Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report showing that the global sales of food additives were estimated at well in excess of $25billion in value terms during 2007.
“The Food Additives Market Global Trends and Developments ” reports that although the market is dominated by sectors such as flavours and hydrocolloids, recent growth has been most impressive in those additives most relevant to the prevailing trend towards lower-fat foods. In contrast, some sectors have been adversely affected by the effects of rising low-cost Chinese production, which has driven down market value in some instances.
The report shows that the overall trend towards more highly processed food and drinks around the world is itself a major factor driving continued development of the additives market as additive suppliers work to provide tailored solutions to satisfy the needs of the food manufacturers. This trend is particularly important in developing markets, such as those in the Asia-Pacific and Latin American regions.
Authors of the report note that food flavours constitute the largest sector of the global additives market, accounting for nearly 30% of value sales. Both hydrocolloids and flavour enhancers are each worth more than $3 billion, with acidulants valued at over $2 billion. Together, these four sectors account for 70% of value saleson a global basis.
In light of continuing developments in the international additives sector, the report dentifies the major market forces influencing the international additives market, and presents a detailed analysis of trends in the market for 13 different categories of additive.
In addition to information on applications, market sizes and trends, and the leading companies in the industry, the report also looks at finished food trends impacting on additives and assesses future prospects for the market.
“The Food Additives MarketGlobal Trends and Developments ” is available from Report Buyer. For more information, see website.
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