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
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