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 report also discusses the key players involved in the market such as Aarkay Food Products, Archer Daniels Midland Company, Allied Biotech Corp, BASF, Biolanders SAS, Hansen, Döhler Group, Frutarom Industries ,Falcon Essential Oils, Fiorio Colori and others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
Key insights presented in the report:
• Market revenue shares by major business players, by type, by application, and market scope of global synthetic food market
• Sales revenue by key players and new entrants
• Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
• Recent mergers, acquisitions, product launches, recent investments, and joint ventures
• Regional analysis to provide insight to recent trends and opportunities
The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also offers a country wise analysis to impart better understanding of the global synthetic food market with regards to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities, and presence of key players in the region.
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The report further segments the global synthetic food market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.
synthetic food segmentation based on product types: Synthetic Color, Enzymes, Hydrocolloids, Antioxidants, Flavor and Fragrances, Fats and Oils
synthetic food segmentation based on applications: Beverages, Bakery and Confectionery, Dairy and Frozen Products, Animal and Pet Food, Savory and Snacks
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The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
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