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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The research study presents an industry-wide summary of the Synthetic Food market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Synthetic Food research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
- 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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The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
Major regions include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report studies the market in these regions on the basis of demand and trends, consumer behavior and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and demand, production and consumption patterns, import/export, and presence of key players in each region.
Key Regions Analyzed in the Report:
· North America
o Canada
o U.S.
o Mexico
· Europe
o Germany
o Italy
o U.K.
o France
o Rest of Europe
· Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Rest of APAC
· Latin America
o Brazil
o Argentina
o Chile
o Peru
o Rest of Latin America
· Middle East & Africa
o Saudi Arabia
o South Africa
o U.A.E
o Rest of Middle East & Africa
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Synthetic Food Market Segmentation by Type:
- Synthetic Color
- Enzymes
- Hydrocolloids
- Antioxidants
- Flavor and Fragrances
- Fats and Oils
Market Segmentation by Applications:
· Beverages
· Bakery and Confectionery
· Dairy and Frozen Products
· Animal and Pet Food
· Savory and Snacks
· Others
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