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Packaged Food Boom Drives Global Food Additive Market to Reach US$ 104.79 billion by 2034, Led by Asia-Pacific Region's Rising Demand
The consumption of food additives in the beverage sector is anticipated to remain elevated through 2034 due to the emergent use of artificial and natural sweeteners in various industries.
Food additives are essential for improving the freshness, flavor, texture, and shelf life of food products. The growth of the food and beverage sector is driving the food and beverage additive market, influenced by shifting population eating trends towards packaged food and beverage consumption.
Manufacturers offer additives from various sources, such as plants, animals, or minerals, to meet consumers' evolving needs. New natural preservatives are being developed to preserve the nutritional quality of food.
Packaged food and beverages and the demand for edible products with health benefits are predicted to support the demand for food and beverage additives and sales in food and beverage products during the forthcoming decade.
Consumers demand sensory ingredients and functional ingredients, with sensory ingredients enhancing taste, smell, flavor, and texture, and functional ingredients adding nutritional qualities. The high disposable incomes of people in the United States have increased the production of food and beverage products, leading to the growing consumption of additives.
says
The market is anticipated to develop, especially for fat substitutes, as people become more aware of the risks of obesity and heart disease. Emulsifiers and enzymes are also envisioned to see an increase in demand. The competition in this market is diverse and dynamic, with leading food supplement manufacturers innovating to develop new solutions and stay ahead of the game. They focus on quality, innovation, and meeting customer preferences. Many top food and beverage companies are working to obtain regulatory approval for their products and are using strategies such as acquisitions, partnerships, collaborations, distribution agreements, and mergers to extend their global reach.
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Another feather to her cap manifests in the form of process automation. She is vocal about bringing automation to the fore to bring a 360-degrees-round revolution in manufacturing sector.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India .
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India . FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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View original content: https://www.prnewswire.co.uk/news-releases/packaged-food-boom-drives-global-food-additive-market-to-reach-us-104-79-billion-by-2034--led-by-asia-pacific-regions-rising-demand-302161911.html