Global Food Additivess Market is segmented By Type (Preservative (Natural Antioxidants, Sorbates, Benzoates, Others), Emulsifier (Mono- Di-Glycerides & Derivatives, Lecithin, Sorbate Esters, Others), Sweetener (Bulk Sweeteners, Sucrose, Fructose, Lactose, HFCS, Others), Sugar Substitutes (Sucralose, Xylitol, Stevia, Aspartame, Saccharine, Others), Anti-Caking Agents (Calcium Compounds, Sodium Compounds, Silicon Dioxide, Others), Enzymes (Carbohydrase, Protease, Lipase, Others), Food Flavors and Enhancers (Natural Flavors, Synthetic Flavors, Flavor Enhancers), Hydrocolloids (Starch, Gelatin Gum, Xanthan Gum, Others), Food Colorants (Synthetic Food Colorants, Natural Food Colorants, Others), Acidulants (Citric Acid, Phosphoric Acid, Lactic Acid), Others), By Application (Bakery and Confectionary, Beverages, Dairy and Frozen Deserts, Sauces, Dressings, Spices & Condiments, Processed Meat, Convenience Foods, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
The global food additives market is expected to grow at a high CAGR of 6% during the forecasting period (2022-2029).
Food Additives are ingredients added in food and beverage products to maintain or enhance freshness, taste, texture, appearance, and safety.
Freight disruptions coupled with the lockdown due to new sting increased prices of food Additives globally. In 2021, it is expected that the market will bounce back, and IMF is optimistic for the next few quarters; still, some issues are hindering the market. Some of the problems include freight disruption, which reduced supply to and fro China. Also, most European and American nations are not in favor of purchasing anything from China due to negative sentiment. Without China, it's challenging to source desired quantities at low prices.
The desired volume can be sourced from India, Indonesia, and others, but excessive numbers of orders in these countries increased prices. The development of a new string of covid-19 virus further impacted the European market due to the fresh lockdown imposed in several countries.
Natural Food Preservatives Market
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Food Preservatives Market