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New York, January 5, 2021 (GLOBE NEWSWIRE) – In June 2019, the Joint FAO / WHO Expert Committee on Food Additives (JECFA) in its 87e The meeting concluded that the use of low acyl clarified gellan gum (a herbal food additive used as a gelatin substitute) is well tolerated and poses a low risk when used in formulations with medical purposes for infants under medical supervision. Gellan is commonly used in high profile fine dining restaurants to make tasty gels.
Research Nester has published a detailed report on ‘Global Bakery and Restaurant Food Additives Market‘ which is segmented by end users and region. The detailed market analysis helps the market players to understand the overall scenario and to strengthen their position in this competitive landscape. Through our report, readers clearly understand recent trends, growth drivers, opportunities and challenges related to market growth between 2018 and 2027.
The food and beverage industry is one of the fastest growing industries where consumer spending on food is expected to exceed $ 19 trillion by the end of 2030. The growing demand for processed or packaged foods with better taste, better flavor and better presentation creates many opportunities for major manufacturers of food additives such as colors, flavors and flavor enhancers, preservatives, emulsifiers and sweeteners to improve appearance, texture, the shelf life, freshness and overall quality of the products. In addition, the ongoing COVID-19 pandemic has increased the demand for packaged and safe food around the world. Driven by these notable factors, food additives are widely used in the beverage, bakery, confectionery, dairy, meat and poultry industries. The global confectionery market is expected to generate a boom in revenue of around $ 950 billion in 2020, while the food and beverage industry is expected to cross a market valuation of $ 225 billion in the same year. Bifurcated by distribution channels, the food and beverage industry is segmented into online and offline channels. Despite the growth of online channels due to the growth of e-commerce and social media channels with the aim of targeting large audience volume, the majority of the shares are estimated to be occupied by the offline channels segment. Additionally, the coronavirus pandemic has facilitated the growth of online retail channels in an effort to minimize the spread of the virus by providing safe, same-day delivery with flexible costs.
“The final report will cover the impact analysis of COVID-19 on this industry.”
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In 2018, the global bakery and restaurant food additives market grossed USD 43.94 million and is expected to grow at a CAGR of 5.21% during the forecast period, which is 2020-2027. By 2027, the market is expected to reach USD 68.45 million. The market growth is driven by many factors such as consumer preference for food additives as they offer properties such as maintaining food freshness and longevity, increasing demand for packaged food and rapid advancements linked to natural food additives through healthy and organic food. consumer preferences. In addition, innovation and R&D investments by leading food additive companies promote the development and advancement of food products in the market. For example, DuPont de Nemours, Inc. invested $ 955 million in research and development activities for the year ended December 31, 2019.
Geographically, the world food additives market for bakeries and restaurants is segmented by regions in North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia-Pacific bakery and restaurant food additives market is expected to generate the highest revenue throughout the forecast period growing at a CAGR of 6.38%. With an increase in advancements in the production of bakery products, countries like China, India, Japan, Singapore and Hong Kong have created immense opportunities for food additive manufacturers, thus boosting the market growth. .
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The study further incorporates annual growth, demand and supply and future prospects in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, rest of LATAM), Europe ( United Kingdom, Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa).
Based on the end user, the global food additives market is segmented into bakeries and restaurants. Among these segments, the foodservice segment is expected to retain its leading position throughout the forecast period and is expected to cross the market valuation of USD 45 million in 2027, when the highest growth rate is expected to be captured. by the bakery segment during the forecast period. The growth of the bakery segment can be attributed to the increase in supply and demand for bakery products and the increasing awareness of end users of organic baking methods through the use of materials and additives. natural, natural and healthy. In addition, the high demand for bread, due to the increase in many consumer expectations and preferences, contributes to the increased demand for additives. However, unwanted allergic reactions and intolerance caused by the consumption of food additives triggering health concerns along with the strict regulations developed by the FDA for additives are among the challenges that could negatively impact the growth of the market. .
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Some of the major industry leaders mentioned in our report and associated with the global bakery and restaurant food additives market are DuPont De Nemours, Inc., Archer Daniels Midland, BASF, Tate & Lyle and Ajinomoto.
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