San Francisco, California, March 23, 2018: A recent report by TMR Research, titled, “Synthetic Food Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” projects a healthy performance of this market in the upcoming years on account of increasing demand for quality food among people all over the world.
A high requirement to feed an ever-increasing global population is one of the most important factors making the synthetic food market attract handsome revenues. With improving quality of life, changing lifestyles, and an overall rise in awareness to eat healthy food, synthetic foods are witnessing high sales. Their excellent quality is also benefitting the demand in the market. However, reluctance from puritans who consume organic food is expected to act as a restraint to the global synthetic food market. In spite of this hindrance, gradually surging awareness among people about synthetic food, is expected to overcome such restraints.
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Geography-wise, the global synthetic foods market spans North America, the Middle East and Africa, Asia Pacific, Europe, and Latin America. Ample monetary and technological resources to carry out extensive experiments for developing synthetic foods are present in leading countries of Europe and North America. This coupled with a growing interest in companies to invest in both these regions has made them largest revenue grossers.
The global synthetic foods market depicts a highly fragmented vendor landscape with scores of players holding small shares. Most companies are focusing on improving quality of foods on the basis of taste, flavor, aroma, and form. Businesses are also coming up with innovative technologies that can enable efficient mass production and thus reduce production costs. Allied Biotech, Sensient Technologies, Young Living Essential Oils, Flavorchem, FMC Corp, Fiorio Colori, and Symrise AG are chief companies operating in the global synthetic food market.