Insights of Food Additives in Global Industry Development
Food additives are substance added in food to enhance the taste, qualities, appearance and preserve the food from bacterial effects. Also, the food additives are categorized as acidulents, acidity regulator, antioxidants, antifoaming & foaming agents, emulsifiers, flavor enhancers, color retention agents, stabilizer and sweeteners, among others. Besides, improving taste and quality, these additives are added to preserve the processed food from microbial growth. Growing population and increasing demand for processed food across the world is driving growth of the food additives market. Also, growing concern for food safety and rising incidence of foodborne diseases in developed countries is expected to further augment market growth. According to Coherent Market Insights, the global food additives market is dominated by North America, followed by Europe and Asia Pacific, respectively in 2016. Growing demand for ready-to-eat food is propelling demand for food additives especially in developed regions of North America and Europe. Food additives are used across meat, fish, dairy, confectionary, beverages, and bakery industries to restrict the growth of microorganisms.
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Rising disposable income and rapidly growing population is increasing the demand for food and in turn food additives across the globe. Also, growing urbanization and increasing number of women workforce is shifting the trend towards processed and convenience food. North America is dominating the enhancers, sweetener and colorants market due to high consumption of baked food and confectionery products across in the region. Fat replacement additives are beings extensively used across the food sector, as consumers are increasingly inclined towards low-fat food products. For instance, The Dow Chemical Company, introduced Omega-9 and olive oil as fat replacement product for fried food.
Multinational players are continuously focusing on merger & acquisition for product expansion and enhancing their global presence. For instance, in 2014, Symrise acquired Diana Group. Also, in 2012, FMC Corporation acquired Phytone and in 2010, BASF SE acquired Cognis is expected to propel the market of food additives during the forecast period.
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This report segments the global Food Additives market on the basis of source, product type and application. On the basis of source, the market is segmented as natural source and synthetic source. On the basis of product type, the global Food Additives market is segmented as Sweetener, Flavors and Enhancers, Colorants, Enzymes, Food Preservatives, Fat Replacers and Others. On the basis of application, the global Food Additives market is segmented into Dairy Products, Meat, Poultry and Sea Food, Bakery, Beverages, Confectionery and Others.
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