Global Food Additive Market 2018 | Market Analysis and Forecast by 2025 |Top Key Players- CARGILL INC., BASF SE, ARCHER DANIEL MIDLAND COMPANY, etc
Growing demand for convenience or ready-to-eat food is driving the Global Food Additive Market
Food Additives are used to slower the product spoilage caused by air, bacteria, mold, fungi or yeast. Moreover, in order to maintain the quality of food, they support to control contamination caused by food-borne diseases. Food Additives has increased rapidly both technologically and by application in the recent years. These technological advancements have acted as a breakthrough for improved natural food additives that are beneficial for health as well.
The factors that enhance the global food additive market are increasing demand for packaged and processed food that are easily available in the market and can be stored for a longer time, coupled with the technology innovation in the overall Food & Beverage industry.
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The key driver for the global food additive market is increasing disposable income and rapid urbanization in developing countries, like India and China, that results in demand for processed and packaged food. Moreover, major food additives, like vitamins and minerals, are added in order to enhance the nutritional quality of food. As per the US Food & Drug Administration, such fortification helps to reduce malnutrition in the US and across the globe. As per the Department of Industrial Policies and Promotion (DIPP), the package and processed food sector in India have received around USD 7.54 billion worth of Foreign Direct Investment (FDI) during the period April 2000-March 2017. Thus, the food additive market is growing rapidly, owing to the demand for processed and packaged food.
Scope of the Report
The global market for food additives is segmented by product type, source, application, and geography. The product type is further segmented into Acidity Regulator, Colorant, Sweetener, Flavoring Agent, Emulsifier, Food Preservative, Anti-Caking Agent and Others. The source is further segment into Natural and Artificial Sources. Furthermore, the application market can be segmented into Bakery & Confectionery, Meat & Meat Product, Beverage, Dairy Product, and Others.
Geographically, the Global Food Additive market is bifurcated into North America, Asia Pacific, Europe, Middle East, Africa & Latin America. The European food additive market was the most prominent market because Food and drink industry is one the major revenue contributor within the manufacturing industries of Europe, Germany, Spain, France, Italy, and UK are the major producers of food and beverage products. Thus, the demands for food additives, like flavouring agents, colorants, etc., are inevitable for the production of food and beverage products.
Key Findings Of The Report
• According to BlueWeave Consulting, the key findings of the report “Global Food Additive Market Size, Share, Development, Growth and Demand Forecast to 2025” are:
• The demand for global food additive market is expected to grow a significant rate, during forecast period. Food Additive is witnessing tremendous growth due to factors as need for convenience food like the packaged and processed food that are ready-to-cook and loaded with food additives to keep them fresh for longer time. The demand for convenience food results for increasing disposable income and rapid urbanization in developing countries, like India & China materials. Global food additive market is expected to grow over a CAGR of 4% & 3% by value and volume respectively, during the forecast period, 2018-2025
• Flavoring Agents has been the largest revenue contributor, in terms of value, to the global additive market as compared to other product types. It is expected to grow with CAGR over 4% by value during the forecast period, 2018-2025
• Global food additive market from various applications is estimated to grow with a CAGR over 4% over the period of 2018-2025 with Bakery & Confectionery having highest contribution
• Asia Pacific is the fastest growing region in the Food Additive market and is expected to propel with a CAGR over 6% by value and with a CAGR over 5% by volume during the forecast period, 2018-2025 with India being the fastest growing market having a CAGR over 7% and expected to reach a revenue of around USD 3 Billion
The global food additive market is dominated by a number of players in the market, amongst them the major players are CARGILL INC., BASF SE, ARCHER DANIEL MIDLAND COMPANY, etc. Companies in this industry are following different strategies to strengthen their market position. For instance, Archer Daniel Midland Company has acquired Rodelle to magnify its customer offerings with premium and certified organic vanilla products and this will help to gain competitive advantage over others.
Market Segmentation: Global Food Additive Market
By Product Type
• Acidity Regulator
• Flavoring Agent
• Anti-Caking Agent
• Food Preservative
• Natural Source
• Synthetic Source
• Bakery & Confectionery
• Meat & Meat Product
• Dairy Product
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
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About BlueWeave Consulting & Research Pvt Ltd. (BWC)
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.
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