SOURCE: MarketResearch.com

MarketResearch.com

November 01, 2011 10:08 ET

Food Additives Sales Reached 24 Billion in 2010

ROCKVILLE, MD--(Marketwire - Nov 1, 2011) - MarketResearch.com has announced the addition of the new report "The Food Additives Market Global Trends & Developments (5th Edition)" to their collection of Food market reports. For more information, visit http://www.marketresearch.com/Leatherhead-Food-Research-v1435/Food-Additives-Global-Trends-Developments-6594381/

Global sales of food additives were estimated at around USD24.5bn in 2010 with a forecast future growth rate of 2.5%pa. Some of the challenges facing the global food additives market include static or falling demand in many end-user sectors due to the protracted impact of the global economic downturn, significant changes to the regulatory environment in certain parts of the world, as well as the rising cost of energy and raw materials.

On a brighter note, however, demand continues to increase from emerging economies such as China and India, which has led many suppliers to establish bases in these parts of the world. Chinese producers have assumed an increasingly significant presence in sectors of the market such as acidulants and vitamins. Consumer demand for healthier products (e.g. low fat and sugar) and functionality is leading to increased demand for additives such as emulsifiers, hydrocolloids, sweeteners, probiotics and prebiotics and plant stanol esters. Growing demand for natural ingredients also continues to have a significant bearing on the market, most notably for colors and flavors.

One of the major trends to have affected the industry in recent years has been increasing consolidation with BASF's recent acquisition of Cognis representing one such example. Industry consolidation has been driven by a number of major factors, examples of which have included intense competition from Chinese producers, the increasing purchasing power of major multinational food manufacturers and retailers and a growing demand amongst customers for application-specific ingredients and tailored solutions.

The Global Food Additives Market is a new publication from Leatherhead Food Research, which updates the previous version published in 2008. The report reviews the global market for a number of food additives and ingredients, examples of which include flavors, hydrocolloids, acidulants, sweeteners, preservatives, emulsifiers and functional food ingredients. The world's leading food additives companies and their operations are also discussed.

For more information, visit http://www.marketresearch.com/Leatherhead-Food-Research-v1435/Food-Additives-Global-Trends-Developments-6594381/

About MarketResearch.com

MarketResearch.com is the leading provider of global market intelligence products and services. With over 300,000 research reports from more than 700 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. For more information, call Veronica Franco at 240-747-3016 or visit www.MarketResearch.com.

Contact Information

  • Contact:
    Veronica Franco
    MarketResearch.com
    Email Contact
    240.747.3016