Food Additives Market

1. Food Additives Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global food additives market size was valued at USD 50.6 billion in 2020 and is expected to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to increasing population, increasing awareness towards healthy diet, rapid development in food and beverage sectors, and improved economic stability. The food additives are ingredients that are added to food to enhance the appearance and taste of food. Sugar, salt, smoke, and vinegar are some examples of food additives. Additives are useful preserve food for long time such as wines, sweets, and bacon. The covid-19 pandemic affected the demand and supply of the global food additivesmarket. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period. Sample - https://growthmarketreports.com/request-sample/1033 Market Trends, Drivers, Restraints, and Opportunities Rising demand for packaged and prepared foods is projected to boost the market. Increased use of additives in beverages and food sector is the major factors fueling the market. Strict regulations on the production are projected to restrict the market expansion during the forecast period. High cost of production and Limited availability of product is projected to hamper the market growth in the coming years. R&D investment and technological advancement in food additives market is projected to offer lucrative opportunities for the market players.     

2. Market Segment Insights The sweeteners segment accounts for a key share of the market and expected to grow at a rapid pace Based on types, the global food additives market is bifurcated into sweeteners, preservatives, anti- caking agents, hydrocolloids, food colorants, acidulants, food flavors and enhancers, enzymes, and emulsifiers. The sweeteners segment is sub-segmented into sucrose, lactose, bulk sweeteners, HFCS, fructose, and others. The preservatives segment is sub-segmented into benzonates, natural antioxidants, sorbates, and others. The anti-caking agents’ segment is sub-segmented into silicon dioxide, calcium compounds, sodium compounds, and others. The hydrocolloids segment is sub- segmented into xanthan gum, starch, gelatin gum, and others. The food colorants segment is sub- segmented into natural food colorants and synthetic food colorants. The acidulants segment is sub- segmented into lactic acid, citric acid, phosphoric acid, and others. The food flavors and enhancers segment are sub-segmented into flavor enhancer, natural flavors, and synthetic flavors. The enzymes segment is sub-segmented into lipase, carbohydrase, protease, and others. The emulsifiers segment is sub-segmented into sorbate esters and derivatives & mono- di-glycerides. The sweeteners segment accounts for a key share of the market. Growth of the market is attributed to increasing population, rising awareness towards healthy diet, rapid development in food and beverage sectors, and improved economic stability.However, the acidulants segment is anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living, increasing demand for acidulants products, rising demand for beverages and food products prepared from safe additives, and increasing consumption of prepared food. market The On the basis of applications, the global food additives market is segmented into beverages, dairy and frozen desserts, convenience foods, bakery and confectionery, and others. The beverages segment accounts for a key share of the market. Growth of the market is attributed to increasing population, increasing awareness towards healthy diet, and improved economic stability.However, the bakery and confectionery segment are anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living and increasing demand for acidulants products. beverages segment accounts for a key share of the share The On the basis of regions, the global food additives market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of Latin America is anticipated to expand at a high CAGR during the forecast period due to increasing population and improved economic stability. The market of Asia Pacific is estimated to hold major market share due to rising demand for beverages and food products prepared from safe additives and increasing consumption of prepared food. market in Asia Pacific is estimated to hold major market Inquiry- https://growthmarketreports.com/enquiry-before-buying/1033 Competitive Landscape Key players competing in the global food additives market include Eastman Chemical Company, Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, Ajinomoto Co., Inc., Tate and Lyle Plc, Hermes Sweetners Ltd., D.D. Williamson & Co., Inc., DSM, Corbion Purac, Firmenich, Dow Chemical Company, Kerry Group, and Weifang Ensign Industry Co., Ltd. Some of these players are using several market strategies such as acquisitions, merger,

3. collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter