Global Food Ingredient Industry
The global food and beverage additive market is expected to surpass the $8 billion mark in 2012, reports Freedonia. Demand will be fuelled by rising additive use to boost the quality of finished products, control costs, and meet demand for newer food and beverage products, such as flavored waters.
Food ingredients are used to boost the quality, appearance, or nutritional value of various food and beverage products, reports Koncept Analytics. Food ingredients are also often used to extend the shelf life of food and beverages, make products microbiologically safe, boost nutritional value, facilitate processing as well as enhance food color, texture and flavor. Rising income, growing population, changing consumer habits and the increasing popularity of packaged goods are all factors fuelling demand for food ingredients.