Additives: the business of what's in your food
Summary
This episode explores the booming global food additives industry, valued at over $120 billion, driven by trends in functional foods and the rise of GLP-1 weight loss drugs. Guest Adam Maguire discusses how Irish companies like Glanbia and Kerry Group are leading the market by developing fortified products rich in protein and fiber. The conversation also covers the recent EU ban on liquid smoke and how manufacturers are innovating with natural alternatives to maintain flavor and meet consumer demands for healthier, less processed foods.
Topics discussed
Introduction to the food additives industry
Defining additives, fortification, and enrichment
Market size and growth forecasts
Drivers: functional foods and GLP-1 drugs
Irish firms: Glanbia and Kerry Group
Business model: formulation and R&D
Innovation: natural additives and reformulation
The liquid smoke ban and alternatives
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