Food Additives Market Size Worth $55.8bn By 2022
Ocean View, Delaware, Aug. 22, 2016 (GLOBE NEWSWIRE) -- Food Additives Market size may reach USD 55.8 billion by 2022; according to a new research report by Global Market Insights, Inc.
Positive indicators for packaged & frozen foods consumption owing to hectic lifestyle particularly in the U.S, Germany, France and UK, should promote global food additives market size. These ingredients are used with the primary intention to impart flavor, nutritional and color characteristics. Primarily used packaged foods include ready-to-eat meals, frozen meals, cake mixes, and snacks.
Europe food additives market size may observe 4.8% growth with Germany and France being the major contributors. Growing popularity of alcohol-free beer, savory snacks and sugar free confectionaries should provide an impetus to Germany food & beverage industry growth and also provide a scope for local manufacturers to increase production capacity.
Flavors & fragrances was the largest revenue generating segment in 2014 and accounted for over 30% of the total share. Majorly used flavors & enhancers include monosodium glutamate (MSG), calcium inosinate, glutamic acid and natural extracts such as herbs and neem. Natural flavors market may witness above average industry gains at over 5% CAGR.
Enzymes based food additives market may witness over 5.5% growth up to 2022. Carboxylase, protease, lipase, polymerase and xylanase are major enzyme types majorly incorporated in formulation of baked products to improve organoleptic properties and crust appearance. Moreover, price advantage over its counterparts is projected to favor product demand.
High fructose corn syrup (HFCS) market size was close to USD 500 million in 2014. Rising preference over conventional sugar due to its comparatively less pricing should favor HFCS demand. In addition, increasing availability of farmland meant for corn production coupled with agriculture industry growth in China and India should promote HFCS market size.
Phospholipids, glycerol, yeast, lactic acid, sorbitol soybeans and oil seed derived chemicals are major raw materials used in manufacturing process. Raw material supply deficit should put pressure on supplier margins and affect food additives market price trend.
Regulatory inclination towards promoting the consumption and production of naturally derived products have enhanced the importance of bio based chemicals namely sorbitol, oleochemicals and lactic acid. Their availability is restricted with tight raw supply situation from soy and oilseed industry.
Strategic alliances and collaborations with raw material suppliers is an attractive approach to maintain feedstock supply. Mandatory food safety registrations may result in high manufacturing cost and act as entry barriers for small scale producers.
Browse key industry insights spread across 125 pages with 119 market data tables & 12 figures & charts from the report, “Food Additives Market Size By Product [Sweeteners (HFCS, High Intensity), Flavors & Enhancers (Artificial, Natural), Emulsifiers (Mono, Lecithin, Di-Glycerides, Sorbitan Esters, Stearoyl Lactylates,), Enzymes, Fat Replacers (Starch, Protein), Shelf-life Stabilizers], Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:
Key insights from the report include:
China food additives market size may witness more than 5% growth and surpass USD 5 billion by 2022. Strong sales outlook for China based processed products such as noodles and sauces in Europe and North America should drive regional industry growth.
Lecithin based emulsifiers in U.S. food additives market may observe significant gains at over 5% CAGR. Technological innovation for incorporating functional ingredients product formulation may fuel regional industry growth.
Starch based fat replacers market was generated over USD 1 billion revenue in 2014. Carbohydrates and starch are incorporated as fat replacers and may witness high demand from formulators in light of low price.
Sorbitan esters based emulsifiers may should observe strong growth rate at over 6%. They are used in formulation of shortenings, coffee whiteners, toppings, confectionery coatings and chocolates.
MEA flavors & enhancers industry is largely driven by meat consumption in Saudi Arabia, UAE, and South Africa may result in significant gains.
Global food additives market share is competitive. Key industry players include ADM, DuPont, Novozymes and Ingredion. Some companies are fully integrated to attain avoid raw material uncertainty and maximize profitability
Other industry participants include Tate & Lyle, Chr. Hansen, Cargill, BASF, Ajinomoto, Bio Springer and Adani Wilmar.
Global Market Insights has segmented the food additives industry on the basis of product and region:
Food Additives Market Product Analysis (Revenue, USD Million, 2012 - 2022)
Flavors & Enhancers
Artificial Flavor & Enhancers
Mono, Di-Glycerides & Derivatives
Shelf- life stabilizers
Food Additives Market Regional Analysis (Revenue, USD Million, 2012 - 2022)