Global food additives market to exceed 33 B by 2015

June 8, 2010

Global Industry Analysts Inc. (GIA) has released a global report on food additives market that shows that the world market for food additives is projected to exceed $33.9 billion by the year 2015. The factors playing a prominent role in the growth of the food additives market include adoption of sophisticated food processing methods by developing countries, restructuring of food processing companies, and a demand for more complicated food ingredients by processors.

The United States and Europe dominate the world food additives market. Americans are particularly conscious of the calorie content, and hence low-calorie, low-fat foods are popular in the United States. This indicates a growing demand for food additives such as fat replacers, artificial sweeteners, and hydrocolloids.

Key factors influencing growth of food additives in Europe include growing health consciousness among Europeans, food safety concerns, and increasing preference for convenience foods. The rising obesity levels and desire for natural food products are factors driving demand for natural additives and fat replacers.

The report titled “Food Additives: A Global Strategic Business Report” provides a comprehensive review of market trends, growth drivers, growth challenges, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including the United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following segments: acidulants, fat replacers, sweeteners, vitamins and minerals, colorants (natural/uncertified and synthetic/certified), flavors/flavor enhancers, hydrocolloids, emulsifiers, preservatives (antimicrobials and antioxidants), enzymes, and others.