Global Food Additives Market Analysis by Type, Source, Application, and Region and segments forecast till 2033
Market Overview
The global Food Additives Market was worth USD 45,700 million in 2022 and is anticipated to amplify at a CAGR of 5.0% over 2023-2033, thereby accumulating USD 59,000 million by end of the analysis timeline.
Rising interest for processed, packaged and accommodation food sources, explicitly in developing economies, comprises a significant driving component for the worldwide Food Additives market. Changing and broadening purchaser tastes and raising interest for food sources and drinks with higher dietary benefit, without compromising visual appearance, are additionally making it fundamental for food organizations to utilize Food Additives.
With hectic ways of life of individuals and developing labour force populace, especially growing female labour force, changing purchaser ways of life and urbanization trends are adding to expanded deals of packaged food sources, for example, frozen meals, prepared to-eat suppers and appetizers, food organizations are expanding creation limit of such items, accordingly energizing interest for Food Additives. Food Additives Market is driven by the broad utilization of additives in food and refreshment area for various working, like additive, flavour enhancer, emulsifier, sugar, colorant, and numerous different capacities.
Besides, quick development of innovation in the business relating to purchaser's interest for healthy and natural food choices will emphatically influence market development. For example, organizations working in the Food Additives market are focusing in on embracing the micro-encapsulation method for variety delivery system and final product formulation.
The rising interest for the consumption of processed food, for example, ready-to-eat food sources, ready-to-drink beverages, snacks, frozen meals, and others is one of the critical elements driving the Food Additives market development. To safeguard the freshness, safety, taste, appearance, and surface processed food, Food Additives are broadly utilized in these items. For example, emulsifiers bind water and oil together in an emulsion, in this manner, assuming a significant part in some low-fat processed food varieties. Likewise, attributable to its use advantages, Food and Drug Administration (FDA) has endorsed additives with specific cut-off points for various processed food.
For example, Calcium hypochlorite, saccharin, and penicillin are endorsed for economically processed food. In India, Food Safety and Standards Authority of India (FSSAI) has fixed the most extreme passable constraints of MSG in canned crab meat at 500mg/kg. With rising interest, Food Additives makers are zeroing in on separating their items from the contenders. Developing food and drinks industry, alongside quick urbanization across the globe, address as the key elements driving the development of Food Additives Market.
In accordance with this, changing dietary inclinations and feverish timetables of the customers have prompted the rising interest for accommodation food items that utilization food added substances as a key ingredient. Besides, inescapable reception of natural items has additionally upgraded the interest for Food Additives fabricated utilizing normal sources.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 45,700 Million |
Market Forecast in 2033 | USD 59,000 Million |
CAGR % 2023-2033 | 5.0% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Source, and Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Tate & Lyle Plc, DSM, Biospringer, DuPont, chinafooding, Sensient Technologies Corporation, Fooding Group Limited, Palsgaard, Givaudan, Ajinomoto Co., Inc., Kerry Group Plc, BASF SE, CHR. Hansen Holding A/S, Cargill, and ADM. |
Impact of COVID
The COVID-19 pandemic has had a mixed impact on the food additives market. On the one hand, the increased demand for packaged and processed food products during the pandemic has driven the demand for food additives such as preservatives, emulsifiers, and stabilizers. On the other hand, the disruptions in the global supply chains due to lockdowns, travel restrictions, and labor shortages have led to a shortage of raw materials for the production of food additives, resulting in higher prices and reduced availability of certain types of food additives. Additionally, the growing awareness among consumers about the health risks associated with the consumption of processed and packaged foods has led to a shift towards natural and organic food additives, which has affected the sales of synthetic Food Additives Market.
Type Insights
Preservatives hold the highest market share in the food additives market due to their ability to increase the shelf life of food products by preventing spoilage, decay, and microbial growth. With the rise of packaged and convenience foods, the demand for food preservation has increased, which in turn, has led to the growth of the preservatives segment. Additionally, the use of preservatives also helps in reducing food waste, thus promoting sustainability. Preservatives such as sodium benzoate, sorbic acid, and nitrates are widely used in the food industry to ensure food safety and quality.
Source Insights
The natural segment dominates the food additives market with the highest market share due to the increasing demand for clean label and organic food products among consumers. Natural food additives are derived from natural sources such as plants, animals, and microorganisms and are perceived as safer and healthier alternatives to synthetic food additives. Additionally, the stringent regulations by various governments and regulatory bodies on the use of synthetic food additives in food products have also contributed to the growth of the natural food additives market. Furthermore, natural food additives are often preferred by consumers due to their perception of being more sustainable and environmentally friendly compared to synthetic additives.
Application Insights
The Beverage segment holds the largest market share in the Food Additives Market due to several factors. Firstly, beverages are one of the most commonly consumed products globally, and thus there is a high demand for food additives that can improve their taste, appearance, and shelf life. Secondly, there is a growing trend of consuming healthy and functional beverages, which has led to an increased demand for natural additives such as vitamins, minerals, and plant extracts. Additionally, the beverage industry is highly competitive, and manufacturers are constantly looking for ways to differentiate their products, which has resulted in an increased use of innovative food additives to enhance their products' sensory attributes.
Regional Insights
In term of geographic region, the Global Food Additives Market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia-Pacific is the quickest developing among all the regions because of the expansion popular for processed food. India is the biggest maker of milk on the world, and the interest for flavoured milk, recombined milk and numerous others require Food Additives like food tones in the business.
Competitive Analysis
Key players operating in the worldwide Food Additives Market are Tate & Lyle Plc, DSM, Biospringer, DuPont, chinafooding, Sensient Technologies Corporation, Fooding Group Limited, Palsgaard, Givaudan, Ajinomoto Co., Inc., Kerry Group Plc, BASF SE, CHR. Hansen Holding A/S, Cargill, and ADM.
Recent News
· In December 2021, DSM announced that it is expanding its range of DelvoCheese CH-120 cultures for the production of cheddar and cheddar-style cheeses. The cultures are designed to improve cheese texture and flavor while reducing ripening time.
· In November 2021, Ingredion announced that it has launched a new range of plant-based proteins called VITESSENCE Pulse 1550. The proteins are made from peas and are designed for use in a variety of food applications, including beverages, snacks, and baked goods.
1. Global Food Additives Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Food Additives Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Food Additives Market Scope and Market Estimation
1.4.1. Global Food Additives Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Food Additives Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Food Additives Market Segmentation
1.5.1. Type of Global Food Additives Market
1.5.2. Source of Global Food Additives Market
1.5.3. Application of Global Food Additives Market
1.5.4. Key Regions of Global Food Additives Market
2. Global Food Additives Market - Executive Summary
2.1. Global Food Additives Market – Summary & Snapshot
2.2. Global Food Additives Market, By Type (US$ Million)
2.3. Global Food Additives Market, By Source (US$ Million)
2.4. Global Food Additives Market, By Application (US$ Million)
2.5. Global Food Additives Market, By Geography (US$ Million)
2.6. Global Food Additives Market Outlook & Future Opportunities
3. Food Additives Market Trends, Outlook, and Factors Analysis
3.1. Global Food Additives Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Food Additives Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Food Additives Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Increase in consumption of nutri food
3.2.1.2. Improvement in visual appeal
3.2.2. Restraints
3.2.2.1. Change In government Food Policies
3.2.3. Opportunities
3.2.3.1. Growth in Packaging Food
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Food Additives Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Food Additives Market
3.9.1. By Type
3.9.2. By Source
3.9.3. By Application
3.9.4. By Regions
4. Global Food Additives Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Food Additives Market, 2020 – 2021 (US$ Million)
4.2. Global Food Additives Market, By Type , 2020 to 2021 (US$ Million)
4.3. Global Food Additives Market, By Source , 2020 to 2021 (US$ Million)
4.4. Global Food Additives Market, By Application , 2020 to 2021 (US$ Million)
4.5. Global Food Additives Market, By Region, 2020 to 2021 (US$ Million)
5. Global Food Additives Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Food Additives Market Share (%) Estimates and Forecasts, by Type , 2022 & 2033
5.2. Global Food Additives Market Revenue (US$ Million) Estimates and Forecasts, by Type , 2022 to 2033
5.2.1. Acidulates
5.2.2. Colours
5.2.3. Emulsifiers
5.2.4. Flavours
5.2.5. Hydrocolloids
5.2.6. Enzymes
5.2.7. Acids
5.2.8. Fat Replacers
5.2.9. Preservatives
5.2.10. Sweeteners
6. Global Food Additives Market Estimates & Forecast Trend Analysis, by Source
6.1. Global Food Additives Market Share (%) Estimates and Forecasts, by Source , 2022 & 2033
6.2. Global Food Additives Market Revenue (US$ Million) Estimates and Forecasts, by Source , 2022 to 2033
6.2.1. Natural
6.2.2. Synthetic
7. Global Food Additives Market Estimates & Forecast Trend Analysis, by Application
7.1. Global Food Additives Market Share (%) Estimates and Forecasts, by Application , 2022 & 2033
7.2. Global Food Additives Market Revenue (US$ Million) Estimates and Forecasts, by Segment _3, 2022 to 2033
7.2.1. Bakery & Confectionery
7.2.2. In House
7.2.3. Beverages
7.2.4. Hotels
7.2.5. Meat, Poultry & Seafood Products,
7.2.6. Dairy & Frozen Desserts
8. Global Food Additives Market Analysis and Forecast, by Region
8.1. Global Food Additives Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global Food Additives Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America Food Additives Market: Estimates & Forecast Trend Analysis
9.1. North America Food Additives Market Assessments & Key Findings
9.2. North America Food Additives Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Food Additives Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
9.3.1. By Type
9.3.2. By Source
9.3.3. By Application
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe Food Additives Market: Estimates & Forecast Trend Analysis
10.1. Europe Food Additives Market Assessments & Key Findings
10.2. Europe Food Additives Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Food Additives Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Type
10.3.2. By Source
10.3.3. By Application
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Rest of Europe (includes all other European countries)
11. Asia Pacific Food Additives Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Food Additives Market Assessments & Key Findings
11.2. Asia Pacific Food Additives Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Food Additives Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Type
11.3.2. By Source
11.3.3. By Application
11.3.4. By Major Country
11.3.4.1. China
11.3.4.2. Japan
11.3.4.3. India
11.3.4.4. ASEAN
11.3.4.5. South Korea
11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Food Additives Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Food Additives Market Assessments & Key Findings
12.2. Middle East & Africa Food Additives Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Food Additives Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Type
12.3.2. By Source
12.3.3. By Application
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America Food Additives Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America Food Additives Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America Food Additives Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Type
13.3.2. By Source
13.3.3. By Application
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. Food Additives Market Revenue Share Analysis (%), by Major Players (2021)
14.2. Food Additives Market Competition Matrix, by Leading Players
14.3. Food Additives List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. E.I. DuPont
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. Tate & Lyle Plc
15.3. DSM
15.4. Biospringer
15.5. DuPont
15.6. chinafooding
15.7. Sensient Technologies Corporation
15.8. Fooding Group Limited
15.9. Palsgaard
15.10. Givaudan
15.11. Ajinomoto Co., Inc.
15.12. Kerry Group Plc
15.13. BASF SE
15.14. CHR. Hansen Holding A/S
15.15. Cargill
15.16. ADM
15.17. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts
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