Global Synthetic Food Market Forecast to 2027
The global Synthetic Food Market is expected to reach USD 23.05 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the rapidly changing consumer lifestyle, including eating preferences due to rising urbanization specially throughout the analyzed regions across the globe. Various artificially engineered ingredients offer unique flavors and textures along with good nutrients for a balanced healthy content in the meals. Rising consumer inclination towards processed and ready-to-eat products with ensuring nutrition, safety and quality will propel product demand.
Legislative amendments by international and regional organizations, including FSSAI, FDA, EFSA, JTAFS, FSANZ and CFIA to encourage product application will supposedly drive synthetic food market growth. The mentioned guidelines effectively permit manufacturers to directly add artificial ingredients as seasonings and indirectly in vinegar and salt.
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Research Report on the Synthetic Food Market Addresses the Following Key Questions:
- Who are the dominant players of the Synthetic Food market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Synthetic Food market?
- What are the key growth drivers and restraining factors of the Synthetic Food market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Synthetic Food market and its key segments?
Market Overview:
The report bifurcates the Synthetic Food market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Based on the types, the market is segmented into:
Synthetic Color, Enzymes, Hydrocolloids, Antioxidants, Flavor and Fragrances, Fats and Oils
Based on Applications, the market is segmented into:
Beverages, Bakery and Confectionery, Dairy and Frozen Products, Animal and Pet Food, Savory and Snacks
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Regional Landscape section of the Synthetic Food report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Synthetic Food market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
- Aarkay Food Products
- Archer Daniels Midland Company
- Allied Biotech Corp
- BASF
- Biolanders SAS
- Hansen
- Döhler Group
- Frutarom Industries
- Falcon Essential Oils
- Fiorio Colori
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