Global Food Additives Market 2017-2021
About Food Additives
Food additives are substances that are added to food, generally in small quantities, to improve its flavor, appearance, texture, or shelf life. Food additives provide multiple advantages such as protection against food spoilage during transportation, storage, distribution, and processing.
Food ingredients are organic and synthetic substances that are used in multiple ways in various cuisines. These substances are used as thickening agents, flavoring agents, emulsifying agents, food additives, enzymes, colorants, salts, fibers, regulators, and ingredients that improve safety, shelf life, quality, taste, texture, and other properties of a food product.
Technavio’s analysts forecast the global food additives marketto grow at a CAGR of 5.84% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global food additives market for 2017-2021. To calculate the market size, the report considers the sales and value.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Food Additives Market 2017-2021
Technavio recognizes the following companies as the key players in the global food additives market: Ajinomoto, Archer Daniels Midland Company, Cargill, Chr. Hansen Holding, DowDuPont, Givaudan, Ingredion, Kerry Group, Koninklijke DSM (DSM), and Univar
Other Prominent Vendors in the market are: ABF Ingredients, Akzo Nobel N.V., Ashland, BASF, Celanese Corporation, Firmenich SA, Kraft Heinz Ingredients, Lonza, Novozymes, Roquette, and Tate & Lyle.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for natural ingredients. The global consumer, of late, are increasingly health-conscious. The impact of artificial ingredients used in food processing techniques is still researched. Consumers prefer natural foods as they are perceived safe to consume.”
According to the report, one of the major drivers for this market is Rising demand for processed food. A rise in the demand for packaged food products among consumers across developed and developing countries has propelled the demand for food additives. With economic conditions and disposable income levels improving in developed and developing nations, the global demand for packaged food and processed food has been increasing.
Further, the report states that one of the major factors hindering the growth of this market is Side effects of food additives. When food additives are used in excess, they can cause adverse health effects. Certain preservatives used in packaged and canned food products like sodium sulfite can cause respiratory problems, nervous issues, and others. Similarly, artificial flavoring agents like monosodium glutamate (MSG) causes asthma, numbness, depression, and other adverse effects. A few coloring agents contain coal-tar dye that is injurious to health.
Ajinomoto, Archer Daniels Midland Company, Cargill, Chr. Hansen Holding, DowDuPont, Givaudan, Ingredion, Kerry Group, Koninklijke DSM (DSM), Univar, ABF Ingredients, Akzo Nobel N.V., Ashland, BASF, Celanese Corporation, Firmenich SA, Kraft Heinz Ingredients, Lonza, Novozymes, Roquette, and Tate & Lyle.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook