The global food additive
market size is anticipated to reach USD 55.53 billion by the end of 2025, growing at a Compound Annual Growth Rate of 6 percent over the forecast period. The market demand is expected to increase during the forecast period owing to the increase in consumption of high-nutrient foods and beverages with improved visual appeal. Other factors driving the growth of the global food additive industry includes the changes in consumer taste and interest in product quality and nutritional value. Furthermore, growing consumer awareness of various types of flavors is also likely to play a significant role in fueling the growth.
Food additives help improve the texture, color, taste, and appearance of the food. These are often added in small quantities to enhance the visual appearance, flavor, texture, and other storage properties. The main advantages offered by food additives include the prevention of food spoilage during food storage, transport, distribution, and processing.
More than 3000 different compounds are used as food additives, where a wide range of food additives such as preservatives, antioxidants, flavor enhancers, colorants, and sweeteners are used in the manufacture or preservation of a variety of foods, packaged foods, functional drinks, bakery products, dairy products, and seafood.
In addition to these food additives, enzymes, emulsifiers, acidulants, shelf-life stabilizers, and fat substitutes are in high demand in the global food additive market owing to their demand due to general requirements from various stakeholders such as the food industry, end consumers, and regulators across the globe. These food additives find applications in various industries and products such as dairy and frozen desserts, beverages, meat and poultry products, bakery & confectionery, sauces, soups, etc. in order to improve the sweetness and enhance the appearance, color and prevent spoilage of food.
Timeline for compliance extended by FSSAI
In order to comply with the regulations related to the limit of calcium and magnesium in packaged drinking water, except mineral water, the Food Safety and Standards Authority of India has extended the deadline by 26 months till July 1, 2021, for the FBOs (food business operators). The Food regulator had extended the deadline to July 1, 2020, earlier and subsequently till January 1, 2021.
In a statement, the Food Safety and Standards Authority of India mentioned that the representation has been received from a section of stakeholders requesting for further extension of time. This is because FBOs are still not prepared to comply with regulations due to the COVID-19 pandemic.
“It has been decided to further extend the timeline for compliance related to limits of calcium and magnesium for the standards of Packaged Drinking Water (other than mineral water) up to July 1,” the regulator said. Furthermore, these standards on packaged drinking water are prescribed in the Food Safety and Standards (Food Products Standards and Food Additives) fourth amendment regulations, 2019.