About Food Additives
Food additives are substances or ingredients added to food to enhance taste, add flavor, color, and nutritive quality, enhance texture, and act as preservatives. Their key end-users are food manufacturers, and the chief application segments of food additives are fast food, packaged food, and beverages. Food additives may be extracted from natural sources or synthesized from chemical compounds.
Technavio’s analysts forecast the food additives market in the US to grow at a CAGR of 3.77% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the food additives market in the US for 2016-2020. To calculate the market size, the report considers revenue generated through the sales of food additives by vendors in the US market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Food Additives Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the food additives market in the US: Chr. Hansen, Chr. Hansen, and Ingredion.
Other Prominent Vendors in the market are: Ashland, Bell Flavors and Fragrances, Cargill, CP Kelco, Cumberland Packing, D.D. Williamson, FMC, IFF, and Sensient Technologies.
Commenting on the report, an analyst from Technavio’s team said: “Growing popularity of natural food additives will be a key trend for market growth. A recent trend observed is the shift in consumers' demand from synthetic to natural food additives like herbal extracts. It has been observed that the market for natural shelf life stabilizers saw higher growth in the US than the synthetic additives market. Consumers perceive natural food additives as being safer and healthier than synthetic food additives. Though the cost of manufacturing and acquiring natural food additives is much higher compared to synthetic food additives, the increase in the health-conscious population is influencing their adoption rate.”
According to the report, one of the key drivers for market growth will be growing desire for convenience and packaged goods. Increased demand for convenience in food preparation among consumers has changed the entire scenario of the food and beverage industry. Today's hectic lifestyle and need for leisure have further increased the demand for convenience food products. This need for convenience has also led to the growth of packaged and convenience food like canned cereals, ready-to-cook meals, and dehydrated soups. These food items have already been processed, and therefore it takes less time and effort to cook them.
Further, the report states that side-effects associated to food additives will be one of the major challenges for the market. The key challenge faced by the food additives market in the US is the harmful side-effects from consumption of additive-based food products. The consumption of many additive-based food products can cause health problems like hyperactivity, asthma, allergies, raised blood pressure, and vomiting. Though all food additives go through rigorous checking and testing before approval, sometimes people may face health problems due to some additives in the food as they are chemicals and toxins.
Chr. Hansen, Chr. Hansen, Ingredion, Ashland, Bell Flavors and Fragrances, Cargill, CP Kelco, Cumberland Packing, D.D. Williamson, FMC, IFF, Sensient Technologies.
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