Food and Beverage Additive Industry Segmentation, Strategic analysis, Latest Innovations and Growth by 2034
At a phenomenal CAGR of 5.8%, the food and beverages additives market is expected to strike US$ 52.2 billion by 2020. The food and beverage additives market is being driven by the global growth of the food and beverage sector. Sales of food and beverage additives are increasing over the world owing to shifting population eating trends in packaged food and beverage consumption.
The food and beverage additives market is segmented on the
basis of product type which includes sweeteners, flavors and flavor enhancers,
preservatives, enzymes, fat replacers, colorants, emulsifiers and others
(texturizers and shelf life stabilizers). Among all these segments flavors and
flavor enhancers segment is expected to occupy the largest position on the pie.
Increasing demand for processed food with better taste and flavor is attributed
to this growth.
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Moreover, sweeteners is another segment which is predicted
to show a substantial growth as it is seen as sugar alternative. Thus rise in
demand for low calorie product due to increased diabetic problem across the globe
is expected to support the demand of sweetener during the forecast period. Fat
replacers segment is also expected to be the major contributor in terms of
revenue. Rising demand for low fat products due to increased rate of obesity
level and heart diseases is expected to attribute this growth. Food emulsifiers
segment is expected to show a healthy growth in the near future followed by
food enzymes.
On the basis of application the food and beverages additives
market segmentation includes food products and beverages products. Food
products segment is further sub segmented as processed and frozen food, bakery
and confectionery products, snack food products, dairy products, meat and
poultry products and others (baby food products). Among all these segments processed
and frozen food products is expected to account for major market share.
Increasing disposable income especially in developing regions has led the
consumers inclination towards packaged or convenience food products which is
simultaneously expected to support the growth of the market.
Beverages is further sub segmented as soft drinks and fruit
juices, energy/sport drinks, alcoholic beverages and bottled water. Among all
these sub segments soft drinks and fruit juices is expected to account for the
major market share followed by energy/sport drinks. Increasing awareness among
the people for healthy diet has raised the demand for packaged soft drinks and
fruit juices which is further expected to contribute to the market. Also, the
demand of energy/sport drinks is rising which is expected to support a
substantial growth to the food and beverages additives market.
Food and Beverages Additives Market Drivers
Rising demand for convenience and packaged foods coupled
with increasing health consciousness among the people in developed economies is
expected to support the growth of food and beverages additives market during
the forecast period. In emerging economies, rising disposable income and
shifting of consumer preference towards enhanced food products with flavors and
taste is expected to fuel the growth of food and beverages additives market
during the forecast period.
Food and Beverages Additives Market: Key Players
Some of the major players operating in food and beverages
additives market includes Symrise AG, Sensient Technologies Corporation, Royal
DSM NV, Tate & Lyle plc, Kerry Group plc, Givaudan SA and Firmenich SA
among others.
Regional analysis for Food and Beverages Additives Market
includes
- North
America
- US
& Canada
- Latin
America
- Brazil,
Mexico, Others
- Western
Europe
- EU5
- Nordics
- Benelux
- Eastern
Europe
- Asia
Pacific
- Australia
and New Zealand (ANZ)
- Greater
China
- India
- ASEAN
- Rest
of Asia Pacific
- Japan
- Middle
East and Africa
- GCC
Countries
- Other
Middle East
- North
Africa
- South
Africa
- Other
Africa
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
Information Source:
https://www.futuremarketinsights.com/reports/food-and-beverages-additives-market
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