Market Data Forecast recently published a report on the “North America Food Additives Market” which estimates the market to grow from USD 13.37 billion from 2016 to USD 17.30 billion with a high CAGR of 5.30%.
Food additives are edible substances added to food products to enhance their taste, colour, appearance and texture. Besides improving quality, these additives are added to prevent microbial growth and increase longevity of processed food products. Food additive provides multiple advantages such as protection against food spoilage during storage, transportation, distribution or processing.
Food additives can be of both artificial and natural. Organic food additives have a higher demand in the market as compared to synthetic. And with the shift towards a healthy lifestyle, natural food additives demand is bound to increase.
With the rise in population, there is an increasing demand for healthy food products and packaged food product, which is one of the prime reasons for the growth of this market. Increasing awareness among the masses regarding organic food additives is also influencing the market growth. But, the market growth is regulated due to U.S. regulatory providing stringent laws to determine the safe additives, and also on the amount of consumption and quality on the food grade used in the additives
The additives are segmented based on type, source and application, and are studied for a deep-level understanding of the Food Additives market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
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Based on Type:
- Anti-caking agents.
Based on Source:
Based on Application:
- Bakery & confectionery.
- Convenience foods.
- Dairy & frozen desserts.
- Other Applications.
Geographically, North America market for Food Additives is segmented into U.S. and Canada. North America is the biggest market in terms of market share across the globe.
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E.I. DuPont, Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc. and BASF SE are the major players of North America Food Additives market. Kerry Group has achieved a 3.8% growth since 2015 in American region for food additives in year 2016.
Scope of the North America Food Additives Market:
- Regional and country-level analysisthat provides an innate perspective of USA and Canada Market to that of the North American region
- To detect major focus areas of industrial growth Segment-level analysison basis of type, application, end-user along with market size forecasts and y-o-y estimations are provided
- Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
- PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
- An extensive listing of major market playersalong with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
- mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
- Expertly devised Market Outlook comprising theInvestment opportunities to provide both individuals and organizations a strong financial foothold in the market.
Checkout other related studies in the Additives Segment:
Sugar Toppings Market: http://www.marketdataforecast.com/market-reports/global-sugar-toppings-market-1284/
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