Press release
Asia Pacific Food Additives Market demand to hit $40bn by 2024: BASF, Archer Daniels Midland Company and CHR HANSEN GIDA A.Ş. and DuPont
APAC Food Additives Market
Changing lifestyles along with growing packaged products consumption accompanied by increasing number of women workforces, which has expanded convenience products market, thus driving food additives demand.
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South Korea hydrocolloids industry size is projected to witness gains of over 3% by 2024. These products are added in preparations to control functional properties including gelling and thickening. These are also used as thickening agent and find application in sauces, gravies, salad, soups and dressings, which is projected to fuel food additives demand in forecast timeframe.
Indian processed food industry is projected to surpass USD 130 billion by 2024. Food processing extensively use food additives to give appearance, aroma, flavor, taste and texture, which may boost industry size by 2024.
Australia preservatives market from meat, poultry and sea edibles application may witness gains of over 2.5% by 2024 owing to extensive usage of these products in frozen meat. These preservatives remove harmful bacteria in meat products including salami, ham and other cured & processed meats and keep them fresh for longer duration. These factors are likely to stimulate food additives demand in the region.
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Asia Pacific food additives market share is moderately consolidated with major players operating in the market includes BASF SE, Kerry Group, Archer Daniels Midland Company and Chr Hansen and DuPont
Manufacturers are focused on escalating their business in the regions and developing tactics to increase production competence. Global companies are involved in partnerships and acquisition of regional & local players to open fresh market opportunities.
Segments We Cover:
Food Additives Market statistics, By Product
Flavors & enhancers
Sweeteners
High Intensity Sweeteners (HIS)
Bulk Sweeteners
Sugar Substitutes
Food emulsifiers
Acidulants
Shelf-life stabilizers
Food colorants
Enzymes
Hydrocolloids
Preservatives
Food Additives Market Trends, By Application
Bakery & Confectionery
Food & Nutrition
Beverages
Dairy & Frozen Desserts
Sauces & Dressings
Others
The above information is provided for the following Countries:
China
India
Japan
South Korea
Indonesia
Australia
Thailand
Malaysia
Browse key industry insights from this 2018 report @
https://www.graphicalresearch.com/industry-insights/1103/apac-food-additive-market
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Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearh.com
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