According to the report “Global Food Additives Market” published by Market Data Forecast, the global market is projected to reach USD 53.56 billion by 2021, at a CAGR of 5.75% from 2016 to 2021.
Food additives are substances added to various food products for enhancing their appearance and taste or for preserving their flavor. A variety of food additives are being utilized, such as vinegar for the preservation of food by pickling, sulfur dioxide for wines, salting as in the case of bacon, etc.
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The market growth for food additives is mainly driven due to growing concerns towards food safety due to contamination, rising health concerns, consumer demand for better quality, and increasing consumption of premium food products, which involves the use of food additives for quality enhancing and preservative purposes.
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Global market for Food Additives is segmented based on Type, Source and Application into further sub-segments as follows:
1) By type
- Anti-caking agents
2) By source
3) By application
- Bakery & confectionery
- Convenience foods
- Dairy & frozen desserts
- Spices & condiments
- Sauces & dressings
4) Geographically, the market for Food Additives market is segmented as below:
- North America
- Latin America
- Middle-East and Africa
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E.I. DuPont , Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE are the major players of Global Food Additives market.
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