Food Additives Market 2019 Key Growth Drivers, Challenges, Demand and Upcoming Trends

19 March 2019

The global food additives market is anticipated to reach USD 56 billion by 2024. Rapid growth in the food & beverage industry in the Middle East and BRICS (Brazil, Russia, India, China, and South Africa)-as a result of growing domestic consumption and rising foreign direct investments-is projected to augment the market growth. Increasing awareness about different types of tastes is also likely to act as an important growth driving factor. In addition, manufacturers are increasing their production capacities due to rising demands for packaged foods including ready-to-eat products, frozen meals etc. which will eventually therefore augment the market growth. The global market is categorized as products and regions.

The product sector comprises flavors & enhancers (natural, artificial), enzymes, sweeteners (high intensity, HFCS), emulsifiers (mono, lecithin, di-glycerides, sorbitan esters, stearoyl lactylates), fat replacers (protein, starch), and shelf-life stabilizers. The enzymes sector is estimated to remain the fastest-growing sector, with a CAGR of over 6 % from 2016 to 2024. Flavors & enhancers dominated the application sector in 2016 accounting for 30 % of the total market revenue. The natural flavors sector is likely to grow at a healthy CAGR of over 6 % from 2016 to 2024.

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Sweeteners are mainly used in formulating F&B products. Moreover, growing health concerns such as tooth decay, diabetes, etc. and rising importance of low-cal food products are anticipated to augment the demands for sugar substitutes such as High Fructose Corn Syrup (HFCS) and High-Intensity Sugars (HIS). The sector is projected to grow at a CAGR of over 5 % during the estimated years.

The Europe food additives market held over 30 % of the overall share in 2016 due to growing significance of functional ingredients to integrate properties such as flavor, shelf life-extension, and emulsification. The Asia-Pacific region accounted for 27 % in 2015 and is anticipated to experience considerable gains over the next few years. The Indian market is likely to grow at a decent CAGR of over 5 % during the forecast period. The Middle East is said to be the high-potential market on account of rising domestic consumption along with the favorable support to attract fresh investments.

The major companies in the food additives market include BASF SE; E. I. du Pont de Nemours and Company; Eastman Chemical Company; and Cargill Inc.

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Table of Content

Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical modeling and forecast

1.1.3 Industry insights and validation

1.2 List of Data Sources

Chapter 2 Executive Summary

2.1 Food additives market snapshot, 2016 - 2024

Chapter 3 Food Additives Industry Analysis

3.1 Food additives market segmentation

3.2 Food additives market size and future growth prospects, 2016 - 2024

3.3 Food additives value chain analysis

3.3.1 Vendor Landscape

3.4 Raw material outlook

3.5 Technology Overview

3.6 Regulatory framework

3.7 Food additives market dynamics

3.7.1 Growth drivers

3.7.1.1 Food & beverage industry growth

3.7.1.2 Rising packaged foods demand

3.7.2 Industry pitfalls & challenges

3.7.2.1 Growing organic foods market

3.8 Key market growth opportunities

3.9 Porter’s analysis

3.10 PESTEL analysis

3.11 Food additives Pipeline Overview

3.11.1 Recent Food additives approval U.S. FDA

3.11.2 U.S. FDA approved food additives under GRAS Notice

Continue……………

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