According to a new market report published by Lucintel, the future of the food additive market looks promising with opportunities in the bakery & confectionery, beverage, dairy & frozen dessert application segments. The global food additive market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are growing demand for processed food, requirement of ensuring food safety through prevention of contamination, and demand for extending shelf-life of products.
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Food additive is a substance added to food to enhance its flavor or appearance or to preserve it. In this market, acidulants, colors, emulsifiers, flavors, hydrocolloids, preservatives, and sweeteners are the major types of food additive. Lucintel forecasts that flavors will remain the largest type segment over the forecast period, as they are widely used in various products to improve the overall nutrient value.
Within this market, bakery & confectionery will remain the largest species type segment over the forecast period due to the presence of a wide variety of bakery & confectionary applications, which include cakes, biscuits & cookies, chocolates, sandwiches, and breads.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the economic growth of countries, growing industrialization, and higher consumer preference for quality products in this region.
DuPont, Archer Daniels Midland, Cargill, CHR. Hansen, Kerry, and BASF are among the major suppliers in the global food additive market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global food additive market by type, source, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Food Additive Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global food additive market by type, source, application, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Acidulants
Colors
Emulsifiers
Flavors
Hydrocolloids
Preservatives
Sweeteners
By Source [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Bakery & Confectionery
Beverages
Dairy & Frozen Desserts
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.