Europe Food Additives Market - Growth, Trends, and Forecast (2018 - 2023)
The European food additive market is anticipated to register a CAGR of 5.5%, during the forecast period (2018-2023). A major push came to the natural additive market with the EU legislation. Regulation (EC) No. 1334/2008, which defined natural flavorings and processes to be used in the preparation of natural flavoring substances. The transition to natural ingredients is a convenient option to large food manufacturers as the economies of scale provide them flexibility.
Increased number of retailers, retail channels and formats are increasing consumer access to process and convenience foods, further increasing demand for food additives by the food & beverage industry in Europe. However, the several complexities are restricting the growth of food additives market in Europe. Russia defines a wide set of rules for the safety requirements of food additives requirements for production processing, storage, shipment, sales, and disposal of food additives.
By product type, the acidulants segment can be further segmented into citric acid, phosphoric acids, lactic acid, and others. Citric acid dominates the acidulants segment, followed by phosphoric acid owing to the increasing demand for additives of natural origin, especially in processed food & beverage products and cosmetic products. The emulsifier segment is expected to register a CAGR of 4.8% and by application in the emulsifier segment, dairy and frozen industry is anticipated to register highest growth rate.The region is expected to witness highest growth rate of 5.6 % in anti-caking agents segment, which can be further divided into sodium compounds, calcium compounds, and silicon dioxide compounds.
The countries, such as Germany, France, and the United Kingdom generate a large portion of these revenues, due to the rising awareness among consumers and producers, and use of additives in various industries, like bakery, confectionary, dairy, and meat products.