Canada Food Additives Market is segmented by Type (Preservatives, Sweeteners, Hydrocolloids, Colorants, others), Application (Dairy & Frozen, bakery, Meat products, Beverages, Confectionary, others) & Geography
Canada population is growing at a rate of 1.2% and the increasing calorie intake per capita is leading to substantial increase in the food production. Growing urbanization and changing lifestyles are driving demand for convenience and packaged foods. In the processed and packaged foods, ensuring food safety and quality; from transportation to storage throughout farm to fork value chain is a major concern. To meet this demand, food additives are used. Food additives which are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content. Canada is the second largest market in North America after US and accounts for a share of ~%. The mature markets of North American economies constitute nearly 30% of processed food market. This, in spite of population growth rate not exceeding the growth rates of developing countries. Increased demand for processed food and beverages increased demand for the food additives market; thus addressing the supply chain complexities/inefficiencies in the food and beverage industry .Transportation costs, last mile reach for food products, storage facilities, are increasing for companies, thus deterring the efficiency in the farm to fork value chain. This emphasized on the use of food additives to reduce the spoilage and wastage costs. Health Canada regulates the market for food additives, and its stringent regulatory procedure restrains companies from registering new products in to the Canadian market. The food additives market is segmented by type viz. Preservatives, Food flavors and Flavor enhancers, Antioxidants, Sweeteners, Emulsifiers, Anti Caking agents, Enzymes, Fat replacers, Acidulants and others (texturizer, shelf life stabilizers, etc). Food Additives find major applications in Bakery & Confectionary, Dairy & Frozen products, Oils & Fats, Savory snacks, Meat poultry & Sea food products, Beverages and others, thereby driving the market for food additives. The major players in the market are Cargill, Tate & Lyle, Palsgaard, DuPont, DSM, Givaudan, Brenntag, Novozymes, International Flavors and Fragrances, etc. The strategies being adopted in the Food additives industry is in the Innovation category under the development of natural food additives and functional food ingredients to meet the customer demand. Companies need to undertake ‘clean label’ solutions to meet the safety standards to cater to the changing preferences of Americans. The FAO/WHO committee along with CODEX determines the acceptable standards of food additives to be used. However, General standard for Food Additives (GSFA) chaired by China needs a wider acceptance for improved International Trade. Key Deliverables in the Study • Market analysis for the Canada Food Additives Market, with region specific assessments and competition analysis on global and regional scales. • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the Canada Food Additives Market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.