The US food additives market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing geriatric population.
Food additives are chemicals or components that are added to food to improve taste, flavor, color, nutritional quality, texture, and preservation properties. Food producers are their primary end-users, while fast food, packaged food, and beverages are the most common application categories for food additives. Natural food additives may be extracted or chemical compounds can be manufactured to make food additives.
Nearly 30% of the processed food business is made up of established markets in North American economies. The United States controls more than 65 per cent of the North American market. Sugar substitutes are food additives that are used to replicate the taste of sugar while consuming less energy. Artificially produced chemicals make up the bulk of sugar replacements authorized for use in food. However, certain natural sugar replacements such as sorbitol and xylitol, which may be found in berries, fruits, vegetables, and mushrooms, are well-known.
In industrialized nations, food retail is a fiercely competitive sector. Increased consumer access to processed and convenience foods is raising the demand for food additives in the food and beverage sector in the United States, thanks to an increase in the number of shops, retail channels, and formats. While offering consumers competitive prices, quality, and services, the organized retail sector exposes consumers to label information, and quality comparisons with both private labels and branded products are increasing the US retail food industry.
Market Trends, Drivers, Restraints, and Opportunities
- Growing health awareness and concerns are expected to boost market growth during the forecast period.
- Increasing usage of additives in the food and beverage industry for various functions such as preservatives, flavor enhancers, emulsifiers, sweeteners, colorants, and other functions is anticipated to drive market expansion in the coming years.
- Growing desire for convenience and packaged goods, which include more additives, is estimated to propel the market growth during the forecast period.
- Low solubility and high cost of natural food additives are projected to hinder market expansion.
Scope of Food Additives Market Report
The report on the US food additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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US Food Additives Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Preservatives, Sweeteners, Hydrocolloids, Food Colorants, Sugar Substitutes, Emulsifier, Anti-Caking Agents, Enzymes, Food Flavors and Enhancers, and Acidulants) and Applications (Confectionery, Dairy & Frozen, bakery, Meat, Poultry, and Sea Food, Beverages, and Others)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cargill, Incorporated; Kerry Inc.; Corbion NV; Tate & Lyle; and Archer Daniels Midland Company
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Food Additives Market Segment Insights
Sugar substitutes segment is projected to account for a major market share
On the basis of types, the US food additives market is divided into preservatives, sweeteners, hydrocolloids, food colorants, sugar substitutes, emulsifiers, anti-caking agents, enzymes, food flavors and enhancers, and acidulants. The sugar substitutes segment is expected to account for a key share of the market in the coming years due to rising customer demand for sugar-free products.
Beverages segment is expected to register at a rapid pace
In terms of applications, the US food additives market is bifurcated into confectionery, dairy & frozen, bakery, meat, poultry, and sea food, beverages, and others. The beverages segment is expected to account for a key share of the market during the forecast period due to the increasing availability of processed and convenience drinks to consumers.
Segments
The global US food additives market has been segmented on the basis of
Types
- Preservatives
- Sweeteners
- Hydrocolloids
- Food Colorants
- Sugar Substitutes
- Emulsifier
- Anti-Caking Agents
- Enzymes
- Food Flavors and Enhancers
- Acidulants
Applications
- Confectionery
- Dairy & Frozen
- Bakery
- Meat
- Poultry
- Sea Food
- Beverages
- Others
Key Players
Competitive Landscape
Key players competing in the global US food additives market include Cargill, Incorporated; Kerry Inc.; Corbion NV; Tate & Lyle; and Archer Daniels Midland Company.
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