Global Food Additives Market
- MAR2979255
- 212 Pages
- May 2018
- Food and Beverages
Market Dynamics
The packaged food industry recorded $2.46 trillion retail sales in the current year. The global market for food additives is expected to grow at a CAGR of 5.6% over the forecasted period, reaching to around USD 65.6 Billion by 2022.
Increasing disposable income, rising standard of living, improved awareness on ease & convenience of use of packaged food, and ease of synthetic production of material are some of the major factors driving the growth of global food additives market.Another major driving force in this industry is the growing supply chain complexity in the form ofthe transportation costs, storage facilities and last mile reach of products, which emphasizes the need for food additives in order to reduce wastage & costs.
Inspite of all the growth drivers, major restraining force comes from stringent US regulatory standards that are globally accepted in the industry for food additives.
Market Segmentation
Food additives market can be segmented as follows:
By Type - Flavours, Colours, Acidulates, Emulsifiers, Preservatives and Sweeteners. Currently, the flavours type accounts for the biggest market share, followed by sweeteners. Food preservatives are expected to witness the fastest growth over the forecasted period, along with sweeteners.
By Source - food additives are classified into Natural and Synthetic food. With the increasing disposable income, synthetic food segment is expected to witness the fastest growth, especially in the emerging economies.
By Application - Beverages, Bakery & Confectionery, convenience foods, Dairy & Frozen Dessertsand sauces, dressings, spices & condiments. Demand for dairy & frozen products account for the largest market share, while sauces & dressings are witnessing the fastest growth in the recent years.
Regional/Geographic Analysis
60% of the processed food market is constituted by the matured markets of developed economies.In the global food additives market North America accounts for the maximum market share, followed by Europe. US market has seen an increasing demand for gums, candiesand other confectionary products, further fuelling the demand for emulsifiers, sweeteners and colorants.
In the Asia Pacific region, with the increasing acceptance of packaged food in light of convenience& ease of use, demand for food additives has seen a steep rise and is expected to witness an exponential growth in the years to come
Key Players
Some of the players with a strong market portfolio in the global food additives industry are: E.I. DuPont (U.S.), Cargill, Archer Daniels Midland Company (U.S.),Kerry Group Plc (Ireland), CHR. Hansen Holding A/S (Denmark), and BASF SE (Germany) and many others.
Report Contents:
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players
Regional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Russia
>> Poland
>> Rest of Eastern Europe
> Asia Pacific
>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
 
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