Sellbyville, Delaware, March 12, 2018 (GLOBE NEWSWIRE) --
Global Synthetic Food Market is expected to surpass USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc. Busy lifestyle and changing demographic trends are resulting into preference for ready to eat and processed food consumption, thus enhancing synthetic food market growth. Increasing penetration of artificially engineered ingredients among manufacturers for their improved flavour & fragrances properties will support industry growth of synthetic food market. Key aspects such as texture enhancement, enhanced shelf life and visual appeal will propel artificial additive demand.
Expansion of the processed food industry along with increasing demand for soft drinks, confectionery, meat, fruits and dairy will provide a strong application outlook for artificial additive industry growth. Increasing supply chain complexities of food manufacturers including spoilage and loss of nutritive value will further propel product penetration rate. Some ingredients are added directly as seasonings and indirectly as vinegar and salt to enhance product shelf life and deliver better taste.
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Artificial colors are extensively used in several products to enhance the appearance and make it more attractive or lucrative. Increasing utilization of these colorants in meals, carbonated soft drinks, non-alcoholic beverages and alcoholic beverages is projected to propel artificial additives market size. The rising number of regulations by FDA and EU to produce low sugar content products will further boost industry growth.
Browse key industry insights spread across 550 pages with 1165 market data tables & 10 figures & charts from the report, “Synthetic Food Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/synthetic-food-market
Hydrocolloids were valued over USD 1.5 billion in 2016. Increasing necessity to provide stabilization, suspension, thickening, and manipulating mouthfeel of several beverages driving product demand. The growing consumption of low calorie drinks among the diabetic population will support industry growth. These hydrocolloids are also used to improve taste of low-calorie drinks without impacting beverage’s flavor.
Flavor & fragrances dominated the overall artificial additives market in 2016. Factors such as changing taste preferences, rising disposable income along with gourmet food chain expansion is expected to propel artificial additives market share. These are widely used in savories and snacks to enhance overall product appeal and deliver aroma for a prolong time.
Asia Pacific synthetic food market is projected to account over 30% of the share by 2024. Increasing the application of artificial additives among key manufacturers to enhance shelf-life, texture and appearance of consumable products driving regional demand. Furthermore, major companies such as BASF, Symrise and Sensient are anticipated to invest in formulation of new flavors & tastes obtained through enhanced ingredient engineering. The rising consumption of bakery & confectionery products in China, India, Japan, and Australia owing to increasing double income trend is supporting industry expansion.
North America synthetic food market is anticipated to witness growth over 4.5% up to 2024. Increasing demand for ready to eat and processed meals owing to busy lifestyle will support regional growth. Rising consumer awareness regarding key benefits associated with artificial ingredients including low sugar content is expected to propel artificial additives market size.
Global synthetic food market share is highly fragmented due to the presence of both large number of multinational as well as regional companies. Increasing competition among existing organizations and new entrants is anticipated to encourage product development. Archer Daniels Midland Company, Flavorchem, Sensient Technologies, FMC, DSM, BASF, Chr. Hansen, Döhler Group and Allied Biotech are key players in synthetic food market. Other prominent players include Frutarom, Symrise, Young Living Essential Oils, Falcon Essential Oils, Biolandes, Naturex, Fiorio Colori and D.D. Williamson & Co. Inc.
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Browse Related Reports:
- Food Extrusion Market Size 2017 – 2024
Food Extrusion Market share expected to witness a surge in demand owing to rise in the processed food industry. Several innovations in the industry including enhanced equipment design that delivers improved productivity and reducing the production cost, also propel the food extrusion market.
https://www.gminsights.com/industry-analysis/food-extrusion-market
- Food and Beverages Additives Market Size 2017 – 2024
Food and Beverages Additives Market size is expected to witness a significant gain as rising urbanization and upgrading lifestyles result in growing demand for convenience and packaged eatable items. The packaged food industry recorded high retail sales of USD 2.47 trillion for the year 2016.
https://www.gminsights.com/industry-analysis/food-and-beverages-additives-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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