The global food additives market size was valued at USD 99.22 billion in 2021, and is predicted to be worth around USD 155.48 billion by 2030, registering a CAGR of 6.5% during the forecast period 2022 to 2030.
Rising consumption of ready-to-eat, ready-to-cook, and meal replacement food and beverages are expected to fuel the demand for food additives. For instance, according to the survey results published by the Food Standards Agency in May 2021, approximately 81.0% of survey respondents in the U.K. confirmed buying processed food products from April 2020 to March 2021. Food additives are commonly added to these products to enhance their appearance and mouthfeel.
The requirement of improving taste, texture, mouthfeel, and overall appearance of food and beverages is expected to propel the demand for food additives. The growing food and beverages industry globally is the key factor driving the market. The consumption of packaged food products and beverages across the world is rising due to the changing dietary patterns of the population. This is expected to contribute to the surging demand for additives used during food processing to improve its quality and nutritional content.
Manufacturers of food and beverage products are formulating their products with botanical ingredients due to shifting consumer preference towards plant-based diets. Plant-derived products often impart unpleasant or bitter after taste leading to an unappealing mouthfeel. Demand for food additives has surged as they are used as flavors, sweeteners, hydrocolloids, and preservatives to enhance taste and texture and increase the shelf life of such products.
|Market Size||US$ 155.48 billion by 2030|
|Growth Rate||CAGR of 6.5% From 2022 to 2030
|Largest Market||Asia Pacific|
|Forecast Period||2022 to 2030|
|Segments Covered||Product, Source, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||ADM; Chr. Hansen Holding A/S; Ingredion Incorporated; Novozymes A/S; Tate & Lyle Plc; DSM; Ajinomoto Co., Inc.; Cargill, Incorporated; BASF SE; Givaudan; International Flavors & Fragrances, Inc.; Biospringer; Palsgaard; Lonza; Sensient Technologies Corporation; Kerry; Corbion; Fooding Group Limited; DuPont; The Kraft Heinz Company|
By Product Analysis
The sweeteners segment dominated the market with a revenue share of more than 55.0% in 2020. Rising awareness regarding obesity and cardiovascular disease is expected to limit the demand for fatty foods and foodstuff added with high fructose corn syrup (HFCS)and sucrose, which are considered high-calorie sweeteners.
PepsiCo announced its goal to reduce the average level of added sugars in its beverages by 25% by 2025 and 50% by 2030. It is aiming to reformulate products using low-calorie sweeteners.
Flavors and enhancers improve the taste of food and beverages. Food and beverage manufacturers have been focusing on reducing salt and sugar content in their products and hence, the demand for flavor enhancers is on the rise as they can boost the flavor without using salt or sugar.
On-the-go food products are largely in demand from consumers with a preference for conveniently packaged food items. This factor is prompting food processing companies to add shelf-life stabilizers or food preservatives to products to extend their shelf life without compromising on quality.
By Source Analysis
The natural segment dominated the market with a revenue share of over 80.0% in 2020. Naturally sourced additives are safer for human consumption in comparison to their chemical counterparts.
Market players have been focusing on widening their portfolio based on plant-based ingredients due to its rising consumer demand. In April 2021, ADM opened its new cutting-edge, plant-based innovation lab, located in ADM’s Biopolis research hub in Singapore.
Modern Plant-Based Foods Inc. partnered with Real Vision Foods, LLC, a natural food manufacturer, for the production of plant-based bars and meals for high-performance cognitive athletes. Thus, increased demand for natural additives from food and beverage manufacturers is expected to support the growth of the natural source segment.
The production cost of synthetic additives is lower than natural additives. Synthetic additives eliminate the need for procuring highly-priced natural raw materials and their expensive and time-consuming extraction processes.
By Application Analysis
The bakery and confectionery segment dominated the market with a revenue share of over 30.0% in 2020. Several additives including enzymes, sweeteners, emulsifiers, and dietary fibers are used to improve the quality of bakery and confectionery products.
The company offers a wide range of bakery enzymes, including POWERBake, POWERSoft Cake, POWERFlex, and POWERFresh enzymes, such as lipase and xylanase, used for extending dough stability, dough strengthening, and offering tolerance and robustness to flour quality.
Beverages such as sports drinks, flavored water, flavored milk, and other ready-to-drink (RTD) beverages can be easily consumed on the go while commuting and are thus, anticipated to witness surged demand from the young generation.
The rising demand for various alcoholic and non-alcoholic drinks with varied flavor options is expected to fuel the growth of the beverage segment globally.
Consumption of dairy products is rising worldwide owing to the high nutritional content of milk. As per the Food & Agricultural Organization, the per capita consumption of processed dairy products in milk solids increased from 23.6 kg in 2018-20 to 25.2 kg by 2030.
By Regional Analysis
The Asia Pacific market held the largest revenue share of over 30.0% in 2020 on account of the presence of a large consumer base and end-use industries. As per survey results published by the Journal of Ethnic Foods, in July 2021, about 79.67% of adult Chinese respondents consumed fast food.
The North American market is driven by the rising consumption of processed food products including ready meals and on-the-go breakfast products. This can be attributed to the busy lifestyle of the population in the region.
Europe is expected to expand at a CAGR of 5.2% over the forecast period with rising demand for cakes, pastries, bread-based products, and beverages. An increasing health-conscious population is expected to support sales of healthy food and beverages in Europe. According
Chr. Hansen Holding A/S
Tate & Lyle Plc
Ajinomoto Co., Inc.
International Flavors & Fragrances, Inc.
Sensient Technologies Corporation
Fooding Group Limited
The Kraft Heinz Company
Flavors & Enhancers
Mono, Di-Glycerides & Derivatives
Dairy & Frozen Desserts
Spices, Condiments, Sauces & Dressings
The food additives market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of food additives market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global food additives market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the food additives market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted food additives market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the food additives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of food additives by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global food additives market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major food additives market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of food additives market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the food additives industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
food additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food additives market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of food additives market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new food additives market. These factors have benefited the growth of the global market for food additives. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for food additives. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of food additives are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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