- Opportunity and Forecast, 2016 - 2025
Food additive are substances that enhance taste or appearance of food and preserve its flavor. Although numerous additives, such as salting or pickling, have been in use since long, artificial additives have made their way owing to the advent of processed food. Flavor enhancers, emulsifiers, antioxidants, color retention agents, and others are few types of additives available in the market. Furthermore, while using food additives, manufacturers ensure that the quality of the food is not compromised, with the addition of micronutrients to preserve its nutritional value.
Growth of the food & beverage industry and increase in demand for packaged foods drive the market growth. However, growth of the organic food market is expected to pose challenges to this growth. Increase in domestic consumption, new product launches, and growth in population pave way for new opportunities for growth in the industry.
The global food additives industry is segmented on the basis of product type and geography. By product type, the market is classified into sweeteners, flavors & enhancers, emulsifiers, enzymes, fat replacers, shelf-life stabilizers, and others. Regionally, it is studied across Europe, North America, Asia-Pacific, Latin America, and Middle East and Africa.
Key players operating in this industry are ADM, Ingredion, DuPont, and Novozymes, Chr. Hansen, Koninklijke DSM, Tate & Lyle, Cargill, Ajinomoto, BASF, Pasgaard, Bio Springer, Adani Wilmar, and others. These players have implemented joint ventures, partnerships, collaborations, expansion, new product launches, mergers & acquisitions, and others to strengthen their position and sustain in the industry.
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