Market Research Future Published a Half-Cooked Research Report on the Global Organic Food Additives Market, which is estimated to grow at a CAGR 5.1 % during the forecast period 2017-2023
Market Overview:
Food additives are substances used to preserve the flavor, maintain the taste, as well as other qualities. Food Additives Market Growth are the natural additives which serve as a better alternative to food additives as it offers extra nutrients such as minerals, vitamins, phytonutrients, and others. These preservatives also help in reducing the spoilage from air, bacteria, fungi, and yeast. Changing lifestyle and consumer’s preference towards ready to eat food, packaged foods and frozen foods are key drivers for the market. These additives are observing a high demand because of its nutritional as well as extra micro nutritional attributes. Growing health concerns among a sizeable global population, together with increasing awareness about the benefits of consuming organic foods are most likely to foster the demand for organic food additives. Health-conscious consumers nowadays, precisely check product labels to know the exact composition of packaged foods before purchasing. Organic food labelling is currently an increasing trend among manufacturers.
Competitive Landscape:
E.I. du Pont de Nemours and Company (US), Archer Daniels Midland Company (US), Cargill Inc. (US), BASF SE (Germany), Tate & Lyle (UK), Chr. Hansen Holding A/S (Denmark), Novozymes A/S(Denmark), Kerry Group Plc (Ireland), Danisco A/S (Denmark), Givaudan (Switzerland), Brenntag AG (Germany), Firmenich SA (Switzerland), Associated British Foods plc (UK), International Flavors & Fragrances Inc. (US), and Foodchem International Corporation (China) are some of the companies making substantial changes in the global food additives market through various strategic dealings. These moves often incorporate mergers, acquisitions, innovations, hiking investment for research and development facility, launching, branding, tie-ups, and others as prominent ways to set a path for individual and holistic growth. MRFR tried listing their recent moves to create an opportunity that would help in decoding trends that are impacting the global market.
Market Segmentation:
The global study of the organic food additives market has been segmented by MRFR experts into form, type, and application. These segments are carriers of data that have been carefully gleaned by the experts and are then backed by figures, facts, graphs, charts, and others to increase their credibility.
By form, the global market for organic food additives market has been segmented into dry and liquid. Both these segments have a specific application and are expected to provide traction to the market.
By type, the market for organic food additives has been studied on the basis of vitamins & minerals, colorants, acidulants, enzymes, flavors & sweeteners, hydrocolloids, and others. The flavors & sweeteners segment is expected to contribute notably.
By application, the report with details of the organic food additives has been studied on the basis of beverages, dairy & frozen dessert, bakery & confectionery, soups, sauces & dressings, sweet & savory snacks, and others. The bakery & confectionery segment may register strong growth.
Regional Analysis:
The North American market is expected to take charge of the global organic food additives market. This market would benefit from increasing investment in the sector, better traction from the confectionery segment, growing funding for research and development, and others. The US and Canada are making substantial contributions.
Industry News:
The recent COVID-19 strike has changed the market equation a lot. People are now more concerned about their health than before and trying to take measures that will help them in staying fit. In doing so, they are also not shying away from spending a bit of extra money. This has been the case in the UAE, where studies in June 2020 revealed a stark rise in food delivery services with demand for organic food. In fact, while ordering, people are also taking note of the additives and unnatural additives are getting boycotted. This creates a scope for the market for organic food additives to rise and take a chance in establishing a proper stand for itself.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/organic-food-additives-market-4004
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