Food Additives Market 2024 Forecasts, Global Analysis – BASF, Cargil, DuPont, ADM, Ajinomoto, Adani Wilmer are Major Players
Global food additives market from bakery and confectionery application is projected to reach over USD 35 billion by 2024 as these additives are widely used in various bakery & confectionary applications which include cakes, biscuits & cookies, chocolates, sandwiches and breads.
Selbyville, United states – July 30, 2018 /MarketersMedia/ —
As consumers tend to lean more toward additive-infused packaged meals & products that add a unique blend of taste, flavor, texture, and appearance, food additives market is likely to gain tremendous momentum in the ensuing years. Driven by the robust demand for sweeteners, flavors & enhancers, bulk sweeteners, and the like, prominent F&B producers are gradually shifting their focus toward manufacturing emulsifiers, substitutes, and preservatives, catering to the consumer base that demands ready-to-eat packaged product with added taste and flavors.
This new report on food additives market lists its various applications in bakery and confectionary, beverages, dairy and frozen products, sauce and dressings amongst others. Rapid expansion of technology in the industry pertaining to consumers demand for healthy and organic product options will positively affect market growth. Asia Pacific food & beverage market was valued at over USD 3.0 trillion in 2016 and may witness gains at over 10%. Food additives derived from natural sources are easily available at minimal cost, which is providing a cost advantage to the manufacturers.
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Sweeteners Market is projected to surpass over USD 60 billion by 2024. Asia Pacific natural sweetener Market is likely to witness a significant gain at over 4.5% during the forecast timeframe. Food emulsifiers Market may witness a significant gain at over 4% during forecast timeline. They are widely used in processing and also to maintain freshness & quality. They can prevent the growth of moulds which will happen in case the oil and fat separated in low fat spreads.
Food additives Market from beverage application is projected to reach over USD 50 billion by 2024. They are widely used in various beverage applications including soft drinks, juices, coffee, and wines. Fumaric acid is used as an additive in alcoholic beverages, including spirits, beer, malt beverages, wine, wine coolers and low-alcohol beverages, thereby propelling the industry growth.
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North America driven by the U.S., Canada and Mexico food additives Market is expected to reach at USD 29 billion by 2024. The growing demand for confectionery and beverage products in North America due to hectic lifestyle, increased urbanization and growing retail and hospitality sector is in turn expected to drive the growth demand in the region.
Asia Pacific led by Japan, South Korea, India and China food additives Market is expected to reach at USD 40 billion by 2024. Rising awareness about high nutritional diet and increasing need to impart ethnic taste are playing a key role in accelerating demand in the region. The Indian food processing industry is expected to grow with a rapid pace over forecast period. This creates a highly conducive environment for growth of the regional market, buoyed by rapid economic growth in emerging economies of India and China.
Food additives market share is concentrated with various players including BASF, Cargil, DuPont, ADM, Ajinomoto and Adani Wilmer are the prominent industry participants. High R&D spending by manufacturers towards comply with environmental regulations may improve & expand product diversification thereby stimulate industry growth.
Complete report for 2018-2024 on food additives market is now available at
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Another research titled ‘Global Food Additives Colors Sales Market Report 2018’ displays the production, revenue, price, market share and growth rate for natural pigments as well as synthetic pigments food, cosmetics, medical devices and drugs end use / applications. Companies like AMERICOLOR CORP., Vidhi Dyestuffs Mfg. Ltd., Vinayak Ingredients, Kolorjet, IACM, AJANTA CHEMICAL INDUSTRIES, Neelikon, Food Ingredient Solutions, Dynemic Products, SUN FOOD TECH, Aarkay, Sethness, DDW, Three-A, Amano, KF, FELIX, Qianhe and Aipu are discussed in this research available at https://www.marketstudyreport.com/reports/global-food-additives-colors-sales-market-report-2018
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