Product Code: CMI366
The food additives market is estimated to be valued at USD 120.75 Bn in 2024 and is expected to reach USD 176.83 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 120.75 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
5.60% |
2031 Value Projection: |
US$ 176.83 Bn |
Figure. Food Additives Market Share (%), By Region 2024
The global food additives market has witnessed substantial growth over the past few decades. Food additives refer to any synthetic or natural substance that is added intentionally to food to preserve flavor or enhance its taste and appearance. They play a vital role in maintaining or improving the quality of food products. The increasing demand for convenience and packaged foods has propelled the need for food additives to increase shelf life and preserve nutrients. Moreover, rising health-consciousness among consumers has boosted the demand for clean-label and natural food ingredients. Various technologies enabling minimal processing along with additives help retain natural qualities of fresh foods. The growing food processing industry, coupled with rapid urbanization globally, has augmented the market demand for food additives over the years.
Market Dynamics:
The global food additives market is driven by various factors such as growing demand for convenience and packaged foods, rising health-consciousness among consumers, increasing food processing industry, and rapid urbanization. However, stringent food safety regulations imposed on food additives and the availability of substitutes hamper the market growth. Moreover, the COVID-19 pandemic disrupted the supply chain and manufacturing of food additives in 2020. The market players experienced initial slowdown. Nevertheless, growing demand for immunity-boosting and nutritious foods opened lucrative opportunities. Market players are investing in R&D to develop clean-label, natural, and organic food additives.
Key Features of the Study:
- This report provides in-depth analysis of the global food additives market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It details potential revenue opportunities across various segments and highlights lucrative segments for investments
- This study also provides insights about key drivers, restraints, opportunities, product launches, market trends, and strategies adopted by key players
- It profiles leading players in the market like Cargill Incorporated, ADM, Chr. Hansen Holding A/S, Ingredion Incorporated, Novozymes A/S, Tate & Lyle Plc, Ajinomoto Co., Inc, Cargill, Incorporated, BASF SE, Givaudan, International Flavors & Fragrances, Inc., Biospringer, Palsgaard, Lonza, Sensient Technologies Corporation, Kerry, Corbion, Fooding Group Limited, and DuPont
- Insights help marketers and management authorities make informed decisions regarding future product launches, upgrades, expansions, and marketing strategies
- The report caters to stakeholders like investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders can make decisions using various strategy matrices provided in the report to analyze the food additives market
Detailed Segmentation-
- By Source:
- By Product Type:
- Acidity Regulators
- Colorants
- Emulsifiers
- Enzymes
- Hydrocolloids
- Flavoring Agents
- Preservatives
- Sweeteners
- Others
- By Application:
- Bakery & confectionery
- Beverages
- Convenience Foods
- Dairy & Frozen Desserts
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Cargill Incorporated
- ADM
- Chr. Hansen Holding A/S
- Ingredion Incorporated
- Novozymes A/S
- Tate & Lyle Plc
- Ajinomoto Co., Inc
- Cargill, Incorporated
- BASF SE
- Givaudan
- International Flavors & Fragrances, Inc.
- Biospringer
- Palsgaard
- Lonza
- Sensient Technologies Corporation
- Kerry
- Corbion
- Fooding Group Limited
- DuPont
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Source
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Food Additives Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Food Additives Market
- Impact Analysis
5. Global Food Additives Market, By Source, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Natural
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Synthetic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
6. Global Food Additives Market, By Product Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Acidity Regulators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Colorants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Emulsifiers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Enzymes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Hydrocolloids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Flavoring Agents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Preservatives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Sweeteners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
7. Global Food Additives Market, By Application, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Bakery & confectionery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Convenience Foods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Dairy & Frozen Desserts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
8. Global Food Additives Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- North America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
9. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Cargill Incorporated
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- ADM
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- Chr. Hansen Holding A/S
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- Ingredion Incorporated
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- Novozymes A/S
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- Tate & Lyle Plc
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- Ajinomoto Co., Inc
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- Cargill, Incorporated
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- BASF SE
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- Givaudan
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- International Flavors & Fragrances, Inc.
- Company Overview
- Source Portfolio
- Recent Developments/Updates
- Biospringer
- Palsgaard
- Lonza
- Sensient Technologies Corporation
- Kerry
- Corbion
- Fooding Group Limited
- DuPont
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact
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