Healthy demand for food additives in APAC

WITH growing population and relatively stronger economies, the Asia-Pacific region is robustly consuming processed and packaged foods. This is driving demand for food additives which include preservatives, flavors and flavor enhancers, coloring agents, antioxidants, sweeteners, emulsifiers, anti-caking agents, enzymes, fat replacers, acidulants, and other agents. The market for additives is expected to hit $50 billion in five years as it accelerates at a CAGR of 5.6%, says ReportLinker in a new report released in July.

Aside from urbanization and developing organized markets in rural segments, the food additives market is seeing growth in APAC as a result of expanding supply chain complexities and inefficiencies in the food and beverage industry. The use of additives comes to the fore to cut spoilage and waste costs.

Japan and Australia seek more natural additives; China and India while the fastest growing markets, have become a dumping ground for artificial additives due to their lack of regulation facilities, ReportLinker further stated in this report.