HOME Top Market Reports Food Additives Market by Type (Acidulants, Colors, Emulsifiers, Flavors, Hydrocolloids, Preservatives, Sweeteners), Source (Natural, Synthetic), Application (Bakery & Confectionery, Beverages, Dairy & Frozen Desserts), & by Region - Global Forecast to 2020

Food Additives Market by Type (Acidulants, Colors, Emulsifiers, Flavors, Hydrocolloids, Preservatives, Sweeteners), Source (Natural, Synthetic), Application (Bakery & Confectionery, Beverages, Dairy & Frozen Desserts), & by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: FB 1269

 

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The European Commission defines food additive as "any substance not normally consumed as a food in itself and not normally used as a characteristic ingredient of food, whether or not it has nutritive value." Food additives have gained growing level of importance over the years owing to the diverse requirements of the food industry, end consumers, and regulatory bodies across the globe. Food additives are basically used for imparting specific desired properties to food products, enhancing food palatability in terms of food appearance & appeal, ensuring food safety through prevention of contamination, and through extended shelf-life of products.

The report discusses the drivers, restraints, opportunities, and challenges of the market in detail. In the next five years, the markets for acidulants and hydrocolloids are projected to gain better prospects as the fastest-growing segments, globally. The application of food additives is projected to witness strong demand from bakery & confectionery, beverages, and convenience foods segments.

This report estimates the size of the global food additives market in terms of value. The geographical and application-wise split was determined using secondary sources and verified through primary respondents. The demand in different regions was considered while estimating the share of the different regions in the food additives market. The market estimation was also based on various parameters, such as the number of players, demand trends, supply trends, and the extent of research activity in a particular region. The market for food additives is projected to grow at a CAGR of 5.6% to reach USD 52.2 Billion by 2020.

The market was dominated by the North American region in 2014, where the U.S. dominated the regional market with ~78% share in 2014. The market in Europe is projected to grow at steady rate while the market in Asia-Pacific is projected to grow at the highest CAGR. This growth may be attributed to the food & beverage sector in Asia-Pacific region, which is greatly influenced by consumer preferences for healthy eating, trend towards natural & organic foods, and the growing demand for convenience food. The trend in the Asia-Pacific region is influenced by the economic growth of countries, growing industrialization, and higher consumer preference for quality products, resulting in ingredient suppliers becoming increasingly optimistic about the future.

However, the health hazards associated with the consumption of synthetic additives, growing consumer demand for “no additive” food products or products with natural additives, limited availability & high cost of naturally sourced additives, and the rising consumer shift to organic foods have resulted in restrained market growth since the past few years.

Some of the key players in the food additives market include E.I. DuPont (U.S.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), CHR. Hansen Holding A/S (Denmark), Kerry Group Plc (Ireland), and BASF SE (Germany), among others.

The food additives market is segmented as mentioned below:

By Types

  • Acidulants
  • Anti-caking agents
  • Colors
  • Emulsifiers
  • Enzymes
  • Flavors
  • Hydrocolloids
  • Preservatives
  • Sweeteners

By Source

  • Natural
  • Synthetic

By Application

  • Bakery & confectionery
  • Beverages
  • Convenience foods
  • Dairy & frozen desserts
  • Spices, condiments, sauces & dressings
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Regional Analysis

  • Further breakdown of the food additives market by country in different regions in RoW
  • Further breakdown of the type of food additives into their subtypes
  • Further breakdown of the sources of food additives

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Periodization Considered for Food Additives Market
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                               2.1.2.2.1 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Rising Population
                               2.2.2.1.1 Increase in Middle-Class Population, 2009–2030
                    2.2.2.2 Developing Economies, GDP (Purchasing Power Parity), 2013
                    2.2.2.3 Increasing Meat Consumption
                    2.2.2.4 Preference for Natural Additives
                    2.2.2.5 Growth in the Global Beverage and Dairy Industry
                    2.2.2.6 Rising Demand for Bakery Products
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Research & Development Initiatives
                    2.2.3.2 Natural vs Synthetic Food Additives
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions & Limitations
           2.5.1 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 36)
    4.1 Opportunities in the Food Additives Market
    4.2 Key Food Additives Markets, 2015
    4.3 Life Cycle Analysis: Food Additives Market, By Region
    4.4 Food Additives Market, By Type, 2015 vs 2020
    4.5 Asia-Pacific Estimated to Be the Fastest Growing Market for Food Additives, 2015–2020
    4.6 Developed vs Emerging Food Additives Markets, 2015 vs 2020
    4.7 Food Additives Market, Region By Type , 2015
    4.8 Food Additives Market, Application By Region, 2014

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Food Additives Market Segmentation
           5.2.1 Food Additives Market, By Type
           5.2.2 Food Additives Market, By Application
           5.2.3 Food Additives Market, By Source
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Food Products With Extended Shelf Life
                    5.3.1.2 Growing Demand for Convenience Foods
                    5.3.1.3 Rising Consumption of Premium Food & Beverage Products
                    5.3.1.4 Research & Development Driving Innovation
                    5.3.1.5 Multi-Functionality of Food Additives
           5.3.2 Restraints
                    5.3.2.1 Increasing Demand for Organic Foods
                    5.3.2.2 Limited Sources and High Costs of Natural Additives
                    5.3.2.3 Health Effects of Synthetic Additives
           5.3.3 Opportunities
                    5.3.3.1 Emerging Markets in Asia-Pacific & Africa Along With Changing Lifestyles
                    5.3.3.2 Functionality of Natural Additives
                    5.3.3.3 Large Number of Emerging Applications
                    5.3.3.4 Emerging Markets and Changing Consumer Lifestyles
           5.3.4 Challenges
                    5.3.4.1 Fluctuating Prices of Raw Materials Leading to Uncertainty in the Market
                    5.3.4.2 Unclear Labeling Creating Confusion Among Consumers

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Insights
    6.4 Factors Affecting the Choice of Food Additives
           6.4.1 Regulations Effecting the Food Additives Market
                    6.4.1.1 Food Preservatives
                    6.4.1.2 Flavors
                    6.4.1.3 Colors
                    6.4.1.4 Food Emulsifiers
                    6.4.1.5 Food Enzymes
                    6.4.1.6 Anti-Caking
                    6.4.1.7 Sweeteners
                    6.4.1.8 Acidulants
           6.4.2 Permissible Limits
                    6.4.2.1 Preservatives
                    6.4.2.2 Anti-Caking
                               6.4.2.2.1 Fda Regulations
                               6.4.2.2.2 European Regulations
                    6.4.2.3 Sweeteners
                    6.4.2.4 Colors
           6.4.3 Preference to Natural Additves
           6.4.4 Supply of Additives
    6.5 Porter’s Five Forces Analysis
           6.5.1 Threat of New Entrants
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry
    6.6 Strategic Benchmarking
           6.6.1 New Product Launch & Approval, Expansion & Innovation, Strategic Acquisitions & Other Strategies

7 Food Additives Market, By Type (Page No. - 61)
    7.1 Introduction
    7.2 Acidulants
    7.3 Anti-Caking Agents
    7.4 Colors
    7.5 Emulsifiers
    7.6 Enzymes
    7.7 Flavors
    7.8 Hydrocolloids
    7.9 Preservatives Markets
    7.10 Sweeteners

8 Food Additives Market, By Source (Page No. - 87)
    8.1 Introduction
           8.1.1 Colors
                    8.1.1.1 Natural
                    8.1.1.2 Synthetic
                    8.1.1.3 Nature Identical Colors
           8.1.2 Emuslifiers
                    8.1.2.1 Animal Source
                    8.1.2.2 Plant Source
           8.1.3 Enzymes
                    8.1.3.1 Microorganism Source
                    8.1.3.2 Plant Source
                    8.1.3.3 Animal Source
           8.1.4 Flavors
                    8.1.4.1 Natural
                    8.1.4.2 Synthetic
           8.1.5 Hydrocolloids
                    8.1.5.1 Natural
                    8.1.5.2 Synthetic
           8.1.6 Preservatives
                    8.1.6.1 Natural
                    8.1.6.2 Synthetic

9 Food Additives Market, By Application (Page No. - 95)
    9.1 Introduction
           9.1.1 Bakery & Confectionery
           9.1.2 Beverages
           9.1.3 Convenience Food
           9.1.4 Dairy & Frozen Desserts
           9.1.5 Sauces, Dressings, Spices & Condiments
           9.1.6 Other Applications

10 Food Additives Market, By Region (Page No. - 103)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 U.K.
             10.3.4 Italy
             10.3.5 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 Rest of Asia-Pacific
     10.5 Rest of World
             10.5.1 Latin America
             10.5.2 Middle East
             10.5.3 Africa

11 Competitive Landscape (Page No. - 117)
     11.1 Overview
     11.2 Food Additives Market Share Analysis
     11.3 Competitive Situation & Trends
             11.3.1 New Product Launches & Approvals
             11.3.2 Expansions & Investments
             11.3.3 Acquisitions & Strategic Alliances
             11.3.4 Agreements, Partnerships, Collaborations & Joint Ventures

12 Company Profiles (Page No. - 131)
(Overview, Financials, Products & Services, Strategy, Developments, and MnM View)*
     12.1 Introduction
     12.2 Cargill Inc
     12.3 BASF SE
     12.4 Archer Daniels Midland Company
     12.5 E.I. Dupont
     12.6 Kerry Group
     12.7 Evonik Industries AG
     12.8 Ingredion Incorporated
     12.9 Tate & Lyle PLC
     12.10 Chr. Hansen Holding A/S
     12.11 Novozymes A/S

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 169)
     13.1 Discussion Guide
     13.2 Company Developments
             13.2.1 Acquisitions & Strategic Alliance
             13.2.2 Agreements, Partnerships, Collaboration & Joint Ventures
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (83 Tables)

Table 1 Growing Middle-Class Population in Asia-Pacific
Table 2 Meat Consumption, By Type, 2012–2020 (Thousand Tons)
Table 3 Top Five GDP Per Capita (PPP) for Emerging Economies in Asia-Pacific, 2013
Table 4 Global Food Additives Markets Size, By Type, 2013–2020 (USD Million)
Table 5 Acidulants: E-Numbers, Functionalities & Applications
Table 6 Acidulants: Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 7 Acidulants: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 8 Acidulants: European Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 9 Acidulants: Asia-Pacific Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 10 Acidulants: RoW Food Additives Market Size, By Region, 2013 – 2020 (USD Million)
Table 11 Anti-Caking Agents: Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 12 Anti-Caking Agents: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 13 Anti-Caking Agents: European Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 14 Anti-Caking Agents: Asia-Pacific Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 15 Anti-Caking Agents: RoW Food Additives Market Size, By Region, 2013 – 2020 (USD Million)
Table 16 Colors: Food Additives Market Size, By Region, 2013 – 2020 (USD Million)
Table 17 Colors: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 18 Colors: European Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 19 Colors: Asia-Pacific Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 20 Colors: RoW Food Additives Market Size, By Region, 2013 – 2020 (USD Million)
Table 21 Emulsifiers: Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 22 Emulsifiers: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 23 Emulsifiers: European Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 24 Emulsifiers: Asia-Pacific Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 25 Emulsifiers: RoW Food Additives Market Size, By Region, 2013 – 2020 (USD Million)
Table 26 Enzymes: Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 27 Enzymes: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 28 Enzymes: European Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 29 Enzymes: Asia-Pacific Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 30 Enzymes: RoW Food Additives Market Size, By Region, 2013 – 2020 (USD Million)
Table 31 Flavors: Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 32 Flavors: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 33 Flavors: European Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 34 Flavors: Asia-Pacific Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 35 Flavors: RoW Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 36 Hydrocolloids: Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 37 Hydrocolloids: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 38 Hydrocolloids: European Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 39 Hydrocolloids: Asia-Pacific Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 40 Hydrocolloids: RoW Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 41 Preservatives: Food Additves Market Size, By Region, 2013–2020 (USD Million)
Table 42 Preservatives: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 43 Preservatives: Europe Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 44 Preservatives: Asia-Pacific Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 45 Preservatives: RoW Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 46 Sweeteners: Food Additves Market Size, By Region,2013–2020 (USD Million)
Table 47 Sweeteners: North American Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 48 Sweeteners: European Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 49 Sweeteners: Asia-Pacific Food Additives Market Size, By Country, 2013 – 2020 (USD Million)
Table 50 Sweeteners: RoW Food Additives Market Size, By Region, 2013 – 2020 (USD Million)
Table 51 Colors: Food Additives Market Size, By Source, 2013–2020 (USD Million)
Table 52 Emulsifiers: Food Additives Market Size, By Source, 2013–2020 (USD Million)
Table 53 Enzymes: Food Additives Market Size, By Source, 2013–2020 (USD Million)
Table 54 Flavors: Food Additives Market Size, By Source, 2013–2020 (USD Million)
Table 55 Hydrocolloids: Food Additives Market Size, By Source, 2013–2020 (USD Million)
Table 56 Preservatives: Food Additives Market Size, By Source, 2013–2020 (USD Million)
Table 57 Food Additives Market Size, By Application, 2013–2020 (USD Million)
Table 58 Food Additives in Bakery & Confectionery Market Size, By Region, 2013–2020 (USD Million)
Table 59 Food Additives in Beverages Market Size, By Region, 2013–2020 (USD Million)
Table 60 Food Additives in Convenience Foods Market Size, By Region, 2013–2020 (USD Million)
Table 61 Food Additives in Dairy & Frozen Products Market Size, By Region, 2013–2020 (USD Million)
Table 62 Food Additives in Sauces, Dressings, Spices & Condiments Market Size, By Region, 2013–2020 (USD Million)
Table 63 Food Additives in Other Applications Market Size, By Region, 2013–2020 (USD Million)
Table 64 Food Addivtives Market Size, By Region, 2013–2020 (USD Million)
Table 65 North America: Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 66 North America: Food Additives Market Size, By Type, 2013–2020 (USD Million)
Table 67 North America: Food Additives Market Size, By Application, 2013–2020 (USD Million)
Table 68 Europe: Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 69 Europe: Food Additives Market Size, By Type, 2013–2020 (USD Million)
Table 70 Europe: Food Additives Market Size, By Application, 2013–2020 (USD Million)
Table 71 Asia-Pacific: Food Additives Market Size, By Country, 2013–2020 (USD Million)
Table 72 Asia-Pacific: Food Additives Market Size, By Type, 2013–2020 (USD Million)
Table 73 Asia-Pacific: Food Additives Market Size, By Application, 2013–2020 (USD Million)
Table 74 RoW: Food Additives Market Size, By Region, 2013–2020 (USD Million)
Table 75 RoW: Food Additives Market Size, By Type, 2013–2020 (USD Million)
Table 76 RoW: Food Additives Market Size, By Application, 2013–2020 (USD Million)
Table 77 New Product Launch & Approval, 2010–2015
Table 78 Expansions & Investments, 2010–2015
Table 79 Acquisitions & Strategic Alliances, 2010–2015
Table 80 Agreements, Partnerships, Joint Ventures & Collaborations, 2010–2015
Table 81 New Product Launches, and Approval, 2010–2015
Table 82 Acquisitions & Strategic Alliance, 2010–2015
Table 83 Agreements, Partnerships, Collaboration & Joint Ventures, 2010–2015


List of Figures (70 Figures)

Figure 1 Food Additives Market Snapshot
Figure 2 Food Additives Market, By Region
Figure 3 Food Additives: Research Design
Figure 4 Global Population is Projected to Reach ~9.5 Billion By 2050
Figure 5 Growth Rate of Global Beverage Sales, 2011-2016
Figure 6 Annual Per Capita Consumption of Dairy Products and Flavored Milk & Drinks in U.S., By Volume (Pounds), 2011-2016
Figure 7 Bakery Products Market Size, 2010-2015 (USD Billion)
Figure 8 Preservatives Market Share, By Source, 2014
Figure 9 Hydrocolloids Market Share, By Source, 2014
Figure 10 Market Size Estimation Methodology: Bottom-Up Approach
Figure 11 Market Size Estimation Methodology: Top-Down Approach
Figure 12 Data Triangulation Methodology
Figure 13 Food Additives Market Snapshot, By Type, 2015 vs 2020 (USD Million)
Figure 14 Food Additives Market Size, By Region, 2015–2020 (USD Million)
Figure 15 Food Additives Market Size, By Application, 2015–2020 (USD Million)
Figure 16 Food Additives Market Share (Value), By Region, 2014
Figure 17 Favorable Functionalities & Lack of Close Substitutes Drive the Food Additives Market
Figure 18 The U.S. is Estimated to Be the Largest Food Additives Market in 2015
Figure 19 Asia-Pacific Poised for Robust Growth, 2015 to 2020
Figure 20 The Market for Acidulants is Projected to Record High Growth Between 2015 & 2020
Figure 21 The Flavors Segment is Estimated to Dominate the Asia-Pacific Market for Food Additives, 2015
Figure 22 China & India are Projected to Be the Most Attractive Markets for Food Additives During the Forecast Period
Figure 23 Consumption of Food Additives Vary in Accordance With Regional Trends
Figure 24 The Market for Food Additives Was the Largest in the Beverages Segment, 2014
Figure 25 Food Preservatives Market, By Type
Figure 26 Food Preservatives Market, By Application
Figure 27 Food Additives Market, By Source
Figure 28 Value Chain: Food Additives Market
Figure 29 New Products Launch & Approval is the Most Prevailing Strategic Trend in the Food Additives Industry
Figure 30 Porter’s Five Forces Analysis
Figure 31 New Products Launch & Approval: A Key Strategy Adopted By the Market Leaders
Figure 32 Food Additives Market Size, By Type, 2014: A Snapshot
Figure 33 Food Additives Market Size, By Type, 2015 vs 2020 (USD Million)
Figure 34 Acidulants: Food Additives Market Size, By Region, 2015 vs 2020 (USD Million)
Figure 35 Emulsifiers: Food Additives Market Size, By Region, 2015 vs 2020 (USD Million)
Figure 36 Flavors: Food Additives Market Size, By Region, 2015 vs 2020 (USD Million)
Figure 37 Hydrocolloids: Food Additives Market Size, in Europe, 2015 vs 2020 (USD Million)
Figure 38 Food Addivtives Market, By Source
Figure 39 Food Additives Market Size, By Application, 2014 (USD Million)
Figure 40 Food Additives in Convenience Foods Market Size, By Region, 2015 vs 2020 (USD Million)
Figure 41 Food Additives in Dairy & Frozen Desserts Market Size, By Region, 2015 vs 2020 (USD Million)
Figure 42 Food Additives in Other Applications Market Size, By Region, 2014
Figure 43 Geographic Snapshot: New Hotspots Emerging in Asia-Pacific
Figure 44 North America: Food Additives Market
Figure 45 Europe: Food Additives Market
Figure 46 Asia-Pacific: Food Additives Market
Figure 47 RoW: Food Additives Market
Figure 48 New Products Launches, Developments, & Approval Were Preferred By Key Food Additives Companies, 2010–2015
Figure 49 Food Additives Market Share (Developments), By Key Player, 2014
Figure 50 Strengthening Market Presence Through New Product Launches, Expansions & Investments Between 2014 & 2015
Figure 51 New Products Lauches, Developments & Approvals: the Key Strategy, 2014
Figure 52 Geographical Revenue Mix of Top Five Players
Figure 53 Cargill Inc.: Company Snapshot
Figure 54 Cargill Inc.: SWOT Analysis
Figure 55 BASF SE: Company Snapshot
Figure 56 BASF SE: SWOT Analysis
Figure 57 Archer Daniels Midland Company: Company Snapshot
Figure 58 Archer Daniels Midland Company: SWOT Analysis
Figure 59 Dupont: Company Snapshot
Figure 60 Dupont: SWOT Analysis
Figure 61 Kerry Group: Company Snapshot
Figure 62 Kerry Group: SWOT Analysis
Figure 63 Evonik Industries AG: Company Snapshot
Figure 64 Ingredion Incorporated: Company Snapshot
Figure 65 Ingredion Incorporated: SWOT Analysis
Figure 66 Tate & Lyle PLC: Company Snapshot
Figure 67 Tate Lyle PLC: SWOT Analysis
Figure 68 Chr. Hansen Holdings A/S: Company Snapshot
Figure 69 Chr. Hansen Holding A/S: SWOT Analysis
Figure 70 Novozymes A/S: Company Snapshot

The global food additives market is projected to reach a value of USD 52.2 Billion by 2020, at a CAGR of 5.6% from 2015.

The market for food additives has a significant impact on the food & beverage industry across the globe. Food additives are broadly categorized based on their type into acidulants, anti-caking agents, colors, emulsifiers, enzymes, flavors, hydrocolloids, and sweeteners. These food additives are further segmented on the basis of source, including natural and synthetic. The food additives market is also segmented on the basis of application into bakery & confectionery, beverage, convenience foods, dairy & frozen desserts, spices, condiments, and sauces & dressings, among others.

The global food safety testing market has been showing dynamic growth over the years, owing to the growing need for different ingredients and multiple functionalities across food applications. Food additives are used in the food & beverage industry to impart specific properties to food products, enhance food palatability, replace fat content, enhance product shelf-life, and protect food from contamination, among others.

Furthermore, stringent legislatives and regulations with respect to food safety and public health concerns have meant that food processing industries are keen on getting the right formulation to present the best food product to the consumer, and additives play a pivotal role in this aspect. The main driving force for the growing market is the scope and range of food additives and research associated with it.

The figure above depicts the global market size of food additives by region. North America is estimated to account for the majority share in 2015. Europe and Asia-Pacific were estimated to be the second- and third-largest markets, accounting for a combined share of ~53% in 2015.

The food additives market constitutes a large number of players, including E.I. DuPont (U.S.), Archer Daniels Midland (U.S.), Cargill, Inc. (U.S.), Chr. Hansen A/S (Denmark), Kerry Group (Ireland), BASF SE (Germany), Evonik Industries AG (Germany), Tate & Lyle PLC (U.K.), Ingredion Incorporated (U.S.), and Novozymes A/S (Denmark).

The existing companies in this market are actively involved in introducing new products with diverse functionalities that would provide desirable properties to a wide range of products. Other strategies that are largely adopted by the market players include expansions & investments, acquisitions & strategic alliance, agreements, partnerships, and collaborations & joint ventures, among others.

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