Market Research Reports

Food Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

80pages
Published Date: 2015-07-29
 

Description


Food additives are substances which are added to food products in order to preserve flavor and enhance its taste and appearance. The food additives market by type has been segmented into flavors and enhancers, sweeteners, enzymes, colorants, emulsifiers, food preservatives, and fat replacers. In addition, food additives market by source can be segmented into artificial and natural. Food additives being a chemical substance is regulated by government directives globally. The manufacturers of food additives have to constantly modify their products in order to meet customer requirements. Food and beverage industry is one of the major end users for food additives. Stable growth of food and beverage industry is one of the major factors driving the food additives market globally. In addition, increasing demand for functional food additives is also boosting the demand for food additives globally.

The Food and Drug administration (FDA) defines a food additive as, any substance the intended use of which results or may reasonably be expected to result, directly or indirectly, in its becoming a component or otherwise affecting the characteristic of any food (including any substance intended for use in producing, manufacturing, packing, processing, preparing, treating, packaging, transporting, or holding food; and including any source of radiation intended for any such use); if such substance is not GRAS or sanctioned prior to 1958 or otherwise excluded from the definition of food additives.

The food additives that the FDA does regulate are broken down into three categories. "Indirect Food Additives" include packaging materials such as paper, plastic, cardboard and glue that come into contact with food. "Direct Food Additives" include preservatives, nutritional supplements, flavors and texturizers that are added to food. "Color Additives" are used to alter color.

Increasing health consciousness and increasing demand for natural food additives over synthetic food additives is also expected to boost the food additives market. However, stringent rules and regulations governing the food additives market and changing customer requirements is expected to restrain the demand for food additives in the forecast period.

By geography the food additives market has been segmented into North America, Europe, Asia Pacific and Rest of the world. Europe is the largest market for food additives followed by North America. However, Asia Pacific with large number of upcoming business utilities holds large potential for the food additives market.

This report has been segmented by type, by source and by region. The study highlights the current market trends and provides forecasts from 2015 to 2021. The report also analyzes the macroeconomic factors that are driving and inhibiting the growth of the food additives market. The report would help manufacturers, suppliers, and distributors to understand the current and future trends in this market and formulate their strategies accordingly.

By types, flavors and enhancers held the largest market for food additives in 2014, followed by fat replacers and sweeteners. It is estimated the trend would be the same over the forecast period and it is expected that flavors and enhancers would hold its position as the market leader in 2021, followed by fat replacers and sweeteners.

Food additives are made by using raw material such as sugar, starch, corn syrup, sodium benzoate and others which are reacted with certain chemicals and are blended with various ingredients such as grains and soya to match the requirement by the FDA.  The food additives market globally comprises of six categories: texture, nutritional, flavor, color, preservatives and miscellaneous. There are two types of additives, direct and indirect. Additives can be direct additives, which are added for a specific purpose in the food such as to improve its taste, nutritive value, ease in processing and to retain the quality of food during handling and retailing for e.g. emulsifiers are used to improve the texture, iodine is added to salt to maintain its nutritional value and many more. There are also indirect additives, which are not added intentionally but get included into the foods during processing, handling and packaging for e.g. inclusion of adhesives and components of coatings, paper and paperboard components, polymers etc.

By geography, the market is segmented into four regions; North America, Europe, Asia Pacific and RoW. Europe held the largest market for food additives in 2014, however it is estimated that Asia Pacific would hold the largest market share for the food additives market by 2021.

The key players dominating the market for the food additives are Ajinomoto Co, Inc., ADM, Associated British Foods Plc and BASF among others.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Table of Contents



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)

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Free Market Analysis



Food additives are ingredients which are added to the food products to enhance the taste and appearance of the food item. Food additives can be segmented into two major segments by source; natural and artificial. Natural food additives are directly extracted from natural products and artificial food additives are synthesized from chemical compounds.

Although factors such as supply chain management, quality control of products and inflation are some of the challenges faced by the food additives industry. In addition, increasing demand for high quality food products due to high income levels and increasing concern to improve overall health is likely to drive the growth of the food and beverages industry. Europe accounted for the largest market share, but due to increasing global trade, expansion of stores and local foreign joint ventures, Asia Pacific is expected to be the most promising market in the future for food and beverages.

The number of people suffering from obesity has doubled in last few years. In North America and Europe a major portion of the adult population is suffering from obesity. Apart from this, the prevalence of obesity among teenagers and children has increased considerably in the past few years. In addition, North America is also having obesity as one of the major problems with about 30% of the population suffering from obesity and weight loss issues. Owing to these factors, the demand for low calorie and low fat food is flavoring additives which help reduce overall fat content. This is fueling the demand for additives such as emulsifiers, sweeteners, hydrocolloids, minerals and vitamins.

Natural preservatives are also 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 is 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.

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