Rising Demand For Convenience And Packaged Foods, Where Additives Are Used In Greater Quantities, Is Fueling Food Additives Market Growth

 


Food additives are ingredients that are used in food products to improve the texture of the food. Emulsifiers, acidity regulators, enzymes, colourants, flavouring agents, hydrocolloids, preservatives, and sweeteners are the various types. Food additives are commonly used to improve the sweetness, flavour, and prevent food spoilage. The expansion of the processed food industry in developing regions is primarily driving the growth of the food additives market. Population growth, combined with rising per capita income, is driving demand for processed foods. According to the United States Department of Agriculture Economic Research Service, consumers, businesses, and government entities in the United States spent $1.71 trillion in 2018 on food and beverages in grocery stores and other retailers, as well as on away-from-home meals and snacks.

 

Preservatives, sweeteners, emulsifiers, anti-caking agents, hydrocolloids, colourants, acidulants, food flavour and enhancers, and enzymes are some of the additives used in food. Each segment is further subdivided into popular sub-segments and applications. Furthermore, the market is divided into regions such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The market is driven by the widespread use of additives in the food and beverage industries for various functions such as preservative, flavour enhancer, emulsifier, sweetener, colourant, and many others. In addition, rising demand for convenience and packaged foods, where additives are used in greater quantities, is fueling Food Additives Market growth.

 

However, strict environmental regulations such as those imposed by the FDA for additives used directly in processed foods and food-contact substances such as food packaging products are expected to stymie market growth. The food additive market is heavily influenced by the global sweetener market. Bulk sweetener and sugar substitute are included in this category. The bulk sweetener is further classified as Sucrose and Fructose. Lactose, High Fructose Corn Syrup (HFCS), and other sugar substitutes Bulk sweetener is the largest segment, accounting for 56.66 percent of the market. Sucrose commands a market share of more than 13%. Furthermore, rising health concerns about artificial sweeteners such as aspartame and saccharin are fueling consumer interest in natural sweeteners. Steviol glycosides are the primary drivers of growth in the natural high-intensity sweeteners market, followed by monk fruit extract mogroside V. Stevia.

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