Food Additives Industry To Generate $56 Billion By 2024

10/apr/2018 10:46:04 susan hill Contatta l'autore

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The global Food Additives Market is anticipated to reach USD 56 billion by 2024. Rapid growth in the food & beverage industry in the Middle East and BRICS (Brazil, Russia, India, China, and South Africa) -as a result of growing domestic consumption and rising foreign direct investments -is projected to augment the market growth. Increasing awareness of different types of tastes. In addition, manufacturers are increasing their production capacities, two to rise demands for packaged foods including ready-to-eat products, frozen meals etc. which will eventually therefore augment the market growth. The global market is categorized as products and regions.

The product sector includes flavors & enhancers (natural, artificial), enzymes, sweeteners (high intensity, HFCS), emulsifiers (mono, lecithin, di-glycerides, sorbitan esters, stearoyl lactylates), fat replacers (protein, starch), and shelf -life stabilizers. The enzymes sector is estimated to be the fastest growing sector, with a CAGR of over 6% from 2016 to 2024. Flavors & enhancers dominated the application sector in 2016 accounting for 30% of the total market revenue. CAGR of over 6% from 2016 to 2024.

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Sweeteners are mainly used in formulating F & B products. Moreover, growing health concerns such as tooth decay, diabetes, etc. and high-calories food products are high fructose Corn Syrup (HFCS) and High-Intensity Sugars (HIS). CAGR of over 5% during the estimated years.

 The European food additives market over 30% of the overall share in 2016 The Asia-Pacific region accounted for 27% in 2015 and is anticipated to experience considerable gains over the next few years. The Indian market is expected to grow at a decent CAGR of over 5% during the forecast period. The Middle East is said to be a high-potential market.

BASF SE includes the major companies in the food additives market; EI du Pont de Nemours and Company; Eastman Chemical Company; and Cargill Inc.

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