The Global Food & Drink Additives Market will reach $27.24BN in 2014

Wednesday 2 April 2014, Amsterdam

The new report predicts that the world market for food and drink additives will reach $27.24bn in 2014. This forecast and others appear in Food & Drink Additives Market Forecast 2014-2024: Prospects for Top Companies Producing Sweeteners, Flavours, Colourings & Other Additives.

Food additives represent a global, multi-billion dollar market, dominated to a large extent by flavours and flavour enhancers. Natural options are clearly favoured by today’s consumers, who are becoming increasingly aware of the possible health hazards that synthetic additives might bring. Colours and flavours will be the driving force behind this particular development over the forecast period, with preservatives and antioxidants closely following suit.

On the other hand, the clear trend towards convenience foods was also detected globally. This requires many food processing methods, with additives playing the leading role. Combining the two trends into one is expected to be the main way forward for many food manufacturers, as they are trying to offer consumers more customised solutions, utilising both: convenience, as well as the health and wellness factor.

Elena Rigney, a food industry analyst, said: “Sales of flavours will be stimulated by the development of higher value-added flavouring systems designed for microwaveability and other specific product requirements, and by increasing incorporation of naturally derived materials.”

Additionally, there is a continuing trend towards low-calorie, low-fat foods favouring additives that help reduce overall fat content in foods. This trend is benefiting additives, such as sweeteners and emulsifiers.

Going forward, innovations in food products and new processes, government regulations, and consumer awareness about health and hygiene will continue to influence the global food additives market.

The downsizing and consolidation in the food industry that took place over the last few years had a considerable impact on traditional food additives manufacturers. Conventional food additives producers are nowadays required to provide more technical service, as well as formulation expertise in order to compete more aggressively for a smaller number of large accounts.

The 150 page report contains 100 tables, charts and graphs that add visual analysis in order to explain developing trends within the food and drink additives market. The new report provides forecasts for the period 2014-2024 in terms of value (US$) for the food and drink additives market.

In addition, 7 leading regional food and drink additives markets are forecast and analysed over the period 2014-2024 with 19 submarket forecasts within each regional market from 2014-2024 also provided including:

•            Humectants
•            Tracer gas
•            Preservatives
•            Stabilisers
•            Sweeteners
•            Thickeners
•            Acids
•            Acidity regulators
•            Anticaking agents
•            Antifoaming agents
•            Bulking agents
•            Flour treatment
•            Glazing agents
•            Antioxidants
•            Food colouring
•            Colour retention
•            Emulsifiers
•            Flavours
•            Flavour enhancers.

The report also provides profiles of 16 companies operating within the food and drink additives market.

The Food & Drink Additives Market Forecast 2014-2024: Prospects for Top Companies Producing Sweeteners, Flavours, Colourings & Other Additives report will be of value to current and future potential investors in the global food and drink additives and food processing industry, as well as companies and research centres who wish to broaden their knowledge of the food and drink additives market.