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U.S. Food Additive and Preservative MarketsPublished by: Frost & Sullivan Published: Oct. 1, 2000 Table of Contents
AbstractIncreasing Ethnic Diversity, Aging Baby Boomers Expand Demand for Savory FlavorsThe U.S. flavoring additive markets is a dynamic one. Boldly flavored foods are becoming the norm, making this a strong industry. Two segments of the population are driving the love affair with flavor: baby boomers and ethnically-diverse cuisine lovers. As people move to the U.S., they bring with them foreign fare. Immigrants from Asia and Latin America are the fastest growing population in the U.S. and they are changing the way Americans eat. Also of note, aging baby boomers, who comprise over one quarter of the U.S. population, are demanding healthier, flavorful food. Food Additives and Preservatives This market is generally divided into: additives and preservatives. Both segments are expected to continue growing in the future, but their growth rates won't remain steady. Many different factors will uniquely affect each segment. This Frost & Sullivan report gives your company the competitive edge to build successful business plans. It presents a clear look at opportunities and threats in each individual market segment. Health Concerns, Convenience Underlie Market Trends In the past, Americans were concerned about fat intake; now more emphasis is placed on sugar intake. People are ready to give up sugar calories, but not its taste. Saccharin, which was once deemed unsafe, is gaining popularity since it is no longer considered a carcinogen. Perhaps soon these sugar substitutes may be only a small part of the market. The author of this report states, "Other non-nutritive sweeteners, such as alatame and neotame, may soon receive Food and Drug Administration approval and expand the non-nutritive sweetener market." Artificial sweeteners are not the only health-related trend on the horizon. Natural food colorings are more popular than ever among consumers. U.S. customers are also looking for foods that are low in calories but convenient to prepare. "Growing demand for food prepared away from home will increase the need for all types of food additives and preservatives in order to preserve the taste, color, and shelf life of ready-to-heat-and-eat meals in retail stores," adds the author of this report.
While there are some market restraints, consumers are concerned about
product freshness and the use of synthetic chemicals in their food. This Frost
& Sullivan report analyzes the competitive environment of each market segment.
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