Jul 20, 2022   SOURCE: BusinessWire

North America Food Additives Market Analysis Report 2021-2027: Rising Population, Food Requirements, Changing Lifestyles and Preferences for Packaged Foods Driving Growth - ResearchAndMarkets.com

The "North America Food Additives Market Size, Share & Industry Trends Analysis Report By Source, By Product, By Application, By Country and Growth Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.

The North America Food Additives Market is expected to witness market growth of 4.5% CAGR during the forecast period (2021 2027).

The demand for Food Additives is expected to be driven by rising population and food requirements, as well as changing lifestyles and preferences for packaged foods. Furthermore, the increased number of working women around the world is another reason driving up packaged food demand.

Demand for confectionery and beverage goods is predicted to rise in North America as a result of a hectic lifestyle, greater urbanization, and a developing retail and hospitality sector. In the United States, consumers' desire for a plant-based diet and their willingness to pay extra for clean-label items have boosted consumption of natural-ingredient foods and beverages.

Ventura Foods, LLC, based in the United States, debuted new plant-based and dairy-free salad dressings under Marie's brand in May 2021. In the United States, the product is likely to appeal to vegans. Similarly, the US Food and Drug Administration (FDA) approved plant-based Epogee oil, namely Esterified Propoxy late Glycerol (EPG) fat replacer, for use in a variety of food applications in June 2020. Moreover, consumers' current preference for low-calorie, low-sugar foods and beverages is consequently encouraging market expansion

The US market dominated the North America Food Additives Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $26,981.1 million by 2027.

The Canada market is anticipated to grow at a CAGR of 6.9% during (2021 - 2027). Additionally, The Mexico market is expected to showcase a CAGR of 6% during (2021 - 2027).

The market research report covers the analysis of key stake holders of the market.

Key companies profiled in the report include

  • BASF SE
  • Kerry Group PLC
  • Novozymes A/S
  • Archer Daniels Midland Company
  • International Flavors & Fragrances, Inc.
  • Ingredion, Incorporated
  • Tate & Lyle PLC
  • Ajinomoto Co. Inc.
  • Chr. Hansen holding A/S
  • Cargill Corporation

Scope of the Study

By Source

  • Natural
  • Synthetic

By Product

  • Sweeteners
  • Flavors & Enhancers
  • Emulsifiers & Shelf-life Stabilizers
  • Enzymes
  • Fat Replacers
  • Prebiotics & Probiotics
  • Dietary Fibers
  • Others

By Application

  • Bakery & confectionery
  • Beverages
  • Convenience Foods
  • Dairy & Frozen Desserts
  • Spices, Condiments, Sauces & Dressings
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

For more information about this report visit https://www.researchandmarkets.com/r/p99x1g