Food Additives Market Set to Grow at 5.6% CAGR to 2020 With Increasing Demand for Processed Foods

Nov 16, 2015, 07:30 ET from ReportsnReports

PUNE, India, November 16, 2015 /PRNewswire/ --

The food additives market is projected to reach $52.2 billion by 2020 at a CAGR of 5.6% with North American region dominating the worldwide industry in 2014, where the U.S. dominated the regional market with ~78% share in 2014.

Complete report on the food additives market spread across 175 pages, profiling 10 major companies and supported with 83 tables and 70 figures is now available at .

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.

In this report, the industry is segmented by type, source, application, and region. 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 has prevailed in cases of additives such as colors, hydrocolloids, 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 processors as well as to meet consumer demands for natural alternatives.

The food additives market by type is classified into acidulants, anti-caking agents, colors, emulsifiers, enzymes, flavors, hydrocolloids, and sweeteners. The market for flavors was estimated to be the largest in 2014, and is projected to grow with the increasing demand for convenience foods, beverages, and other applications.

In terms of insights, this research report has focused on various levels of analysis-industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global food additives market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

The world market was dominated by E.I. DuPont (U.S.), Archer Daniels Midland (U.S.), Cargill, Inc. (U.S.), and Chr. Hansen A/S (Denmark) with respect to their developments in the past few years. These companies accounted for a cumulative share of about 61% in the market. Other players include companies such as Kerry Group (Ireland), BASF SE (Germany), Evonik Industries AG (Germany), Tate & Lyle PLC (U.K.), Ingredion Incorporated (U.S.), and Novozymes A/S(Denmark). Order a copy of Food Additives Market by Type (Acidulants, Colors, Emulsifiers, Flavors, Hydrocolloids, Preservatives, Sweeteners), Source (Natural, Synthetic), Application (Bakery & Confectionery, Beverages, Dairy & Frozen Desserts), & by Region - Global Forecast to 2020 research report at .

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms in garnering a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.

On a related note, another research titled Specialty Feed Additives Market Global Trends and Forecast to 2020 says the specialty feed additives market is gaining momentum over the last few years and this trend is projected to continue. The specialty feed additives market is projected to reach $11.9billion by 2020, at a CAGR of 4.5% from 2015 to 2020. Companies like BASF SE (Germany), Evonik Industries AG (Germany), Nutreco N.V. (The Netherlands), Novozymes A/S (Denmark), and Invivo NSA (France) are also discussed in this research report available at .

Explore more reports on the food & beverage market at .

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