Food Additives Market size and Key Trends in terms of volume and value 2014-2020: FMI

Transcription

Food Additives Market size and Key Trends in terms of volume and value 2014-2020: FMI
Global Food Additives
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and
Forecast,
2014
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Report
Description
Report Description
Any substance which changes the characteristics of the food when added is known as
food additives. Additives which are added for specific purpose in the food are known as
direct additives for e.g. salt and those which are added for package, handling or storing of
food are known as indirect additives. Additives are mainly used to maintain and improve
safety of the packaged food and to enhance the nutritional value of the food. It is also
used to improve the taste, appearance, texture and consistency of the food.
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The global market for food additives is expected to grow at a CAGR of 2% to 4.5% in the
next five years. Europe, the United States and Japan, have the largest markets for food
additives. Growth is expected to be robust in the emerging markets of Latin America and
Asia; especially China, India, Mexico and Brazil shows more growth potential as the
demand for further processed food is increasing tremendously in these regions.
The factors driving the growth of the markets are increasing concerns to improve overall
health, food safety concerns, and the trend towards convenience foods due to hectic life
schedule. In addition, restructuring of the food processing companies and the desire for
natural ingredients in food and drinks products is expected to further drive the growth of
the food additives market. Especially, additives like acidulates, hydrocolloids and enzymes
are experiencing growth due to rise in energy and material cost.
Report
Description
Report Description
Browse Full Report@ http://www.futuremarketinsights.com/reports/food-additivesmarket
As the consumer are becoming more demanding for application specific ingredients
many manufacturers are moving away from using artificial ingredients and additives.
Factors such as increasing competition in the market and rise in purchasing power of the
major retailers and manufacturers are causing industry consolidation. But the demand for
food additive is quite dynamic with food ingredient suppliers and manufacturers focusing
on enhancing existing products through innovative technologies that can satisfy
customer’s requirements and introducing new product in the market.
Some of the major players of the market are Associated British Foods Plc., Ajinomoto Co.
Inc., ABF Ingredients Ltd., Archer Daniels Midland Company, PGP International, Inc.
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