Jul 7, 2020 2:16 PM ET
iCrowd Newswire – Jul 7, 2020
Global Organic Food Additives Market for is on a path to record a rise by 3.8% CAGR during the forecast period of 2019 to 2024 and it is slated to reach and cross a valuation of USD 3.45 billion by 2024. Market Research Future (MRFR) provides insights about the market to make the strategic dealings quite easy.
Factors like rising disposable income, growing health awareness, government initiatives to discard artificial elements, favorable regulations to support the ingress of these additives, increasing participation from new entrants, and others are expected to bolster the organic food additive market growth.
E.I. du Pont de Nemours and Company (US), Archer Daniels Midland Company (US), Cargill Inc. (US), BASF SE (Germany), Tate & Lyle (UK), Chr. Hansen Holding A/S (Denmark), Novozymes A/S(Denmark), Kerry Group Plc (Ireland), Danisco A/S (Denmark), Givaudan (Switzerland), Brenntag AG (Germany), Firmenich SA (Switzerland), Associated British Foods plc (UK), International Flavors & Fragrances Inc. (US), and Foodchem International Corporation (China) are some of the companies making substantial changes in the global food additives market through various strategic dealings.
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These moves often incorporate mergers, acquisitions, innovations, hiking investment for research and development facility, launching, branding, tie-ups, and others as prominent ways to set a path for individual and holistic growth. MRFR tried listing their recent moves to create an opportunity that would help in decoding trends that are impacting the global market.
The recent COVID-19 strike has changed the market equation a lot. People are now more concerned about their health than before and trying to take measures that will help them in staying fit. In doing so, they are also not shying away from spending a bit of extra money. This has been the case in the UAE, where studies in June 2020 revealed a stark rise in food delivery services with demand for organic food. In fact, while ordering, people are also taking note of the additives and unnatural additives are getting boycotted. This creates a scope for the market for organic food additives to rise and take a chance in establishing a proper stand for itself.
The global study of the organic food additives market has been segmented by MRFR experts into form, type, and application. These segments are carriers of data that have been carefully gleaned by the experts and are then backed by figures, facts, graphs, charts, and others to increase their credibility.
By form, the global market for Organic Food Additives Market has been segmented into dry and liquid. Both these segments have a specific application and are expected to provide traction to the market.
By type, the market for organic food additives has been studied on the basis of vitamins & minerals, colorants, acidulants, enzymes, flavors & sweeteners, hydrocolloids, and others. The flavors & sweeteners segment is expected to contribute notably.
By application, the report with details of the organic food additives has been studied on the basis of beverages, dairy & frozen dessert, bakery & confectionery, soups, sauces & dressings, sweet & savory snacks, and others. The bakery & confectionery segment may register strong growth.
The North American market is expected to take charge of the global organic food additives market. This market would benefit from increasing investment in the sector, better traction from the confectionery segment, growing funding for research and development, and others. The US and Canada are making substantial contributions.
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