Global Market for Food Additives to Reach $37.7 Billion by 2018

Consumer preference is clearly favoring natural additives over synthetic additives. The categories benefiting the most and also affected the most due to the “naturals” trend include colors and flavors, where natural additives are gaining over synthetic additives. For instance, despite the higher cost and limitations, natural colorants are witnessing robust growth in the food colorants market. The trend is more or less similar in the flavors and flavor enhancers market, where demand for natural flavors is driven by consumer perception that naturals have health benefits. Natural flavors and flavor enhancers, such as monosodium glutamate and ribonucleotides, are likely to benefit from this trend. However, this trend has given rise to a situation where food additive makers are being pressurized to develop additives from natural sources, which is proving to be a daunting task for manufacturers operating in this space. Another prominent trend stimulating market expansion is the growing consumer fondness for the highly processed food products, making food makers demand more customized solutions from food additive suppliers. Additionally, there is a continuing trend towards low-calorie, low-fat foods favoring additives that help reduce overall fat content in foods. This trend is benefiting additives, such as sweeteners, emulsifiers, hydrocolloids, and vitamins and minerals.

Rising concern over the safety of artificial sweeteners is paving way for increased acceptance of various natural sweeteners such as plant-extracted stevia, cane sugar and agave nectar in the market. Stevia-based sweeteners are emerging as major alternative to the existing low-calorie artificial sweeteners, owing to its ability to offer enhanced health benefits in comparison to other sweeteners. However, robust growth of this sugar substitute is currently hampered due to several issues, with the major ones being improper access to extraction and refining technology, lack of coordinated standards and unpleasant after-taste profile of the sweetener, among others.

Major players profiled in the report include 3M Company, BioControl Systems Inc., bioMrieux SA, Biolog Inc., Celsis International Ltd., Charm Sciences Inc., DuPont Qualicon Inc., FOSS A/S, Eurofins GeneScan Europe AG, Genetic ID NA Inc., Neogen Corp., R-Biopharm AG, SDIX, and Thermo Fisher Scientific, Inc.

Feed additives help optimize the yield potential of animal production by aiding in superior digestibility of feedstuffs and meeting the nutritional needs of companion and farm animals. Feed-grade additives also improve the living environment of animals by preventing or reducing the pollution caused due to animal manure. Animal feed additives are rapidly rising in popularity based on its vast medicated as well as non-medicated applications for poultry, pig, aquaculture, companion animals, and ruminant feed. Increasing health-consciousness of consumers, continued breakthroughs, especially in research and clinical applications areas, and expanding commercial applications will help ensure sustained growth in the market. Advancements in feed manufacturing technology, and new feeding concepts unraveled possibilities to manufacture a range of novel products for companion and livestock.

SOURCE Global Information, Inc.