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Food Additives Market Size, Share & Growth | Forecast [2031]

Food Additives Market

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Segments - by Type [Sweeteners (Sucrose, Lactose, Bulk Sweeteners, HFCS, Fructose, and Others), Preservatives (Benzonates, Natural Antioxidants, Sorbates, and Others), Anti-Caking Agents (Silicon Dioxide, Calcium Compounds, Sodium Compounds, and Others), Hydrocolloids (Xanthan Gum, Starch, Gelatin Gum, and Others), Food Colorants (Natural Food Colorants and Synthetic Food Colorants), Acidulants (Lactic Acid, Citric Acid, Phosphoric Acid, and Others), Food Flavors and Enhancers (Flavor Enhancer, Natural Flavors, and Synthetic Flavors), Enzymes (Lipase, Carbohydrase, Protease, and Others), and Emulsifiers(Sorbate Esters and Derivatives & Mono- Di-Glycerides)], Application [Beverages, Dairy and Frozen Desserts, Convenience Foods, Bakery and Confectionery, and Others], and Region [Asia Pacific, North America, Latin America, Europe, and Middle East and Africa] – Global Industry Analysis, Growth, Shares, Size, Trends, and Forecast 2023 – 2031

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Report Description

The global food additives market size was valued at USD 100 billion in 2022 and is expected to surpass USD 183.85 billion by 2031, expanding at a CAGR of 7% during the forecast period, 2023–2031. Growth of the market is attributed to the increasing population, increasing awareness towards a healthy diet, rapid development in food and beverage sectors, and improved economic stability.

The food additives are ingredients that are added to food to enhance the appearance and taste of food. Sugar, salt, smoke, and vinegar are some examples of food additives. Additives are useful to preserve food for a long time such as wines, sweets, and bacon.

The market report find that the COVID-19 pandemic affected the demand and supply of the global food additives market. Lockdowns across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to an unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

Rising demand for packaged and prepared foods is projected to boost the market.
Increased use of additives in the beverages and food sector is the major factor fueling the market.
Strict regulations on production are projected to restrict the market expansion during the forecast period.
High cost of production and Limited availability of product is projected to hamper the market growth in the coming years.
R&D investment and technological advancement in the food additives market is projected to offer lucrative opportunities for the market players.

Scope of Food Additives Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Food Additives Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023-2031
Segmentation	Type [Sweeteners (Sucrose, Lactose, Bulk Sweeteners, HFCS, Fructose, and Others), Preservatives (Benzonates, Natural Antioxidants, Sorbates, and Others), Anti-Caking Agents (Silicon Dioxide, Calcium Compounds, Sodium Compounds, and Others), Hydrocolloids (Xanthan Gum, Starch, Gelatin Gum, and Others), Food Colorants (Natural Food Colorants and Synthetic Food Colorants), Acidulants (Lactic Acid, Citric Acid, Phosphoric Acid, and Others), Food Flavors and Enhancers (Flavor Enhancer, Natural Flavors, and Synthetic Flavors), Enzymes (Lipase, Carbohydrase, Protease, and Others), and Emulsifiers(Sorbate Esters and Derivatives & Mono- Di-Glycerides)], and Application [Beverages, Dairy and Frozen Desserts, Convenience Foods, Bakery and Confectionery, and Others]
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East and Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report	Eastman Chemical Company, Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, Ajinomoto Co., Inc., Tate and Lyle Plc, Hermes Sweetners Ltd., D.D. Williamson & Co., Inc., DSM, Corbion Purac, Firmenich, Dow Chemical Company, Kerry Group, and Weifang Ensign Industry Co., Ltd.

Food Additives Market Segment Insights

Based on type, the global food additives market is bifurcated into sweeteners, preservatives, anti-caking agents, hydrocolloids, food colorants, acidulants, food flavors, and enhancers, enzymes, and emulsifiers. The sweeteners segment is sub-segmented into sucrose, lactose, bulk sweeteners, HFCS, fructose, and others. The preservatives segment is sub-segmented into benzoates, natural antioxidants, sorbates, and others.

The anti-caking agents’ segment is sub-segmented into silicon dioxide, calcium compounds, sodium compounds, and others. The hydrocolloids segment is sub-segmented into xanthan gum, starch, gelatin gum, and others. The food colorants segment is sub-segmented into natural food colorants and synthetic food colorants. The acidulants segment is sub-segmented into lactic acid, citric acid, phosphoric acid, and others.

The food flavors and enhancers segment are sub-segmented into flavor enhancer, natural flavors, and synthetic flavors. The enzymes segment is sub-segmented into lipase, carbohydrase, protease, and others. The emulsifiers segment is sub-segmented into sorbate esters and derivatives & mono- di-glycerides. The sweeteners segment accounts for a key share of the market.

Growth of the market is attributed to the increasing population, rising awareness towards a healthy diet, rapid development in food and beverage sectors, and improved economic stability. However, the acidulants segment is anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living, increasing demand for acidulants products, rising demand for beverages and food products prepared from safe additives, and increasing consumption of prepared food.

On the basis of application, the global food additives market is segmented into beverages, dairy and frozen desserts, convenience foods, bakery and confectionery, and others. The beverages segment accounts for a key share of the market. Growth of the market is attributed to the increasing population, increasing awareness towards a healthy diet, and improved economic stability.

The bakery and confectionery segment are anticipated to expand at a rapid pace during the forecast period, due to factors such as improved standard of living and increasing demand for acidulants products. Increasing use of food grade magnesium derivatives as an anti-caking and flavoring agent in bakery and confectionery products such as milk powder, cream powder, and cocoa products is driving the segment.

On the basis of region, the global food additives market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of Latin America is anticipated to expand at a high CAGR during the forecast period, due to the increasing population and improved economic stability. The market of Asia Pacific is estimated to hold a major market share, due to rising demand for beverages and food products prepared from safe additives and increasing consumption of prepared food.

Segments

The global food additives market has been segmented on the basis of

Type

Sweeteners
- Sucrose
- Lactose
- Bulk Sweeteners
- HFCS
- Fructose
- Others
Preservatives
- Benzonates
- Natural Antioxidants
- Sorbates
- Others
Anti-caking Agents
- Silicon Dioxide
- Calcium Compounds
- Sodium Compounds
- Others
Hydrocolloids
- Xanthan Gum
- Starch
- Gelatin Gum
- Others
Food Colorants
- Natural Food Colorants
- Synthetic Food Colorants
Acidulants
- Lactic Acid
- Citric Acid
- Phosphoric Acid
- Others
Food Flavors and Enhancers
- Flavor Enhancer
- Natural Flavors
- Synthetic Flavors
Enzymes
- Lipase
- Carbohydrase
- Protease
- Others
Emulsifiers
- Sorbate Esters
- Derivatives & Mono- Di-Glycerides

Application

Beverages
Dairy and Frozen Desserts
Convenience Foods
Bakery and Confectionery
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East and Africa

Key Players

Eastman Chemical Company
ADM
BASF SE
Cargill
Ajinomoto Co., Inc.
Tate and Lyle Plc
Hermes Sweetners Ltd.
D.D. Williamson & Co., Inc.
DSM
Corbion Purac
Firmenich
Dow Chemical Company
Kerry Group
Weifang Ensign Industry Co., Ltd.

Competitive Landscape

Key players competing in the global food additives market include Eastman Chemical Company, Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, Ajinomoto Co., Inc., Tate and Lyle Plc, Hermes Sweetners Ltd., D.D. Williamson & Co., Inc., DSM, Corbion Purac, Firmenich, Dow Chemical Company, Kerry Group, and Weifang Ensign Industry Co., Ltd.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Food Additives Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Additives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Additives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Additives Market - Supply Chain
  4.5. Global Food Additives Market Forecast
     4.5.1. Food Additives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Additives Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Food Additives Market Absolute $ Opportunity
5. Global Food Additives Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Food Additives Market Size and Volume Forecast by Types
     5.3.1. Sweeteners Preservatives Anti-caking Agents Hydrocolloids Food Colorants Acidulants Food Flavors and Enhancers Enzymes
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Additives Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Food Additives Market Size and Volume Forecast by Applications
     6.3.1. Beverages Dairy and Frozen Desserts Convenience Foods Bakery and Confectionery Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Food Additives Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Food Additives Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Food Additives Demand Share Forecast, 2019-2026
8. North America Food Additives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Food Additives Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Food Additives Market Size and Volume Forecast by Types
     8.4.1. Sweeteners Preservatives Anti-caking Agents Hydrocolloids Food Colorants Acidulants Food Flavors and Enhancers Enzymes
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Food Additives Market Size and Volume Forecast by Applications
     8.7.1. Beverages Dairy and Frozen Desserts Convenience Foods Bakery and Confectionery Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Food Additives Demand Share Forecast, 2019-2026
9. Latin America Food Additives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Food Additives Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Food Additives Market Size and Volume Forecast by Types
     9.4.1. Sweeteners Preservatives Anti-caking Agents Hydrocolloids Food Colorants Acidulants Food Flavors and Enhancers Enzymes
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Food Additives Market Size and Volume Forecast by Applications
     9.7.1. Beverages Dairy and Frozen Desserts Convenience Foods Bakery and Confectionery Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Food Additives Demand Share Forecast, 2019-2026
10. Europe Food Additives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Food Additives Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Food Additives Market Size and Volume Forecast by Types
     10.4.1. Sweeteners Preservatives Anti-caking Agents Hydrocolloids Food Colorants Acidulants Food Flavors and Enhancers Enzymes
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Food Additives Market Size and Volume Forecast by Applications
     10.7.1. Beverages Dairy and Frozen Desserts Convenience Foods Bakery and Confectionery Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Food Additives Demand Share Forecast, 2019-2026
11. Asia Pacific Food Additives Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Food Additives Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Food Additives Market Size and Volume Forecast by Types
     11.4.1. Sweeteners Preservatives Anti-caking Agents Hydrocolloids Food Colorants Acidulants Food Flavors and Enhancers Enzymes
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Food Additives Market Size and Volume Forecast by Applications
     11.7.1. Beverages Dairy and Frozen Desserts Convenience Foods Bakery and Confectionery Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Food Additives Demand Share Forecast, 2019-2026
12. Middle East & Africa Food Additives Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Food Additives Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Food Additives Market Size and Volume Forecast by Types
     12.4.1. Sweeteners Preservatives Anti-caking Agents Hydrocolloids Food Colorants Acidulants Food Flavors and Enhancers Enzymes
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Food Additives Market Size and Volume Forecast by Applications
     12.7.1. Beverages Dairy and Frozen Desserts Convenience Foods Bakery and Confectionery Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Food Additives Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Food Additives Market: Market Share Analysis
  13.2. Food Additives Distributors and Customers
  13.3. Food Additives Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Eastman Chemical Company
     13.4.2. Archer Daniels Midland Company
     13.4.3. BASF SE
     13.4.4. Cargill, Incorporated
     13.4.5. Ajinomoto Co., Inc.

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