Global Food Additives Market Forecast 2019-2025 - Micro-Encapsulation of Probiotics to Drive Growth - coherentmarketinsights.com

Food Additives – Insights
Food additives are substance added to food to enhance its taste, quality, appearance, and preserve the food from bacterial effects. Food additives are broadly categorized as acidulents, acidity regulator, antioxidants, antifoaming & foaming agents, emulsifiers, flavor enhancers, color retention agents, stabilizer, and sweeteners. Growing demand for convenience and organic food in North America and Europe is expected to fuel growth of the market for food additives. Increasing awareness about foodborne diseases that can be kept at bay by effective use of additives and increasing health consciousness among the general populace in Europe and North America is expected to boost growth of the market.

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Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion
Major players in the global food additives market include E.I. DuPont, Archer Daniels Midland Company, Cargill, Hansen Holding A/S, Kerry Group Plc, BASF SE, Ingredion Incorporated, Novozymes A/S, and Tate & Lyle PLC.

Stringent government regulations is expected to hamper growth of the market
One of the major challenges faced by the food preservatives market is the stringent government regulations. For instance, on June 20, 2016, the use of potassium bromate and cyclamates in food was banned by the Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI). Moreover, on July 1, 2008, new regulations to control the use of preservatives and antioxidants in food was introduced by the Government of the Hong Kong Special Administrative Region. Also, the National Health and Family Planning Committee of China introduced the National Food Safety Standard for Food Additive Use (GB2760-2014) and it was implemented on May 24, 2015. On July 14, 2014, the European Union (EU) implemented the European Food Information to Consumers Regulation No 1169/2011 (FIC). On April 1, 2016, the U.S. Food & Drug Administration introduced a regulation, which was against the use of perfluoroalkyl ethyl containing food contact substances such as oil and water repellants for paper and paperboard for use in contact with aqueous and fatty.

The global food additives market was valued at US$ 45.05 billion in 2016 and is expected to expand at a CAGR of 4.47% during 2017 – 2025.

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Regional Insights
North America, followed by Europe and Asia Pacific, respectively, accounted for major share in the global Food Additives market in 2016 and the trend is projected to remain the same over the forecast period. In 2016, North America accounted for 33.10% share, followed by Europe with 28.10% share. The growing demand for meat and confectionery products in North America due to hectic lifestyle, increased urbanization and growing retail and hospitality sector is in turn expected to drive growth of the global food additives market over the forecast period. According to a study conducted by Coherent Market Insights, the global meat, poultry & sea food market is expected to witness a CAGR of 4.47% from 2017 to 2025, which creates a highly conducive environment for growth of the global food additives market.

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This release was published on openPR.