North America synthesized food market - Growth, Trends, COVID-19 impact and Forecast (2020-2025)
The North America Synthesized Food Market is segmented based on type (Colour, Enzymes, Hydrocolloids, Flavour & Fragrances, Antioxidants, Emulsifiers, Fat replacers), Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Processed Food, Convenience Foods & Beverages, Sauces, Dressings, And Spreads Savory and Snacks, Animal and Pet Food, Oils & Fats).
Introduction
Synthesized Foods are those that have been produced or manufactured using new methods with the help of advancements in technology. These types of foods usually contain a high amount of protein.
Also known as artificial foods, these foods generally imitate the appearance, odor and taste of natural foods are developed from food substances that have been chemically synthesized.
During this pandemic challenging time, the consumers are often minimizing their time in stores and supermarkets but are also stocking up on food and packaged foods containing food additives as a viable solution.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 US
9.2 Canada
9.3 Mexico
10.Growth drivers
10.1 Changing dietary preferences and hectic schedules of the consumers
10.2 Launch of innovative product variants in numerous flavors,advancements in the processing technologies
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Sensient Technologies
15.2 Royal DSM
15.3 The Archer-Daniels-Midland Company
15.4 DowDuPont
15.5 D.D. Williamson & Co. Inc.
15.6 Kalsec Inc.
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The North America synthesized food market is expected to grow to $5.6 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with 5.3% CAGR
US owns a dominant share in the synthesized food market owing to the accelerating growth of the fast-food industry.
Key Trends
The trend of eating out at restaurants or buying packaged food has gathered swing in recent times, which has played a major role in propelling market demand.
Huge-scale manufacturing of synthetic food ingredients has also played an instrumental role in the growth of the global synthetic food market.
Key Market Players
The most prominent players in the market are Sensient Technologies, Royal DSM, The Archer-Daniels-Midland Company, DowDuPont, D.D. Williamson & Co. Inc, Kalsec Inc., and others.'
Industry manufacturers are looking for vertically integrated systems in distributions processes to gain better consumer approachability.
Growth Drivers and Challenges
Changing dietary preferences and the hectic schedules of the consumers have led to the rising demand for convenience food products that use food additives as key ingredients.
The launch of innovative product variants in numerous flavors, advancements in processing technologies, and extensive research and development activities are projected to drive the market further.