Food Additives Market is at the cusp of crossing USD 53.56 Billion in 2021 | Mar

Posted by rohan on April 10th, 2018

Overview

Food additives are substances that are added to food so as to enhance its specific characteristics such as aroma, consistency, taste, color texture, shelf life, etc. There are 2 main varieties of food additives accessible within the market, direct and indirect food additives. Direct additives are employed to alter the actual property of the food adore style, whereas the indirect additives are utilized for the aim of storing, packaging, and handling the food.

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The global Food Additives Market is estimated to have a value of USD 40.5 billion in 2016. With a CAGR of 5.75%, the market size is expected to grow rapidly to cross USD 53.56 billion by 2021. The rising population, growing demand for food, want for food preservation, growing concerns towards food safety thanks to contamination, rising health issues, shopper demand for higher quality are some of the factors driving the market.

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Drivers and Restraints

The increasing growth of the food trade and therefore the rising preference for natural additives instead of artificial additives are amongst the outstanding factors fueling the expansion of the marketplace for food additives. However, growth opportunities for artificial additives are still seen inside developing nations. Additionally, the increasing health issues have resulted in the rising demand for safe food additives, thus pressuring the manufacturers to develop innovative solutions. On the opposite hand, the strict pointers and laws concerned within the usage of food additives could restrain the expansion of the market within the returning years.

The flavors section accounted for the most important market share in the past few years followed by the sweeteners section within the food additives market. Flavors and sweeteners are witnessing vital growth as a crucial element in food merchandise because of the wide range of availability of flavor choices, which entice the consumers.

Regional Overview

North America is that the biggest market in terms of market share across the world, followed by Europe. Food Additives demand within North America is increasing as a result of growing importance of useful ingredients for incorporating properties consisting of emulsification, flavor, and extension of time period.

The major market contributors for the global Food Additives Market are E.I. DuPont, Archer Daniels Midland Company, Cargill, Incorporated, and CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE

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