North America Food Additives Market has been estimated at USD 14.95 Billion in 2021 and is projected to reach USD 19.36 Billion by 2026, at a CAGR of 5.30% during the forecast period from 2021 to 2026.
Food additive is incorporated in a finished product to improve protection against harmful bacteria and other kinds of microbes to prolong shelf life. It also imparts characteristics such as flavor, color, and taste in foodstuff and increase its nutritional content.
The market for Food additives in North America is mainly driven due to growing demand for packaged products including ready-to-eat meals, appetizers and frozen meals, which is resulting in manufacturers increasing their production capacity. But, the market growth is regulated due to U.S. regulatory providing stringent laws to determine the safe additives, and also on the amount of consumption and quality on the food grade used in the additives.
North America market for Food Additives is segmented based on type, source and application. By type, the market is further sub-segmented into Acidulants, Anti-caking agents, Colors, Emulsifiers, Enzymes, Flavors, Hydrocolloids, Preservatives, Sweeteners. By Source, the market is further sub-segmented into Natural and Synthetic. By Application, the market is further sub-segmented into Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings. The flavors segment accounts for the largest market share followed by the sweeteners segment in the market by type. The demand for food additives in beverages accounted for the largest share, while the sauces, dressings, spices, condiments segment is projected to be the fastest-growing segments.
Geographically the North America Food Additives Market is segmented into US, Canada and Rest of North America. North America is the biggest market in terms of market share across the globe. North America has increased distribution and transportation of food products which requires high usage of food additives, thus, furthering the increase of trade for food additives.
Key Players in the Market:
Major Key Players in the North America Food Additives Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Acidulants
5.1.2 Anti-caking agents
5.1.3 Colors
5.1.4 Emulsifiers
5.1.5 Enzymes
5.1.6 Flavors
5.1.7 Hydrocolloids
5.1.8 Preservatives
5.1.9 Sweeteners
5.2 By Source
5.2.1 Natural
5.2.2 Synthetic
5.3 By Application
5.3.1 Bakery & confectionery
5.3.2 Beverages
5.3.3 Convenience foods
5.3.4 Dairy & frozen desserts
5.3.5 Other Applications
6. Geographical Analysis
6.1 Introduction
6.2 United States
6.3 Canada
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 E.I. DuPont
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Archer Daniels Midland Company
8.3 Cargill, Incorporated
8.4 CHR. Hansen Holding A/S
8.5 Kerry Group Plc
8.6 BASF SE
8.7 Evonik Industries AG
8.8 Tate & Lyle PLC
8.9 Chr. Hansen Holding A/S
8.10 Novozymes A/S
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook & Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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