Food Additives Market - Forecast(2024 - 2030)

Report Code: FBR 96740 Report Format: PDF + Excel

Food Additives Market Overview

Food Additives Market size is estimated to reach $55,530 million by 2026, growing at a CAGR of 7.8% over 2021-2026. Food additives are considered as natural or synthetic chemicals that are added in foods to enhance the taste, texture and color and also helps in improving the appearance of food. Food additives also helps to increase the shelf life of food and keep the food fresh. Food additives are available in two different types such as natural and artificial food additives. Natural food additives are extracted naturally and are used in various foodstuff whereas artificial food additives are made synthetically. Food additives are used to reduce bacteria and contaminants in foods and are helps in preventing food borne diseases. Emulsifiers are added to make the food stable and re-used in various processed products. Enzymes are used in food owing to their specialized nature that helps to complete the reaction during processing. Ascorbic acid are used as preservatives in various food and beverage products to enhance taste and currently, sodium nitrite are added to processed and cured meals. Rising demand of convenience and packaged foods among population and growing prevalence of food borne disease is the major factor driving the growth of Food Additives Market. Furthermore, growing technological advancement in food and beverage industry, rising busy schedule owing to hectic lifestyle, rising use of food additives in food and beverage industry is set to further enhance the overall market demand for Food Additives Market for the period 2021-2026. 

Report Coverage

The report: “Food Additives Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Food Additives Market.

By Type: Flavor & Enhancer, Antioxidants, Anticaking Agents, Emulsifiers, Sweeteners, Stabilizers, Colorants, Fat Replacers, and Others
By Source: Natural, and Synthetic
By Application: Bakery & Confectionery, Beverages, Dairy & Frozen Products, Poultry & Sea Food Products, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).

Key Takeaways

  • In 2020, North America dominated the Food Additives Market owing to changing lifestyle that increases the consumption of processed food which contains food additives. Moreover, owing to busy schedule the consumption of confectionery and bakery products increases and are therefore boosting the growth of North America.
  • Rising demand of convenience and packaged foods among population and growing prevalence of food borne disease are enhancing the growth of the Food Additives Market. 
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Food Additives Market report.
  • Rising strict regulations by various government agencies is set to create hurdles for the Food Additives Market.

Food Additive Market Size, By Application 2020-2026 (USD Million)

Food Additive Market
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Food Additives Segment Analysis – By Type

The Food Additives Market based on Type can be further segmented into Flavor & Enhancer, Antioxidants, Anticaking Agents, Emulsifiers, Sweeteners, Stabilizers, Colorants, Fat Replacers, and Others. The Flavor & Enhancer segment is the major segment generating revenue in 2020. This is mainly owing to the fact that flavor and enhancer are used in various food and beverage products to enhancing the color, texture and taste that helps to attract consumers towards foods which contains flavors. Moreover, various manufacturers are also using flavors and enhancers to increase the sales of food products and thus boosting the market growth. The sweetener segment is estimated to register the fastest CAGR of 8.1% for the period 2021-2026. Sweetener are added in food to provide sweet taste in foods which contains low calories that rising the preference of sweeteners among consumers owing to rising health consciousness. Moreover, rising prevalence of diabetes among consumers increases the use of sweeteners in food for sweet taste which in turn boosting the growth of Food Additives Market.

Food Additives Segment Analysis – By Application

The Food Additives Market based on Application can be further segmented into Bakery & Confectionery, Beverages, Dairy & Frozen Products, Poultry & Sea Food Products, and Others. The Bakery & Confectionery segment registers for the highest Food Additives Market share in 2020. This is mainly owing to the fact that food additives aid in enhancing the texture and volume of baked goods that rising the use of food additives in various bakery and confectionery products such as cakes, biscuits, cookies and many more. Moreover, rising consumer demand towards bakery and confectionery products increases the production that rising the use of food additives in bakery and confectionery application. The Beverages segment is forecasted to register the fastest CAGR of 9.2% over 2021-2026. This is mainly owing to rising demand of exotic flavours in various non-alcoholic beverages such as juices, drinks and many more. Moreover, growing trends of consuming various sports related juices with flavors among adults increases the use of food additives in beverages and are thus propelling the growth of Food Additives Market.

Food Additive Segment Analysis – By Geography

North America dominated the Food Additive Market with major share of 45% in 2020. This is owing to changing lifestyle that increases the consumption of processed food which contains food additives. Moreover, owing to busy schedule the consumption of confectionery and bakery products increases and are therefore boosting the growth of North America. Moreover, rising advancement of technology in food and beverage sector increases the developments of various new flavors which in turn driving the demand and growth of Food Additives Market.

However, Asia Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to rising trends of consuming high-nutrient diet and rising demand of ethnic taste in Asian countries such as India, china increases the demand of food additives and thus propelling the growth of Food Additives Market.

Food Additives Market Drivers

Rising Demand of Convenience and Packaged Foods 

Growing hectic lifestyle among consumer increases the demand of ready-to eat snacks, convenience and packaged foods is a significant factor driving the market growth. Moreover, rising consumer preference towards different type of exotic flavors in foods rising the need of processed food as food additives helps to add taste and flavor in food and also rising the shelf life of food which rising preference of consumers towards processed food and therefore rising the growth of the Food Additives Market over the period 2021-2026.

Growing Prevalence of Food Borne Disease

Food borne are caused by pathogens and contaminants present in food that increases the prevalence of food borne disease is a major factor driving the market growth. According to World Health Organization, in 2020 about 600 million cases of food borne disease occur that increases various initiatives among government to reduce the risk of food borne disease and thus increases the use of food additives which further boosting the growth of Food Additives Market over the period 2021-2026.

Covid-19 Impact: 

COVID-19 pandemic had greatly impacted the growth of Food Additives Market. During pandemic, there is a lockdown that created a disruption in supply chain and the manufacturing industries owing to less availability of human resources. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Food Additives Market. 

Food Additives Market Challenges 

Strict Regulation among Various Government Agencies

The factors that is set to impede the growth of the Food Additives Market are the rising strict regulation towards food additives by various government agencies. Moreover, owing to regulation there is delay in production that is also set to create hurdles for the Food Additives Market.

Food Additives Market Landscape

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Food Additives Market. Food Additives top 10 companies are E.I. DuPont, Archer Daniels Midland Company, Eastman Chemical Company, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE, IFF, Frutarom, Givaudan, and Tate & Lyle.

Food Additives Market Development

  • In May 2021, Eastman acquired 3F Feed and Food business in order to expand the production of food additives and is expected to drive the market growth.

Relevant Reports:

Report Code: FBR 0028
Report Code: FBR 84041

For more Food and Beverages Market reports - Please click here
1. Food Additives Market Overview
    1.1 Definitions and Scope
2. Food Additives Market Executive Summary
    2.1 Market Size and Key Trends
    2.2 Key trends by Type
    2.3 Key trends by Source
    2.4 Key trends by Application
    2.5 Key trends by Geography
3. Food Additives Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Food Additives Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Food Additives Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Food Additives Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Food Additives Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Food Additives Market – By Type (Market Size -$Million/$Billion)
    8.1 Flavor & Enhancer
    8.2 Antioxidants
    8.3 Anticaking Agents
    8.4 Emulsifiers
    8.5 Sweeteners
    8.6 Stabilizers
    8.7 Colorants
    8.8 Fat Replacers
    8.9 Others
9. Food Additives Market– Source (Market Size -$Million/$Billion)
    9.1 Natural
    9.2 Synthetic
10. Food Additives Market– By Application (Market Size -$Million/$Billion)
    10.1 Bakery & Confectionery
    10.2 Beverages
    10.3 Dairy & Frozen Products
    10.4 Poultry & Sea Food Products
    10.5 Others
11. Food Additives Market- By Geography (Market Size -$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 Italy
        11.2.4 France
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Australia
        11.3.3 Japan
        11.3.4Southh Korea
        11.3.5 India
        11.3.6 Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Others
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Food Additives Market Entropy
13. Food Additives Market - Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Key companies
        13.1.2 Market Share by Region- Key companies
        13.1.3 Market Share at Global Level- Key companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Food Additives Market- Key Company List by Country Premium Premium
15. Food Additives Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Food Additives Market Analysis, By Type Market 2023-2030 ($M)
2.Global Food Additives Market Analysis, By Source Market 2023-2030 ($M)
3.Global Competition Landscape Market 2023-2030 ($M)
3.1 Cargill Incorporated Market 2023-2030 ($M) - Global Industry Research
3.2 Ajinomoto Co., Inc. Market 2023-2030 ($M) - Global Industry Research
3.3 Archer Daniels Midland Market 2023-2030 ($M) - Global Industry Research
3.4 Alpha Ingredients Srl Market 2023-2030 ($M) - Global Industry Research
3.5 Kerry Group Market 2023-2030 ($M) - Global Industry Research
3.6 I. du Pont de Nemours and Company Market 2023-2030 ($M) - Global Industry Research
3.7 Ingredion Incorporated Market 2023-2030 ($M) - Global Industry Research
3.8 Hansen Holding A/S Market 2023-2030 ($M) - Global Industry Research
3.9 BASF SE Market 2023-2030 ($M) - Global Industry Research
3.10 Tate Lyle PLC Market 2023-2030 ($M) - Global Industry Research
3.11 Novozymes A/S Market 2023-2030 ($M) - Global Industry Research
4.Global Food Additives Market Analysis, By Type Market 2023-2030 (Volume/Units)
5.Global Food Additives Market Analysis, By Source Market 2023-2030 (Volume/Units)
6.Global Competition Landscape Market 2023-2030 (Volume/Units)
6.1 Cargill Incorporated Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Ajinomoto Co., Inc. Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Archer Daniels Midland Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Alpha Ingredients Srl Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Kerry Group Market 2023-2030 (Volume/Units) - Global Industry Research
6.6 I. du Pont de Nemours and Company Market 2023-2030 (Volume/Units) - Global Industry Research
6.7 Ingredion Incorporated Market 2023-2030 (Volume/Units) - Global Industry Research
6.8 Hansen Holding A/S Market 2023-2030 (Volume/Units) - Global Industry Research
6.9 BASF SE Market 2023-2030 (Volume/Units) - Global Industry Research
6.10 Tate Lyle PLC Market 2023-2030 (Volume/Units) - Global Industry Research
6.11 Novozymes A/S Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Food Additives Market Analysis, By Type Market 2023-2030 ($M)
8.North America Food Additives Market Analysis, By Source Market 2023-2030 ($M)
9.North America Competition Landscape Market 2023-2030 ($M)
9.1 Cargill Incorporated Market 2023-2030 ($M) - Regional Industry Research
9.2 Ajinomoto Co., Inc. Market 2023-2030 ($M) - Regional Industry Research
9.3 Archer Daniels Midland Market 2023-2030 ($M) - Regional Industry Research
9.4 Alpha Ingredients Srl Market 2023-2030 ($M) - Regional Industry Research
9.5 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
9.6 I. du Pont de Nemours and Company Market 2023-2030 ($M) - Regional Industry Research
9.7 Ingredion Incorporated Market 2023-2030 ($M) - Regional Industry Research
9.8 Hansen Holding A/S Market 2023-2030 ($M) - Regional Industry Research
9.9 BASF SE Market 2023-2030 ($M) - Regional Industry Research
9.10 Tate Lyle PLC Market 2023-2030 ($M) - Regional Industry Research
9.11 Novozymes A/S Market 2023-2030 ($M) - Regional Industry Research
10.South America Food Additives Market Analysis, By Type Market 2023-2030 ($M)
11.South America Food Additives Market Analysis, By Source Market 2023-2030 ($M)
12.South America Competition Landscape Market 2023-2030 ($M)
12.1 Cargill Incorporated Market 2023-2030 ($M) - Regional Industry Research
12.2 Ajinomoto Co., Inc. Market 2023-2030 ($M) - Regional Industry Research
12.3 Archer Daniels Midland Market 2023-2030 ($M) - Regional Industry Research
12.4 Alpha Ingredients Srl Market 2023-2030 ($M) - Regional Industry Research
12.5 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
12.6 I. du Pont de Nemours and Company Market 2023-2030 ($M) - Regional Industry Research
12.7 Ingredion Incorporated Market 2023-2030 ($M) - Regional Industry Research
12.8 Hansen Holding A/S Market 2023-2030 ($M) - Regional Industry Research
12.9 BASF SE Market 2023-2030 ($M) - Regional Industry Research
12.10 Tate Lyle PLC Market 2023-2030 ($M) - Regional Industry Research
12.11 Novozymes A/S Market 2023-2030 ($M) - Regional Industry Research
13.Europe Food Additives Market Analysis, By Type Market 2023-2030 ($M)
14.Europe Food Additives Market Analysis, By Source Market 2023-2030 ($M)
15.Europe Competition Landscape Market 2023-2030 ($M)
15.1 Cargill Incorporated Market 2023-2030 ($M) - Regional Industry Research
15.2 Ajinomoto Co., Inc. Market 2023-2030 ($M) - Regional Industry Research
15.3 Archer Daniels Midland Market 2023-2030 ($M) - Regional Industry Research
15.4 Alpha Ingredients Srl Market 2023-2030 ($M) - Regional Industry Research
15.5 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
15.6 I. du Pont de Nemours and Company Market 2023-2030 ($M) - Regional Industry Research
15.7 Ingredion Incorporated Market 2023-2030 ($M) - Regional Industry Research
15.8 Hansen Holding A/S Market 2023-2030 ($M) - Regional Industry Research
15.9 BASF SE Market 2023-2030 ($M) - Regional Industry Research
15.10 Tate Lyle PLC Market 2023-2030 ($M) - Regional Industry Research
15.11 Novozymes A/S Market 2023-2030 ($M) - Regional Industry Research
16.APAC Food Additives Market Analysis, By Type Market 2023-2030 ($M)
17.APAC Food Additives Market Analysis, By Source Market 2023-2030 ($M)
18.APAC Competition Landscape Market 2023-2030 ($M)
18.1 Cargill Incorporated Market 2023-2030 ($M) - Regional Industry Research
18.2 Ajinomoto Co., Inc. Market 2023-2030 ($M) - Regional Industry Research
18.3 Archer Daniels Midland Market 2023-2030 ($M) - Regional Industry Research
18.4 Alpha Ingredients Srl Market 2023-2030 ($M) - Regional Industry Research
18.5 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
18.6 I. du Pont de Nemours and Company Market 2023-2030 ($M) - Regional Industry Research
18.7 Ingredion Incorporated Market 2023-2030 ($M) - Regional Industry Research
18.8 Hansen Holding A/S Market 2023-2030 ($M) - Regional Industry Research
18.9 BASF SE Market 2023-2030 ($M) - Regional Industry Research
18.10 Tate Lyle PLC Market 2023-2030 ($M) - Regional Industry Research
18.11 Novozymes A/S Market 2023-2030 ($M) - Regional Industry Research
19.MENA Food Additives Market Analysis, By Type Market 2023-2030 ($M)
20.MENA Food Additives Market Analysis, By Source Market 2023-2030 ($M)
21.MENA Competition Landscape Market 2023-2030 ($M)
21.1 Cargill Incorporated Market 2023-2030 ($M) - Regional Industry Research
21.2 Ajinomoto Co., Inc. Market 2023-2030 ($M) - Regional Industry Research
21.3 Archer Daniels Midland Market 2023-2030 ($M) - Regional Industry Research
21.4 Alpha Ingredients Srl Market 2023-2030 ($M) - Regional Industry Research
21.5 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
21.6 I. du Pont de Nemours and Company Market 2023-2030 ($M) - Regional Industry Research
21.7 Ingredion Incorporated Market 2023-2030 ($M) - Regional Industry Research
21.8 Hansen Holding A/S Market 2023-2030 ($M) - Regional Industry Research
21.9 BASF SE Market 2023-2030 ($M) - Regional Industry Research
21.10 Tate Lyle PLC Market 2023-2030 ($M) - Regional Industry Research
21.11 Novozymes A/S Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Food Additives Market Revenue, 2023-2030 ($M)
2.Canada Food Additives Market Revenue, 2023-2030 ($M)
3.Mexico Food Additives Market Revenue, 2023-2030 ($M)
4.Brazil Food Additives Market Revenue, 2023-2030 ($M)
5.Argentina Food Additives Market Revenue, 2023-2030 ($M)
6.Peru Food Additives Market Revenue, 2023-2030 ($M)
7.Colombia Food Additives Market Revenue, 2023-2030 ($M)
8.Chile Food Additives Market Revenue, 2023-2030 ($M)
9.Rest of South America Food Additives Market Revenue, 2023-2030 ($M)
10.UK Food Additives Market Revenue, 2023-2030 ($M)
11.Germany Food Additives Market Revenue, 2023-2030 ($M)
12.France Food Additives Market Revenue, 2023-2030 ($M)
13.Italy Food Additives Market Revenue, 2023-2030 ($M)
14.Spain Food Additives Market Revenue, 2023-2030 ($M)
15.Rest of Europe Food Additives Market Revenue, 2023-2030 ($M)
16.China Food Additives Market Revenue, 2023-2030 ($M)
17.India Food Additives Market Revenue, 2023-2030 ($M)
18.Japan Food Additives Market Revenue, 2023-2030 ($M)
19.South Korea Food Additives Market Revenue, 2023-2030 ($M)
20.South Africa Food Additives Market Revenue, 2023-2030 ($M)
21.North America Food Additives By Application
22.South America Food Additives By Application
23.Europe Food Additives By Application
24.APAC Food Additives By Application
25.MENA Food Additives By Application