London, 31 December 2015: Technavio, the independent tech-focused global research firm, has published a report on the global food additives market 2015-2019, which is expected to grow at a CAGR of 4.86% during 2014-2019.
Growth in the food and beverage industry globally is contributing significantly to the growth of the global food additives market. In addition, the growing trend of natural and healthy food and beverage products in Europe and the Americas will increase the sales of different food additives like antioxidants, fat replacers, and natural and artificial sweeteners
Global food additives market by product segmentation
Source: Technavio, 2015
Flavors and enhancers are the most important part of the food and beverage industry (food additives market). The growing trend of food innovation has propelled the growth of this segment. Also, the increasing number of working women has led to an increase in the demand for processed food, which uses flavors and enhancers for the perfect taste.
“It has been observed that the market for natural shelf-life stabilizers witnessed higher growth in Europe than the synthetic additives market. Consumers perceive natural food additives as being safer and healthier than synthetic food additives. Also, the development of stevia-based products (sweeteners segment) acts as a major reason for the increase in adoption of natural food additives. The demand for drinks with less or no sugar is high among people, so manufacturers have to introduce healthier alternatives,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Rising demand for packaged and convenience food
- Rising health awareness
- Increasing demand in food and beverage industry
- Rise in demand for flavors and enhancers
Key Market Trends
- Increase in adoption of natural food additives
- Increasing demand for processed foods in emerging economies
- Rise in mergers and acquisitions
- Combination of different food additives
Key Market Vendors
- ADM
- ABF
- BASF
- DuPont
- Ingredion
- Kerry Group
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Food Additives Market 2015-2019, please send an e-mail to media@TechNavio.com.
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