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Published Date: 2015-07-29Number of Pages: 59

Food Additives Market By Type (Flavors and Enhancers, Sweeteners, Enzymes, Colorants, Emulsifiers, Food Preservatives, Fat Replacers) and By Source (Natural and Artificial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

Food additives are ingredients which are added to the end food products to enhance the taste and appearance. The food additives market by source can be segmented into artificial and natural. In addition food additives market by type has been segmented into flavors and enhancers, sweeteners, enzymes, colorants, emulsifiers, food preservatives, and fat replacers. Increasing demand for functional food additives is also boosting the demand for food additives globally.

Growth     in the food and beverage industry across the world is the major driving factor of the global food additives market. The food and beverage industry is a major end user of food additives. Additionally, rising demand for high quality food products due to high income levels and increasing concern to improve the overall health is also fuelling the demand for the global food additives market at present. Increasing health awareness among the consumers across all regions is fuelling the demand for functional food ingredients. Obesity is one of the major health issues at present and its prevalence is the most in the developed nations such as U.S., Canada, Germany, U.K and France among others. However, obesity issues have also penetrated the young population in recent times. Owing to these factors, the demand for low fat and low calorie food that helps to reduce the overall fat content is gaining popularity among the consumers. This in turn is fuelling the demand for additives such as emulsifiers and sweeteners among others. Therefore, the rising demand for functional food additives is majorly fuelling the demand for the global food additives market at present.

Stringent regulations laid down by the regulating bodies such as the Food and Drug Administration (FDA), European Food and Safety Authority (EFSA) and the European Union (EU) Legislation regarding the safety of food additives is currently inhibiting the growth of the global food additives market. Currently food additives are very strictly regulated and monitored by various regulatory bodies. The U.S. Food and Drug Administration (FDA) set safety standards which determine whether the substances are safe for its usage and intended use. Rigorous testing is being done to determine the compliance of various food additives as per the directives. In addition, the food manufacturers have to prove to FDA that their product is safe before introducing in the market. Under European Union (EU) legislation, food additives must be authorized before they can be used in foods. Authorization by risk managers follows a thorough safety assessment carried out by the European Food Safety Authority (EFSA). Once authorized, these substances are compiled on an EU list of permitted food additives, which also specifies their conditions of use. Therefore, these stringent regulations by the regulating bodies are currently restraining the growth of the global food additives market.

Natural preservatives are gaining momentum in the market driven by the need to replace synthetic and artificial preservatives to have cleaner and healthier products. In spite of their higher cost and limitation, the market for natural additives is witnessing robust growth and it is expected to continue its dominance in the future as well.

There are two types of food additives, when added for a specific purpose it is known as direct additive for e.g. salt, and when added for packaging, storing or handling of food, it is known as indirect additives. Additives are used to maintain and improve the safety of packaged food, enhance nutritional value, improve taste, appearance, texture and consistency of food. More than 3,000 additives are estimated to be used globally within drink and food products. These additives are used for various purposes such as enhancing the texture of the food, to stop the microbes from multiplying and spoiling the food, to improve the appearance of the food, to add flavor and alter the texture of the food through gel formation and for many more reasons.

Among the different product types of food additives, flavors and enhancers held the largest market in 2014 and is estimated to hold the largest market throughout the forecast period. Flavors and enhancers is followed by fat replacers, which is estimated to hold the largest market for food additives over the forecast period.
By source, artificial food additives held the largest market for food additives in 2014. However, natural food additives are estimated to be the fastest growing segment over the forecast period.

Among the different regions including North America, Europe, Asia Pacific and RoW, Europe held the largest market share of 30.1% in 2014, followed by Asia Pacific. Asia Pacific held a market share of 27.2% during 2014. However, Asia Pacific is expected to hold the largest market for food additives by 2021.

The global food additives market was valued at USD 31.43 billion in 2014 and is projected to reach USD 39.85 billion by 2021 in terms of revenue. The market in terms of revenue is expected to grow at a CAGR of 3.4% over the forecast period.

Ajinomoto Co Inc, BASF SE, Cargill Inc., Archer Daniels Midlands Company are some of the major players operating in the global food additives market.

food-additives

 

 

Chapter 1 Preface

1.1 Report description

1.2 Research scope

1.3 Research methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market Overview

3.1 Overview

3.1.1 Forms of food additives and its applications

3.2 Value chain analysis

3.3 Market Dynamics

3.3.1 Drivers

3.3.1.1 Growing food and beverages industry

3.3.1.2 Increasing demand for functional food additives due to rising health concerns

3.3.1.3 Shift in trends from synthetic additives towards natural additives

3.3.2 Restraints

3.3.2.1 Stringent Regulations and guidelines to be followed for food additives before being used

3.3.2.2 Difficulties working with natural additives

3.3.3 Opportunities

3.3.3.1 Growth for synthetic additives still exists in emerging markets

3.4 Market attractiveness analysis

3.5 Market share by key players

 

Chapter 4 Food Additives Market, by Product Type

4.1 Introduction

4.2 Flavors & Enhancers

4.2.1 Flavors and Enhancers Market Revenue, 2014 – 2021 (USD Billion)

4.3 Sweeteners

4.3.1 Sweeteners Market Revenue, 2014 – 2021 (USD Billion)

4.4 Enzymes

4.4.1 Enzymes Market Revenue, 2014 – 2021 (USD Billion)

4.5 Colorants

4.5.1 Colorants Market Revenue, 2014 – 2021 (USD Billion)

4.6 Emulsifiers

4.6.1 Emulsifiers Market Revenue, 2014 – 2021 (USD Billion)

4.7 Food Preservatives

4.7.1 Food Preservatives Market Revenue, 2014 – 2021 (USD Billion)

4.8 Fat Replacers

4.8.1 Fat Replacers Market Revenue, 2014 – 2021 (USD Billion)

 

Chapter 5 Food Additives Market, by Source

5.1 Introduction

5.1 Artificial Food Additives

5.1.1 Artificial Food Additives Market Revenue, 2014 – 2021 (USD Billion)

5.2 Natural Food Additives

5.2.1 Natural Food Additives Market Revenue, 2014 – 2021 (USD Billion)

 

Chapter 6 Food Additives Market, by Geography

6.1 Introduction

6.2 North America

6.2.1 North America Food Additives Market Revenue, 2014 – 2021 (USD Billion)

6.2.2 Revenue, 2014 – 2021 (US$ Billion)

6.3 Europe

6.3.1 Europe Food Additives Market Revenue, 2014 – 2021 (USD Billion)

6.3.2 Revenue, 2014 – 2021 (US$ Billion)

6.4 Asia Pacific

6.4.1 Asia Pacific Food Additives Market Revenue, 2014 – 2021 (USD Billion)

6.4.2 Revenue, 2014 – 2021 (US$ Billion)

6.5 Rest of the World

6.5.1 Rest of the World Food Additives Market Revenue, 2014 – 2021 (USD Billion)

6.5.2 Revenue, 2014 – 2021 (US$ Billion)

 

Chapter 7 Company Profiles

7.1 Ajinomoto Co., Inc.

7.2 Archer Daniels Midland Company

7.3 Associated British Foods plc

7.4 AVEBE U.A.

7.5 BASF SE

7.6 Cargill, Inc.

7.7 Chr. Hansen A/S

List of Figures 

 

FIG. 1 Market Segmentation: Global Food Additives Market

FIG. 1 VALUE CHAIN ANALYSIS OF FOOD ADDITIVES

FIG. 2 Growth in food and beverages industry, 2011- 2018 (USD Billion)

FIG. 3 Obese and overweight population in selected regions, 2011

FIG. 4 Global food additives market attractiveness, by type, 2014

FIG. 5 Global food additives market share by company, 2011

FIG. 6 Global food additives market revenue share (%), by product type

FIG. 7 Flavors and enhancers market revenue, 2014 - 2021 (USD billion)

FIG. 8 Sweeteners market revenue, 2014 - 2021 (USD billion)

FIG. 9 Enzymes market revenue, 2014 - 2021 (USD billion)

FIG. 10 Colorants market revenue, 2014 - 2021 (USD billion)

FIG. 11 Emulsifiers market revenue, 2014 - 2021 (USD billion)

FIG. 12 Food preservatives market revenue, 2014 - 2021 (USD billion)

FIG. 13 Fat replacers market revenue, 2014 - 2021 (USD billion)

FIG. 14 Global food additives market revenue share (%), by source

FIG. 15 Artificial food additives market revenue, 2014 - 2021 (USD billion)

FIG. 16 Natural food additives market revenue, 2014 - 2021 (USD billion)

FIG. 17 Global food additives market revenue share (%), by Geography

FIG. 18 North America food additives market revenue, 2014 - 2021 (USD billion)

FIG. 19 Europe food additives market revenue, 2014 - 2021 (USD billion)

FIG. 20 Asia Pacific food additives market revenue, 2014 - 2021 (USD billion)

FIG. 21 Rest of the World food additives market revenue, 2014 - 2021 (USD billion)

List of Tables

 

TABLE 1 Global food additives market snapshot

TABLE 2 Drivers of Food Additives Market: Impact Analysis

TABLE 3 Restraints of Food Additives Market: Impact Analysis

TABLE 4 North America Food Additive market revenue (US$ billion), by Type (2014 – 2021)

TABLE 5 North America Food Additive market revenue (US$ billion), by Source (2014 – 2021)

TABLE 6 North America Food Additive market revenue (US$ billion), by Country (2014 – 2021)

TABLE 7 Europe Food Additive market revenue (US$ billion), by Type (2014 – 2021)

TABLE 8 Europe Food Additive market revenue (US$ billion), by Source (2014 – 2021)

TABLE 9 Europe Food Additive market revenue (US$ billion), by Country (2014 – 2021)

TABLE 10 Asia Pacific Food Additive market revenue (US$ billion), by Type (2014 – 2021)

TABLE 11 Asia Pacific Food Additive market revenue (US$ billion), by Source (2014 – 2021)

TABLE 12 Asia Pacific Food Additive market revenue (US$ billion), by Country (2014 – 2021)

TABLE 13 Rest of the World Food Additive market revenue (US$ billion), by Type (2014 – 2021)

TABLE 14 Rest of the World Food Additive market revenue (US$ billion), by Source (2014 – 2021)

TABLE 15 Rest of the World Food Additive market revenue (US$ billion), by Country (2014 – 2021)

Companies in the food and beverages industry is constantly looking for ways to improve the longevity of their products without compromising on their flavors or appearance. This is where food additives come into play in an increasingly competitive global food and beverages industry. Food additives can either be natural or synthetic, with the demand for the former witnessing a steady increase over the last few years.

For the purpose of this study, the report segments the global food additives market on the basis of the following criteria: Product type, source, and geography. Each of these segments is studied in detail, creating a vivid picture of the current dynamics that prevail in the global food additives market. The report takes into consideration the drivers, restraints, and opportunities (DROs) that are at play in the global food additives market and will influence its growth trajectory over the next few years.

On the basis of product type, the report segments the global food additives market into: Flavors and enhancers, enzymes, sweeteners, emulsifiers, colorants, fat replacers, and food preservatives. Likewise, on the basis of source, the report segments the market into Europe, North America, Asia Pacific, and Rest of the World.

Overview of Global Food Additives Market

The growing trend of obesity in mature markets is perhaps the greatest opportunity for companies in the global food additives market. With more and more people suffering from overweight and obesity, there is a definite demand for naturally-sourced food additives. Low-calorie additives will be among the most sought-after characteristic in nearly every type of food and beverage product. However, even as they plan their growth strategies, companies in the global food additives market will have to contend with challenges such as inflation, a strict regulatory control on the quality of food products, and the need to constantly cater to changing health-related fads. Food additives, being chemically formulated for the most part, come under the regulation of government directives. Hence, companies find themselves faced with the need to comply with different directives in different national markets.

Although natural additives will become more popular over the foreseeable future, they are currently perceived as premium products. Moreover, they cost nearly ten times more than synthetic food additives. This factor will, for now, keep the latter in the leading position in the global market (especially in India, Malaysia, and China). Flavor enhancers were the most widely used type of food additives in 2014, and will continue to stay at the top through the report’s forecast period. Fat replacers trail flavor enhancers, and their status quo will likely remain unchallenged, too.

From the global perspective, the report notes that Europe stood as the largest market for food additives. However, the Asia Pacific food additives market is growing robustly and will report a high growth rate over the next few years. Asia Pacific will thus create a high demand for food additives in the coming years – an opportunity that companies in this space cannot afford to ignore.

Companies Profiled in the Global Food Additives Market

Currently, the global food additives market is composed of both small and large companies, each trying to strengthen their hold over the market with unique products in specific markets. Some of the leading companies in the market are: Cargill (the second-largest company in the market), BASF SE (boasts a diversified raw material portfolio), Associated British Foods (holds second place globally in sugar production), and Ajinomoto (globally leading company for MSG and aspartame).

Global Food Additives Market by Product Type:

  • Flavors and Enhancers
  • Sweeteners
  • Enzymes
  • Colorants
  • Emulsifiers
  • Food Preservatives
  • Fat Replacers

Global Food Additives Market by Source:

  • Natural
  • Artificial

Global Food Additives Market by Geography/ Country

  • North America
    • S.
    • Canada
    • Others
  • Europe
    • Germany
    • K.
    • France
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • Others
  • RoW
    • Middle East
    • Latin America
    • Africa

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments