Global Food Additives Market Size Status and Forecast 2025, the report classifies the Food Additives in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. The market report analyzes and researches the Food Additives Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Global Food Additives Market size is estimated to reach USD 68.34 billion by 2025. Increased consumer demand for packaged, convenient, and processed food products has increased consumption of food additives over the past few years. World processed food market size was valued at over USD 2 trillion in 2017. Changing lifestyle coupled with increased per capita spending in developing economies is expected to increase food additives market reach over the projected period.
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Growing consumption in food & beverage industry to maintain and improve its freshness and enhance aroma, flavor, appearance, texture, and taste is expected to increase its demand over the coming years. Over the past few years, increased working women population coupled with increased dependency on the ready meal and processed foods has increased the popularity of food additives. Growing economy coupled with changing dietary habits in developing countries such India, China, Indonesia, and Brazil is expected to strengthen food & beverage industry, which in turn is expected to increase consumption of food additives over the projected period.
Food Additives Market: Key Players
Cargill, Ajinomoto Co., Inc., Archer Daniels Midland Company, BASF SE, Mitsubishi International Food Ingredients, Inc., Tate & Lyle, Chr. Hansen A/S, Ingredion, DowDuPont and Lonza.
Asia Pacific was the fastest growing region in terms of consumer spending on eating out from period 2006-2017. Asia Pacific accounted for more than 20% of the global food additives market share in 2017. Growing confectionery and bakery industry in India, China, Japan, Indonesia, and Singapore is projected to offer a lucrative market opportunity for food additives manufacturers over the coming years.
Manufacturers operating in this industry are adopting M&A strategy in order to strengthen their distribution network and increase production capacity to stay competitive in the food additives industry. For instance, in June 2015, Archer Daniels Midland Company, an American food processing company, acquired seed and nut processing assets from California Gold Almonds, LLC. Availability of raw materials from California Gold Almonds will help Archer Daniels Midland Company to increase their production capacity for nuts and seeds.
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Food Additives Market: Segmentation
The Food Additives Market is segmented based on type, end-use industry, and regions:
Product Overview, 2015-2025 (USD Million)
• Flavors & enhancers
1. Natural flavors
2. Artificial Flavor & Enhancers
3. Others (Sugar, Natural)
1. Mono, Di-Glycerides & Derivatives
3. Stearoyl Lactylates
4. Sorbitan Esters
• Shelf- life stabilizers
• Fat replacers
Regional Overview, 2015-2025 (USD Million)
• North America
• Latin America
• Middle East & Africa
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