30-Dec-2019 | Zion Market Research
A few key leading contenders in the food additives market include CHR Hansen Holding A/S, Tate & Lyle PLC., Kerry Group Plc, Ajinomoto Co Inc., International Flavors and Fragrances, and BASF SE, among others. Firms serving products and services associated with the global food additives market particularly follow merging and acquisition strategies to augment their existence in their respective sectors.
Based on the comprehensive analysis conducted by experts at Zion Market Research (ZMR), the global food additives market generated an annual wealth of nearly USD 33.50 Billion in 2016. The market value is set to surpass USD 41.00 Billion in 2022, growing at approximately 3.5% CAGR throughout the forecast period of six years from 2017 to 2022.
This review is based on a report by Zion Market Research, titled “Food Additives Market by Type (Flavors, Hydrocolloids, Acidulants, Colors, Emulsifiers, Preservatives and Sweeteners) by Type (Natural and Artificial Food Additives) and by Application (Bakery & Confectionery, Beverage, Sauces, Dressings, Spices & Condiments, Convenience Foods, Dairy & Frozen Desserts, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”-Report at https://www.zionmarketresearch.com/report/food-additives-market
Several Efforts By Market Contenders To Reinforce Their Status Set To Expand The Food Additives Market
Zion Market Research analysts mentioned that market players employed various efforts to reinforce their status, which is one of the major causes for the significant expansion and growth of the food additives market. For instance, Tate & Lyle expanded its business in September 2016 by starting an oat ingredients production site and bifurcated KRYSTAR Crystalline Fructose production at the site in Indiana, US. The opening of Tate & Lyle’s new production unit was a key inflection point for the food additives market expansion. Besides this, several leading market contenders launched various food additive products, which is also a significant market-driving factor. For example, Tate & Lyle introduced two new starch products in the market in August 2017, referred to as CLARIA® Instant 340 and CLARIA® Instant 360. The food and beverage ingredients supplier affirms that it has not compromised with taste, color, and texture.
Increased Need For Bakery & Confectionery In North America Potentially Driving Food Additives Market Growth
Based on the regional analysis, the global food additives market was dominated by North America in 2016 and would be probably sustaining its first rank in the upcoming years. The food additives market is primarily propelled by the growing demand for food additives in the US. In 2016, North America captured around one-third share of the global food additives market. Owing to the rising demand of the food additives for bakery & confectionery, beverages, convenience foods, and sausages, the market in North America is chiefly broadened. On the contrary, the demand for organic, natural, and healthy foods has been rising in the Asia Pacific at a significant pace. Therefore, the food additives market is likely to establish in the region very quickly. India and China are the two leading countries that are majorly boosting the market in the Asia Pacific.
This report segments the food additives market as follows:
Food Additives Market: Type Analysis
Food Additives Market: Source Analysis
Food Additives Market: Application Analysis
Food Additives Market: Regional Analysis
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