February 2019: Adroit Market Research launched a study titled, “Global Food Additives Market Size 2017 By Product [Flavors & Enhancers (Natural and Artificial), Sweeteners (High-intensity Sweeteners (HIS), High-fructose Corn Syrup (HFCS), and Others) Emulsifiers (Stearoyl Lactylates, Mono-, Di-Glycerides and Derivatives, Sorbitan Esters, Lecithin, and Others), Fat Replacers (Protein, Starch, and Others), Shelf-life stabilizers, Enzymes, Others), By Region and Forecast 2018 to 2025”. The study covers the global food additives market value and volume for a period ranging from 2015 to 2025. The global food additives market report also includes qualitative insights into the market such as drivers, restraints, and value chain. We have discussed the India food additives market in detail along with the China food additives market in detail. Additionally, we have provided a glimpse of the global food & beverage industry.
By 2025, the global food additives market size is estimated to reach USD 68.34 billion by 2025. Increased consumer demand for packaged, convenient, and processed food products has increased consumption of food additives over the past few years. World processed food market size was valued at over USD 2 trillion in 2017. Changing lifestyle coupled with increased per capita spending in developing economies is expected to increase food additives market reach over the projected period.
Growing consumption in food & beverage industry to maintain and improve its freshness and enhance aroma, flavor, appearance, texture, and taste is expected to increase its demand over the coming years. Over the past few years, increased working women population coupled with increased dependency on the ready meal and processed foods has increased the popularity of food additives. Growing economy coupled with changing dietary habits in developing countries such India, China, Indonesia, and Brazil is expected to strengthen food & beverage industry, which in turn is expected to increase consumption of food additives over the projected period.
Asia Pacific was the fastest growing region in terms of consumer spending on eating out from period 2006-2017. Asia Pacific accounted for more than 20% of the global food additives market share in 2017. Growing confectionery and bakery industry in India, China, Japan, Indonesia, and Singapore is projected to offer a lucrative market opportunity for food additives manufacturers over the coming years.
Cargill, Ajinomoto Co., Inc., Archer Daniels Midland Company, BASF SE, Mitsubishi International Food Ingredients, Inc., Tate & Lyle, Chr. Hansen A/S, Ingredion, DowDuPont, and Lonza are the leading players present within the global food additives market. Manufacturers operating in this industry are adopting M&A strategy in order to strengthen their distribution network and increase production capacity to stay competitive in the food additives industry. For instance, in June 2015, Archer Daniels Midland Company, an American food processing company, acquired seed and nut processing assets from California Gold Almonds, LLC. Availability of raw materials from California Gold Almonds will help Archer Daniels Midland Company to increase their production capacity for nuts and seeds.
Increased consumption of confectionery and bakery products has encouraged manufacturers to develop new products in order to gain a competitive advantage over other manufacturers. For instance, in 2017, Tate & Lyle PLC, a UK based specialty food ingredients manufacturer, announced the expansion of its functional clean label starch product line with new products CLARIA instant 340 and 360. These initiatives are expected to drive the global food additives market sales over the next few years.
Key segments of the global food additives market
Product Overview, 2015-2025 (USD Million)
- Flavors & enhancers
- Natural flavors
- Artificial Flavor & Enhancers
- Others (Sugar, Natural)
- Mono, Di-Glycerides & Derivatives
- Stearoyl Lactylates
- Sorbitan Esters
- Shelf- life stabilizers
- Fat replacers
Regional Overview, 2015-2025 (USD Million)
- North America
- Latin America
- Middle East & Africa