Global Food Additives Market Size study & Forecast, by Product (Flavors & Enhancers, Sweeteners, Enzymes, Emulsifiers), by Source (Natural, Synthetic), and Regional Analysis, 2022-2029

Global Food Additives Market Size study & Forecast, by Product (Flavors & Enhancers, Sweeteners, Enzymes, Emulsifiers), by Source (Natural, Synthetic), and Regional Analysis, 2022-2029

Global Food Additives Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Food Additives is a component that is principally added to food to enhance its flavour and appearance. The Food Additives market is expanding because of factors such as Increasing Food & Beverages Industry and rising demand for packaged food. The market is anticipated to grow in the near future, owing to a tremendous rise in the trade of nutritional and fortified products and strategic initiatives by the private players.

Further, rising dairy consumption has also augmented the growth of the market. According to the Food & Agricultural Organization, processing dairy product consumption per individual grew from 23.6 kg in 2018–20 to 25.2 kg by 2030. Further, according to Statista, the Estimated Dairy Market Value is expected to go to USD 1127 Billion, by the year-end of 2026; USD 1071 Billion, by the year-end of 2025; USD 1017 Billion, in the year 2024 from USD 966 Billion, in the year-end 2023 and USD 871 Billion, in the year 2021. However, health hazards are associated with the consumption of synthetic additives and the availability of substitutes in the market.

The key regions considered for the Global Food Additives Market study includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the marketin terms of revenue, owing to expanding food & beverages industry. According to survey findings presented in the Journal of Ethnic Foods, approximately 79.67% of adult Chinese respondents in July 2021 ate fast food. About 77.94% of people, based on the same report, ate baked meals, while 22.06% chose fried food. North America is expected to grow with the highest CAGRduring the forecast period, owing to changing lifestyle consumption of food and other food products.

Major market players included in this report are:
Givaudan
Archer-Daniels-Midland Company
Chr. Hansen Holding A/S
Ingredion Incorporated
Novozymes A/S
Tate & Lyle Plc
DSM
Ajinomoto Co., Inc.
Cargill, Incorporated
BASF SE

Recent Developments in the Market:
 In June 2021, Kerry launched the tasting facility in Irapuato, Mexico. The launch of this facility was made to provide the end-users with innovative solutions in the market. With this launch of the facility, the company’s position will get strengthened in the Market. this is done by fulfilling the needs of its end-users with the advanced solutions of flavours and enhancers.
 In December 2020, Tate & Lyle acquired Sweet Green Fields. Sweet Green Fields is a stevia solutions business the company has its production and research & development facilities based out of China. With this move, the company is expected to strengthen its financial and geographical position in the clean-label sweetener market in China and the Asia Pacific region.

Global Food Additives Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Source and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Flavors & Enhancers
Sweeteners
Enzymes
Emulsifiers

By Source:
Natural
Synthetic

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Givaudan
Archer-Daniels-Midland Company
Chr. Hansen Holding A/S
Ingredion Incorporated
Novozymes A/S
Tate & Lyle Plc
DSM
Ajinomoto Co., Inc.
Cargill, Incorporated
BASF SE

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