The European Commission defines food additive as "any substance not normally consumed as a food in itself and not normally used as a characteristic ingredient of food, whether or not it has nutritive value." Food additives have gained growing level of importance over the years owing to the diverse requirements of the food industry, end consumers, and regulatory bodies across the globe. Food additives are basically used for imparting specific desired properties to food products, enhancing food palatability in terms of food appearance & appeal, ensuring food safety through prevention of contamination, and through extended shelf-life of products. The market for food additives is projected to grow at a CAGR of 5.6% to reach USD 52.2 Billion by 2020.
The report "Lipid Nutrition (Nutritional Lipids) Market by Type (Omega-3, Omega-6, MCTs), Source, Form, Application (Dietary Supplements & Nutraceuticals, Infant Formula, Pharmaceuticals, Food Fortification, Animal Nutrition), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the global market was valued at USD 6.51 Billion in 2016, and is projected to reach USD 11.15 Billion by 2022, at a CAGR of 9.4% during the forecast period.
The global herbal supplements market has grown steadily in the last few years. The market size is projected to reach USD 86.74 Billion by 2022, at a CAGR of around 6.8% from 2016 to 2022. The growing awareness for preventive healthcare methods is the major driving factor of this market.
The agricultural enzymes market was valued at USD 251.1 million in 2016 and is projected to reach USD 474.7 million by 2022, at a CAGR of 11.2% during the forecast period. The agricultural enzymes market is growing rapidly owing to factors such as cost savings and increasing demand for biofertilizers. The trend towards sustainable industrial agriculture has created opportunities for agricultural enzyme manufacturers to generate significant revenues by developing enhanced and high-quality products for customers.
The Calcium Propionate Market is estimated at USD 277.1 million in 2018 and is projected to reach a value of USD 363.3 million by 2023, at a CAGR of 5.6%. The growth of the Calcium Propionate Market is driven by factors such as growth in demand for bakery products with extended shelf life and cost advantages provided by calcium propionate over other preservatives, which contribute to increased demand and adoption rate.
The Global Microencapsulation Market was valued at USD 6.3 billion in 2018 and is projected to reach USD 11.8 billion by 2023 at a CAGR of 11.4% from 2018 to 2023. The market is driven by factors such as the increasing demand for fortified food products with health benefits, the increasing demand for agrochemicals due to its controlled release property, growth in construction and construction materials, as well as the widespread application in household & personal care.
The frozen bakery product market is projected to reach a value of USD 23.48 Billion by 2022 at a CAGR of 7.9% from 2016. Increase in demand for convenient food products and drive for greater taste, safety, and consistency are the major factors driving the global frozen bakery products market. The high growth potential in emerging markets such as India and China, and untapped regions provide new growth opportunities for the players in the frozen bakery products market.
The snack pellets market is estimated to account for about USD 2.0 billion in 2018 and is projected to reach a value of about USD 2.5 billion by 2023, at a CAGR of 5.3%. The growth of the snack pellets market is driven by the rising demand for prepared and convenience food products. In addition to this, the growing focus on facility expansion, marketing schemes, and information exchange programs for creating awareness to enhance the consumption of snack pellets has contributed to the growth of the market.
The food flavors market was valued at USD 12.94 billion in 2017; it is projected to grow at a CAGR of 4.8%, to reach USD 17.10 billion by 2023. Factors such as the growing inclination toward clean-label products and technological introductions to flavors such as microencapsulation and non-thermal techniques have been driving the flavors market.
The non-thermal processing market, was valued at USD 760.7 Million in 2016. It is projected to reach USD 1,224.2 Million by 2022, at a CAGR of 8.4% from 2017. The market is driven by the factors such as process optimization, trend of adopting novel technologies, growth of the packaged foods industry, and increase in R&D activities. The growth of the convenience food industry, especially in the processed meat sector, has been driving the market, as meat products are prone to microbial contamination.
The Global oilseeds market is estimated to be valued at USD 250.0 billion in 2019 and is projected to reach USD 335.0 billion by 2025, recording a CAGR of 5.0%. Due to the growing health awareness among consumers, the demand for healthy oil in the preparation of foods is increasing. The change in the dietary habits of consumers has also led to an increase in demand for oilseeds.
The Vitamin D market is estimated to account for about USD 1.1 billion in 2019 and is projected to reach a value of nearly USD 1.7 billion by 2025, growing at a CAGR of 7.0% from 2019 to 2025. Among the analogs in the vitamin D market, vitamin D3 was the dominant analog. Vitamin D3 is an essential micronutrient required for the maintenance of the bones and the aversion of osteoporosis and rickets. The global market is driven by growth in awareness of vitamin D deficiency, rise in incidences of osteoporosis in women, and increase in cases of malnutrition in children.
The de-oiled lecithin market is estimated to be valued at USD 156. 5 million in 2018 and is projected to reach USD 232.1 million by 2023, at a CAGR of 8.2% during the forecast period. The market is driven by factors such rise in clean label food, increase in demand of trans-fatty acid and healthy snacking, and the replacement of artificial and synthetic emulsifier with natural and eco-friendly emulsifiers such as de-oiled lecithin in various different regions.
The infant formula ingredients market is projected to reach USD 23.79 Billion by 2022, at a CAGR of 9.4% from 2017 to 2022. The market is driven by factors such as the increase in the number of working women, the inability of mothers to lactate sufficiently, and preference for convenience feeding.
The calcium propionate market is estimated at USD 277.1 million in 2018 and is projected to reach a value of USD 363.3 million by 2023, at a CAGR of 5.6%. The growth of the calcium propionate market is driven by factors such as growth in demand for bakery products with extended shelf life and cost advantages provided by calcium propionate over other preservatives, which contribute to increased demand and adoption rate.
Gluten-free Products market is estimated to be valued at USD 4.48 billion in 2018 and is projected to reach USD 6.47 billion by 2023, at a CAGR of 7.6%. The market is driven by an increased diagnosis and awareness of celiac disease and other food allergies as well as health benefits associated with the adoption of special dietary lifestyles.
The Market for Snack Pellets is estimated to account for about USD 2.0 billion in 2018 and is projected to reach a value of about USD 2.5 billion by 2023, growing at a CAGR of 5.3% from 2018. The demand for snack pellets is growing due to the increasing adoption of the rise in on-the-go consumption has encouraged the savory snack manufacturing industry to produce new products that could meet these rising demands from the working-class consumers.
The Industrial Oils Market is estimated to account for a value of USD 60.2 billion in 2019 and is projected to grow at a CAGR of 5.0% from 2019, to reach a value of USD 80.7 billion by 2025.
The Biodiesel industry is projected to be a major revenue generator for industrial oils manufacturers in the coming years due to its reduced environmental impact. In addition, the industrial sector in the emerging countries of the Asia Pacific region is growing with countries such as China and India, which are the hub of industrial oils, due to the expanding chemical, biodiesel, and cosmetics industries.
