An intensive Internet search was conducted to find information
providing 2013 sales data and compound annual growth rates (CAGRs) for food
additives. Several market reports were found
providing such data.
The chart below shows the sales and CAGR data that were
found for 10 food additives, identified in the chart. The data should be considered to be approximate
estimates. For some data, different sales
and CAGR estimates were found, suggesting difficulties in exactly determining
the actual data.
The CAGRs are expected annual sales growth rates for the
next five years. Again, the CAGRs should
only be considered to be approximate, with many factors potentially altering
the growth rates.
The data is presented by marketing research companies in information
on the Internet while promoting in-depth reports on the food additive industry that
the marketing companies are selling. Because
of the efforts made by these marketing research companies in preparing these reports,
which cost several thousand dollars, it is likely that the estimated sales and
CAGR data are as accurate as can be found on the Internet, or elsewhere.
It seems to me that knowing the relative sales and sales growth
magnitudes of these 10 food additives could be useful in company decision-making. Also, knowing that the total sales for all 10
food additives in 2013 were approximately $43 billion, if the estimates for the
sales data are reasonably close, should be useful.
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