Global Food Additives Market is Expanding Robustly as Major Industry Leader Ingredion Lunches new emulsifier based on a chickpea as an alternative to artificial emulsifiers

 

 

 

Food additives and preservatives are necessary for the safe processing of various food items. They are used to improve the taste of certain products or foods. Other additives like sodium benzoate and artificial sweeteners can also be used to improve the taste of popular carbonated beverages or juice. One benefit of food additives is that it can enhance the flavor and appearance of certain foods by changing the molecules within the foodstuff. For instance, when citrus fruit is added to chicken and a sweetener is added to the dish, the flavors will be improved, as it will change the natural taste of the food.

Increasing consumption of premium food and beverage products is expected to drive growth of the global food additives market during the forecast period. The consumption of premium food and beverage has increased significantly in the recent past, in both developed and emerging economies. This is typically owing to increasing disposable income and rising urbanization across the globe. According to the Food and Drink Federation, the U.K., the food and drink manufacturing sector accounts for 17% in terms of economic contribution. Furthermore, according to the India Brand Equity Foundation (IBEF), the food processing industry contributed 14% of the country’s GDP in 2016. Such a massive rise in the adoption of premium food and beverages has increased the demand for food additives. The food additives help to keep food and beverages last longer and can make food more nutritious, cheaper, and also saves time. Thus, these factors are expected to drive growth of the global food additives market during the forecast period. Furthermore, increasing demand for convenience foods is expected to boost the global food additives market growth over the forecast period.

However, rising demand for organic foods combined with the health effects of synthetic additives is expected to hinder the global food additives market growth over the forecast period. Among regions, North America is expected to witness a significant growth of the global food additives market during the forecast period. This is owing to increasing demand for confectionery and beverage products in the U.S. Furthermore, Europe is expected to register a robust growth rate over the forecast period, owing to rising demand for organic products in the region.

Key players operating in the global food additives market are Ajinomoto Co., Inc., Adani Wilmar Ltd., Archer Daniels Midland Company, Sensient Technologies, BASF SE, Kraft Foods Group, Inc., Bio Springer, Mitsubishi International Food Ingredients, Inc., Cargill Inc., Lonza Group, Eastman Chemical Company, Ingredion Incorporated, and DuPont.

For instance, in March 2020, Ingredion Inc. introduced a new emulsifier based on a chickpea broth, an alternative to OSA-modified starches and other artificial emulsifiers.