Food Additives Market Challenges, opportunities, Key Regions reports, Drivers, key segment and Company Forecast, 2020 - 2027
Food additives are a variety of edible compounds that are added to food to improve the colour, look, texture, and shelf life of the product. Food additives include edible colours, tastes, enzymes, hydrocolloids, and preservatives, which can be manufactured intentionally or derived from natural sources such as plants, animals, and minerals. They're commonly used in baked goods, sweets, soups, sauces, and infant food to prevent microbial development and contamination while also extending the shelf life.
The COVID-19 pandemic has had a significant influence on the worldwide food additive business, and the situation is projected to persist in the global economy until the virus stops spreading. Globally, the epidemic of a new coronavirus has resulted in a surge in frozen and ready-to-cook food sales. Food additives, as well as preservatives, are abundant in these frozen and ready-to-cook foods. As a result, despite the appearance of the coronavirus pandemic, the Food Additive Market is expected to increase positively in the near future.
Market Segmentation:
By Product Type
- Acidity Regulators
- Colorants
- Emulsifiers
- Enzymes
- Flavor & Enhancers
- Hydrocolloid
- Preservatives
- Sweeteners
By Application
- Bakery & Confectionery
- Beverages
- Dairy & Frozen Desserts
- Meat &Poultry Products
- Snacks & Convenience Food
- Others
By Source
- Natural
- Synthetic
To avoid contamination and preservation, raw materials utilised in the manufacturing process are derived from either natural sources such as plants or chemically generated. Soybean, sunflower, rapeseed, palm oil, glycerol, and sugarcane are among the key raw materials utilised in the manufacturing process. The market outlook, however, may be hampered by shifting raw material prices. To meet the rising demand from the food and beverage industries, companies are increasingly collaborating and forming joint ventures.
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