Synthetic Food Market Size By Product (Colour, Enzymes, Hydrocolloids, Flavour & Fragrances, Antioxidants, Emulsifiers, Fat replacers), By Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Processed Food, Pe

Synthetic Food Market Size By Product (Colour, Enzymes, Hydrocolloids, Flavour & Fragrances, Antioxidants, Emulsifiers, Fat replacers), By Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Processed Food, Pet Food, & More), & Forecast, 2023-2032

Global Synthetic Food Market is speculated to grow considerably through 2032, credited to the surging health issues among consumers which is promoting the consumption of healthier food items.

Customers are looking for food products with special health benefits as they become more aware of the connection between nutrition and health. The emergence of functional food items fortified with vitamins, and minerals, as well as additional substances that support health and wellness would further encourage the market demand.

In addition, prominent companies in the market are focusing on partnerships and collaboration deals to solidify their position in the marketplace. For instance, in June 2019, SIBUR and BASF announced partnership to create breakthrough polymer solutions at SIBUR's PolyLab R&D Center in Moscow, Russia. The Memorandum of Cooperation was signed to move ahead in SIBUR and BASF's solid commitment to cater to the growing market demand.

The synthetic food market has been divided in terms of product, application, and region.

Based on product, the hydrocolloids segment is slated to grow at more than 7% CAGR from 2023 to 2032 attributed to its various uses in making plant-based meat alternatives. In the synthetic food sector, hydrocolloids are frequently utilized as stabilizing, thickening, as well as gelling agents. These components are primarily obtained from organic sources including plant-based gums, seaweed, and starches, and incorporated into synthetic food items to improve consistency, texture, and stability. Not to mention, hydrocolloids are essential to create plant-based meat substitutes that have the same texture and mouthfeel as their animal-based counterparts.

With respect to application, the flavor & fragrances segment is estimated to expand substantially over the review timeline. Synthetic flavors and perfumes are frequently used in the beverage business to create enticing flavors and aromas. Compared to natural alternatives, these synthetic substances are more affordable and consistently flavorful. Fruit juices, energy drinks, and carbonated beverages contain artificial tastes.

From the regional front, the Middle East & Africa synthetic food market is anticipated to amass USD 2.30 billion by 2032, driven by the surging demand for environmentally friendly and alternative food options owing to climate change and water limitation. Synthetic food products provide a possible alternative to solving environmental issues in the MEA region, which is especially vulnerable to the impacts of climate change.