The United Kingdom food additives market is projected to grow at a CAGR of 3.02% during the forecast period (2020 - 2025).
Key Market Trends
Preservatives Hold Great Potential
The United Kingdom has well-established brands for mainstream products. Brand-building and marketing costs are substantial. The UK preservative companies are seeking options to take advantage of increasing consumer demand for healthier food and drink products. This demand for ready-to-eat foods in the country, in turn, acted as a driver for the preservatives market.
However, the processed food industry has matured considerably in the country, resulting in a constant and stable market for preservatives. Further, the growth of preservatives is restricted by stringent regulations and constant watch by FSA. Large preservatives companies will continue to target niche suppliers that have a proven track record of innovation, in order to expand their product portfolios into high growth segments.
Growing Demand of Specialty Ingredients
Specialty ingredients such as specialty emulsifiers, Specialty Starch and Texturant, sweeteners like stevia are gaining great prevalence further driving the additive market in the country. The United Kingdom has well-established brands for mainstream products. The specialty ingredients companies, such as ABF Ingredients and DuPont, are seeking to take advantage of the increasing consumer demand for healthier food and beverages products in the country. Large specialty ingredient companies are expected to continue targeting niche suppliers that have a proven track record of innovation, in order to expand their product portfolios into high growth segments, such as specialty proteins and probiotics.
Competitive Landscape
The United Kingdom food additives market is highly fragmented with the presence of numerous players in the market. The major players in the market are Cargill, Tate & Lyle, BASF, DuPont, Koninklijke DSM N.V, Givaudan, Brenntag, Novozymes, International Flavors, and Fragrances, etc. The strategies being adopted in the Food additives industry is in the innovation category under the development of natural food additives and functional food ingredients to meet customer demand.
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- The United Kingdom food additive market is significantly driven by growing demand for convenience food, primarily benefiting additives like preservatives, sweeteners, etc. Preservatives are key additives in the manufacturing process of convenience food to increase the shelf-life of the products.
- The demand for several functional beverages has been increasing among the consumers, which is anticipated to boost the demand for specialty food additives, like stevia, specialty flavors, and acidulants. Moreover, the market has witnessed the growing demand for natural food items and beverages rising with rapid pace across the region, which is accelerating the demand for natural and clean label food additives in the country.
Key Market Trends
Preservatives Hold Great Potential
The United Kingdom has well-established brands for mainstream products. Brand-building and marketing costs are substantial. The UK preservative companies are seeking options to take advantage of increasing consumer demand for healthier food and drink products. This demand for ready-to-eat foods in the country, in turn, acted as a driver for the preservatives market.
However, the processed food industry has matured considerably in the country, resulting in a constant and stable market for preservatives. Further, the growth of preservatives is restricted by stringent regulations and constant watch by FSA. Large preservatives companies will continue to target niche suppliers that have a proven track record of innovation, in order to expand their product portfolios into high growth segments.
Growing Demand of Specialty Ingredients
Specialty ingredients such as specialty emulsifiers, Specialty Starch and Texturant, sweeteners like stevia are gaining great prevalence further driving the additive market in the country. The United Kingdom has well-established brands for mainstream products. The specialty ingredients companies, such as ABF Ingredients and DuPont, are seeking to take advantage of the increasing consumer demand for healthier food and beverages products in the country. Large specialty ingredient companies are expected to continue targeting niche suppliers that have a proven track record of innovation, in order to expand their product portfolios into high growth segments, such as specialty proteins and probiotics.
Competitive Landscape
The United Kingdom food additives market is highly fragmented with the presence of numerous players in the market. The major players in the market are Cargill, Tate & Lyle, BASF, DuPont, Koninklijke DSM N.V, Givaudan, Brenntag, Novozymes, International Flavors, and Fragrances, etc. The strategies being adopted in the Food additives industry is in the innovation category under the development of natural food additives and functional food ingredients to meet customer demand.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Cargill, Incorporated
- DuPont de Nemours, Inc.
- Kerry Group plc.
- Ingredion Incorporated
- Archer Daniels Midland Company
- Tate & Lyle PLC
- Corbion NV
Methodology
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