Food additives meet a variety of needs in product formulation, such as enhancing palatability, replacing fat content, extending shelf life and supporting food safety. The global food additives market is anticipated to rise to US$52 billion by 2020, experiencing a compound annual growth rate (CAGR) of 5.6 percent from 2015. Examples of commonly used food additives—natural and synthetic—include acidulants, anti-caking agents, colors, emulsifiers, enzymes, flavors, hydrocolloids and sweeteners.
Takeaways for Your Business
• Flavor enhancers lead the functional additives segment, followed by sweeteners.
• Beverages lean heavily on additives, but rapid growth is in sauces, dressings, spices and condiments.
• The meat category has made strides replacing artificial additives with natural ingredients and flavors.
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