Food Additives Market Growing at a CAGR of 5.75% during the forecast period from 2018 to 2023 Booming with Topmost key Players like E.I. DuPont, Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE

Food Additives Market Overview:

Food additives are essentially used for imparting specific desired properties to food products, improving food palatability in terms of food appearance & appeal, ensuring food safety throughout prevention of contamination, and through extended shelf-life of products. They have gained a rising level of importance over the years owing to the diverse requirements of the food industry, end consumers. The global food additives manufacturers are upgrading product portfolio, quality and technology as per the basis of the food processing industry.

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The market for Food Additives is mainly driven because of growing consumption of food and beverages with rich nutrition content and better visual appeal, which are improved by food additives. Further, the increasing demand for packaged products including ready-to-eat meals, appetizers and frozen meals is also raising the demand for additives. However, the market growth is declining due to stringent laws to determine the safe additives, which doing the process complex to register to new additives by companies.

Food Additives Market Report (2018-2023):

The Global Food Additives Market has been estimated at USD 45.29 Billion in 2018 and is projected to reach USD 59.9 Billion by 2023, at a CAGR of 5.75% during the forecast period from 2018 to 2023.

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Food Additives Market Segmentation:

The global market for Food Additives is segmented based on type, source and application. By type, the market is additionally sub-segmented into Acidulants, Anti-caking agents, Colors, Emulsifiers, Enzymes, Flavors, Hydrocolloids, Preservatives, Sweeteners. By Source, the market is moreover sub-segmented into Natural and Synthetic. By Application, the market is further classified into Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings. The flavours segment accounts for the highest market share followed by the sweeteners segment in the market by type. The demand for food additives in beverages accounted for the highest share, while the sauces, dressings, spices, condiments segment is forecasted to be the fastest-growing segments.

Geographically, the market for Food Additives is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the largest market in terms of market share across the globe, followed by Europe. Food Additives demand in the Europe region is rising owing to the growing importance of functional ingredients for incorporating properties such as emulsification, flavour, and extension of shelf life. The Food Additives market in the Asia-Pacific region is forecasted to grow at the largest CAGR, which is hugely influenced by consumer preferences for healthy eating, the trend towards natural & organic foods in the emerging economies.

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Major Players:

Some of the major companies operating in the current Market are E.I. DuPont, Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE

Key Takeaways from this Report:

· For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
· Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
· Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
· Increase overall revenue by understanding the geographical impact on sales and distribution channels.
· Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
· Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
· Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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