Fort Collins, Colorado, April 23, 2024 (GLOBE NEWSWIRE) --
Diverse applications of wood-derived food additives drive industry growth.
The wood-derived food additives market encompasses a variety of products extracted from wood, utilized in the food industry to improve flavor, texture, and shelf life. Common additives derived from wood include cellulose, lignin, xylose, and vanillin. Cellulose is a thickener, stabilizer, and emulsifier, while lignin is a preservative and antioxidant. These additives find application across diverse food categories, including bakery goods, dairy items, beverages, confectionery, and processed foods.
The demand for wood-derived food additives is rising, driven by the increasing consumer preference for natural and clean-label ingredients, alongside the growing popularity of processed and convenience foods. Wood-derived additives are often favored for their perceived sustainability and eco-friendliness compared to synthetic counterparts, as they originate from renewable resources and can be produced using environmentally conscious methods. Consequently, the wood-derived food additives market is poised for continued growth in the foreseeable future, buoyed by consumers' escalating demand for natural and sustainable elements in their food choices.
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Segmentation Overview:
The wood-derived food additives market has been segmented into product type, function, application, and region.
Vanillin accounted for a significant market share in 2023.
- The market is segmented by product type into vanillin, fibrillated cellulose, xylan, lignin, and others. Vanillin holds a substantial share of the wood-derived food additives market's product type segment. It is a widely used flavoring agent in the food and beverage industry, particularly in baked goods, confectionery, and dairy products. Its popularity can be attributed to its natural origin, versatility, and consumer preference for natural and plant-based ingredients.
Bakery and confectionery registered huge growth in the past and continues to dominate in the forthcoming years.
- Based on the application, the market segmentation includes bakery & confectionery, beverages, dairy & frozen desserts, and online. The bakery & confectionery segment holds a significant share of the application segment of the wood-derived food additives market. Wood-derived food additives, such as cellulose derivatives and plant-based gums, are widely used in bakery and confectionery products for their thickening, stabilizing, and emulsifying properties, contributing to improved texture and shelf-life.
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Wood-derived Food Additives Market Report Highlights:
- The wood-derived food additives market growth is anticipated at a CAGR of 4.7% by 2032.
- North America is a leading player in the global market and is projected to retain a significant position in the coming years. The adoption of clean-label products is a major trend witnessed.
- Some prominent players in the wood-derived food additives market report include DuPont, Cargill, Kerry Group, Tate & Lyle, Ingredion, ADM, Roquette Frères, Ashland Global Holdings, CP Kelco, Foodchem International Corporation, Lonza Group, Corbion, and others.
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