The growing incidence of synthetic food market is driven by growing urbanization and increasing government investments in food sector

Vancouver, BC -- (SBWire) -- 04/12/2021 --The global Synthetic Food Market is expected to reach USD 23.05 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the rapidly changing consumer lifestyle, including eating preferences due to rising urbanization specially throughout the analyzed regions across the globe. Various artificially engineered ingredients offer unique flavors and textures along with good nutrients for a balanced healthy content in the meals.

The latest market report offers an in-depth analysis of quantitative and qualitative factors affecting the industry growth. Such elements of the report, along with the growth forecast over the foreseeable future, enable the reader to obtain meaningful insights into the global market.

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Key Highlights From The Report

Synthetic food market across urban areas is likely to get benefitted from easier access to consumer base, lower distribution costs, and proximity to diverse technologies without overlooking major IT and waste treatment facilities. These ingredients are precisely added in sausage casings, vegetable dyes, potato skins, inorganic pigments, gelatin desserts and powdered drink mix in order to offer good quality meals. Moreover, better availability of raw materials, improved packaging and equipment as well as the presence of trained manufacturers is anticipated to accelerate synthetic food market expansion.
With a CAGR of about 6.2%, hydrocolloids is likely to hold the majority share of the market throughout the forecast period. It is an ingredient requirement as an additive enhancing texture, viscosity, stability, and physical appearance of the meals will stimulate product demand, currently on the rise. The most common artificial hydrocolloid comprises carboxymethyl cellulose, guar gum, carrageenan, gelatin, locust bean gum and alginates.
North America has the highest adoption rate in the market. This is due to the growing urbanization, adoption of easy lifestyle from youth to mid-aged population and high disposable income. Moreover, the presence of key players in the region is also boosting market growth.
Key participants include Aarkay Food Products, Archer Daniels Midland Company, Flavorchem, Sensient Technologies, FMC, DSM, BASF, Chr. Hansen, Döhler Group  among others.

Synthetic Food Market Segmentation:

Emergen Research have segmented the global Synthetic Food Market based on product, end-users, distribution channel and region:

Product Outlook (Revenue, USD Billion; 2017-2027)
Synthetic Color
Enzymes
Hydrocolloids
Antioxidants
Flavor and Fragrances
Fats and Oils

End Users Outlook (Revenue, USD Billion; 2017-2027)
Beverages
Bakery and Confectionery
Dairy and Frozen Products
Animal and Pet Food
Savory and Snacks

Distribution Outlook (Revenue, USD Billion; 2017-2027)
Supermarkets
Conventional Stores
Online

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Additional information offered by the report:

A complete overview of the global Synthetic Food market.
Detailed examination of the various market dynamics, including drivers, opportunities, challenges, threats, constraints, and development prospects prevailing in the global market.
Diverse market trends observed on regional and global levels. The report also elaborates on the market size and shares governed by the major geographies, combined with a precise growth forecast analysis, cost analysis, micro- and macro-economic indicators, and regulatory framework.
A vivid analysis of the company profiles of the key market contenders operating in the global Synthetic Food market.
Extensive research & development assessment, and a detailed study of the growing demand for new products and the increasing application of the existing and new products.

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Synthetic Food Market Segmentation & Impact Analysis
    4.1. Synthetic Food Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Large scale government investments for the food sector
                    4.2.2.2. Shifting consumer lifestyle
          4.2.3. Market restraints analysis
                    4.2.3.1. Questionable clarity regarding the safety quotient of synthetic food
                    4.2.3.2. Developing nations facing manufacturing cost restraints
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter's Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Synthetic Food Market By Product Type Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
    5.1. Product Type Dynamics & Market Share, 2019 & 2027
          5.1.1. Synthetic Color
          5.1.2. Enzymes
          5.1.3. Hydrocolloids
          5.1.4. Antioxidants
          5.1.5. Flavor and Fragrances
          5.1.6. Fats and Oils

CONTINUED..!!

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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