Food Additives Market in the US 2016-2020

Outlook of the food additives market in the US

Extensive market research carried out by the analysts at Technavio has shown the food additives market in the US will grow at a CAGR of more than 3% over the forecast period. A growing preference for convenience and packaged food is one of the key factors driving the growth of the food additives market in the US. Ready-to-eat and processed food products, such as canned cereals, ready-to-cook meals, and dehydrated soups, require very less cooking and clean-up time, leading to an augmented demand globally. Food additives like flavors, enhancers, and enzymes play a critical role in the manufacture of packaged and convenience food. Food manufacturers add these additives to ensure that the taste, texture, and quality remains stable.  Therefore, it can be estimated that the presence of a growing convenience and packaged food market will positively influence the growth of the food additives market in the US by the end of 2020.

In this market report, analysts have estimated factors like the increasing demand for food flavors and taste enhancers to impel the prospects for market growth until the end of the forecast period. Health-conscious consumers are increasingly demanding for more natural additives in place of artificial additives, which will aid in the growth of this market over the predicted period. Also, with increasing consumption of packaged food, food manufacturers are demanding customized flavors and enhancers from food additive vendors to develop new varieties of food with unique flavors, which will propel the growth prospects of the food additives market in the US.

Product-based segmentation of the food additives market in the US

• Flavors and enhancers
• Sweeteners
• Colorants
• Enzymes
• Emulsifiers
• Shelf-life stabilizers
• Fat replacers

In 2015, the flavors and enhancers segment dominated the market and accounted for the largest share of approximately 36% in terms of revenue. Flavors and enhancers not only provide aroma and structure to the food but also add nutritional value. Factors such as the increasing demand for flavored food and an augmented demand from food manufacturers will result in this market segment’s steady growth during the predicted period. Furthermore, an increasing consumption of low-salt, low-fat, and low-carbohydrates food will further augment the demand for flavors and enhancers in the coming years.

Competitive landscape and key vendors

The food additives market in the US is a dynamic market as it is subject to rapidly changing consumer demands and preferences. The vendors in the market compete on the basis of factors such as price, quality, innovation, service, reputation, and distribution.   

Key vendors in this market are –

• Chr. Hansen
• Givaudan
• Ingredion

Other prominent vendors analyzed in this market research report are Ashland, Bell Flavors and Fragrances, Cargill, CP Kelco, Cumberland Packing, D.D. Williamson, FMC, IFF, Sensient Technologies.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the food additives market in the US?
• What are the key market trends impacting the growth of the food additives market in the US?
• What are the challenges to market growth?
• Who are the key vendors in food additives market in the US?
• What are the market opportunities and threats faced by the vendors in the food additives market in the US?
• Trending factors influencing the market shares of the US.
• What are the key outcomes of the five forces analysis of food additives market in the US?

Technavio also offers customization on reports based on specific client requirement.

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Food additives are substances or ingredients that are added to food products to enhance its taste, flavour, color, and texture. It also helps to preserve food products for a very long period. Additives aid in the smooth production, processing, treatment, packaging, transportation, or storage of food products. In the US, the consumer's preference for healthy food products will incite the prospects for growth in this market.

The report, food additives market in the US, is part of Technavio’s food and beverage research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as alcoholic beverages, food, food service, and non-alcoholic beverages. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.