Synthetic Food Additives Reveal Mammoth Opportunity for Growth in Emerging Countries, Says TMR

Transparency Market
Research
Food Additives Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 - 2021
Published Date
29-07-2015
59 Page Report
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Press Release
Synthetic Food Additives Reveal Mammoth Opportunity for
Growth in Emerging Countries, Says TMR
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Food Additives Market
REPORT DESCRIPTION
The global food additives market is highly fragmented with a wide range of products and an equally large
number of market players, working for the food industry. The growth in the food and beverages industry
directly impacts the growth of the food additives market. The manufacturers in the food additives market
have to consistently modify their products to meet the requirements of customers. Of late, customers are
demanding newer flavors, gelatin-free, low fat, and color free products. Thus, companies are focusing on
these customer requirements and launching newer products from time to time, Transparency Market
Research finds in a new study.
Additive makers in the market comprise small, medium, and large size companies that work with different
market and product focus. The major players in the market include Cargill, Danisco, Givaudan, Archer
Daniels Midland, BASF, and Sensient Technologies Corporation. These players collectively accounted for a
massive 68.5% of the global food additives market in 2011.
Rising Demand for Functional Food to Work in Favor for Food Additives Market
The increasing prevalence of obesity, cancer, cardiovascular disorders, and other health issues have
strongly created a demand for functional foods that benefits for the prevention, management, or the
treatment of chronic diseases. This has spurred a growth in the demand for functional food additives.
Increasing cases of obesity among teenagers have fueled the demand for additives such as hydrocolloids,
emulsifiers, vitamins, and minerals. Apart from this, the growing population worldwide has led to a growth
in the food and beverage industry, which in turn is driving the demand for food additives.
Strict Monitoring by Regulatory Bodies to Hamper Growth of Food Additives Market
The U.S. Food and Drug Administration (FDA) has set safety standards that needs to be complied with, so
that food additives can be used commercially. Rigorous testing is being done to determine the safety of
additives. This can hamper the growth of the market. Another challenging factor includes the difficulty in
working with natural additives. The demand for natural additives is growing high among the health
conscious consumers and suppliers are unable to meet the demands. Natural flavors such as
ribonucleotides and monosodium glutamate have several health benefits associated with them. As such,
manufacturers are forced to focus on natural sources for developing natural food additives. However, this
is proving to be a challenging task owing to the shortage of raw material supply and difficulty in working
with natural sources.
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Availability of Synthetic Additives at Cheap Prices to Provide Growth Opportunity to
Manufacturers in Emerging Countries
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Food Additives Market
Although the rising health awareness among consumers is driving the demand for natural food additives,
the use of synthetic additives is still acceptable in the emerging economies. The rising demand for food
and beverages and the availability of synthetic additives at affordable prices is driving their demand.
Another factor why synthetic additives are being preferred to their natural counterparts, is the fact that
natural additives have low shelf life. Moreover, natural additive products are being perceived as premium
products and thus, are extremely expensive as compared to synthetic additives.
By product, the flavors and enhancers segment led the market in 2014 and will continue to retain its
leading position in the coming years, states a TMR analyst. By source, the artificial segment led the market
in 2014 and will continue to do so by the end of 2021. By geography, the global food additives market was
led by Europe in 2014. However, Asia Pacific is expected to take over the leading position by 2021.
According to the report, the global market opportunity in food additives will rise from US$31.43 bn in 2014
to US$39.85 bn by 2021 expanding at a 3.4% CAGR from 2015 to 2021.
This information is based on the findings of a report published by Transparency Market Research titled
“Food Additives - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”
The global food additives market is segmented as follows:
Product
•
Flavors and Enhancers
•
Sweeteners
•
Enzymes
•
Colorants
•
Emulsifiers
•
Food Preservatives
•
Fat Replacers
Source
•
Natural
•
Artificial
Geography/ Country
North America
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Food Additives Market
•
U.S
•
Canada
•
Others
Europe
•
Germany
•
U.K
•
France
•
Others
Asia Pacific
•
China
•
India
•
Japan
•
Others
RoW
•
Middle East
•
Latin America
•
Africa
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report description
1.2 Research scope
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Food Additives Market
1.3 Research methodology
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Overview
3.1.1 Forms of food additives and its applications
3.2 Value chain analysis
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Growing food and beverages industry
3.3.1.2 Increasing demand for functional food additives due to rising health concerns
3.3.1.3 Shift in trends from synthetic additives towards natural additives
3.3.2 Restraints
3.3.2.1 Stringent Regulations and guidelines to be followed for food additives before being used
3.3.2.2 Difficulties working with natural additives
3.3.3 Opportunities
3.3.3.1 Growth for synthetic additives still exists in emerging markets
3.4 Market attractiveness analysis
3.5 Market share by key players
Chapter 4 Food Additives Market, by Product Type
4.1 Introduction
4.2 Flavors & Enhancers
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Food Additives Market
4.2.1 Flavors and Enhancers Market Revenue, 2014 – 2021 (USD Billion)
4.3 Sweeteners
4.3.1 Sweeteners Market Revenue, 2014 – 2021 (USD Billion)
4.4 Enzymes
4.4.1 Enzymes Market Revenue, 2014 – 2021 (USD Billion)
4.5 Colorants
4.5.1 Colorants Market Revenue, 2014 – 2021 (USD Billion)
4.6 Emulsifiers
4.6.1 Emulsifiers Market Revenue, 2014 – 2021 (USD Billion)
4.7 Food Preservatives
4.7.1 Food Preservatives Market Revenue, 2014 – 2021 (USD Billion)
4.8 Fat Replacers
4.8.1 Fat Replacers Market Revenue, 2014 – 2021 (USD Billion)
Chapter 5 Food Additives Market, by Source
5.1 Introduction
5.1 Artificial Food Additives
5.1.1 Artificial Food Additives Market Revenue, 2014 – 2021 (USD Billion)
5.2 Natural Food Additives
5.2.1 Natural Food Additives Market Revenue, 2014 – 2021 (USD Billion)
Chapter 6 Food Additives Market, by Geography
6.1 Introduction
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Food Additives Market
6.2 North America
6.2.1 North America Food Additives Market Revenue, 2014 – 2021 (USD Billion)
6.2.2 Revenue, 2014 – 2021 (US$ Billion)
6.3 Europe
6.3.1 Europe Food Additives Market Revenue, 2014 – 2021 (USD Billion)
6.3.2 Revenue, 2014 – 2021 (US$ Billion)
6.4 Asia Pacific
6.4.1 Asia Pacific Food Additives Market Revenue, 2014 – 2021 (USD Billion)
6.4.2 Revenue, 2014 – 2021 (US$ Billion)
6.5 Rest of the World
6.5.1 Rest of the World Food Additives Market Revenue, 2014 – 2021 (USD Billion)
6.5.2 Revenue, 2014 – 2021 (US$ Billion)
Chapter 7 Company Profiles
7.1 Ajinomoto Co., Inc.
7.2 Archer Daniels Midland Company
7.3 Associated British Foods plc
7.4 AVEBE U.A.
7.5 BASF SE
7.6 Cargill, Inc.
7.7 Chr. Hansen A/S
About Us
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Food Additives Market
Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
proprietary data sources and various tools and techniques to gather, and analyze information. Our
business offerings represent the latest and the most reliable information indispensable for businesses to
sustain a competitive edge.
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Transparency Market Research
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The global food additives market is highly fragmented with a wide range of products and an equally large number of market players, working for the food industry. The growth in the food and beverages industry directly impacts the growth of the food additives market. The manufacturers in the food additives market have to consistently modify their products to meet the requirements of customers. Of late, customers are demanding newer flavors, gelatin-free, low fat, and color free products. Browse Full Report With ToC:http://www.transparencymarketresearch.com/food-additives.html