Food additive market predict to reach $5
billion by 2006
10/10/2000-According to new market research
from Frost & Sullivan, "U.S. Food
Additive and Preservative Markets,"
the industry had more than $3 billion in
revenue in 1999. Frost & Sullivan projects
revenues to top $5 billion by the year 2006.
The report contributes the growth to baby
boomers looking for healthier, more flavorful
foods. They are having a strong positive
impact on the demand for food additives that
enhance flavor. "In addition to more
flavorful meals, Baby Boomers are also looking
for healthy cuisine as they age," says
Frost & Sullivan analyst Dr. Bradley
Watkins. "Instead of sprinkling salt,
Americans are increasingly using spice or
spice blends to season their food."