Synthetic Food Market share to exceed $20 Bn by
2024: Global Market Insights Inc.
The research report Synthetic Food Market Size By Product (Colour, Enzymes,
Hydrocolloids, Flavour & Fragrances, Antioxidants, Emulsifiers, Fat replacers),
By Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery,
Meat, Poultry & Seafood, Processed Food, Convenience Foods & Beverages,
Sauces, Dressings, And Spreads Savory and Snacks, Animal and Pet Food,
Oils & Fats), Industry Analysis Report, Regional Outlook (U.S., Canada,
Germany, UK, France, Italy, Sweden, Austria, Poland, Russia, Spain, China,
India, Japan, South Korea, Indonesia, Thailand, Malaysia , Australia , Brazil,
Argentina, Mexico, South Africa, UAE, Saudi Arabia, Kuwait, Egypt), Growth
Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024 by
Global Market Insights, Inc. says, Global Non-alcoholic Beer Market size is set to
exceed USD 20 Billion by 2024
Expansion of the processed food industry along with increasing demand for soft
drinks, confectionery, meat, fruits and dairy will provide a strong application outlook
for artificial additive industry growth. Increasing supply chain complexities of food
manufacturers including spoilage and loss of nutritive value will further propel
product penetration rate. Some ingredients are added directly as seasonings and
indirectly as vinegar and salt to enhance product shelf life and deliver better taste.
Busy lifestyle and changing demographic trends are resulting into preference for
ready to eat and processed food consumption, thus enhancing synthetic food market
growth. Increasing penetration of artificially engineered ingredients among
manufacturers for their improved flavor & fragrances properties will support industry
growth of synthetic food market. Key aspects such as texture enhancement,
enhanced shelf life and visual appeal will propel artificial additive demand.
Artificial colors are extensively used in several products to enhance the appearance
and make it more attractive or lucrative. Increasing utilization of these colorants in
meals, carbonated soft drinks, non-alcoholic beverages and alcoholic beverages is
projected to propel artificial additives market size. The rising number of regulations
by FDA and EU to produce low sugar content products will further boost industry
growth.
Hydrocolloids were valued over USD 1.5 billion in 2016. Increasing necessity to
provide stabilization, suspension, thickening, and manipulating mouthfeel of several
beverages driving product demand. The growing consumption of low calorie drinks
among the diabetic population will support industry growth. These hydrocolloids are
also used to improve taste of low-calorie drinks without impacting beverage’s flavor.
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