US Food Additives Market 2015-2020 - Cargill, Tate & Lyle, Palsgaard, DuPont, DSM, Givaudan, Brenntag, Novozymes & International Flavors and Fragrances Dominate the $8 Billion Industry
DUBLIN, Sept. 22, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/qx8ntd/us_food_additives) has announced the addition of the "US Food Additives Market - Segmented by Type (Preservatives, Sweeteners, Hydrocolloids, Colorants, others), Application (Dairy & Frozen, bakery, Meat products, Beverages, Confectionary, others) & Geography" report to their offering.
Food additives which are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content, are expected to cross more than US$ 8 billion by 2020 by value in US.
The mature markets of North American economies constitute nearly 30% of processed food market. US accounts for more than 65% share in the North American market. With the rising ageing population and health consciousness of consumer, the American consumer id demanding healthier options. US is a matured market for synthetic additives and is currently seeing a rapid demand for natural additives. A key restrain in the market is rising awareness on the ill effects of synthetic additives and the complex US regulatory structure. Several of food additives banned outside North America are approved by US FDA.
The food additives market is segmented by type viz. Preservatives, Food flavors and Flavor enhancers, Antioxidants, Sweeteners, Emulsifiers, Anti Caking agents, Enzymes, Fat replacers, Acidulants and others (texturizer, shelf life stabilizers, etc). The largest segment is Flavors and flavor enhancers market while sweeteners are the fastest growing segment. Growing consumer demand for low fat options and low wastage costs is expected to drive the demand for Fat replacers. Food Additives find major applications in Bakery & Confectionary, Dairy & Frozen products, Oils & Fats, Savory snacks, Meat poultry & Sea food products, Beverages and others.
The world is recovering from recession and this is expected to increase the consumer demand for packaged food; which in-turn furthers the food additives industry. The US market is seeing demand for candies, gums and other confectionary products, apart from its matured' demand for baked foods, further increasing the market for emulsifiers, colorants and sweeteners in the US region. Growing consumer awareness on the natural additives and functional food additives due to their nutritional functionalities is also driving the market.
The major players in the market are Cargill, Tate & Lyle, Palsgaard, DuPont, DSM, Givaudan, Brenntag, Novozymes & International Flavors and Fragrances.
Key Topics Covered:
1. Introduction
2. Key Findings
3. Regulatory Framework
4. Market Overview & Dynamics
5. Porter's Five Forces Analysis
6. Market Segmentation by Type
7. Competitive Landscape Overview
8. Company Profiles
- Brenntag
- Cargill
- DSM
- DuPont
- Givaudan
- International Flavors and Fragrances
- Novozymes
- Palsgaard
- Tate & Lyle
For more information visit
http://www.researchandmarkets.com/research/qx8ntd/us_food_additives
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
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