Market Size of Japan Food Additives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.73 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Japan Food Additives Market Analysis
Japan food additives market is anticipated to witness a CAGR of 5.73% over the forecast period (2020 - 2025).
- The country offers a variety of functional ingredients controlled by their Food for Specified Health Use (FOSHU) regulatory requirements approved by the Ministry of Health and Welfare.
- The country is industrially rich and hence, provides a good opportunity for the ingredient manufacturers to offer their products to the freshly blooming local industries and establish a strong consumer base in the local market.
- Japanese food has been influenced by North American and European styles in recent years which promotes the additives market. However, the Japanese still protect fine food culture, which includes the concept of healthiness, thus, regulating the market of natural ingredients over artificial ones.