Wood-Derived Food Additives Market Forecast to 2023 Detailed in New Research Report

Market Overview:
Due to diverse application of wood derived food additives, the market is growing at an incremental pace globally. Wider applications in food and beverage sector is adding fuel to the growth of this market making the product popular across the globe. Rising demand for food thickeners and stabilizers derived from the wood is supporting the growth of wood derived food additives market. Furthermore, increasing application of wood derived food additives in various industries such as bakery and confectionery, beverages, dairy and frozen desserts, and others is driving the growth of the market.

Urbanization leading to consumers demand for cross-regional cuisines is supporting the growth of this market on a global level. Rising health consciousness among the consumers’ is supporting the demand for natural ingredients in the food product. Consumers’ across the globe are identified to have high inclination towards the consumption of natural products which has given a boost to this market.  Fast pace of lifestyle, increasing awareness about the variety of products available through product promotions has significantly given an uplift to the wood derived food additives market.

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Latest Industry Updates:
Jan 2018 To suffice the escalating demand for wood derived additives, Solvay launched two new vanillin products in the market based on the current trend of natural additive consumption

Nov 2017 Solvay announced their expansion of natural vanillin capacity and increased their production by 60 metric tons in the European region

Sep 2017 In order to support the launch natural wood derived food additives, Nippon Paper Industries launched a cellulose Nano-fiber mass production facility for food and cosmetics. The launch was carried out at the gotsu mill.

Mar 2017 Encouraging manufacturers to enter into production of natural sweeteners as a potential food additive, ED&F Man and Unavoo launched natural sweetener breakthrough that cuts sugar by 100%. The product claims to have high potential as sugar replacer.

Major Key Players:
The wood-derived food additives market is found to be competitive with large number of established players in the market. The players are found to have indulged in rivalry wherein they fight in terms of quality of product they deliver to the consumers. In order sustain their consumer-base, manufacturers are identified to be investing hugely in the R&D sector to create product differentiation. The best long-term growth opportunities for this sector can be captured by ensuring ongoing production process improvisations and product promotions to create a strong consumer base.

The key players profiled in wood-derived food additives market report are BASF SE (Germany), Cargill Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), Kerry Group Plc. (Ireland), E. I. du Pont de Nemours and Company (U.S.), Evonik Industries AG (Germany), Tate & Lyle Plc. (U.K), Kerry Group Plc. (Ireland), CP Kelco U.S., Inc. (U.S.), and Ingredion Incorporated (U.S.) among many others.

Industry Segments:
The global Wood derived food additives market has been divided into type, function, application, and region.

On The Basis Of Type: Fibrillated Cellulose, Lignin, Xylan, Vanillin, Carboxymethyl Cellulose (CMC), Xylitol, and Others

On The Basis Of Function: Thickening Agent, Gelling Agent, Emulsifying Agent, Texture Enhancer, Texture Enhancer, and Others

On The Basis Of Application: Bakery and confectionery, Beverages, Dairy and frozen desserts, Sweet and Savory Snacks, and Others

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW

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Regional Analysis:
The global wood-derived food additives market is segmented into Latin America, North America, Europe, APAC, and Rest of the World (RoW). Global wood derived food additives market is highly dominated by North America due to high production of and increasing demand for natural food additives in the region. APAC is fastest growing region due to shift in consumers’ food consumption trend and increasing population in the region. The consumption of wood derived food additives in developing countries is expected to grow in upcoming years based on rising health consciousness in the consumers and escalating demand for herbal products.

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