Food Additives Market, by Product Type (Acidity Regulators, Colorants, Emulsifiers, Enzymes, Hydrocolloids, Flavoring Agents, Preservatives, Sweeteners), by Source (Natural, Synthetic), by Application (Bakery & Confectionery, Dairy & Frozen Desserts, Snac

Food Additives Market, by Product Type (Acidity Regulators, Colorants, Emulsifiers, Enzymes, Hydrocolloids, Flavoring Agents, Preservatives, Sweeteners), by Source (Natural, Synthetic), by Application (Bakery & Confectionery, Dairy & Frozen Desserts, Snacks & Convenience Food (Processed & Frozen), Beverages, Meat & Poultry Products, Others (Sauces, soups, and baby food)), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Food additives are any substances used to enhance the texture and flavor of food. They are also used to improve the appearance and appeal of food products. Food additives prevent the spoilage of food products by avoiding contamination and by extending the shelf-life of food products. They can be naturally derived or prepared synthetically.

Market Dynamics

Increasing growth in the processed food industry is the underlying factor driving the global food additives market growth. According to the Food Export–Midwest and Food Export–Northeast, the retail sales in the packaged food market in China is projected to increase from US$77 billion in 2022 to US$409.5 billion by 2026. Growing per capita income around the world is creating demand for processed and other food products. According to the World Bank, GDP per capita (current US$) grew from US$ 10,936 in 2020 to US$ 12,262. This increase in income enhances purchasing power capacity of the consumers to purchase ready and instant food products.

Rising demand for functional food additives due to growing demand for food products with higher nutritional value is also expected to fuel the market growth of food additives. Consumers are gaining awareness regarding the healthy food products to prevent prevalence of chronic diseases such as diabetes, cardiovascular, blood pressure and others. According to the International Diabetes Federation, people living with diabetes has been projected to reach 783 million by 2045 from 643 million in 2030.

Growing demand for healthy & organic food products among health-conscious consumers as well as athletes is also driving the market growth of food additives. The use of organic food additives improve taste, texture, nutrition and appearance of the food products without hampering human health majorly. In April 2020, Nestlé announced that the company would focus on improving health and nutrition in its products through vegan and healthy ingredients. Therefore rising demand for natural & organic food colors and flavoring agents due to the nutritional benefits provided by them is expected to boost the market growth.

Key features of the study:

• This report provides an in-depth analysis of the global food additives market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food additives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Cargill Incorporated, Ajinomoto Co., Inc., Archer Daniels Midland, Alpha Ingredients Srl, Kerry Group, E. I. du Pont de Nemours and Company, Ingredion Incorporated, Chr. Hansen Holding A/S, BASF SE, Tate & Lyle PLC, and Novozymes A/S
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
• The global food additives market report caters to various stakeholders in this industry including investors, suppliers, Food Additives manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food additives market

Detailed Segmentation:

• Global Food Additives Market, By Product Type:
• Acidity Regulators
• Colorants
• Emulsifiers
• Enzymes
• Hydrocolloids
• Flavoring Agents
• Preservatives
• Sweeteners
• Global Food Additives Market, By Source :
• Natural
• Synthetic
• Global Food Additives Market, By Application:
• Bakery & Confectionery
• Dairy & Frozen Desserts
• Snacks & Convenience Food (Processed & Frozen)
• Beverages
• Meat & Poultry Products
• Others (Sauces, soups, and baby food)
• Global Food Additives Market, By Region:
• North America
• By Country:
• U.S.
• Canada
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• By Country:
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• By Country:
• Middle East
• Africa
• Company Profiles
• Cargill Incorporated
• Company Overview
• Product Portfolio
• Key Strategies
• Recent Developments
• Future Plans
• Ajinomoto Co., Inc.
• Archer Daniels Midland
• Alpha Ingredients Srl
• Kerry Group
• I. du Pont de Nemours and Company
• Ingredion Incorporated
• Hansen Holding A/S
• BASF SE
• Tate & Lyle PLC
• Novozymes A/S

“*” marked represents similar segmentation in other categories in the respective section