Functional additives are synthetic formulations that are manufactured using several chemical compositions. Majority of the functional additives are exploited in the personal care and cosmetics industry. Functional additives aids in delivering the particular requirements of the skin. The functional additives employed in the food and beverage industry helps to satisfy the major requirement of the body. Currently, many food manufacturers are increasing the usage of functional additives in the food products and this will create huge demand for the market.
MARKET DYNAMICS
Functional additives are highly used in the personal care industry. The incorporation of the product extend the shelf life of the products, enhance the touch, and increase the stability of the personal care products. Functional additives aids in enhancing the physical properties of the cosmetic products such as offers matte effect, enhances the skin, and others. Moreover, functional additives are also used in other industries such as Healthcare and Pharmaceuticals and food and beverage. The growth of the end-use industries is widening the scope of the market across the globe.
MARKET SCOPE
The "Global Functional Additives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the functional additives market with detailed market segmentation by nature, function, end-use industry, and geography. The global functional additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading functional additives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global functional additives market is segmented on the basis of nature, function, and end-use industry. On the basis of nature, functional additives market is segmented into conventional and organic. On the basis of function, market is segmented into antimicrobial agent, antibacterial agent, antioxidants, clarifying agents, stabilizers, and others. On the basis of end-use industry, market is segmented into food and beverage, cosmetics and personal care, and healthcare and pharmaceuticals.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global functional additives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The functional additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the functional additives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the functional additives market in these regions.
MARKET PLAYERS
The reports cover key developments in the functional additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from functional additives market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the functional additives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the functional additives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADEKA CORPORATION
- ALTANA
- Amcor plc
- BASF SE
- Clariant
- Deurowood
- GCP Applied Technologies Inc.
- Milliken Chemical
- SABO S.p.A.
- Solvay
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.