Europe dominated the food additives market in 2011, accounting for over 32% of global consumption however, surging demand from india, china and south korea, means asia pacific is expected to be the fastest growing market for food additives, with an estimated compound annual growth rate of 5% from 2012 to 2018. Market synopsis of food additives market market definition a food additive is a functional substance that is added to food products during the production, processing, treatment, packaging, transportation, or storage of food. The global food additives market which is anticipated to grow from us$34618 billion in 2016 to us$41670 billion by 2021, at a cagr of 378% over the forecast period asia-pacific is expected to witness the highest regional market growth owing to growing trends towards nutritional food and increasing demand for convenience food.
The isomaltitol market size shall witness a healthy growth owing to its application in food & beverages and pharmaceutical industry there is an increase in its consumption with growing health concerns such as obesity and diabetes. Growing concerns on health among the ageing population is driving the market for natural food additives in the european region due to growing concerns on the safety of food additives, eu legislation laid down stringent regulations for products entering the eu market. Food additives which are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content, are expected to cross us $50 billion by 2020 growing at a .
The global organic food additives market is increasing due to food and beverages industry with the growing consumer awareness and their increasing interest in healthy lifestyle, the demand for organic food additives has increased recently. The global paint additives market is expected to reach usd 109 billion by 2025 growing use of paints and coatings in the construction and the automotive sectors due to highly preferred solvent properties are major growth factors. Consumers have come to expect that the food they choose from the supermarket shelves will stay fresher for longer but as the market becomes more aware of the role of nutrition in health and well-being, there is concern about the potential risk posed by preservatives and other additives.
Global food additives market will reach usd 4100 billion in 2022, growing at a cagr of 35% between 2017 and 2022. The increasing demand for high quality food products – as the per capita incomes of people keep growing – is likely to drive the global food additives market also, as there are no proper substitutes for food additives and as they play a pivotal role in several application industries, the demand for food additives will surge on a global scale. Evidently, the burgeoning food & beverages industry backed by the growing population, urbanization and improving economic conditions, globally, drive the food additive market. One of the important trends in the market is the growing consumer shift toward natural food additives from synthetically derived ones, a result of the growing concern about the ill-effects that . Increasing demand for nutritious food for livestock along with growing awareness about animal health will propel protein hydrolysates for animal feed application market wide, says global market insights protein hydrolysates are used as a feed for various animals owing to its high nutritional value .
The rising population, growing demand for food, need for food preservation, growing concerns towards food safety due to contamination, rising health concerns, consumer demand for better quality, and increasing consumption of premium food products have been the important reasons driving the demand for food additives such as acidulants, anti . A key trend in the food additives market is the growing demand for natural additives derived from plants, animals, and microorganisms over the next five years, lpi(lp information) projects that food additives will register a xx% cagr in terms of revenue, reach us$ xx million by 2023, from us$ xx million in 2017. According to the report, global food additives market was valued at approximately usd 3350 billion in 2016, is expected to reach around usd 4100 billion in 2022, growing at a cagr of around 35% . Global food additives market was valued at usd 3143 billion in 2014 and is projected to reach usd 3985 billion by 2021, growing at a cagr of 34% from 2015 to 2021.
Food and beverages additives market size is expected to witness significant gains in the coming years led by rising urbanization and upgrading lifestyles resulting in growing demand for convenience and packaged eatable items. Global beverage stabilizers market 2018-2023 - growing demand for customized stabilizer beverage stabilizers are essential food additives that have been used by food & beverage manufacturers . Food additives have gained growing level of importance over the years owing to the diverse requirements of the food industry, end consumers, and regulatory bodies . Increases in population coupled along with growing demand for food are expected to be the major drivers for the global food additives market in addition, consumer demand for better quality food is expected to trigger the growth of food additives market in the coming years.
Evidently, the burgeoning food & beverages industry backed by the growing population, urbanization and improving economic conditions, globally, drive the food additive market changing, lifestyle and consumer preference towards the, packaged/ ready to eat foods and frozen foods are the key factors, propelling the market growth. However, growing consumer awareness on adverse impacts of chemical additives is pressurizing the food & beverage industry to introduce natural additives category the food additives ingredients markets sees opportunity coming in the form of rising innovations to meet the nutraceutical ingredients market requirements. Feed additives market the global feed additives market is forecasted to register a cagr of about 5%, during the forecast period growth in compound feed industry.