Global Food Additives Market 2020-2024
Technavio has been monitoring the food additives market and it is poised to grow by $ 8.86 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on food additives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising demand for processed food, increasing complexities in the food supply chain and growing demand for home food preservation. In addition, rising demand for processed food is anticipated to boost the growth of the market as well.
The food additives market analysis includes application segment, product segment, and geographic landscapes
Technavio's food additives market is segmented as below:
- Bakery and confectionery
- Convenience food
- Flavors and enhancers
By Geographic Landscapes
- North America
- South America
This study identifies the increasing adoption of organic and natural ingredients as one of the prime reasons driving the food additives market growth during the next few years. Also, rising trend of non-GMO ingredients and shelf life extension of food products will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our food additives market covers the following areas:
- Food additives market sizing
- Food additives market forecast
- Food additives market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food additives market vendors that include Ajinomoto Co. Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., Chr. Hansen Holding A/S, Givaudan SA, Ingredion Inc., Kerry Group Plc, Koninklijke DSM NV, and Univar Solutions Inc.. Also, the food additives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.