Food and Beverages Industry Report Food Additives Market Share 2024 | Page 2

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Sweeteners are mainly used in formulating F&B products. Moreover, growing health concerns such as tooth
decay, diabetes, etc. and rising importance of low-cal food products are anticipated to augment the demands
for sugar substitutes such as High Fructose Corn Syrup (HFCS) and High-Intensity Sugars (HIS). The sector is
projected to grow at a CAGR of over 5 % during the estimated years.
The Europe food additives market held over 30 % of the overall share in 2016 due to growing significance of
functional ingredients to integrate properties such as flavor, shelf life-extension, and emulsification. The Asia-
Pacific region accounted for 27 % in 2015 and is anticipated to experience considerable gains over the next few
years. The Indian market is likely to grow at a decent CAGR of over 5 % during the forecast period. The Middle
East is said to be the high-potential market on account of rising domestic consumption along with the favorable
support to attract fresh investments.
The major companies in the food additives market include BASF SE; E. I. du Pont de Nemours and Company;
Eastman Chemical Company; and Cargill Inc.
Browse Related Category Market Reports@ https://www.hexaresearch.com/research-category/food-safety-
and-processing-industry
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