Food Additives Market Driven by Increasing Cases of Obesity among Teenagers

Food additives are substances added to various food products for enhancing their appearance and taste or for preserving their flavor. A variety of food additives have been utilized by man, such as vinegar for the preservation of food by pickling, sulfur dioxide for wines, salting as in the case of bacon, etc. Food additives can be of both artificial and natural origin. For the regulation of these additives and in order to keep customers informed, each food additive has been assigned a unique number called as ‘E number’ in European countries. The Food and Drug Administration (FDA) in the U.S. categorizes food additives as ‘generally recognized as safe’ (GRAS).

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.

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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

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