Global Food Additives Market 2024-2028
Technavio has been monitoring the food additives market and is forecast to grow by USD 14327.5 mn during 2023-2028, accelerating at a CAGR of 4.84% during the forecast period. Our report on the food additives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for processed food, increasing complexities in food supply chain, and growing demand for home food preservation.
Technavio's food additives market is segmented as below:
By Application
- Bakery and confectionery
- Beverages
- Convenience food
- Snacks
- Others
By Product
- Flavors and enhancers
- Acidulants
- Colorants
- Sweeteners
- Others
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the shelf-life extension of food products as one of the prime reasons driving the food additives market growth during the next few years. Also, rising trend of non-gmo ingredients and increasing adoption of organic and natural ingredients will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the food additives market covers the following areas:
- Food additives market sizing
- Food additives market forecast
- Food additives market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food additives market vendors that include Ajinomoto Co. Inc., Archer Daniels Midland Co., Ashland Inc., Associated British Foods Plc, BASF SE, Bell Flavors and Fragrances GmbH, Cargill Inc., Chr Hansen Holding AS, Eastman Chemical Co., Evonik Industries AG, Givaudan SA, Griffith Foods Worldwide Inc., Ingredion Inc., International Flavors and Fragrances Inc., J M Huber Corp., Kerry Group Plc, Koninklijke DSM NV, Quality Ingredients Corp., Tate and Lyle PLC, and Wego Chemical Group Inc.. Also, the food additives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.