Food Additives Market to reach US$41.670 billion by 2021
Knowledge Sourcing Intelligence announces the publication of a new report “Food Additive Market - Forecasts from 2016 to 2021" to their offering. The report has segmented the Food Additive Market by Classification (Natural and Synthetic), by Type (Flavours, Preservatives, Acidulants, Emulsifiers, Colours and others ), by Application (Bakery, Confectionary, Dairy and Milk, Beverage, Dietary Supplements, Instant Food, and Meat and Poultry), and by geography (Americas, Europe Middle East and Africa, and Asia Pacific).The report analyzes the Global Food Additive market which is anticipated to grow from US$34.618 billion in 2016 to US$41.670 billion by 2021, at a CAGR of 3.78% over the forecast period.
Factors such as increasing purchasing power, hectic work life, and modernized lifestyles drive the need to replace the home-cooked meal with convenience food which is driving the demand for food additives to provide longer shelf life for food and beverage products. Growing health concern owing to the increasing number of chronic diseases drives the need for nutritional additive worldwide. Moreover, rising demand for customized flavors as per local preference augments the need for natural and artificial flavors which, in turn, further propels the growth of Food Additive Market.
Flavour is expected to grow at a high rate during the projected period
The growing trend of modifying taste as per local taste and preference owing to growing competition and innovations drives the need of flavors in food & beverage industry. Moreover, the continuous R&D in order to design various taste experience will further augment the demand for flavors.
Asia Pacific will witness the fastest regional market growth during projected period.
Asia-Pacific is expected to witness the highest regional market growth owing to growing trends towards nutritional food and increasing demand for convenience food. This trend is majorly influenced by rapid urbanization, modernization and higher consumer preference for quality products.
The key players of Global Food Additive Market covered in this report include Arthur Daniels Midland Company (ADM), Novozymes, DuPont, Cargill, Chr. Hansen, and Kerry Group.
This report contains the market analysis on the current trends in the Food Additive Market and the opportunities for the vendors over the next six years. It provides deep insights into the drivers and restraints of the industry. Food Additive Market report also consists of in-depth regional analysis. A lot of statistically relevant tools and detailed industry analysis models such as scenario analysis have been used to forecast the market trends and forecasts up to the year 2021.
The report also talks about the strategies adopted by the industry leaders to gain an advantage over competitors and the recent deals that they have gone into to position themselves better in this market.
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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.
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