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Food Additives Market Share, Size,Growth, Key Players, Outlook
and Forecasts to 2024 | Hexa Research
“ The global food additives market is anticipated to reach USD 56 billion by
2024..”
12 October 2018
The global food additives market is anticipated to reach USD 56 billion by 2024. Rapid growth in the food &
beverage industry in the Middle East and BRICS (Brazil, Russia, India, China, and South Africa) -as a result of
growing domestic consumption and rising foreign direct investments-is projected to augment the market
growth. Increasing awareness about different types of tastes is also likely to act as an important growth
driving factor. In addition, manufacturers are increasing their production capacities due to rising demands for
packaged foods including ready-to-eat products, frozen meals etc. which will eventually therefore augment
the market growth. The global market is categorized as products and regions.
The product sector comprises flavors & enhancers (natural, artificial), enzymes, sweeteners (high intensity,
HFCS), emulsifiers (mono, lecithin, di-glycerides, sorbitan esters, stearoyl lactylates), fat replacers (protein,
starch), and shelf-life stabilizers. The enzymes sector is estimated to remain the fastest-growing sector, with
a CAGR of over 6 % from 2016 to 2024. Flavors & enhancers dominated the application sector in 2016
accounting for 30 % of the total market revenue. The natural flavors sector is likely to grow at a healthy CAGR
of over 6 % from 2016 to 2024.
Browse Details of Report @ https://www.hexaresearch.com/research-report/food-additives-industry
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