Market Trends of Canada Food Additives Industry
This section covers the major market trends shaping the Canada Food Additives Market according to our research experts:
Rising Demand for Sweeteners in the Country
- The Canadian sweetener segment is recorded to have a significant growth over the last decade. This segment includes bulk sweetener and sugar substitute. The bulk sweetener subsequent, which include sucrose, fructose. lactose, high fructose corn syrup (HFCS), and others are the largest segment.
- Growing health concerns associated with artificial sweeteners, such as aspartame and saccharin, are driving consumers' interest in natural sweeteners. Steviol glycosides majorly contribute to the growth in the natural high-intensity sweeteners space, followed by monk fruit extract and Mogroside V. Sugar substitutes, like stevia, aspartame, sucralose, neotame, acesulfame potassium, and saccharin.
- These substrates are approved by USDA and are categorized under GRAS in Canada. Therefore, these favorable regulations result in further growth of the market.
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Acquisitive Demand of Food Additives in Bakery Industries
- The population of Canada represents diversified tastes and preferences. Thus, manufacturers are constantly innovating and widening their product portfolio to meet the dynamic consumer demands.
- Hectic lifestyles present a suitable opportunity for on-the-go breakfast and convenient baked goods. In Canada, indulgence is leading the growth in baked goods and pastries, which, in turn, is resulting a growth in the market studied.
- Furthermore, an increase in the number of retailers, retail channels, and formats is widening consumer's access to processed and convenience foods, thereby, eventually resulting a further increase in the demand for food additives in the food and beverage industry in Canada.
