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The China Food Additives Market is segmented by Type (Preservatives, Sweeteners, and Sugar Substitutes, Emulsifiers, Enzymes Hydrocolloids, Food Colors, Flavor and Enhancers, and Other Types), and Application (Bakery and Confectionery, Dairy and Frozen Products, Beverages Meat Products, and Other Applications).
The Chinese food additives market is projected to register a CAGR of 5.2% during the forecast period (2020 - 2025).
The market studied is segmented by type into preservatives, sweeteners and sugar substitutes, emulsifiers, enzymes, hydrocolloids, food, colors, flavors and enhancers, and other types. Based on application, the market is segmented into bakery and confectionery, dairy and frozen products, beverages, meat products, and other applications.
|Sweeteners and Sugar Substitutes|
|Food Colors, Flavors and Enhancers|
|Bakery and Confectionery|
|Dairy and Frozen Products|
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Clean label ingredients are consumer-friendly ingredients, which are natural, organic, non-GMO, and very minimally processed. Clean label products are 100% natural, non-GMO, and organic. The demand for natural ingredients is increasing, owing to the increasing health concerns of the customers, regarding the adverse health effects of artificial ingredients. There has been an increasing consumer demand for processed food and the expectations for safer and healthier ingredients have increased the need for the introduction of clean label ingredients across diverse applications. The manufacturers are adopting the strategy of incorporating functional ingredients that can improve the nutritional profile of the product. An interest in the development of new natural flavors has been observed for their use in the food industry due to the strong consumer demand for more natural products.
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The demand for flavors is influenced by western-style cooking in China which can be observed in the growing import for flavoring products, along with domestic consumption. This is driving the market growth of premium products, such as seasonings and sauces, by inducing a sense of authenticity in the flavor. The market has observed a shift in consumer preference, owing to the expansion of the convenience food industry, which can be attributed to the growing population of working-class people, urbanization, and improved household income. The regional market holds huge potential for growth among the flavor suppliers and food manufacturers. Moreover, the Chinese market is also witnessing growth in the artificial flavor industry, due to consumer demand for exotic flavors in food.
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The market is fragmented with the presence of numerous players. The key players are focusing on product innovation, expansion, partnership, and mergers and acquisitions to meet the needs of growing consumers. The major players in the market are Archer Daniels Midland Company, Corbion NV, Kerry Group, Cargill, and Firmenich.
1.1 Study Assumptions and Market Definition
1.2 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 and Sugar Substitutes
5.1.6 Food Colors, Flavors and Enhancers
5.1.7 Other Types
5.2 By Application
5.2.1 Bakery and Confectionery
5.2.2 Dairy and Frozen Products
5.2.4 Meat Products
5.2.5 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Archer Daniels Midland Company
6.3.2 Corbion NV
6.3.3 Kerry Group
6.3.5 Cargill Incorporated
6.3.6 BASF SE
6.3.7 International Flavors and Fragrances
6.3.8 Palsgaard Gods A/S
7. MARKET OPPORTUNITIES AND FUTURE TRENDS