Increasing health concerns along with rising awareness with regards to advantages of organic food consumption is expected to stimulate the production sales of naturally derived food additives across the globe in the forthcoming years. Organic food labelling has been witnessed as the emerging trend amongst the manufacturers in the food additives market across the globe. Development of advanced and innovative food additives are likely to take place in the impending years due to manufacturers of food and beverage industry having growing preference for customized as well as natural flavoring agents and enhancers.
A recent study predicts that the food additives market will develop at a steady CAGR of 5.9%, over the estimated period, 2016-2026, in order to reach an evaluation of nearly US$ 83.23Bn by 2026-end. Companies namely BASF SE, Kerry Group, Archer Daniels Midland, Novozymes A/S, Cargill Incorporated, E. I. du Pont de Nemours and Company and Tate & Lyle PLC among others are expected to experience a rapid growth worldwide. Manufacturers as well as leading players are preparing to completely concentrate on developing plans related to the food additives market, such as product efficiency, innovations and advancements along with substantial development in their product lines.
Archer Daniels Midland Introduces a Novel Feed Enzyme Lab
Archer Daniels Midland has been planning to introduce a new research and development feed enzyme lab in California, U.S. with Qingdao Vland Biotech Group Co., Ltd., of China. Key players and manufacturers must note that this joint development agreement is all inclusive of commercialization and development of the enzymes for the purpose of animal feed applications. This new facility in California is expected to take account of the activities. The notable point is that Qingdao Vland Biotech Group Co., Ltd., will also be conducting research and development in its research laboratory in China that would be advanced as well as innovated to a new and modern facility.
Key players and manufacturers must note that this joint agreement is inclusive of the terms and conditions that they will be sharing enzyme-producing strains, for the purpose of development of the feed enzymes, which will help in improving animal health and nutrition. Apart from this, all the products that will be developed under this joint agreement would be commercialized by both enterprises.
Highlights on the New Feed Enzyme Lab
Key players and manufacturers must note that the joint agreement and the launch of new feed enzyme lab is likely to rapidly enhance the ability of Archer Daniels Midland, with regards to development of products for the growth of enzyme market at a rapid pace. Apart from this, this joint agreement provides the expert team of research and development to access new enzyme strains.
Besides, the new lab in California will offer Archer Daniels Midland with resources for utilizing state-of-the-art and new feed enzymes. Archer Daniels Midland will further add these capabilities in their existing strong product portfolio of the animal nutrition solutions and products. Key players and manufacturers must note that this joint agreement will also play a major role in expanding the capabilities of Archer Daniels Midland in bioactives.
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