Global Food Additives Market - Growing Supply Chain Complexities/Inefficiencies in Food & Beverage Industry

News provided by

Feb 29, 2016, 07:10 ET

Logo

DUBLIN, Feb. 29, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/s2vc7w/global_food) has announced the addition of the "Global Food Additives Market" report to their offering.

The global population is growing at a rate of 1.14% and the increasing calorie intake per capita is leading to substantial increase in the global food production. Growing urbanization and changing lifestyles are driving demand for convenience and packaged foods.

The packaged food industry recorded US $2.5 trillion in retail sales for the year 2015. In the processed and packaged foods, ensuring food safety and quality starting from transportation to farm to fork and storage facilities is a major concern. To meet this demand, food additives are used. Food additives which are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content, are expected to cross US $50 billion by 2020; growing at a CAGR of 5.5% from 2015 and 2020.

The mature markets of developed economies constitute nearly 60% of processed food market. This, in spite of population growth rate not exceeding the growth rates of developing countries. The increasing disposable incomes of the burgeoning middle class is driving the shift towards convenience and processed foods, thus escalating the need for food, thereby need for food additives.

The global retail and food service market which grossed sales of US $5.2 trillion in 2015 is a major driver for the food additives market driven majorly by increased consumer's exposure to packaged food and beverages. This is supported by growing urbanization of the rural population and rising organized market in rural segments of developing economies of Asia, Latin America and Africa.

One more major driver in the food additives market is the growing supply chain complexities/inefficiencies in the food and beverage industry - transportation costs, last mile reach for food products, storage facilities, as a part of companies' expansion strategies are growing, which is increasing the complexities in the farm to fork value chain.

This emphasized on the use of food additives to reduce the spoilage and wastage costs. However, the restrain is in the slow urbanization rates in spite of an uptick in demand. Also, as many countries follow the standard US regulatory approved additives, the onus is on the US regulatory to provide stringent laws to determine the safe additives; thus making the process complex to register to new additives by companies.

Key Topics Covered:

1. Introduction

2. Key Findings

3. Regulatory Framework

4. Market Overview & Dynamics

5. Porter's Five Forces Analysis

6. Market Segmentation by Type

7. Competitive Landscape Overview

8. Company Profiles