PUBLISHER: TechNavio | PRODUCT CODE: 1161472
PUBLISHER: TechNavio | PRODUCT CODE: 1161472
Technavio has been monitoring the food additives market and it is poised to grow by $14211.34 mn during 2023-2027, accelerating at a CAGR of 5% during the forecast period. Our report on the food additives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising demand for processed food, increasing complexities in the food supply chain, and the growing demand for home food preservation.
Technavio's food additives market is segmented as below:
By Application
By Product
By Geographical Landscape
This study identifies the shelf-life extension of food products as one of the prime reasons driving the food additives market growth during the next few years. Also, the rising trend of non-GMO ingredients and the increasing adoption of organic and natural ingredients will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food additives market vendors that include Ajinomoto Co. Inc., Archer Daniels Midland Co., Associated British Foods Plc, Bell Flavors and Fragrances GmbH, Cargill Inc., Chr Hansen Holding AS, Eastman Chemical Co., Evonik Industries AG, Givaudan SA, Griffith Foods Worldwide Inc., Ingredion Inc., International Flavors and Fragrances, J M Huber Corp., Kerry Group Plc, Koninklijke DSM NV, Quality Ingredients Corp., Tate and Lyle Plc, Wego Chemical Group Inc., BASF SE, and Ashland Inc. Also, the food additives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Exhibits: