The Russia food additives market size is anticipated to expand at a CAGR of 3.6% during the forecast period, 2021–2028. Growth of the market is attributed to the high usage of food additives in food and beverages industry, rising demand for different ingredients and flavors in various products, and changing lifestyle and preference of the consumers.
Food additive is a substance that is mixed with the food to enhance taste and preserve its flavor, appearance, taste, and other sensory qualities. Various additives used for preserving foods include sugar, salt, vinegar, and smoke which help in long lasting of different foods including sweets, bacon, and wines. A variety of food additives including colorants, antioxidants, preservatives, and sweeteners are used in manufacturing of wide range of foods, bakery products, drinks, meat, and dairy products.
Russia is one of the fastest rising food additive markets owing to increasing concern for safety of foods and rising health consciousness among people. Strict rules and regulations are followed in Russia regarding food additives. Food additives are restricted until the safety testing is completed. Rules and regulations by Russian legislation are established to make food products safe for human consumption.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for high nutrient food and beverages is projected to boost the market during the forecast period.
- Rising awareness about variety of flavors is anticipated to drive the market in the coming years.
- Growing demand for natural food additives is estimated to boost the market.
- Rapid growth of food and beverages industry is major factor boosting the market during forecast period.
- Adverse health effects from the food additives can act as major factor that can restrict the market in the coming years.
- Strict rules and regulations by various authorities are expected to hinder the market expansion.
- Rising consumer demand for additive free products act as challenge that can impede the market during the forecast period.
- R&D investment and technological advancement and innovation in the food additive market is projected to create significant opportunities for the market players.
Scope of the Report
The report on the Russia food additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Russia Food Additives Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Enzymes, Preservatives, Hydrocolloids, Sweetener, Food Flavors and Colorants, Emulsifier, Sugar Substitutes, and Others), Applications (Beverages, Bakery and Confectionery, Meat, Poultry, and Sea Food, Dairy & Frozen Food, and Others)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Tate & Lyle Plc., Cargill Inc., Archer Daniels Midland, European Flavours & Fragrances Plc., and DSM
Market Segment Insights:
The food flavors and colorants segment is projected to constitute a large market share
Based on types, the Russia food additives market is segregated into enzymes, preservatives, hydrocolloids, sweetener, food flavors and colorants, emulsifier, sugar substitutes, and others. The food flavors and colorants segment is expected to account for a key share of the market during the forecast period owing to rising usage of enzymes to extract flavors compounds to satisfy the product demand. It is important in the consumption and acceptance of quality in day-to-day life.
However, the sweeteners segment is anticipated to expand at a rapid pace during the forecast period due to consumer preference for healthy products and diet which raises the demand for low calorie sweeteners that is effective for weight maintenance and reduction, and decreases the risk associated with obesity.
The bakery and confectionery segment is projected to hold a major market share
In terms of applications, the Russia food additives market is segregated into beverages, bakery and confectionery, meat, poultry, and sea food, dairy & frozen food, and others. The bakery and confectionery segment is expected to represent a key share of the market in the coming years due to high usage of food additives such as flavors and colorants to increase the volume and texture of the products such as chocolates, breads, cakes, sandwiches, and biscuits and cookies.
On the other hand, the dairy & frozen food segment is anticipated to expand at a rapid pace during the forecast period owing to wide usage of food additives in different products to enhance the nutrient value of the product. It is used for increasing bioactive calcium in the milk.
Segments Covered in the Report
The Russia food additives market has been segmented on the basis of
- Food Flavors and Colorants
- Sugar Substitutes
- Bakery and Confectionery
- Meat, Poultry, and Sea Food
- Dairy & Frozen Food
- Tate & Lyle Plc.
- Cargill Inc.
- Archer Daniels Midland
- European Flavours & Fragrances Plc.
Key players competing in the Russia food additives market include Tate & Lyle Plc, Cargill Inc., Archer Daniels Midland, European Flavours & Fragrances Plc., and DSM. Some of these players are engaged in several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Cargill Incorporated introduced new carrageenan extracted from Satiagel ABN 500 algae, a part of texture variant.
Tate & Lyle launched ultra low calorie sugar through corn’s enzymatic conversion and proprietary process.