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Global Market for Food Additives to Reach $37.7 Billion by 2018
By: PR Newswire
Dec. 5, 2012 07:03 PM
FARMINGTON, Conn., Dec. 5, 2012 /PRNewswire-iReach/ -- Food additives represent a global, multi-billion dollar market, dominated by additive categories, including flavor and flavor enhancers, hydrocolloids, acidulants, and emulsifiers. There are several factors that are directly or indirectly driving the global food additives market. These include concerns related to food safety; health and nutrition, especially the need to control the spread of diabetes, obesity and food allergies; the emergence of value-added products; the need for convenience; the continued increase in raw materials and energy costs; commercialization of new products; and the need to make significant investments in research and development and in securing regulatory approvals. Other factors driving the food additives market include the adoption of sophisticated food processing methods by developing countries, restructuring of food processing companies, and a demand for more complicated food ingredients by processors, which are fuelling the demand for food additives.
Global Information Inc (GII) presents two market research reports covering the global food additives and artificial sweetener markets. Also from our premium research partner Global Industry Analysts, Inc., are two related reports of significance highlighting the global food safety testing and animal feed additives markets.
The global food additives market is projected to reach $37.7 billion by 2018. While consumers dictate trends in foods and beverages, the food additives market is expected to face all-too-familiar challenges in future. These may include delivering foods to new markets quickly and cheaply, developing quality products at affordable rates, adopting new packaging techniques, and increasing consumer awareness regarding the safety of new preservation methods.
Consumer preference is clearly favoring natural additives over synthetic additives. The categories benefiting the most and also affected the most due to the "naturals" trend include colors and flavors, where natural additives are gaining over synthetic additives. For instance, despite the higher cost and limitations, natural colorants are witnessing robust growth in the food colorants market. The trend is more or less similar in the flavors and flavor enhancers market, where demand for natural flavors is driven by consumer perception that naturals have health benefits. Natural flavors and flavor enhancers, such as monosodium glutamate and ribonucleotides, are likely to benefit from this trend. However, this trend has given rise to a situation where food additive makers are being pressurized to develop additives from natural sources, which is proving to be a daunting task for manufacturers operating in this space. Another prominent trend stimulating market expansion is the growing consumer fondness for the highly processed food products, making food makers demand more customized solutions from food additive suppliers. Additionally, there is a continuing trend towards low-calorie, low-fat foods favoring additives that help reduce overall fat content in foods. This trend is benefiting additives, such as sweeteners, emulsifiers, hydrocolloids, and vitamins and minerals.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go124532-food-additives.html
The global market for artificial sweeteners is projected to reach $1.7 billion by the year 2018. Major players in the marketplace include Ajinomoto Co. Inc., Cumberland Packing Corporation, Hermes Sweeteners, Merisant, Spherix, and Tate & Lyle, among others.
Rising concern over the safety of artificial sweeteners is paving way for increased acceptance of various natural sweeteners such as plant-extracted stevia, cane sugar and agave nectar in the market. Stevia-based sweeteners are emerging as major alternative to the existing low-calorie artificial sweeteners, owing to its ability to offer enhanced health benefits in comparison to other sweeteners. However, robust growth of this sugar substitute is currently hampered due to several issues, with the major ones being improper access to extraction and refining technology, lack of coordinated standards and unpleasant after-taste profile of the sweetener, among others.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go138679-artificial-sweeteners.html
Food Safety Testing
Driven by the continuous rise in the product recalls due to contamination by bacteria and other micro organisms, rising awareness about the harmful effects of consuming contaminated food, and implementation of stringent regulatory specifications, the global market for food safety testing is projected to reach $19.7 billion by 2018.
Major players profiled in the report include 3M Company, BioControl Systems Inc., bioMérieux SA, Biolog Inc., Celsis International Ltd., Charm Sciences Inc., DuPont Qualicon Inc., FOSS A/S, Eurofins GeneScan Europe AG, Genetic ID NA Inc., Neogen Corp., R-Biopharm AG, SDIX, and Thermo Fisher Scientific, Inc.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go136183-food-safety.html
Animal Feed Additives
The global market for animal feed additives is forecast to reach $23.5 billion by the year 2018. Key players profiled in the report include Adisseo France SAS, Ajinomoto Co Inc., Alltech Inc., BASF SE, Danisco A/S, DSM Nutritional Products, Lallemand Inc., Lesaffre Feed Additive, Lonza Group Ltd., and Novozymes A/S, among others.
Feed additives help optimize the yield potential of animal production by aiding in superior digestibility of feedstuffs and meeting the nutritional needs of companion and farm animals. Feed-grade additives also improve the living environment of animals by preventing or reducing the pollution caused due to animal manure. Animal feed additives are rapidly rising in popularity based on its vast medicated as well as non-medicated applications for poultry, pig, aquaculture, companion animals, and ruminant feed. Increasing health-consciousness of consumers, continued breakthroughs, especially in research and clinical applications areas, and expanding commercial applications will help ensure sustained growth in the market. Advancements in feed manufacturing technology, and new feeding concepts unraveled possibilities to manufacture a range of novel products for companion and livestock.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go124539-animal-feed-additives.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
SOURCE Global Information, Inc.
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