HYDERABAD, India, November 22, 2016 /PRNewswire/ --
According to the report "Food Additives by Type, by Source, by Application and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016-2021)", published by Market Data Forecast, the global market is projected to reach USD 53.56 billion by 2021, at a CAGR of 5.75% from 2016 to 2021.
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Food additives are substances added to various food products for enhancing their appearance and taste or for preserving their flavor. A variety of food additives are being utilized, such as vinegar for the preservation of food by pickling, sulfur dioxide for wines, salting as in the case of bacon, etc.
The market growth for food additives is mainly driven due to growing concerns towards food safety due to contamination, rising health concerns, consumer demand for better quality, and increasing consumption of premium food products, which involves the use of food additives for quality enhancing and preservative purposes.
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Global market for Food Additives is segmented based on Type, Source and Application into further sub-segments as follows:
- Anti-caking agents
- Bakery & confectionery
- Convenience foods
- Dairy & frozen desserts
- Spices & condiments
- Sauces & dressings
Geographically, the market for Food Additives market is segmented as below:
- North America Food Additives Market
- Europe Food Additives Market
- Asia-Pacific Food Additives Market
- Latin America Food Additives Market
- Middle-East and Africa Food Additives Market
E.I. DuPont, Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE are the major players of Global Food Additives market.
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The Food Additives Market study offers the following deliverables:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter's five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Additives Segment:
Baking Enzymes Market:
Food Preservatives Market:
Food Flavors Market:
Gourmet Salts Market:
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