Synthetic Food Market Analysis by Trends & Top Players- BASF, Archer Daniels Midland Company, Chr. Hansen Holding A/S, DSM, Symrise AG, DöhlerGroup, Sensient Technologies Corporation, FMC Corporation, Frutarom, Flavorchem Corporation
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2. Archer Daniels Midland Company
3. Chr. Hansen Holding A/S
5. Symrise AG
7. Sensient Technologies Corporation
8. FMC Corporation
10. Flavorchem Corporation
12. Allied Biotech Corporation
13. Aarkay Food Products Ltd. – India
14. D.D. Williamson & Co., Inc.
15. FIORIO COLORI SPA
16. Falcon Essential Oils
17. NATUREX S.P.A.
Artificial colors are extensively used in several products to enhance the appearance and make it more attractive or lucrative. Increasing utilization of these colorants in meals, carbonated soft drinks, non-alcoholic beverages and alcoholic beverages is projected to propel artificial additives market size. The rising number of regulations by FDA and EU to produce low sugar content products will further boost industry growth.
Expansion of the processed food industry along with increasing demand for soft drinks, confectionery, meat, fruits and dairy will provide a strong application outlook for artificial additive industry growth. Increasing supply chain complexities of food manufacturers including spoilage and loss of nutritive value will further propel product penetration rate. Some ingredients are added directly as seasonings and indirectly as vinegar and salt to enhance product shelf life and deliver better taste.
Browse key industry insights spread across 550 pages with 1165 market data tables & 10 figures & charts from the report, “Synthetic Food Market Size By Product (Colour, Enzymes, Hydrocolloids, Flavour & Fragrances, Antioxidants, Emulsifiers, Fat replacers), By Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Processed Food, Convenience Foods & Beverages, Sauces, Dressings, And Spreads Savory and Snacks, Animal and Pet Food, Oils & Fats), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Sweden, Austria, Poland, Russia, Spain, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia , Australia, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia, Kuwait, Egypt), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Hydrocolloids were valued over USD 1.5 billion in 2016. Increasing necessity to provide stabilization, suspension, thickening, and manipulating mouthfeel of several beverages driving product demand. The growing consumption of low calorie drinks among the diabetic population will support industry growth. These hydrocolloids are also used to improve taste of low-calorie drinks without impacting beverage’s flavor.
Asia Pacific synthetic food market is projected to account over 30% of the share by 2024. Increasing the application of artificial additives among key manufacturers to enhance shelf-life, texture and appearance of consumable products driving regional demand. Furthermore, major companies such as BASF, Symrise and Sensient are anticipated to invest in formulation of new flavors & tastes obtained through enhanced ingredient engineering. The rising consumption of bakery & confectionery products in China, India, Japan, and Australia owing to increasing double income trend is supporting industry expansion.
Flavor & fragrances dominated the overall artificial additives market in 2016. Factors such as changing taste preferences, rising disposable income along with gourmet food chain expansion is expected to propel artificial additives market share. These are widely used in savories and snacks to enhance overall product appeal and deliver aroma for a prolong time.
North America synthetic food market is anticipated to witness growth over 4.5% up to 2024. Increasing demand for ready to eat and processed meals owing to busy lifestyle will support regional growth. Rising consumer awareness regarding key benefits associated with artificial ingredients including low sugar content is expected to propel artificial additives market size.
Global synthetic food market share is highly fragmented due to the presence of both large number of multinational as well as regional companies. Increasing competition among existing organizations and new entrants is anticipated to encourage product development. Archer Daniels Midland Company, Flavorchem, Sensient Technologies, FMC, DSM, BASF, Chr. Hansen, Döhler Group and Allied Biotech are key players in synthetic food market. Other prominent players include Frutarom, Symrise, Young Living Essential Oils, Falcon Essential Oils, Biolandes, Naturex, Fiorio Colori and D.D. Williamson & Co. Inc.
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