(Entertainment-NewsWire.com, May 17, 2017 ) Asia-Pacific Food Additives Market research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 6.90% to reach USD 12.44 billion by 2021, from USD 8.91 billion in 2016, which amounts to a cumulative growth of USD 3.53 billion.
Food additives are ingredients which enrich the appearance and taste of the end food products when are added it. They used for conferring specific desired properties to food products, improving food palatability in terms of food appearance & appeal.
The report also presents detailed analysis of multitude of factors affecting the Food Additives Market bearing either positive or negative outcomes. Some of those factors are
• Due to increasing population, rising demand for food, and need for food preservation
• Increasing concerns towards food safety due to contamination, and growing health concerns
• Consumer demand for high quality, and growing consumption of premium food products
• Due to strict regulations by the food administration bodies regarding the safety of the contents and amount of usage
For granular level understanding the Food Additives Market is segmented based on Type, Source, and Application, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on type, the market is further sub-segmented into Anti-caking agents, Acidulants, Colors, Flavors, Emulsifiers, Hydrocolloids, Enzymes, Sweeteners, and Preservatives. Based on Source, the market is further sub-segmented into Natural and Synthetic. Based on Application, the market is further sub-segmented into Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings. The flavors segment accounts for the largest market share after the sweeteners segment in the market by type. The dressings, spices, sauces, condiments segment is predicted to be the fastest-growing segments, while the demand for food additives in beverages considered for huge share.
With India and China being the major economies which have unexplored customer base covered in the study the report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific. The Food Additives market in the Asia-Pacific region is expected to grow at the highest CAGR, which is greatly influenced by consumer inclines for healthy eating, trend towards natural & organic foods in the growing economies. This is dominating to high penetration of global key market players to enter into the region as they see a opportunities in this region and great potential for profits. Some of the key players that operate in the Asia-Pacific Food Additives Market include Archer Daniels Midland Company, E.I. DuPont, Cargill, Incorporated, BASF SE, CHR. Hansen Holding A/S, and Kerry Group Plc. Companies performing in this market mainly focus on merger and acquisition strategy in order to upgrade its market position.
The Asia- Pacific Food Additives Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of Type, Source, and Application along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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