Switch towards processed products drives the growth in Global Food Additives Market

1. Global Food Additives Market predicted to cross USD 55 billion by 2025 Market overview: The global Food Additives Market was worth USD 37.91 billion in 2019, and it is estimated that it will reach a valuation of USD 55.53 billion by 2025 at a CAGR of 6% during the outlook period. Food additives are substances that are added to food to help improve its function as a color, flavor, texture or chemical preservative, appearance, or processing aid. Food additives offer a variety of benefits, such as preventing food spoilage during transportation, storage, distribution, or processing. Food additives are in high demand due to the wide range of requirements from the global food industry, end consumers and regulatory agencies. Recent developments: Tate & Lyle PLC, a major player in the food additives market, has launched an ultra-low-calorie sugar through a proprietary process and enzymatic conversion of corn. Market Drivers and Restrains: Along with growing demand for food, population growth is expected to be a major driver of the global food additives market. Also, the growing demand for premium foods, especially in developed countries, is expected to play an important role in the growth of the food additives market. Besides, consumer demand for better quality foods is expected to drive the growth of the global food additives market in the future. Interest in generic food additives is expected to increase significantly as shoppers become more wellness conscious and recognize the harmful effects of manufactured food tones. Since there is no real option for food additives, the development of the food and beverage industry can have a decisive influence on the development of the global market. The global food additive market is expected to maintain an immediate relationship with the food and beverage sector as a prominent end-user for years to come. The global market for food additives is expected to dominate its fragmented nature as there are many organizations joining the food business and a wide range of accessible items. Well-being problems, for example obesity among young people and even

2. adults, will help the market to demand useful food additives. Moreover, emerging markets around the world are expected to be an opportunity for the food additives market in the near future. However, the limited availability and high cost of natural additives are expected to contribute to restricting the market for food additives. Strict environmental regulations, such as the FDA, for additives used directly in processed foods and food contact materials, such as food packaging products, are expected to hamper market growth. To know more read: https://www.marketdataforecast.com/market-reports/global-food-additives- market Report is segmented as: By type, the food additives market can be segmented into hydrocolloids, flavorings, colorants, acidulants, preservatives, emulsifiers, and sweeteners. Growing consumer demand for low-salt and sugar-free products is expected to drive growth due to the health benefits. In 2018, the flavors segment held the largest market share in the food additives market. By application, the food additives market is segmented into beverages, bakery and confectionery, sauces, spices and condiments, dressings, dairy and frozen desserts, prepared foods, etc. Depending on the source, the food additives market is segmented into artificial and natural food additives. The demand for artificial food additives is expected to increase rapidly during the forecast period. Geographical Segmentation: North America had the largest market share in 2019 due to excessive demand from the United States, which was followed by Europe. Changes in consumer preferences and growing demand for healthy, natural and organic foods are expected to drive the market in the region. Europe is also expected to grow at a remarkable growth rate during the outlook period. Latin America is expected to grow at a profitable rate, especially due to the growth of Brazil. Key market players:

3. The key players operating in this market are Tate & Lyle PLC., International Flavors and Fragrances, CHR. Hansen Holding A/S, Ajinomoto Co Inc., Kerry Group Plc, BASF SE, etc. View sample and decide: https://www.marketdataforecast.com/market-reports/global-food-additives- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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