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Seattle, December 13, 2021/PRNewswire/--According to Coherent Market Insights, the European natural food additives market is valued at USD 9.595 billion in 2021 and is expected to be within the forecast period (2021 to 2028).

The main trends and analysis of the European natural food additives market:

The growing demand for plant extracts and essential oils in the food and beverage industry is one of the main drivers of the European natural food additives market. Plant extracts are used as food additives in the food and beverage industry to improve the nutritional content of food. The growing demand for functional foods and beverages is expected to contribute to the growth of the natural food additives market. This is due to the increasing awareness of the health benefits associated with eating nutritious foods. Essential oils are used in the food and beverage industry because consumers need to use more natural ingredients in the products they buy, including processed foods. They replace toxic chemical reagents for the flavoring and preservation of food. In addition, the International Trade Center (ITC) stated in 2014 that adding essential oils to packaging can improve water vapor barrier properties, reduce transparency, and help prevent food spoilage. For example, according to CBI’s Ministry of Foreign Affairs-to promote imports from emerging economies (such as Brazil, France, Italy, etc.) to the center of Europe, Europe’s major essential oil trader orange oil (an essential oil) is expected to increase by 9.7 from 2017 to 2022 %.

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The European natural food additives market is expected to have a compound annual growth rate of 5.6% during the forecast period (2021-2028). The market is mainly driven by its wide range of applications in the food and beverage industry for different purposes such as preservatives, flavor enhancers, emulsifiers, sweeteners, colorants and various other uses. In addition, the demand for convenience foods and packaged foods continues to grow, and the use of additives is higher, which further promotes market growth. However, strict environmental regulations, such as the Food and Drug Administration (FDA)'s direct use of additives for processed foods and food contact substances (such as food packaging products), are expected to hinder market growth.

Among the product types, plant extracts accounted for the majority of European revenue in 2020. In the part of plant extracts, oleoresin and spice oil are extracted from spices through various techniques, such as steam distillation, supercritical CO2 extraction process and solvent extraction. Perfume oleoresin contains the volatile and non-volatile components of the perfume, and is used to replace the whole perfume without compromising the aroma and flavor. In addition, the increasing use of spices as natural preservatives in meat and poultry products is one of the key factors driving the demand for spices in Europe. Due to the growing demand for natural ingredients in the food and beverage industry, fruit and vegetable extracts are becoming more and more popular.

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Major players operating in the European natural food additives market include BASF SE (Germany), Evonik Industries AG (Germany), Tate & Lyle PLC (UK), Dohler (Germany), Danisco A/S (Denmark), Symrise AG (Germany) ), Firmenich SA (Switzerland) and Chr. Hansen A/S (Denmark), International Players (Cargill, Inc. (U.S.), Kerry Group (Ireland), Carbery Group Ltd. (Ireland), Ajinomoto Co., Inc. (Japan) and Kalsec Inc. (U.S.))

Major players are launching new innovative natural food additive products to meet the growing demand for natural ingredients. For example, in July 2018, Tate & Lyle, a supplier of food and beverage ingredients, launched Tasteva M stevia sweetener made from stevia leaf extract. This product is aimed at customers who want to reduce sugar and calorie content without compromising taste. For example, in June 2018, DuPont Nutrition and Health launched Guardian Toco 30P, a label-friendly, natural-derived powdered antioxidant. The product will be aimed at manufacturers of cereals and granola. These factors are responsible for the growth of plant extracts.

European natural food additives market, by product type:

European natural food additives market, by function:

European natural food additives market, by application:

The global European natural food additives market by region:

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Coherent Market Insights is a global market intelligence and consulting organization focused on helping many of our clients achieve transformational growth by helping them make key business decisions. We are headquartered in India, with sales offices in Global Financial Capital in the United States, and sales consultants in the United Kingdom and Japan. Our customer base includes participants from various business verticals in more than 57 countries/regions around the world.

Mr. Shah Senior Client Partner-Business Development Coherent Market Insights Tel: United States: +1-206-701-6702 United Kingdom: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848 -285-0837 Email: [Email Protection] Website: https://www.coherentmarketinsights.com Follow us: LinkedIn | Twitter

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