Food Additives Market Size, Share, and Analysis, By Product Type (Bulk Sweeteners, Sugar Substitutes, Preservatives, Prebiotics, Probiotics, Anti-caking Agents, Enzymes, Emulsifiers, Hydrocolloids, Food Colorants, Food Flavours and Enhancers, Shelf-life stabilizers, Acidulants), By Source (Synthetic, Natural), By Application (Meat and Meat Products, Dairy and Desserts, Bakery and Confectionery, Beverages, Soups, Sauces, Dressings, Others) and Regional Forecasts, 2022-2032
Food Additives Market Size, Share, and Analysis, By Product Type (Bulk Sweeteners, Sugar Substitutes, Preservatives, Prebiotics, Probiotics, Anti-caking Agents, Enzymes, Emulsifiers, Hydrocolloids, Food Colorants, Food Flavours and Enhancers, Shelf-life stabilizers, Acidulants), By Source (Synthetic, Natural), By Application (Meat and Meat Products, Dairy and Desserts, Bakery and Confectionery, Beverages, Soups, Sauces, Dressings, Others) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Food Additives Market size was USD 88.85 billion in 2021 and projected to grow from USD 99.2 billion in 2023 to USD 164.1 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period.
Food Additives are substances that improves the colour, flavour and aroma of food. Food additives are utilized to meet a requirement like upgrading durability and preservation. New food additives are being created to reach the increasing consumer demand for processed foods. Natural food additives are obtained from natural raw sources like plants, animals etc. and several synthetic food additives are also present in the market. Commonly used natural food additives are salt and sugar which were used traditionally by people to preserve food and improve their flavour.
MARKET HIGHLIGHTS
Food Additives Market is expected to reach USD 164.1 billion, growing at a CAGR of 5.7% during forecast period owing to the high requirement for preserving food from spoilage by using food additives which is expected to boost the growth of the Food Additives market. Food additives are included indirectly into the food material to improve the handling of food when stored and packed. Food additives play a vital role in packaging and processed food industry as additives possesses property of improving palatability, increase shelf-life of product and enhancing taste of the food item.
Food Additives Market Segments:
Product Type
Bulk Sweeteners
Sugar Substitutes
Preservatives
Prebiotics
Probiotics
Anti-caking Agents
Enzymes
Emulsifiers
Hydrocolloids
Food Colorants
Food Flavours and Enhancers
Shelf-life stabilizers
Acidulants
Source
Synthetic
Natural
Application
Meat and Meat Products
Dairy and Desserts
Bakery and Confectionery
Beverages
Soups
Sauces
Dressings
Others
MARKET DYNAMICS
Growth Drivers
Growing Food Processing Industries is Expected to Boost the Growth of the Market
Growing Awareness on Consuming Natural Food Products is Expected to Boost the Growth of the Market
Restraint
Improper Awareness on Food Additives May Restrain the Growth of the Market
Global Laboratory Temperature Control Units Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
3-month post-sales analyst support.
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1. Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3.Food Additives Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Food Additives Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Food Additives Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Food Additives Market
10.1.Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast