France Food Additives Market to Register a CAGR of 4% through 2020
Rising per capita disposable income coupled with increasing consumption of processed and packaged food to drive France food additives market
Food additives are substances added to food products to enhance their taste, color and texture. Besides enhancing quality, these additives also prevent microbial growth and improve shelf-life of food products. France is one of the major markets for food additives in Europe due to high demand for processed and packaged food, convenience food, non-alcoholic beverages, bakery items, ready-to-eat food products and cereals. Growth in France food & beverage industry is expected to drive consumption of food additives in the coming years.
According to recently published TechSci Research report “France Food Additives Market Forecast and Opportunities, 2020”, the food additives market in France is projected to grow at CAGR of more than 4% through 2020. The market is broadly divided into five segments namely colorants, flavors & flavor enhancers, sweeteners, emulsifiers and preservatives. Northern and western regions generate the highest demand for food additives in the country, due to the presence of a large number of food and beverage manufacturing companies. Givaudan, Ajinomoto and Dupont are some of the major suppliers of food additives in France.
Over the last decade, increasing per capita disposable income, growing working population coupled with accelerating demand for variety of different cuisines and tastes has generated huge interest in traditional and local French flavors. Moreover, booming demand for dark chocolates, candies and other confectionary items is expected to propel the market for sweeteners, food colorants and emulsifiers in the country. Rise in demand for food additives in France can be also attributed to the increase in technology innovations undertaken by manufacturers to enhance the taste, quality and longevity of food products.
“France food additives market is dominated by the flavors segment due to huge consumption of beverages, savory items and cereals. However, with the growing trend of consuming low calorie, natural and high intensity sweeteners such as Stevia, the sweeteners segment is expected to outperform the broader food additives market in France over the next five years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“France Food Additives Market Forecast and Opportunities, 2020” has analyzed the prospective of food additives market in France and dispenses statistics and information on market size, share and future growth. The report will accomplish in providing intending clients with advanced market intelligence and help them in taking valid investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges prevailing in the France food additives market.