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Food Additives Market Comprehensive Analysis, Growth Opportunities and Forecast 2024

Author : Rahul Sankrityayan | Published Date : 2019-05-13 

Global Market Insights, Inc. has recently added a report on Food Additives Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Growing consumer awareness about health consciousness along with supportive government schemes has led to widespread usage of food additives in market. Rapid expansion of technology in food industry pertaining to consumer's demand for healthy and organic product options will positively influence market growth.

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Food additives have various applications in bakery and confectionary, beverages, dairy and frozen products, sauce and dressings amongst others. Global frozen desserts market size accounted over USD 10 Billion in 2017 and is predicted to register substantial gain in future period owing to rising trend of outside dining and inclination of young population towards tasty flavors.

Food additives are used to improve the safety and quality along with lengthening the shelf life, keeping it fresh and suitable to consume for longer periods. They help in preventing the growth of fungi, bacteria, and yeasts due to the presence of water in excess quantities leading to product spoilage. Growing preferences of consumers toward processed products and beverages owing to the changing lifestyle patterns accompanied by high economic growth will drive the market growth for food additives in the coming years.

Sweeteners Market is projected to surpass over USD 60 billion by 2024. Consumers believe in low-calorie sweeteners will effective for various purposes which includes weight reduction, weight maintenance, management of diabetes and reduction in the risks associated with obesity, thereby driving the industry growth.

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Food additives Market from bakery & confectionery application is projected to reach over USD 35 billion by 2024. They are widely used in various bakery & confectionary applications which includes cakes, biscuits & cookies, chocolates, sandwiches and breads. They enhance the volume and texture of baked goods.

Food emulsifiers Market may witness a significant gain at over 4% during forecast timeline. They are widely used in processing and also to maintain freshness & quality. They can prevent the growth of moulds which will happen in case the oil and fat separated in low fat spreads.

Food additives Market from beverage application is projected to reach over USD 50 billion by 2024. They are widely used in various beverage applications including soft drinks, juices, coffee, and wines. Fumaric acid is used as an additive in alcoholic beverages, including spirits, beer, malt beverages, wine, wine coolers and low-alcohol beverages, thereby propelling the industry growth.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/food-additives-market-size

North America driven by the U.S., Canada and Mexico food additives Market is expected to reach at USD 29 billion by 2024. The growing demand for confectionery and beverage products in North America due to hectic lifestyle, increased urbanization and growing retail and hospitality sector is in turn expected to drive the growth demand in the region.

Food additives market share is concentrated with various players including BASF, Cargil, DuPont, ADM, Ajinomoto and Adani Wilmer are the prominent industry participants. High R&D spending by manufacturers towards comply with environmental regulations may improve & expand product diversification thereby stimulate industry growth.

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Gourmet Salts Market

https://www.marketwatch.com/press-release/gourmet-salts-market-overview-2019-to-2024-industry-analysis-regional-outlook-growth-forecast-2019-05-09

Food Safety Testing Market

https://www.marketwatch.com/press-release/food-safety-testing-market-growth-2019-25-industry-analysis-by-contaminant-technology-food-type-2019-05-10

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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