North America synthetic food market is anticipated to witness growth over 4.5 % up to 2024 . Increasing demand for ready to eat and processed meals owing to busy lifestyle will support regional growth . Rising consumer awareness regarding key benefits associated with artificial ingredients including low sugar content is expected to propel artificial additives market size . Global synthetic food market share is highly fragmented due to the presence of both large number of multinational as well as regional companies . Increasing competition among existing organizations and new entrants is anticipated to encourage product development . Archer Daniels Midland Company , Flavorchem , Sensient Technologies , FMC , DSM , BASF , Chr . Hansen , Döhler Group and Allied Biotech are key players in synthetic food market . Other prominent players include Frutarom , Symrise , Young Living Essential Oils , Falcon Essential Oils , Biolandes , Naturex , Fiorio Colori and D . D . Williamson & Co . Inc .
Segmentation of Synthetic Food Market :
Global Market Insights has segmented the Synthetic Food industry on the basis of following segments
Synthetic Food Market , By Product
• Colour
• Enzymes
• Hydrocolloids
• Flavour & Fragrances
• Antioxidants
• Emulsifiers
• Fat Replacers
Synthetic Food Market , 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
3 | P a g e