26-Feb-2021 | Zion Market Research
According to analysts at Zion Market Research, the global synthetic food market size is projected to witness growth over 5.3% CAGR during the forecasted period 2019–2025. The food & beverage industry growth due to the surging population and changing consumer trends toward ready-to-eat products will increase synthetic food market growth. The altering consumer way of life and intake habits are instigating the demand for canned, packaged, and processed items. Therefore, it is fueling the adoption of artificial additives owing to their strong role in improving the product shelf life and maintaining flavor & taste. The rising population along with the increasing gap amid demand and supply of nutritious food is also a major concern propelling the adoption of additional additives.
Some of the key players in the market are Young Living Essential Oils, Aarkay Food Products., Symrise AG, Royal DSM N.V., Naturex S.A., Archer Daniels Midland Company, Sensient Technologies, Allied Biotech Corp, Frutarom Industries Ltd, BASF SE, Falcon Essential Oils, Biolandes SAS, Fiorio Colori, Chr. Hansen A/S, Flavorchem Corporation, Döhler Group, FMC Corporation, and D.D. Williamson & Co. Inc.
Technological Developments In Food Products To Maintain Nutritional Value Will Boost The Global Market
The appearance and taste are the main advantageous factor to improve product sales. Benefits such as enhancing the final product’s consistency, maintaining color, texture, flavor & fragrance have certainly influenced the demand for synthetic additives. The technological developments are made for maintaining nutritive values of dietary products and scientists have advanced artificial additives to deliver flavor & taste as natural ones. The introduction of new flavor in the industry has made manufacturers attain USP that will open profitable opportunities for the industry expansion of the synthetic food market.
The global synthetic foods market is bifurcated on the basis of type, application, and regional analysis. Based on the type, the market is divided into synthetic color, enzymes, antioxidants, and hydrocolloids. Based on the application, the market is divided into bakery & confectionery, beverages, flavor & fragrances, and fats & oils.
The Asia Pacific Region Will Witness Massive Growth In The Global Synthetic Foods Market
Based on geographical analysis, the global synthetic foods market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The synthetic food market in North America contributed to more than 25% of global demand during 2016. The large incidence of FMCG producers and a huge consumer base is supporting the growth of the regional industry. The synthetic additives market in Asia Pacific is estimated to witness growth with more than 5.5% CAGR by 2025. In addition, China is the key market in the Asia Pacific region, surpassing over USD 705 billion in revenue during 2016. There is a robust growth potential reported from the Indian market.
Browse the full “Synthetic Foods Market - By Type (Synthetic Color, Enzymes, Antioxidants, And Hydrocolloids), By Application (Bakery & Confectionery, Beverages, Flavor & Fragrances, And Fats & Oils), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/synthetic-foods-market
The global synthetic foods market is segmented as follows:
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