Food Additives Market Size, Share & Trends Analysis Report By Product Flavors &

Posted by Renewable Chemicals on June 1st, 2021

Market Overview

Due to rising demand for flavors, and preservatives in the food industry, the market of food additives is growing at an incremental pace globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Food Additives Market Research Report- Forecast to 2027 that the market will demonstrate an exponential growth while achieving billion-dollar growth rapidly in the forecast period.

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.

Competitive Landscape

The key players profiled in Food Additives Market are 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 many others.

Market Segmentation

The global food additives market has been segmented based on product type, source, application, and region.

The global food additives market has been classified, based on product type, into colors, flavors, enzymes, hydrocolloids, preservatives, and others.

The global food additives market has been divided, based on source, into natural and synthetic.

The global food additives market has been classified, based on application, into bakery & confectionery, beverages, dairy & frozen desserts, soups, sauces & dressings, sweet & savory snacks, and others.

The global food additives market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American food additives market has further been segmented into the US, Canada, and Mexico.

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Regional Analysis

The global food additives market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global food additives market is highly dominated by North America and Europe due to high demand for food commodities and increased health consciousness supporting the sales of natural ingredients. APAC is the fastest growing region due to changing lifestyle and improved disposable income in that region. The consumption of food additives in countries like Germany, the U.S., India, Brazil, and China is expected to grow in the upcoming years.

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