Europe Food Additives Market to witness massive growth over 2017-2024

Published: Thu Mar 08 2018

Positive indicators for packaged & frozen foods consumption owing to hectic lifestyle particularly in the U.S, Germany, France and UK, should promote global food additives market size. These ingredients are used with the primary intention to impart flavor, nutritional and color characteristics. Primarily used packaged foods include ready-to-eat meals, frozen meals, cake mixes, and snacks.

Europe food additives market size may observe 4.8% growth with Germany and France being the major contributors. Growing popularity of alcohol-free beer, savory snacks and sugar free confectionaries should provide an impetus to Germany food & beverage industry growth and also provide a scope for local manufacturers to increase production capacity.

Flavors & fragrances was the largest revenue generating segment in 2014 and accounted for over 30% of the total share. Majorly used flavors & enhancers include monosodium glutamate (MSG), calcium inosinate, glutamic acid and natural extracts such as herbs and neem. Natural flavors market may witness above average industry gains at over 5% CAGR.

Enzymes based food additives market may witness over 5.5% growth up to 2022. Carboxylase, protease, lipase, polymerase and xylanase are major enzyme types majorly incorporated in formulation of baked products to improve organoleptic properties and crust appearance. Moreover, price advantage over its counterparts is projected to favor product demand.

High fructose corn syrup (HFCS) market size was close to USD 500 million in 2014. Rising preference over conventional sugar due to its comparatively less pricing should favor HFCS demand. In addition, increasing availability of farmland meant for corn production coupled with agriculture industry growth in China and India should promote HFCS market size.

Phospholipids, glycerol, yeast, lactic acid, sorbitol soybeans and oil seed derived chemicals are major raw materials used in manufacturing process. Raw material supply deficit should put pressure on supplier margins and affect food additives market price trend.

Regulatory inclination towards promoting the consumption and production of naturally derived products have enhanced the importance of bio based chemicals namely sorbitol, oleochemicals and lactic acid. Their availability is restricted with tight raw supply situation from soy and oilseed industry.

Strategic alliances and collaborations with raw material suppliers is an attractive approach to maintain feedstock supply. Mandatory food safety registrations may result in high manufacturing cost and act as entry barriers for small scale producers.
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