Food Additives Market Share, Size, Analysis and Forecast

Technavio Announces the Publication of its Research Report – Food Additives Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the food additives market in the US: Chr. Hansen, Chr. Hansen, and Ingredion.

Other Prominent Vendors in the market are: Ashland, Bell Flavors and Fragrances, Cargill, CP Kelco, Cumberland Packing, D.D. Williamson, FMC, IFF, and Sensient Technologies.
Commenting on the report, an analyst from Technavio’s team said: “Growing popularity of natural food additives will be a key trend for market growth. A recent trend observed is the shift in consumers' demand from synthetic to natural food additives like herbal extracts. It has been observed that the market for natural shelf life stabilizers saw higher growth in the US than the synthetic additives market. Consumers perceive natural food additives as being safer and healthier than synthetic food additives. Though the cost of manufacturing and acquiring natural food additives is much higher compared to synthetic food additives, the increase in the health-conscious population is influencing their adoption rate.”

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According to the report, one of the key drivers for market growth will be growing desire for convenience and packaged goods. Increased demand for convenience in food preparation among consumers has changed the entire scenario of the food and beverage industry. Today's hectic lifestyle and need for leisure have further increased the demand for convenience food products. This need for convenience has also led to the growth of packaged and convenience food like canned cereals, ready-to-cook meals, and dehydrated soups. These food items have already been processed, and therefore it takes less time and effort to cook them.
Further, the report states that side-effects associated to food additives will be one of the major...