Food & Beverage Chemicals Market Analysis

The market is segmented by application into bakery, beverages, chocolate & confectionery, convenience food, dairy, fruit & vegetable processing, functional foods, meat, poultry, fish, pet food and others. Among these segments, the bakery segment registered a significant market share in the year 2020 and is further anticipated to grow remarkably during the forecast period. The growth of the segment can be attributed to the growing use of food additives in bakeries and restaurants for enhancing the taste, appearance, aroma and texture of the food. Additionally, the food additives are also used in bakeries to preserve, color, emulsify or sweeten the food items, which is further anticipated to raise the demand for food chemicals, such as additives in bakeries.

Our in-depth analysis of the global market includes the following segments