Healthy demand in food industry drives additive market

In making the announcement, UBM Asia’s director said the firm recently conducted a study that projected significant growth in Vietnam’s packaged food industry over the next few years.

Vietnam remains a major market for food additives due to the prospects for higher penetration of processed and packaged foods, convenience foods, non-alcoholic beverages, bakery items, ready-to-eat food products and cereals in the future, the director said.

Food additives are substances used for enhancing the taste, colour and texture of food products. They also prevent microbial growth and increase the shelf life of food products. 

The event is expected to attract more than 150 foreign manufacturers of food additives and other parties interested in the industry.