Food Additives Market, By Source (Natural and Synthetic), By Product Type (Acidity Regulators, Colorants, Emulsifiers, Enzymes, Hydrocolloids, Flavoring Agents, Preservatives, Sweeteners, and Others), By Application (Bakery & confectionery, Beverages, Convenience Foods, Dairy & Frozen Desserts, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024

Code : CMI366

Pages :150

Formats :

Excel and PDF

Industry : Food and Beverages

Market Concentration and Competitive Landscape

Food Additives Market Concentration By Players

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Rising processed food consumption

As lifestyle changes lead to less time available for cooking homemade meals from scratch, the consumption of packaged and ready-to-eat food items is witnessing a strong growth worldwide. Working professionals and millennial population are favoring convenience foods that can be easily prepared or consumed on-the-go. Rapid urbanization is also contributing to this rise in demand for processed food, with busy urban dwellers heavily dependent on store-bought food products for their daily nutrition. In order to ensure a longer shelf-life, improve sensory qualities and provide required consistency across batches, food additive usage becomes critical for processed food manufacturers. Food additives allow the production of products that closely resemble freshly made food in terms of taste, texture, and appearance while remaining shelf-stable for weeks or months. Their functionality helps address the performance, safety, and quality challenges arising from large-scale processed food production. Hence, food additive suppliers stand to benefit tremendously from the soaring processed food business in both developing and developed nations.

Key Players Insights