About Synthetic Food
With the upsurging growth of the food & beverage industry with respect to increasing population and changing consumer preferences towards Ready to Eat (RTE) products will ultimately increase the demand for synthetic foods. In addition to this, changing consumption habits as well as consumer lifestyles are further increasing the demand for synthetic food items. Also, the growing demand for packaged food has fueled the adoption of artificial additives due to their strong role in enhancing product shelf life and retaining flavor and taste. Synthetic foods can be a variety of consumables which are manufactured with the help of artificial or biotechnological methods with the help of nutritive substances.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.87% |
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. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Synthetic Food market throughout the forecasted period. 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.
Aarkay Food Products Ltd. (India), Archer Daniels Midland Company (United States), Allied Biotech Corp (Taiwan), BASF SE (Germany), Biolandes SAS (France), Chr. Hansen (Denmark), Döhler Group (Germany), D.D. Williamson & Co., Inc. (United States), FMC Corporation (United States) and Flavorchem Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Fiorio Colori SRL (Italy), Falcon Essential Oils (India), Frutarom Industries Ltd. (Israel) and Sensient Technologies (United States).
Segmentation Overview
AMA Research has segmented the market of Global Synthetic Food market by Type (Colour, Enzymes, Hydrocolloids, Flavour & Fragrances, Antioxidants, Emulsifiers and Fat Replacers), Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Processed Food, Convenience Foods & Beverages, Sauces, Dressings, Spreads Savory and Snacks, Animal and Pet Food and Oils & Fats) and Region.
On the basis of geography, the market of Synthetic Food 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. Offline Stores will boost the Synthetic Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Ghost Restaurants Equipped with Highly Automated Robots and Smart Ovens and Changing Consumer Lifestyle and Consumption Habits
Market Growth Drivers:
Continuously Growing Adoption of Ready to Eat Products and Increasing Global Population leading to Increased Synthetic Food Consumption
Challenges:
Continuously Changing Consumer Preferences and Ongoing Food Product Trends and Increasing Raw Material Prices for Food Products
Restraints:
Comparatively Expensive Organic Ingredients such as Organic Edible Colours and Rising Awareness about Healthier Food Consumption and Advantages of the Same
Opportunities:
Growing Adoption of Miso Pastes made from Different Beans and Grains and Upsurging Demand for Soft Drinks, Alcohol, Energy Drinks, and Synthetic Dairy Products
The FDA requires food manufacturers to list all ingredients on the label, with the ingredients used in the greatest amount first, followed in descending order by those in smaller amounts. The label must list the names of any FDA-certified color additive. With the exception of carmine/cochineal extract, color additives exempt from certification can be listed collectively as “artificial colors”, “artificial color added,” “color added,” or equally informative terms.
Key Target Audience
Synthetic Food Manufacturers, Synthetic Food Distributors and Traders, Synthetic Food Upstream and Downstream Buyers, Food and Beverage Industry Associations, Government Regulatory Agencies and Others
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.