LONDON, Aug. 4, 2015 /PRNewswire/ -- Canada population is growing at a rate of 1.2%
and the increasing calorie intake per capita is leading to
substantial increase in the food production. Growing urbanization
and changing lifestyles are driving demand for convenience and
packaged foods. In the processed and packaged foods, ensuring food
safety and quality; from transportation to storage throughout farm
to fork value chain is a major concern. To meet this demand, food
additives are used. Food additives which are used to enhance the
taste, color, texture of food, same time maintaining the freshness
and nutritional content. Canada is
the second largest market in North
America after US and accounts for a share of ~%.
The mature markets of North American economies constitute nearly
30% of processed food market. This, in spite of population growth
rate not exceeding the growth rates of developing countries.
Increased demand for processed food and beverages increased demand
for the food additives market; thus addressing the supply chain
complexities/inefficiencies in the food and beverage industry
.Transportation costs, last mile reach for food products, storage
facilities, are increasing for companies, thus deterring the
efficiency in the farm to fork value chain. This emphasized on the
use of food additives to reduce the spoilage and wastage costs.
Health Canada regulates the market
for food additives, and its stringent regulatory procedure
restrains companies from registering new products in to the
Canadian market.
The food additives market is segmented by type viz. Preservatives,
Food flavors and Flavor enhancers, Antioxidants, Sweeteners,
Emulsifiers, Anti Caking agents, Enzymes, Fat replacers, Acidulants
and others (texturizer, shelf life stabilizers, etc). Food
Additives find major applications in Bakery & Confectionary,
Dairy & Frozen products, Oils & Fats, Savory snacks, Meat
poultry & Sea food products, Beverages and others, thereby
driving the market for food additives.
The major players in the market are Cargill, Tate & Lyle, Palsgaard, DuPont,
DSM, Givaudan, Brenntag, Novozymes, International Flavors and
Fragrances, etc. The strategies being adopted in the Food additives
industry is in the Innovation category under the development of
natural food additives and functional food ingredients to meet the
customer demand. Companies need to undertake 'clean label'
solutions to meet the safety standards to cater to the changing
preferences of Americans. The FAO/WHO committee along with CODEX
determines the acceptable standards of food additives to be used.
However, General standard for Food Additives (GSFA) chaired by
China needs a wider acceptance for
improved International Trade.
In this report we offer,
1 Market Definition for the specified topic along with
identification of key drivers and restraints for the market.
2 Market analysis for the Canada Food Additives Market, with region
specific assessments and competition analysis on a global and
regional scale.
3 Identification of factors instrumental in changing the market
scenarios, rising prospective opportunities and identification of
key companies which can influence the market on a global and
regional scale.
4 Extensively researched competitive landscape section with
profiles of major companies along with their share of markets.
5 Identification and analysis of the Macro and Micro factors that
affect the Canada Food Additives Market on both global and regional
scale.
6 A comprehensive list of key market players along with the
analysis of their current strategic interests and key financial
information.
Why should you buy this report?
1 For getting a comprehensive overview of the Canada Food Additives
Market.
2 To gain wide ranging information about the major players in this
industry and the strategies adopted by them.
3 To gain an insight about the major countries/regions in which
this industry is blooming and also identify the regions which are
untapped.
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