DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/tzr7wn/global_food) has announced the addition of the "Global Food Additives Market - Segmented by Type (Preservatives, Sweeteners, Hydrocolloids, Colorants, others), Application (Dairy & Frozen, bakery, Meat products, Beverages, Confectionary, others) & Geography" report to their offering.
Food additives which are used to enhance the taste, color, texture of food, whilst at the same time maintaining the freshness and nutritional content, are expected to cross US $50 billion by 2020; growing at a CAGR of 5.5% from 2015 and 2020.
The global population is growing at a rate of 1.14% and the increasing calorie intake per capita is leading to substantial increase in global food production. Growing urbanization and changing lifestyles are driving demand for convenience and packaged foods.
The packaged food industry recorded US $2.4 trillion in retail sales for the year 2014. In processed and packaged foods, ensuring food safety and quality starting from transportation to farm to fork and storage facilities is a major concern. To meet this demand, food additives are used.
The mature markets of developed economies constitute nearly 60% of the processed food market. This, in spite of the population growth rate not exceeding the growth rates of developing countries. The increasing disposable incomes of the burgeoning middle class is driving the shift towards convenience and processed foods, thus escalating the need for food, and thereby the need for food additives. The global retail and food service market which grossed sales of US $4.4trillion in 2013 is a major driver for the food additives market driven majorly by increased consumer's exposure to packaged food and beverages.
Key Topics Covered:
2. Key Findings
3. Regulatory Framework
4. Market Overview & Dynamics
5. Porter's Five Forces Analysis
6. Market Segmentation by Type
7. Competitive Landscape Overview
8. Company Profiles
- International Flavors and Fragrances
- Tate & Lyle
For more information visit http://www.researchandmarkets.com/research/tzr7wn/global_food