12-Jun-2021 | Zion Market Research
The global Food Additives market accounted for USD 34.4 Billion in 2020 and is expected to reach USD 47.1 Billion by 2028, growing at a CAGR of 6.5% from 2021 to 2028.
The food additives market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2014 to 2016 along with a forecast from 2017 to 2022 based on revenue (USD Billion). The study comprises drivers, restraints, and opportunities in the food additives market along with the impact on the demand over the forecast period.
The report provides the complete view of the food additives market and encompasses detailed type portfolio and strategic developments of key vendors. To know the competitive landscape of the food additives market, an analysis of Porter’s five forces model is done. The study cover market attractiveness analysis, in which type, source type, and application segments are specialized based on the market size, growth rate, and attractiveness.
The report provides a crucial view on the food additives market by segmenting the market based on type, type application, and region. Based on type the food additives market is segmented as flavors, hydrocolloids, acidulants, colors, emulsifiers, preservatives, and sweeteners. Types for food additives market are artificial are natural additives. The market is segmented based on the application as bakery & confectionery, beverage, sauces, dressings, spices & condiments, convenience foods, dairy & frozen desserts, and others. All the segments have been analyzed based on existing and future trends and the market is projected from 2017 to 2022. The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
North America was the biggest area for food additives market in 2016 and is likely to sustain its position in the years to come. The food additives market is majorly boosted by the rising demand from the U.S. for food additives. North America grabbed over 30% share of the global food additives market in 2016. The food additives market in this area is majorly bolstered by high requirement for bakery & confectionery, convenience foods, sauces, and beverage in this area. North America is likely to see a substantial development in the food additives market in the coming years while Europe is likely to exhibit reasonable development in the near future.
Some of the major players active in the food additives market comprise Tate & Lyle PLC., International Flavors and Fragrances, Kerry Group Plc, CHR Hansen Holding A/S, BASF SE, and Ajinomoto Co Inc. among others. Players operating in food additives market mainly aim on merger and acquirement strategy so as to enhance its market status.
Browse the full “Food Additives Market By Type (Flavors, Hydrocolloids, Acidulants, Colors, Emulsifiers, Preservatives And Sweeteners), Process (Natural and Artificial), By Application (Bakery & Confectionery, Beverage, and Sauces, Dressings, Spices & Condiments, Convenience Foods, Dairy & Frozen Desserts, And Colors): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/food-additives-market
The report segments the Food Additives market into:
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