Global Food Additives Market
By Type (Anti-Caking Agents, Acidulants, Emulsifiers, Enzymes, Colors, Flavors, Sweeteners, Hydrocolloids, Preservatives Markets), By Source (Colors, Emuslifiers, Enzymes, Flavors, Hydrocolloids, Preservatives), By Application (Beverages, convenience food, Bakery and Confectionery, Sauces, Dressings, Spices & Condiments, Dairy and Frozen desserts, Others), By region (North America, Europe, Asia- Pacific, Rest of the World) and Regional Market Size, Status and Forecast to 2027
The Global Food Additives Market was valued at 49.37 billion in 2019 and is projected to reach USD72.99 billion by 2027, growing at a CAGR of 5.4% from 2020 to 2027.
Food additives are substances that are added to food items to get a better taste. They aid in adding a better texture and color to the food items. Additives have gained high importance in the past few years, due to the high demands and requirements of the food industry. Many food additives have been introduced in the past few years to meet the needs of the growing food industry.
1. Market Drivers
1.1 Increasing demand for Convenience foods.
1.2 High rise in consumption of food products.
1.3 Increasing demand for products with extended Shelf Life.
1.4 Multi- purpose use of food additives.
2. Market Restraints
2.1 Limited sources and increase in price of additives
2.2 High demand for organic products.
2.3 Bad effects of synthetic additives.
The Food Additives Market is segmented on the basis of Type, Source, Application and Region.
1. By Type:
1.1 Anti-Caking Agents
1.9 Preservatives Markets
2. By Source :
2.1.3 Nature Identical Colors
2.2.1 Plant Source
2.2.2 Animal Source
2.3.1 Plant Source
2.3.2 Animal Source
2.3.3 Microorganism Source
3. By Application:
3.2 Convenience Food
3.3 Bakery & Confectionery
3.4 Sauces, Dressings, Spices & Condiments
3.5 Dairy & Frozen Desserts
3.6 Other Applications
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Rest of World
The major players in the market are as follows:
1. Archer Daniels Midland Company
2. Cargill Inc
3. BASF SE
4. E.I. Dupont
5. Evonik Industries AG
6. Kerry Group
7. Chr. Hansen Holding A/S
8. Tate & Lyle PLC
9. Novozymes A/S
10. Ingredion Incorporated
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Food Additives Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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