TechNavio recognizes the following companies as the key players in the Global Food Additives Market: Archer Daniels Midland Co., BASF SE, E.I. du Pont Nemours and Co., and Givaudan S.A.
Commenting on the report, an analyst from TechNavio’s team said: “A recent trend witnessed in the Global Food Additives market is the growing consumer preference for natural food additives such as herbal extracts. Consumers across the globe are realizing the importance of good health and the benefits of natural food additives, especially natural flavors and colors. Moreover, the demand for natural shelf-life stabilizers in Europe has exceeded that of synthetic additives. Consumers perceive natural food additives to be safer and healthier than synthetic food additives. Though the cost of manufacturing natural food additives is much higher than synthetic food additives, the growing health-conscious population is influencing its adoption rate. Thus, the increasing preference for natural food additives will have a positive influence on their production and consumption, thereby leading to new and innovative products being launched in the market during the forecast period.”
According to the report, one of the main drivers in this market is the growth of the F&B industry. This is mainly attributed to the increase in consumer spending habits as a result of the improvement in the economic growth globally.
Further, the report states that one of the main challenges in this market is the intense competition among vendors. This is mainly because of the highly fragmented nature of this market due to the presence of a large number of vendors. The fragmented nature of the market has paved the way for intense competition among vendors, which in turn has resulted in price wars.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Ajinomoto Co. Inc., Associated British Foods plc (ABF), Cargill Texturizing Solutions, CSM N.V., Kerry Group plc, Novozymes A/S, Royal DSM N.V., and Sensient Technologies Corporation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-food-additives-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Food Additives Market 2012-2016
