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Food additives are substances that are added to food in order to improve its particular characteristics such as aroma, consistency, taste, color texture, shelf life, etc. There are two main types of food additives available in the market, direct and indirect food additives. Direct additives are added to change the particular property of the food such as taste, whereas the indirect additives are added for the purpose of storing, packaging, and handling the food. The increasing consumption of packaged foods, expansion of the food and beverage industry and increasing demand for healthy food are key factors, which would drive the growth of global food additives market during the analysis period. Recently, the preference of nature based additives over chemical based additives has created the opportunity for new manufacturers, to produce the nature based food additives in the global food additives market. Factors restraining the market growth are stringent regulatory environment and problems arising due to additives, such as allergies.
The global food additives market, is segmented on the basis of Technology, Product Type, Application and Geography. The product types considered in this report include Flavors & Enhancers, Antioxidants, Anticaking Agents, Emulsifiers, Acids, Sweeteners, Stabilizers, Humectants, Colorants, Shelf- life stabilizers(Preservatives), Fat Replacers(Bulking Agents) and Others(Glazing agents, Color retention agents, antifoaming agents). On the market, in accordance to product type, is classified into Nature Based and Chemical Based. Based on application, the market is classified into confectionary, hotels, homes, snacks, bakery, dairy & frozen products, meat, poultry & seafood products, beverages and others. Geographically, the market is segmented across four regions namely North America, Europe, Asia Pacific and LAMEA. One of the strategies adopted by major market players is takeover. For instance, in 2014, Nippon Shokubai acquired the company Halal Certification. This takeover helped Nippon Shokubai to add organic acids in their product portfolio. The companies profiled in this report are BASF, Danisco, Archer Daniels Midland, DSM, Ajinomoto, Associated British Foods, Royal DSM N.V., ADM, Eastman Chemicals and Givaudan.
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