Market Report on Food Additives [2020]

Nov 10 2015 Mumbai, India: Bharatbook.com announces a report on “ Global Forecast : Food Additives Market Report [2020] ”. The multi-functional properties of food additives are an added advantage and have resulted in its growing consumption across the globe.

This report estimates the size of the global food additives market in terms of value. The importance of food additives may be attributed to growing consumer demand for better quality food products, products with extended shelf-life & natural ingredient content, growing demand for convenience food, and rise in the consumption of premium food products. The multi-functional properties of food additives are an added advantage and have resulted in its growing consumption across the globe.

The food additives market is projected to reach USD 52.2 billion by 2020 at a CAGR of 5.6% during the forecast period. In this report, the food additives market is segmented by type, source, application, and region. North America accounted for the majority share of the global food additives market. Food additives have been of immense importance in developed markets, mainly North America and Western Europe, while the emerging markets of Asia-Pacific and Row show potential in terms of significant growth rates between 2015 and 2020.

A key trend in the food additives market is the growing demand for natural additives derived from plants, animals, and microorganisms. Though synthetic additives accounts for the majority share, especially in case of flavors and preservatives, consumption of natural alternatives have prevailed in cases of additives such as colors, hydro colloids, emulsifiers, and enzymes, among others. Furthermore, the growing number of consumers over the years have demanded food products with “no additives” or natural ingredients, or have switched to organic food products, thereby restricting the market growth. This has forced the food industry to develop ingredients that cater to the diverse requirements of...