Global Food Additives Market – Competitive Analysis
Highly competitive the Global Food Additives Market appears fragmented owing to the presence of a sizeable number of well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, expansion, partnership, and product & technology launch in order to gain a competitive advantage in this market and to maintain their market positions. The market is expected to witness fierce competition due to the predicted product & service extensions and product innovations.
These leading players have also made high investments locally as well as in the emerging countries to expand their distribution network, production capacity, and supply chain. The supplier’s strategy to sustain in the market is to obtain strong financial support. These players strive to minimize the cost of their product by adopting cost-effective manufacturing methods.
Major Players:
Key players leading the Global Food Additives Market include-
- Archer Daniels Midland Company (US)
- Cargill India Private Limited, E. I. du Pont de Nemours & Company (US)
- Chem-Mex Industries Incorporated (US)
- CHR. Hansen Holding A/S (Denmark)
- Kerry Group Plc. (Ireland)
- Novozymes A/S (Denmark)
- BASF SE (Germany)
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The Global Food Additives Market is growing rapidly mainly due to the augmented adoption of these additives led by the demand from the burgeoning food & beverages industry, worldwide.
Over the past few years, the F&B industry is proliferating attributing to the growing population, urbanization and improving economic conditions. Moreover, factors such as the rapidly changing, lifestyle and consumer preference inclining towards packaged/ ready to eat foods and frozen foods are escalating the market on the global platform.
Acknowledging the exponential growth, the market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the already thriving Global Food Additive Market will further gain colossal accruals by 2023, registering a considerable CAGR during 2018 to 2023.
Additional factors substantiating the growth of the market include growing disposable income and rising urban middle-income group. Globally, western countries account for the highest demand for food additives. Extensive use of these additives in domestic as well as commercial food preparation settings defines the growth landscape of the market, globally.
On the flip side, factors such as the stringent government regulations that outlaw specific food additive inhibits market growth. For instance; the US FDA Banned the use of around seven synthetic food additives after environmental groups take the legal action.
Similarly, CBD-infused food is banned by the Health Department at restaurants in New York. While, the FDA is yet to decide two overlapping petitions — a food additive petition requesting the agency take action on uses of ortho-phthalates in contact with food submitted by Earthjustice, EDF, and nine other public health allies.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Food Additives Market
6. Global Food Additives Market, by Source
7. Global Food Additives Market, by Type
8. Global Food Additives Market, by Application
9. Global Food Additives Market, by Region
10. Company Landscape
TO BE CONTINUE ………….
Global Food Additives Market – Segments
For enhanced understanding, the report has been segmented into four key dynamics.
By Product Type
- Antioxidants
- Nutrition Enhancer
- Flavoring Agent
- Sweeteners
- Emulsifiers
- Colorants
- Acidity Regulators
By Application
- Bakery & Confectionery
- Dairy & Beverages
By Packaging
- Bag
- Sachet
- Bulk
- Mason Jar
- Bottle
- Drum
- Box
By Regions
- North America
- Asia Pacific
- Europe
- Rest-of-the-World
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Global Food Additives Market – Regional Analysis
The Global Food Additives Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global food additives market is highly dominated by North America and Europe due to high demand for food commodities and increased health consciousness supporting the sales of natural ingredients. APAC is the fastest growing region due to changing lifestyle and improved disposable income in that region. The consumption of food additives in countries like Germany, the U.S., India, Brazil, and China is expected to grow in the upcoming years.
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