Lucintel Blog: Lucintel Forecasts Food Additive Market to Grow at a CAGR of 3%-5%

Monday, January 10, 2022

Lucintel Forecasts Food Additive Market to Grow at a CAGR of 3%-5%

According to the recent study the food additive market is projected to grow at a CAGR of 3%-5% from 2020 to 2025. Growth in this market is primarily driven by growing demand for convenience and packaged foods and increasing demand for additive in the food and beverage sector as preservative, flavor enhancer, and emulsifier.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in food additive market by type (acidulants, anti-caking agents, colors, emulsifiers, enzymes, flavors, hydrocolloids, preservatives, and sweeteners), source (natural and synthetic), application (bakery & confectionery, beverages, convenience foods, dairy & frozen desserts, spices, condiments, sauces & dressings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/food-additive-market.aspx

“Sweeteners market is expected to remain the largest segment during the forecast period.”

Based on type, the food additive market is segmented into acidulants, anti-caking agents, colors, emulsifiers, enzymes, flavors, hydrocolloids, preservatives, and sweeteners. Lucintel forecasts that the sweeteners market is expected to remain the largest segment during the forecast period because consumers believe in low-calorie sweeteners which will be effective for various purposes which includes weight reduction, weight maintenance, management of diabetes and reduction in the risks associated with obesity.

“Within the food additive market, the bakery and confectionary segment is expected to remain the largest application.”

Based on application, the bakery and confectionary segment is expected to witness the largest segment over the forecast period due to they are widely used in various bakery & confectionary applications which includes cakes, biscuits & cookies, chocolates, sandwiches and breads, and the flavors enhance the volume and texture of baked goods.

“North America will dominate the food additive market in near future.”

North America is expected to be the largest region over the forecast period due to increasing demand for processed food products among consumers.

Download Brochure of this report by clicking on https://www.lucintel.com/food-additive-market.aspx

Major players of food additive market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. E.I. DuPont, Archer Daniels Midland, Cargill, Chr. Hansen, Kerry Group, BASF, Evonik Industries, Tate & Lyle, Ingredion Incorporated, Novozymes, Ajinomoto, and Eastman Chemical Company are among the major food additive providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/food-additive-market.aspx or helpdesk@lucintel.com.

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Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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