India Food Additives Market
India Food Additives Market was valued US$ 495.8 Mn in 2017 and is expected to reach US$ 955.4. Mn by 2026 at a CAGR of 8.55 %.
India food additives market is segmented by product, by application. Based on product, Indian food additives market preservatives, sweeteners, hydrocolloids and colorants. Dairy & frozen, bakery, meat products, beverages and confectionery are end user segment of Indian food additives market.
Rising penetration of ready-to-eat food and growing demand for low calorie sweeteners in the country is projected to drive demand for food additives in India. Changing lifestyle and the consumer tendency towards shifting with convenient, processed and packaged products may stimulate market size. Food additives are added in small quantities in various products for improving and maintaining its freshness along with enhancing its flavour, taste, aroma, texture and appearance. Increase changing lifestyle patterns and eating habits of consumers has initiated the high consumption of processed products thereby stimulating the food additives market. Growth in per capita disposable income and rising urban middle class population are among the key market contributors.
India Food Additives Market
Food preservatives are added during food processing to increase stability and avoid spoilage. Numerous variety of preservatives are available which are used during processing. Salts, sugar, and spices are conventional additives used to preserve meat and other food types. Food preservatives prevent multiplication of microorganisms, thereby inhibiting or delaying the process of spoilage. Colouring agent in food has an important role. Colour makes food and its items very attractive and appealing to taste. Strictly follow the guidelines in food laws to ensure the safety and health of the general public.
Confectionery industry in the country exhibits growth at a CAGR of 21%. Rise in sales of chocolates, candies, sugar and other chewing gums and evolving taste palate of consumers is expected to drive consumption of food additives in confectionery segment. Food additives such as flavours and sweeteners are used in beverages. Surging demand for flavours in non-alcoholic beverages such as carbonated drinks, juices and flavoured water is further driving the India Food Additives Market.
Firmenich Aromatics India Private Limited, Zydus Cadila, Danisco, Adani Wilmer Limited, BASF, Cargil, DuPont, Archer Daniels Midland Company, Adani Wilmer, Ajinomoto, Cargill Inc., Tate & Lyle, Stevia First Corporation, Danisco, Adani Wilmer ltd, Novozymes, International Flavors and Fragrances are major players operating in the
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|Target Nation: All Nations|
Target City : Pune
Last Update : 19 September 2019
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|Item Owner : geeta narwade|
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