Global Food Additives Market to Grow to $40bn by 2015

The global food additives market is projected to grow by over $40bn by 2015, according to a study.

The Global Industry Analysts report Food Additives: A Global Strategic Business Report said there is a continuing trend towards food additives in low-calorie and low-fat foods.

Key factors driving this growth include concerns by consumers over health and food safety, and an increasing preference for convenience foods.

The report says the US and Europe dominate the world food additives market.