Global Food Additives Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
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In the Food Additives Market report, vital data and information on the global food additives market, such as potential growth opportunities, market restraints, trends, revenue details, competitive landscape, drivers, recent developments, and details of key players are included.
Primary and secondary research efforts are also conducted to ensure the accuracy of the findings included in this Food Additives Market report.
Before being included in the report, conclusions and research findings are verified by industry experts. The global food additives market research report is segmented on the basis of product, application, and region/countries.
Food Additives Market Overview:
The food Additives Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Food additives are substances that are added to food to enhance taste, preserve flavor, appearance or other qualities such as aroma, texture, shelf life, etc.
Two main types of food additives available in the market presently are indirect and direct food additives. Direct additives change specific properties of foods such as taste, etc.
Whereas, indirect additives are utilized for the purposes of packaging, storing, and handling foods. I.e., in order to improve protection against harmful bacteria, an additive is added to the finished product.
Food Additives Market Dynamics:
Increasing consumption of visually appealing nutritional food & beverages is projected to drive the demand for food additives over the coming years.
Other factors that are anticipated to have a positive impact on the growth of the global food additives market are changing consumer interests regarding the nutritional value & quality of the product as well as its taste. Increasing demand for packaged products such as appetizers, frozen meals, ready-to-eat meals, etc. is expected to encourage manufacturers to increase their production capacities.
Increasing consumer demand for high-value nutritional and exotic tasting products will also influence manufacturers to utilize ingredients that enhance a consumer’s experience.
Increasing concerns about health and growing awareness about the benefits of various organic food products are projected to surge the demand for food additives that are naturally sourced in the global food additives market.
The adoption of natural food additive products, including natural colorants, organic preservatives & flavoring agents, rosemary extracts, stevia-based sweeteners, etc has been steadily increasing due to a growing number of trends in the global food additives market.
Factors that are expected to restrain market growth are the enforcement of stringent regulatory policies as well as other health-related issues such as allergies, etc. that may arise due to the utilization of additives.
The increasing number of innovative advancements related to food additives as well as continuous R&D efforts are projected to open up growth opportunities for key players operating in the global market over the next ten years.
Food Additives Market Segment Analysis:
The flavors and enhancers segment is expected to continue to account for the highest revenue share in the global food additives market.
This can be attributed to the increasing demand for sugar-free or low-sodium products due to their health benefits. The natural flavors segment is projected to have the fastest rate of growth over the forecast period owing to increasing consumer awareness about the benefits of naturally sourced additives.
The beverages segment when compared to other application segments is expected to account for the majority revenue share over the foreseeable future. This can be attributed to the surge in the consumption of beverages around the world.
Food Additives Market Regional Analysis:
The market in Europe is expected to account for the majority revenue share over the next ten years. This can be attributed to the increasing importance of different functional ingredients for incorporating properties such as flavor, emulsification, and the extension of shelf life.
The increasing production of meat products, especially beef in Russia is projected to surge market growth over the coming years. The Asia Pacific market is projected to index significant revenue growth as well over the same period.
Global Food Additives Market Segmentation:
- Flavors and Enhancers
- Natural flavors
- Artificial Flavor & enhancers
- Mono, Di-Glycerides & Derivatives
- Stearoyl Lactylates
- Sorbitan Esters
- Shelf-life stabilizers
- Fat Replacers
- Bakery and confectionery
- Dairy and frozen desserts
- Snacks and convenience food
- Meat and poultry products
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Flavors and Enhancers
- BASF SE
- Archer Daniels Midland
- Ajinomoto Co. Inc.
- Associated British Foods Plc.
- Eastman Chemicals Company
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