The global food additives market size reached US$ 56.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.49% during 2023-2028.
Food additives refer to various edible substances that are added to food products to improve their color, appearance, texture and shelf-life. Edible colors, flavors, enzymes, hydrocolloids and preservatives are some of the most commonly available types of food additives that can be produced artificially or derived from natural sources, such as plants, animals and minerals. They are usually added to products, such as baked goods, desserts, soups, sauces and baby food to prevent microbial growth and contamination, while increasing the overall shelf-life.
The growing food and beverages industry, along with rapid urbanization across the globe, represent as the key factors driving the growth of the market. In line with this, changing dietary preferences and hectic schedules of the consumers have led to the rising demand for convenience food products that use food additives as a key ingredient. Furthermore, widespread adoption of organic products has further enhanced the demand for food additives manufactured using natural sources. Resulting from the rising health consciousness, consumers are opting for organic preservatives, flavoring agents, colorants, stevia-based sweeteners and extracts that have no adverse effects on the health. Additionally, the growing number of quick-service restaurants (QSRs) and emerging café culture, especially in the developing nations, are also creating a positive impact on the market. Other factors, including the launch of innovative product variants in numerous flavors, advancements in the processing technologies and extensive research and development (R&D) activities, are projected to drive the market further.
Food additives refer to various edible substances that are added to food products to improve their color, appearance, texture and shelf-life. Edible colors, flavors, enzymes, hydrocolloids and preservatives are some of the most commonly available types of food additives that can be produced artificially or derived from natural sources, such as plants, animals and minerals. They are usually added to products, such as baked goods, desserts, soups, sauces and baby food to prevent microbial growth and contamination, while increasing the overall shelf-life.
The growing food and beverages industry, along with rapid urbanization across the globe, represent as the key factors driving the growth of the market. In line with this, changing dietary preferences and hectic schedules of the consumers have led to the rising demand for convenience food products that use food additives as a key ingredient. Furthermore, widespread adoption of organic products has further enhanced the demand for food additives manufactured using natural sources. Resulting from the rising health consciousness, consumers are opting for organic preservatives, flavoring agents, colorants, stevia-based sweeteners and extracts that have no adverse effects on the health. Additionally, the growing number of quick-service restaurants (QSRs) and emerging café culture, especially in the developing nations, are also creating a positive impact on the market. Other factors, including the launch of innovative product variants in numerous flavors, advancements in the processing technologies and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global food additives market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product type, source and application.Breakup by Product Type:
- Colorants
- Synthetic Food Colorants
- Natural Food Colorants
- Emulsifiers
- Mono, Di-glycerides & Derivatives
- Lecithin
- Sorbate Esters
- Enzymes
- Carbohydrase
- Protease
- Lipase
- Fat Replacers
- Protein
- Starch
- Others
- Flavors and Enhancers
- Natural Flavors
- Artificial Flavors & Enhancers
- Shelf-life Stabilizers
- Sweeteners
- HIS
- HFCS
- Others
- Others
Breakup by Source:
- Natural
- Synthetic
Breakup by Application:
- Bakery & Confectionery
- Beverages
- Convenience Foods
- Dairy & Frozen Desserts
- Spices, Condiments, Sauces & Dressings
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Ajinomoto Co. Inc., Archer Daniels Midland, BASF SE, Cargill Incorporated, Chr. Hansen A/S, Corbion N.V., Dow Chemical Company, Eastman Chemical Company, Givaudan, Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., Novozymes A/S, Tate & Lyle, etc.Key Questions Answered in This Report:
- How has the global food additives market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global food additives market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global food additives market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Food Additives Market
6 Market Breakup by Product Type
7 Market Breakup by Source
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
Companies Mentioned
- Ajinomoto Co. Inc.
- Archer Daniels Midland
- BASF SE
- Cargill Incorporated
- Chr. Hansen A/S
- Corbion N.V.
- Dow Chemical Company
- Eastman Chemical Company
- Givaudan
- Ingredion Incorporated
- Kerry Group
- Koninklijke DSM N.V.
- Novozymes A/S
- Tate & Lyle
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 145 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 56.5 Billion |
Forecasted Market Value ( USD | $ 78.2 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
No. of Companies Mentioned | 14 |