Lucintel’s latest market report analyzed that food additive provides attractive opportunities in various applications, such as bakery & confectionery, beverages, convenience foods, dairy & frozen desserts, and spices, condiments, and sauces & dressings. The food additive market is expected to grow at a CAGR of 3%-5%. In this market, sweeteners are the largest segment by type, whereas bakery and confectionary is largest by application.
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Based on type, the food additive market is segmented into acidulants, anti-caking agents, colors, emulsifiers, enzymes, flavors, hydrocolloids, preservatives, and sweeteners. The sweeteners segment accounted for the largest share of the market in 2020 consumers believe in low-calorie sweeteners which will be effective for various purposes which includes weight reduction, weight maintenance, management of diabetes and reduction in the risks associated with obesity.
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The food additive market is marked by the presence of several big and small players. Some of the prominent players offering food additive include E.I. DuPont, Archer Daniels Midland, Cargill, Chr. Hansen, Kerry Group, BASF, Evonik Industries, Tate & Lyle, Ingredion Incorporated, Novozymes, Ajinomoto, and Eastman Chemical Company.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link email@example.com.
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