Market Overview: —
The Global Organic Food Additives Market is estimated to grow at CAGR of 5.1% backed up by the growing demand for organic food additives and increasing varieties of food additives products. Organic food additives are edible substances which are used to preserve the flavor, maintain the taste, as well as other qualities. It is observing a high demand because of its nutritional as well as extra micro nutritional attributes. The global organic food additives market is increasing due to food and beverages industry. High nutritional benefits obtained from organic food additives are also supporting the sale of organic food additives globally
The global market for organic food additives is expected to continue its growth over the forecast period due to rising demand and increasing health awareness as well as health benefits in recent years. Since organic food additives market’s growth is directly proportional to the scope of innovation due to highly competitive market, key players are investing in R&D for the innovating product lines. Moreover, leading players are also investing in partnership with various food chains and beverage companies as the primary focus area is to grow the consumer base. Due to the increasing working class population and disposable income, there is a rise in the demand for healthy and organic food and beverage products as well.
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Increasing number of health-conscious consumers in developed as well as developing economies is one of the driving forces for this market. Key players are also investing in R&D for development of new product line with improved formulations. Many consumers consume products involving organic food additives in bakery products, confectionery items, beverages, and others. They provide health benefits as well as nutritional benefits by offering some extra micronutrients, thus increasing the market for organic food additives.
The major competitors in this market are inclined to increase their footprints across the globe by acquiring local and regional players. Apart from this, the companies are introducing their products in the developing economies to penetrate the untapped market. Major players are also investing in R&D initiatives especially to develop superior & highest quality products by including organic and natural ingredients. This factor is likely to help them to penetrate the emerging global organic food additives market and fulfill the growing demand. Changing consumer preferences for natural and fresh products will support the sale of organic food additives in the Asia Pacific region.
Major Key Players:
This report includes the study of strategies such as mergers and acquisitions, new product launches by the major organic food additives market players. It further includes product portfolios, developments of leading major players, which includes
Some of the key players in the organic food additives market: DuPont (U.S), Archer Daniels Midland Company (U.S.), Cargill (U.S.), Chr. Hansen Holding A/S (Denmark), Kerry Group Plc (Ireland), BASF SE (Germany), Novozymes (Denmark)
The global organic food additives market is highly concentrated in North America because of its abundance in raw materials as well as technical know-how. Key manufacturers are focusing on expanding their product line by providing various product lines with the various flavors, combinations, and attractive packaging.
The global organic food additives market is segmented on the basis of product type, such as flavoring agent, antioxidants, nutrition enhancer, colorants, sweeteners, emulsifiers, acidity regulators, and others, nutrients such as minerals, vitamins, phytonutrients, and others, packaging such as sachet, bulk, bag, mason jar, bottle, drum, box, and others, application such as dairy, bakery, confectionery, beverages, and others, and region.
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The global organic food additives market is segmented on the basis of product type, such as flavoring agent, antioxidants, nutrition enhancer, colorants, sweeteners, emulsifiers, acidity regulators, and others. Among these, flavors agents dominate the market followed by sweetener due to different demand for flavors and sugar substitutes, respectively.
On the basis of nutrients, this market is segmented into minerals, vitamins, phytonutrients, and others. High nutritious attributes have helped in increasing the market for organic food additives.
On the basis of packaging, this market is segmented into sachet, bulk, bag, mason jar, bottle, drum, box, and others.
On the basis of application, this market is segmented into dairy, bakery, confectionery, beverages, and others. Organic food additives are being used as a beneficial alternative to food additives for bakery products, food products and beverages which is increasing its demand globally.
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