What is Wood-derived Food Additives?
Wood-derived Food Additives are products which are made up of wood or natural raw materials and essentially added to the food for enhancing its preservation, flavoring and appearance. Vanillin, Lignin, Xylan, and Fibrillated Cellulose are the major types of wood derived food additives. These act as emulsifying agents, texture enhancers, thickening agents, sweeteners, and others. Growth of the veganism culture and chemical-free organic culture has led to the growing demand for natural ingredients based food. North America is currently the largest market of the wood derived food additives market.
The market study is broken down by Type (Fibrillated Cellulose, Lignin, Xylan, Vanillin and Others), by Application (Thickening, Gelling, Emulsifying Agent, Texture Enhancer and Sweetener) and major geographies with country level break-up.
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.
BASF SE (Germany), Ingredion Inc. (United States), Cargill Inc. (United States), Archer-Daniels-Midland (United States), Tate & Lyle Plc (United Kingdom), DuPont Nemours, Inc. (United States), Evonik Industries AG (Germany), Kerry Group Plc (Ireland) and Solvay SA (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Prinova Group LLC (United States), Lesaffre (France) and CP Kelco U.S., Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Wood-derived Food Additives market by Type, Application and Region.
On the basis of geography, the market of Wood-derived Food Additives 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. Direct will boost the Wood-derived Food Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Dairy and Frozen Desserts will boost the Wood-derived Food Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, BASF SE, a Germany based chemical conglomerate has announced acquisition of Isobionics, which is said to be an innovative manufacturer in the field of natural flavors and fragrances. This deal is the first step of the BASF towards the field of the natural aroma ingredients which earlier was only engaged in synthetic aroma ingredients business. BASF also looks to further partner with biotech firm Conagen in order to develop and distribute natural vanillin.
In 2019, Firmenich SA, a French multinational flavors and fragnance company has announced acquisition of 17% stake in another French company Robertet, which specialises in the production of the natural ingredients using natural raw materials. Firmenich acquired the 17% stakes of Robertet from its previous holder First Eagle Investment Management. Further Firmenich is eying to acquiring or holding majority stakes in the Robertet to enter into the business of the natural ingredients with global rise in demand for natural ingredients.
- Wood Derived Sweeteners are rising in Demand
- Growth of the Veganism and Organic Culture
- Rising Demand from the End User Industries
- Asia Pacific Region is expected to drive the Demand over the Coming Decade
- High Cost compared to Other Food Additives
- Presence of Adulteration and Contamination of the Products
Key Target AudienceWood-derived Food Additives Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as BASF SE (Germany), Ingredion Inc. (United States), Cargill Inc. (United States), Archer-Daniels-Midland (United States), Tate & Lyle Plc (United Kingdom), DuPont Nemours, Inc. (United States), Evonik Industries AG (Germany), Kerry Group Plc (Ireland) and Solvay SA (Belgium) etc.
2. Can we have customized study for Wood-derived Food Additives Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Wood-derived Food Additives Market by 2026?
Analysts at AMA estimates Wood-derived Food Additives Market to reach USD Million by 2026.