Dive Brief:

• Transparency Market Research's food additives report values the 2014 global food additives market at $31.43 billion and forecasts the market will, moving at 3.4% CAGR from 2015 to 2021, hit $39.85 billion by that final year.
• The segments of the market are flavors and enhancers, sweeteners, enzymes, colorants, emulsifiers, food preservatives and fat replacers.
• Driving the growing food additives market is growth in the food and beverages industry, more demand for functional food additives due to increasing health concerns, and a shift away from artificial food additives toward natural food additives.

Dive Insight:

Growing urbanization and changing lifestyles are driving demand for convenience and packaged foods that use food additives. The trend is away from artificial additives toward natural ones. However, Transparency notes artificial food additives still lead the market, in part because in emerging economies, the use of artificial additives is still acceptable. Natural additives are ten times more expensive than artificial ones and have a shorter shelf life.