Printer Friendly

Food additives industry to experience major growth of $700 million through 1996.

The food additives industry will experience major growth through 1996 and approach a total market size of $5 billion, according to a new Pathfinder report from TPC Business Research Group.

Food Additives in the United States (#PF104) forecasts a dynamic, promising food additives industry through mid-decade with overall compounded growth of 3.5 percent by 1996.

According to the Pathfinder study, consumer demand for healthy, tasty and convenient foods will drive the market to develop new and more sophisticated additives. Flavors, for example, must be more natural, to meet consumer desires for natural products, yet must also be stronger and faster acting to allow cooking in microwave ovens.

The industry will also respond to the Nutrition Labeling & Education Act of 1990 (NLEA), as food processing companies search for ingredients and additives which meet NLEA requirements, and which can make legal claims for health benefits, the study says.

Changing demographics and eating habits will continue to motivate development of new food products. Microwave ovens, an aging population, two worker families, increasing ethnic population and pride, and other factors will increase the diversity of available foods.

Various segments of the industry will surge in growth. The most promising segment, calorie and fat reduction/replacement, will grow at a rate of 20 percent through 1996 to an estimated $300 million. Competition will remain high, and some products may not succeed.

The nonnutritive sweeteners segment will experience major changes as Monsanto/Nutrasweet's aspartame patent expires in December 1992. Other nonnutritive sweeteners will enter the market and lead to greatly increased competition in this billion dollar market and a predicted $275 million price drop on aspartame i 1993, the study says.

This new Pathfinder study provides primary market data for: acidulants, colors, calorie-replacement agents, preservatives, formulation aids, and processing agent.s Markets analyzed and forecast by the study include: bakery goods, beverages, confectionery, dairy products, meats/seafood, snack foods, and others. The detailed report represents new information on: products and markets; applications markets; marketing; competitive intelligence; technology; environmental, legislative and regulatory trends; ad food additive producers.
COPYRIGHT 1992 Frozen Food Digest, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Frozen Food Digest
Article Type:Industry Overview
Date:Oct 1, 1992
Words:341
Previous Article:New LP volumetric liquid filler.
Next Article:Consumer health concerns propel light dairy market to $25.7 billion.
Topics:


Related Articles
US demand for nutraceuticals will advance nearly ten percent annually to $2.8 billion in 2003.
FDA Issues Warnings About Herbal Additives in Food and Drinks.
US DISINFECTANT & ANTIMICROBIAL CHEMICALS DEMAND TO REACH $700 MILLION THE YEAR 2005.
Demand for Food and Beverage Flavors and Fragrances Expected to Rise.
US cosmetic & toiletry chemicals demand driven by age-defying benefits.
Leatherhead news. (Informalia).
Bookshelf.
US beverage additives demand to reach $1.7 billion in 2006.
DuPont-Bunge venture sold on soy protein.
ICE 2006--Preshow Short Courses.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters