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Food Additives Market by Type (Emulsifiers, Hydrocolloids, Preservatives, Dietary Fibers, Enzymes, Sweeteners, Flavors), Source (Natural, Synthetic), Form, Application (Food, Beverages), Functionality and Region - Forecast to 2028

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    Report

  • 435 Pages
  • December 2023
  • Region: Global
  • Markets and Markets
  • ID: 5917833

According to this report, the global food additives market is projected to reach USD 96.3 billion by 2028 from USD 73.4 billion by 2023, at a CAGR of 5.6% during the forecast period in terms of value. The longer shelf life, and ease of handling. The inherent stability of dry additives makes them ideal for storage, transportation, and incorporation into various food products. Manufacturers and consumers favor dry forms, such as powders or granules, for their convenience in measurement and consistent dispersion during food processing. Additionally, dry additives often exhibit enhanced stability against degradation factors like moisture and temperature, ensuring a longer shelf life compared to their liquid counterparts. This preference aligns with the food industry's demand for efficient, cost-effective solutions that maintain product quality. The dominance of dry forms reflects the industry's emphasis on practicality, efficiency, and versatility in the application of food additives across a wide range of products.

By application, Beverages is estimated to hold a significant market share during the forecast period

Beverages, encompassing a wide range from soft drinks to functional beverages, are integral to modern lifestyles. As consumers increasingly seek diverse and convenient beverage options, the demand for innovative and functional additives rises. This is particularly evident with the growing popularity of health and wellness trends, where consumers expect not only refreshing but also nutritious and enhanced beverages. The beverage sector's adaptability to incorporate different additives for flavor, color, stability, and nutritional benefits propels its significant market share. Additionally, the surge in demand for ready-to-drink and functional beverages amplifies the role of additives in meeting consumer expectations. As a result, the forecasted substantial market share for beverages underscores the pivotal role this application plays in driving the growth of the overall food additives market.

By source, the natural form is expected to dominate the market for Food additives

The dominance of natural sources in the food additives market is driven by a global shift towards cleaner and healthier food options. Consumers are increasingly seeking products with natural and recognizable ingredients, align with wellness trends. Natural sources, such as plant extracts, herbs, and spices, resonate with the demand for clean labels and reduced reliance on synthetic additives. Moreover, natural food additives often contribute to enhanced flavors, colors, and nutritional profiles without compromising on safety. The rising awareness of the potential health risks associated with artificial additives has propelled the demand for natural alternatives. This shift is not only consumer-driven but also influenced by regulatory efforts to encourage sustainable and transparent practices within the food industry. Consequently, the natural form's dominance reflects a broader commitment to health-conscious and environmentally friendly food choices.

Europe will significantly contribute towards market growth during the forecast period

Europe is poised to play a pivotal role in the growth of the food additives market throughout the forecast period for several reasons. The region's robust food and beverage industry, coupled with stringent quality and safety standards, positions it as a major contributor. Key players like Tate & Lyle (UK), BASF SE (Germany), and Kerry Group PLC (Ireland) have established a strong presence, leveraging innovations to meet evolving consumer demands. Moreover, the increasing consumer preference for clean labels and natural ingredients aligns with Europe's focus on sustainability and health-conscious choices. The demand for additives in diverse applications, including dairy, bakery, and beverages, is driven by a dynamic market landscape. The region's commitment to sustainability and preference for natural ingredients further aligns with the evolving market trends. As Europe continues to prioritize product quality, safety, and sustainability, it emerges as a key driver in shaping the trajectory of the food additives market during the forecast period.

Break-up of Primaries:

  • By Company Type: Tier 1 - 40%, Tier 2 - 32%, and Tier 3 - 28%
  • By Designation: C-level - 45%, D-level - 33%, and Others - 22%
  • By Region: North America - 15%, Europe - 20%, Asia Pacific - 40%, South America - 12%, and RoW - 13%

Others include sales managers, territory managers, and product managers

Leading players profiled in this report:

  • Cargill, Incorporated (US)
  • BASF SE (Germany)
  • ADM (US)
  • IFF (US)
  • Kerry Group PLC (Ireland)
  • Ingredion Incorporated (US)
  • Tate & Lyle (UK)
  • Givaudan (Switzerland)
  • Darling Ingredients Inc. (US)
  • Chr. Hansen Holding A/S (Denmark)
  • Novozymes (Denmark)
  • Ashland (US)
  • Cp Kelco (US)
  • Glanbia PLC (Ireland)
  • Sensient Technologies Corporation (US)
  • Roquette Frères (France)
  • Corbion (Netherlands)
  • Foodchem International Corporation (China)
  • Amano Enzyme Inc. (Japan)
  • Enzyme Supplies (UK)
  • ACE Ingredients Co. Ltd. (China)
  • FDL LTD (UK)
  • Mane (France)
  • Nexira (France)
  • Bell Flavors & Fragrances (US)

The study includes an in-depth competitive analysis of these key players in the Food additives market with their company profiles, recent developments, and key market strategies.

Research Coverage

The report segments the Food additives market on the basis of Type, Source, Form, Application, Functionality (qualitative), and Region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global Food additives market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Food additives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Rising demand for clean-label, natural additives with transparent ingredient lists), restraints (Strict regulatory requirements and standards regarding the use of additives may limit their application in certain regions), opportunity (Strict regulatory requirements and standards regarding the use of additives may limit their application in certain regions), and challenges (Strict regulatory requirements and standards regarding the use of additives may limit their application in certain regions) influencing the growth of the Food additives market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Food additives market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the Food additives market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Food additives market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Cargill, Incorporated (US), BASF SE (Germany), ADM (US), IFF (US), Kerry Group PLC (Ireland), and Ingredion Incorporated (US), among others in the Food additives market strategies. The report also helps stakeholders understand the Food additives market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Inclusions & Exclusions
1.3.3 Regions Covered
1.3.4 Years Considered
1.4 Unit Considered
1.4.1 Currency/ Value Unit
1.4.2 Volume Unit Considered
1.5 Stakeholders
1.6 Summary of Changes
1.6.1 Recession Impact
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Primary Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions of the Study
2.5 Recession Impact Analysis
2.5.1 Recession Macroindicators
3 Executive Summary4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Technology Analysis
6.3.1 Technology Analysis 1
6.3.2 Technology Analysis 2
6.4 Patent Analysis
6.4.1 List of Major Patents Pertaining to the Market
6.5 Ecosystem and Market Map
6.5.1 Demand Side
6.5.2 Supply Side
6.6 Trade Analysis
6.7 Pricing Analysis
6.7.1 Average Selling Price Trend of Key Players, by Type
6.7.2 Average Selling Price Trend, by Type
6.7.3 Average Selling Price Trend, by Region
6.8 Trends/Disruptions Impacting the Customer's Business
6.9 Key Conferences & Events, 2023-2024
6.10 Tariff and Regulatory Landscape
6.10.1 Regulatory Bodies, Government Agencies, and Other Organizations
6.10.2 Regulatory Landscape
6.11 Porter's Five Forces Analysis
6.11.1 Intensity of Competitive Rivalry
6.11.2 Threat of New Entrants
6.11.3 Threat of Substitutes
6.11.4 Bargaining Power of Suppliers
6.11.5 Bargaining Power of Buyers
6.12 Key Stakeholders & Buying Criteria
6.12.1 Key Stakeholders in the Buying Process
6.12.2 Buying Criteria
6.13 Case Study Analysis
7 Food Additives Market, by Type
7.1 Introduction
7.2 Emulsifiers
7.2.1 Mono- & Di-Glycerides and Their Derivatives
7.2.2 Lecithin (Oiled & De-Oiled)
7.2.3 Sorbitan Esters
7.2.4 Polyglycerol Esters
7.2.5 Stearoyl Lactylates
7.2.6 Other Emulsifiers
7.3 Hydrocolloids
7.3.1 Gelatin
7.3.2 Pectin
7.3.3 Carrageenan
7.3.4 Xanthan Gum
7.3.5 Agar
7.3.6 Gum Arabic
7.3.7 Lbg
7.3.8 Cmc
7.3.9 Alginates
7.3.10 Guar Gum
7.3.11 Mcc
7.4 Preservatives
7.4.1 Natural
7.4.2 Synthetic
7.5 Dietary Fibers
7.5.1 Soluble
7.5.2 Insoluble
7.6 Vitamins & Mineral Premixes
7.6.1 Vitamin & Mineral Combination
7.6.2 Vitamin
7.6.3 Mineral
7.7 Enzymes
7.7.1 Carbohydrase
7.7.2 Protease
7.7.3 Lipase
7.7.4 Polymerases & Nucleases
7.7.5 Other Enzymes
7.8 Flavors
7.8.1 Chocolate & Brown
7.8.2 Vanilla
7.8.3 Fruit & Nut
7.8.4 Dairy
7.8.5 Spices & Savory
7.8.6 Mint
7.8.7 Other Flavors
7.9 Anti-Caking Agents
7.9.1 Calcium Compounds
7.9.2 Sodium Compounds
7.9.3 Silicon Dioxide
7.9.4 Magnesium Compounds
7.9.5 Microcrystalline Cellulose
7.9.6 Other Anti-Caking Agents
7.10 Colors
7.10.1 Natural Colors
7.10.2 Synthetic
7.10.3 Nature-Identical
7.11 Sweeteners
7.11.1 High-Intensity Sweeteners
7.11.2 Low-Intensity Sweeteners
7.12 Acidulants
8 Food Additives Market, by Source
8.1 Introduction
8.2 Natural
8.3 Synthetic
9 Food Additives Market, by Form
9.1 Introduction
9.2 Dry
9.3 Liquid
10 Food Additives Market, by Functionality
10.1 Introduction
10.2 Thickening
10.3 Stabilizing
10.4 Binding
10.5 Emulsifying
10.6 Other Functions
11 Food Additives Market, by Application
11.1 Introduction
11.2 Food
11.2.1 Dairy & Non-Dairy Products
11.2.2 Bakery & Confectionery Products
11.2.3 Supplements & Sports Nutrition
11.2.4 Meat & Seafood and Meat Alternative Products
11.2.5 Cereal, Savory, & Snacks
11.2.6 Soups, Sauces, Dressing & Condiments
11.2.7 Other Food Applications
11.3 Beverages
11.3.1 Juice & Juice Concentrates
11.3.2 Functional Drinks
11.3.3 Alcoholic Drinks
11.3.4 Carbonated Soft Drinks
11.3.5 Powdered Drinks
11.3.6 Other Beverages
12 Food Additives Market, by Region
12.1 Introduction
12.2 North America
12.2.1 North America: Recession Impact Analysis
12.2.2 US
12.2.3 Canada
12.2.4 Mexico
12.3 Europe
12.3.1 Europe: Recession Impact Analysis
12.3.2 Germany
12.3.3 France
12.3.4 UK
12.3.5 Italy
12.3.6 Spain
12.3.7 Turkey
12.3.8 Poland
12.3.9 Netherlands
12.3.10 Rest of Europe
12.4 Asia-Pacific
12.4.1 Asia-Pacific: Recession Impact Analysis
12.4.2 China
12.4.3 India
12.4.4 Japan
12.4.5 South Korea
12.4.6 Australia & New Zealand
12.4.7 Indonesia
12.4.8 Malaysia
12.4.9 Philippines
12.4.10 Thailand
12.4.11 Vietnam
12.4.12 Rest of Asia-Pacific
12.5 South America
12.5.1 South America: Recession Impact Analysis
12.5.2 Brazil
12.5.3 Argentina
12.5.4 Colombia
12.5.5 Chile
12.5.6 Peru
12.5.7 Rest of South America (Uruguay, Ecuador, and Others)
12.6 Rest of the World
12.6.1 Rest of the World: Recession Impact Analysis
12.6.2 Africa
12.6.2.1 South Africa
12.6.2.2 Morocco
12.6.2.3 Algeria
12.6.2.4 Kenya
12.6.2.5 Rest of Africa
12.6.3 Middle East
12.6.3.1 Saudi Arabia
12.6.3.2 Rest of Middle East
13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis, 2022
13.3 Key Players Strategies/Right to Win
13.4 Revenue Analysis
13.5 Key Players Annual Revenue Vs Growth
13.6 Key Players Ebit/Ebitda
13.7 Global Snapshot of Key Market Participants
13.8 Company Evaluation Matrix (Key Players), 2022
13.8.1 Stars
13.8.2 Emerging Leaders
13.8.3 Pervasive Players
13.8.4 Participants
13.8.5 Company Footprint
13.9 Start-Up/Sme Evaluation Matrix, 2022
13.9.1 Progressive Companies
13.9.2 Responsive Companies
13.9.3 Dynamic Companies
13.9.4 Starting Blocks
13.9.5 Competitive Benchmarking
13.10 Competitive Scenario and Trends
13.10.1 Product Launches
13.10.2 Deals
13.10.3 Others
14 Company Profiles
14.1 Key Players
14.1.1 Adm
14.1.2 Cargill, Incorporated
14.1.3 Ingredion
14.1.4 Tate & Lyle
14.1.5 Basf Se
14.1.6 Kerry Group
14.1.7 Iff
14.1.8 Givaduan
14.1.9 Chr. Hansen A/S
14.1.10 Evonik Industries Ag
14.1.11 Novozymes
14.1.12 Darling Ingredients Inc.
14.1.13 Ashland
14.1.14 Cp Kelco
14.1.15 Glanbia plc
14.2 Other Players/ Startups/Smes
14.2.1 Amano Enzyme Inc.
14.2.2 Roquette Freres
14.2.3 Enzyme Supplies
14.2.4 Ace Ingredients Co. Ltd.
14.2.5 Fdl Ltd
14.2.6 Sensient Technologies
14.2.7 Corbion
14.2.8 Mane
14.2.9 Foodchem International
14.2.10 Nexira
15 Adjacent & Related Markets16 Appendix

Companies Mentioned

  • Ace Ingredients Co. Ltd.
  • ADM
  • Amano Enzyme Inc.
  • Ashland
  • BASF SE
  • Cargill, Incorporated
  • CHR. Hansen A/S
  • Corbion
  • CP Kelco
  • Darling Ingredients Inc.
  • Enzyme Supplies
  • Evonik Industries Ag
  • FDL Ltd
  • Foodchem International
  • Givaduan
  • Glanbia plc
  • IFF
  • Ingredion
  • Kerry Group
  • Mane
  • Nexira
  • Novozymes
  • Roquette Freres
  • Sensient Technologies
  • Tate & Lyle

Table Information