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Canada Food Additives Market is segmented by Type (Preservatives, Sweeteners, Emulsifiers, Anti-Caking Agents, Enzymes, Hydrocolloids, Food Flavors and Enhancers, Food Colorants, and Acidulants); and by Application (Beverages, Bakery, Meat, and Meat Products, Dairy Products, and Others)
The Canada food additives market is projected to grow with a CAGR of 3.6% during the forecast period, 2020 - 2025.
The Canada food additives market is segmented by type and application. On the basis of type, the market is segmented into preservatives, sweeteners, hydrocolloids, food colorants, sugar substitutes, emulsifier, anti-caking agents, enzymes, food flavors and enhancers, and acidulants. On the basis of application, the market is segmented into bakery, confectionery, dairy, meat, poultry, and seafood, beverages, and others.
|Sweeteners & Sugar Substitutes|
|Food Flavors & Colorants|
|Meat, Poultry, & Sea Foods|
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The Canadian sweetener segment is recorded to have significant growth over the last decade. This segment includes bulk sweetener and sugar substitute. The bulk sweetener subsequent, which include sucrose, fructose. lactose, high fructose corn syrup (HFCS), and others are the largest segment. Growing health concerns associated with artificial sweeteners such as aspartame and saccharin are driving consumers' interest in natural sweeteners. Steviol glycosides majorly contribute to the growth in the natural high-intensity sweeteners space followed by monk fruit extract - Mogroside V. Sugar substitutes like stevia, aspartame, sucralose, neotame, acesulfame potassium, and saccharin. are approved by USDA and are categorized under GRAS in Canada. Therefore, these favorable regulations result in further growth of the market.
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The population of Canada represents diversified tastes and preferences; thus, manufacturers are constantly innovating and widening their product portfolio to meet the dynamic consumer demands. Hectic lifestyles present a suitable opportunity for on-the-go breakfast and convenient baked goods. In the booming markets of Canada, indulgence is leading the growth in baked goods and pastries, in particular. Furthermore, an increase in the number of retailers, retail channels and formats is increasing consumer access to process and convenience foods, thereby eventually resulting in a further increase in demand for food additives by the food & beverage industry in Canada.
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The Canada food additives market is highly competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the country's market include Cargill Incorporated, DuPont de Nemours, Inc., Ingredion Incorporated, NOW Health Group, Inc., JG Group Stevia Canada, Brenntag Canada, Inc., and Jungbunzlauer Suisse AG, among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.2 Sweeteners & Sugar Substitutes
5.1.6 Food Flavors & Colorants
5.2 By Application
5.2.5 Meat, Poultry, & Sea Foods
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Cargill, Incorporated
6.3.2 DuPont de Nemours, Inc.
6.3.3 Ingredion Incorporated
6.3.4 NOW Health Group, Inc.
6.3.5 JG Group Stevia Canada
6.3.6 Brenntag Canada, Inc.
6.3.7 Jungbunzlauer Suisse AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability