Share on

Global Food Additives Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Product (Flavors & Enhancers, Antioxidants, Anticaking Agents, Emulsifiers, Sweeteners, Stabilizers, Colorants, Fat Replacers and Others), Application (Confectionary, Hotels, Bakery, Dairy & Frozen Products, Meat, Poultry & Seafood Products, Beverages and Others), Source (Natural and Synthetic) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 1438
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Food Additives Market Size (2024 to 2029)

The global food additives market size was worth USD 40.23 billion in 2023. The global market size is estimated to be worth USD 57.46 billion by 2029 from USD 42.69 billion in 2024, growing at a CAGR of 6.12% from 2024 to 2029.

Food additives are substances added to foods that help improve the texture, color, taste, or chemical preservatives, appearance, or function of processors. These food additives are often added in minimal amounts to enhance the visual appearance, flavor, texture, and other storage properties. Food additives offer several advantages, such as preventing spoilage of food during storage, transport, distribution or processing. More than 3,000 different compounds are used as food additives. A wide range of food additives such as preservatives, antioxidants, flavor enhancers, colorants, and sweeteners are used in the manufacture or preservation of a variety of foods, packaged foods, functional drinks, bakery products, dairy products, meat, and seafood.

In addition to the list of food additives mentioned above, enzymes, emulsifiers, acidulants, shelf-life stabilizers and fat substitutes are in high demand in the global food additives market. Food additives are in high demand due to general requirements from the food industry, end consumers, and regulators around the world. Food additives are used in various applications such as bakery and confectionery, dairy and frozen desserts, beverages, meat and poultry products, and other products including sauces, soups, and baby food to improve the sweetness and enhance or add color and avoid spoilage of food.

Global Food Additives Market Drivers:

The growth of the global food additives market is majorly driven by the growing global population and rising food demand. As the consumption of high-nutrient foods and beverages with improved visual appeal increases, market demand is assumed to increase during the forecast period. The global food additive industry is expected to witness growth due to changes in consumer taste and interest in product quality and nutritional value. Increased consumer awareness of different types of flavors is also likely to play an essential role in driving growth. To enhance protection against harmful bacteria and other types of microorganisms to extend shelf life, additives are included in the finished product. It also imparts properties such as the taste, color, and taste of foods, and increases nutritional content. Food additives are elements added to foods to improve specific features, such as taste, consistency, flavor, light-protection surface, and shelf life. There are two essential food additives on the market: instant food packaging and indirect food additives. Since there is no real option for food additives, the development of the food and beverage industry may influence decisions in the global market.

The global market for food additives is anticipated to withstand fragmented properties as there are many organizations and a variety of affordable items that add to the food business. For example, the problem of well-being will help obesity among young people and adults to demand useful food additives in the market. Interest in natural food additives is assumed to increase markedly as shoppers become more wellness-conscious and perceive the detrimental effects of manufactured food tones. As the demand for packaged products, including ready-to-eat foods, snacks, and frozen meals increases, manufacturers are expected to increase production capacity and increase demand.

The growing consumer demand for exotic flavors and high-value nutritional products is driving manufacturers to develop ingredients that enhance the consumer experience. Population growth, coupled with rising food demand, is expected to be a significant driver of the global market for food additives. In addition, consumer demand for quality food is foreseen to drive the growth of the food additive business in the coming years. Emerging markets around the world are expected to offer opportunities for the food additive market during the forecast period.

Global Food Additives Market Restraints:

In particular, the increased demand for premium foods in developed countries is estimated to play an essential role in the growth of the food additive market. However, the strict regulations established by regulatory agencies such as the European Food Safety Authority, the Food and Drug Administration and the European Union Law on the Safety of Food Additives can serve as a deterrent to the global market for food additives. Furthermore, the limited solubility and high cost of natural food additives are expected to serve as inhibitors for the food additive market. The market has been limited due to increased consumer demand for synthetic additives, increased consumer demand for "additive-free" foods or products containing natural additives, limited availability and high cost of natural food additives, and increased consumer conversion to organic food growth in recent years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.12%

Segments Covered

By Product, Application, Source and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BASF, Danisco, IFF, Frutarom, DuPont, Archer Daniels Midland, Ajinomoto, Associated British Foods, Royal DSM N.V, ADM, Eastman Chemicals, Givaudan, Tate & Lyle key sweetener brand, SPLENDA sucralose and Others.

 

This research report on the global food additives market has been segmented and sub-segmented based on product, application, source and region.

Global Food Additives Market - By Product:

  • Flavors & Enhancers
  • Antioxidants
  • Anticaking Agents
  • Emulsifiers
  • Sweeteners
  • Stabilizers
  • Colorants
  • Fat Replacers
  • Others

Global Food Additives Market - By Application:

  • Confectionary
  • Hotels
  • Bakery
  • Dairy & Frozen products
  • Meat
  • Poultry & Seafood products
  • Beverages
  • Others

Global Food Additives Market - By Source:

  • Natural
  • Synthetic

Global Food Additives Market – By Region:

  • North America
    • The United States
    • Canada
    • Rest of North America
  • Europe
    • The United Kingdom
    • Spain
    • Germany
    • Italy
    • France
    • Rest of Europe
  • The Asia Pacific
    • India
    • Japan
    • China
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • New Zealand
    • Southeast Asia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of LATAM
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Lebanon
    • Jordan
    • Cyprus

The main manufacturing and consumption centers in the world market for food additives are North America and the Asia Pacific, which are followed by Europe, South America, the Middle East and Africa. The European market is mature, and several regulatory agencies strictly regulate the use of food additives such as flavors and enhancers, and North America, leads the US food additive market. The US, Mexico and Canada will reach $ 28 billion by 2024. Demand is expected to increase as demand for confectionery and beverages increases in North America due to a busy lifestyle, increased urbanization and an increase in the retail and lodging sectors. Markets in the region are also leaders, as nutritional functionality increases consumer awareness of natural and functional food additives.

Germany, the United Kingdom, Russia, and France, are leading the landscape for the European food additive market, which is deemed to reach $ 25 billion by 2024. Demand is expected to increase as demand for European convenience and products increases. Market growth is anticipated to accelerate as awareness of preventable diseases increases through the effective use of additives and increased health awareness among the general public in Europe.

The Asia Pacific, with emerging nations like China, Korea, India and Japan, is envisioned to reach about US$ 40 billion by the end of 2024. As awareness of high-nutrition diets increases and the need for ethnic tastes increases, it is playing a pivotal role in accelerating demand in the Asia Pacific food additive market. Changes in consumer preferences in the region and increased demand for healthy, natural and organic foods are foreseen to lead the market. Latin America is assumed to grow at a favorable rate, mainly due to the growth of Brazil. The Middle East and Africa are expected to show moderate growth during the outlook period.

KEY MARKET PLAYERS:

Companies playing a major role in the global food additives market include BASF, Danisco, IFF, Frutarom, DuPont, Archer Daniels Midland, Ajinomoto, Associated British Foods, Royal DSM N.V., ADM, Eastman Chemicals, Givaudan, Tate & Lyle key sweetener brand and SPLENDA sucralose.

RECENT HAPPENINGS IN THE MARKET:

  • Tate & Lyle PLC, a prominent player in the food additive business around the world, introduced ultra-low-calorie sugar with the help of proprietary process and corn’s enzymatic conversion.
  • Cargill Incorporated launched new carrageenan extracted from Satiagel ABN 500 algae, which was a part of the texture variant.
  • Shokubai of Japan has acquired a certified halal company. This acquisition allowed Nippon Shokubai to add organic acids to its product portfolio.

Please wait. . . . Your request is being processed

FAQ's

What can be the size of the global Food Additives market by 2028?

By 2028, it is predicted that the global Food Additives market can reach a valuation of US$ 55.53 billion.

What can be the compound annual growth rate of the global Food Additives market?

The global Food Additives market can expand with a CAGR of 6% during the forecast period.

Mention the major key players in the global Food Additives market?

BASF, Danisco, IFF, Frutarom, DuPont, Archer Daniels Midland, Ajinomoto, Associated British Foods, Royal DSM N.V, ADM, Eastman Chemicals, Givaudan, Tate & Lyle key sweetener brand, SPLENDA sucralose and Others.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample