About Wood-derived Food Additives
Wood-derived Food Additives are products which are made up of wood or natural raw materials and essentially added to the food for enhancing its preservation, flavoring and appearance. Vanillin, Lignin, Xylan, and Fibrillated Cellulose are the major types of wood derived food additives. These act as emulsifying agents, texture enhancers, thickening agents, sweeteners, and others. Growth of the veganism culture and chemical-free organic culture has led to the growing demand for natural ingredients based food. North America is currently the largest market of the wood derived food additives market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Ingredion Inc. (United States), Cargill Inc. (United States), Archer-Daniels-Midland (United States), Tate & Lyle Plc (United Kingdom), DuPont Nemours, Inc. (United States), Evonik Industries AG (Germany), Kerry Group Plc (Ireland) and Solvay SA (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Prinova Group LLC (United States), Lesaffre (France) and CP Kelco U.S., Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Wood-derived Food Additives market by Type (Fibrillated Cellulose, Lignin, Xylan, Vanillin and Others), Application (Thickening, Gelling, Emulsifying Agent, Texture Enhancer and Sweetener) and Region.
On the basis of geography, the market of Wood-derived Food Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Wood-derived Food Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Dairy and Frozen Desserts will boost the Wood-derived Food Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Wood Derived Sweeteners are rising in Demand
Market Growth Drivers:
Growth of the Veganism and Organic Culture and Rising Demand from the End User Industries
Challenges:
Presence of Adulteration and Contamination of the Products
Restraints:
High Cost compared to Other Food Additives
Opportunities:
Asia Pacific Region is expected to drive the Demand over the Coming Decade
Market Leaders and their expansionary development strategies
In 2019, BASF SE, a Germany based chemical conglomerate has announced acquisition of Isobionics, which is said to be an innovative manufacturer in the field of natural flavors and fragrances. This deal is the first step of the BASF towards the field of the natural aroma ingredients which earlier was only engaged in synthetic aroma ingredients business. BASF also looks to further partner with biotech firm Conagen in order to develop and distribute natural vanillin.
In 2019, Firmenich SA, a French multinational flavors and fragnance company has announced acquisition of 17% stake in another French company Robertet, which specialises in the production of the natural ingredients using natural raw materials. Firmenich acquired the 17% stakes of Robertet from its previous holder First Eagle Investment Management. Further Firmenich is eying to acquiring or holding majority stakes in the Robertet to enter into the business of the natural ingredients with global rise in demand for natural ingredients.
Key Target Audience
Wood-derived Food Additives Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.