The association of clean labelled food with enhanced safety and health benefits are increasing the demand for clean labelled food additives. The growing consumer demand for transparency and authenticity is also boosting the demand for the clean labelled food additives market in the food industry.
Various health and environmentally conscious consumers are increasingly preferring socially responsible and minimally processed clean labelled food additives. Hence, several leading food and beverage companies are removing artificial flavours and colours, which is fuelling the market for clean labelled food additives.
Furthermore, the rising trend of health and wellness is prompting various companies to develop food and beverages with functional benefits, therefore invigorating the market for clean labelled food additives. The increasing research activities to develop innovative clean labelled food additives that boost savoury characteristics of food and beverage products are likely to add to the market growth in the forecast period.
Various leading companies of clean labelled food additives, such as Cargill, Incorporated and Kerry Group plc (LON: KYGA), are surging the manufacturing and production of such additives, which is expected to propel the growth of the clean labelled food additives market.
In May 2022, Cargill, Incorporated announced an investment of USD 2.4 million to double the production of organic non-GMO tapioca syrup in Cikande, Indonesia. The company would upgrade blending and storage tanks, add filling stations, and improve the warehouse. Through the upgrade, the company would meet the target of tapioca syrup production volume of 12,000 metric tonnes by 2024. With the investment, the company would also meet the growing demand for sweeteners with organic and non-GMO certifications, transparent sourcing, and positive consumer perceptions.
The major players in the global clean labelled food additives market are Kerry Group plc, Archer Daniels Midland Company, Koninklijke DSM N.V., Cargill, Incorporated, Corbion NV, and Tate & Lyle PLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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