, and Italy. Asia-Pacific and Latin America are forecast to spearhead growth in the global market led by changing lifestyles, evolving food habits, and the resulting rise in demand for processed food and beverage products. Lured by the region’s favorable growth prospects, several producers have established operations to benefit from low-cost structures, and simultaneously gain access to a wider range of raw materials.
Flavors and flavor enhancers represents the largest segment in the global food additives market. The segment is buoyed by rising preferences for Asian and Mexican spices as well as savory products. Preference for healthy food products and the subsequent need to improve consumer experience is a key factor promoting flavor innovations. Fat replacers represents the fastest growing segment with sales projected to grow at a compounded annual rate of 5.5% over the analysis period. Growth is largely driven by rising preference for low-fat and low-calorie food products against the backdrop of rising obesity rates and obesity related diseases. Emulsifiers represents the second fastest growing market, driven by increased demand for lecithin, one of the most popular natural emulsifiers due to its superior performance and unmatched functionality.
Major players covered in the report include Ajinomoto Co. Inc., Ashland Specialty Ingredients, Archer Daniels Midland Company, Associated British Foods Plc., PGP International Inc., AVEBE U.A., Bio Springer, BASF SE, Cargill Inc., Chr. Hansen A/S, Corbion Purac, CP Kelco U.S. Inc., Danisco A/S , Edlong Dairy Technologies, Firmenich, FMC Biopolymer, GELITA AG, Givaudan SA, Griffith Laboratories, Ingredion Incorporated, International Flavors & Fragrances Inc., Kalsec Inc., Kerry Group, Kraft Food Ingredients Corporation, Land O'Lakes, Inc., McCormick & Company Inc., Novozymes A/S, NutraSweet Company, Red Arrow International LLC, Royal DSM N.V., Rudolf Wild GmbH & CO. KG, Sensient Technologies Corporation, Sethness Products Company, 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 current market trends, key growth drivers, segmental analysis, regulations, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections for all major geographic markets, such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), the Middle East, Latin America (Brazil and Rest of Latin America), and Rest of World. Key product segments analyzed include Acidulants, Fat Replacers, Sweeteners, Vitamins & Minerals, Colorants, Flavors/Flavor Enhancers, Hydrocolloids, Emulsifiers, Preservatives, Enzymes, and other categories of food additives.
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