Russia Food Additives Market is forecasted to grow at a CAGR of 3.6% during the forecast period (2020-2025).
Key Highlights
- Food additives are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content.
- Russia is one of the fastest-growing emerging markets and in order to address the supply chain complexities, food additives are used to meet food safety and security. Health consciousness is growing among the population, thus driving the market for natural food additives in the Russian region
Key Market Trends
Growing Demand for Retail Food
Food retail is a highly competitive industry, both in developed and developing markets. Increased number of retailers, retail channels and formats are increasing consumer access to process and convenience foods, further increasing demand for food additives by the food & beverage industry. While providing consumers with competitive prices, quality, and services, the organized retail sector exposes the consumer to label information and quality comparison with both private labels and branded products.
Food Antimicrobial Additives Market is Growing Slowly in Russia
In Russia, the food antimicrobial additives market is growing slowly as the preservatives used in Russian foods are prohibited as per WHO standards, therefore, obstructing the export of these products. Benzoates are ban in Russia owing to its role in allergies, asthma and skin rashes or can cause brain damage. Additionally, Russia’s consumer watchdog Rosselkhoznadzor discourages the use of natamycin. Moreover, the trend of ‘no-preservative’ is overall hampering the growth of the Russia market. In recent years, the application of sodium benzoate (E211) has been declining owing to the severity of harm it can cause to human health.
Competitive Landscape
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. In countries like Russia, local companies take a larger market share. Another major opportunity is in the functional food additives and natural additives market with demand for Omega 3, vitamins, fiber and antioxidants enriched foods. Some of the major players in the Russia Food Additives Market are Cargill Inc, European Flavours & Fragrances Plc, Tate & Lyle Plc, Archer Daniels Midland(ADM), Associated British Foods, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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