Food Additives Market Research Report: Information by Product Type (Coors, Flavors, Enzymes, Hydrocolloids, Preservatives and others), Source (Natural and Synthetic), Application (Bakery & Confectionery, Beverages, Dairy & Frozen Desserts, Soups, Sauces & Dressings, Sweet & Savory Snacks and others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

Food Additives Market Overview

The food additives market is expected to grow at a higher CAGR of 5.60% in the global market to account for a higher market share value of approximately USD 60.12 billion in the global market by 2030.

The substances used in the production process of various beverages and food for developing and maintaining texture, taste, and freshness of the beverages and food. Usually, there are extracted from two sources namely synthetic source and natural resource. It helps in increasing the shelf-life of products.

COVID 19 Analysis

The global pandemic of COVID 19 has affected a large section of society. Most people have lost their livelihood because of this global pandemic. It has affected the growth and dynamics of several industries. Owing to the shortage of vaccines, everyone is concerned about their immunity and follows social distancing. With the increasing waves of the global pandemic of COVID 19, people are becoming more conscious regarding their health. Owing to the shutdown of various manufacturing units it negatively affected the market.

However, it is expected that the food additives industry will recover from this global pandemic situation by the end of the third quarter of the coming year.

Food Additives Market Dynamics

Drivers

Various factors drive the market growth like increasing demand for convenience food items which creates more demand in the global market. These additives are used as preservatives which increases the shelf-life of products and hence boosts the market demand.

Opportunities

The rise in demand for food additives market in the global market. Growing extensive research and development in this sector provides various growth opportunities. Also, the growing demand for flavored beverages propels the market demand. Moreover, increasing demand for natural beverages and food items boost growth opportunities in the global market.

Restraints

Though the food additives market is increasing at an increasing rate some factors restrict its growth in the global market. Stringent regulations levied by the government of various emerging nations regarding the use of preservatives in various beverages and food items hamper the market growth. Also, the use of various artificial food additives may cause severe side effects which also restrict the growth of the market in the global market.

Value Chain Analysis

The  market is growing rapidly in the global market owing to various benefits associated with it. As it helps in maintaining and increasing food’s nutritional value. It helps in growing fruits and vegetables throughout the year. It is a cheaper source of Vitamins and minerals. It is also used as a preservative in various beverages and food items and thus helps in increasing the shelf life of products. These preservatives are low in calories.

Food Additives Market Segmentation

The food additives market has been divided all across the globe based on the product type, source, application, and region.

Based on the Product Type

The market has been divided all across the globe based on the product type into preservatives, hydrocolloids, enzymes, flavors, colors, and many others.

Based on the Source

The market has been divided all across the globe based on the source into the synthetic source and natural source.

Based on the Application

The market has been divided all across the globe based on the application into sweet and savory snacks, sauces and dressings, soups, dairy and frozen desserts, beverages, bakery and confectionery, and many others.

Based on the Region

The market has been divided all across the globe based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.

Food Additives Market Regional Analysis

The market has been divided all across the globe based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region owing to increasing demands towards processed food products results in more demand for hydrocolloids and preservatives by the manufactures. The North American region holds up to 30% market share in the global market.

The second-largest market share all across the globe is held by the European region owing to increasing demand for natural food additives among various manufacturers of food and beverages industries as more people are inclined towards natural food items and natural drinks. Moreover, increasing demand for organic and natural beverages and food also drives the market demand in this region. Since there are adverse side effects of artificial food additives which automatically increased the market demand for natural food additives. Out of all the countries present in the European region, Germany holds the largest market share and hence dominates the market during the forecasted period

The third-largest market share all across the globe is held by the Asia-Pacific region as this region witness the fastest growth rate in various sectors. Increasing personal disposable income and shifting towards natural additives as more people are inclined towards health and fitness drives the market demand in this region. This region also contains countries like India and China, which are highly populated and hence drives the market demand. Increasing shift towards ready-to-eat food products also boosts the market growth.

The Latin American region and the Middle East and African region also show positive growth rates during the forecasted period. Though there is a lack of infrastructure. But people are changing their lifestyle to live a healthy life by adopting natural additives instead of artificial additives. This region is also anticipated to show positive growth during the forecasted period.

Food Additives Market Competitive Landscape

The most prominent major key players in the market all across the globe are mentioned below:

• Koninklijke DSM N.V. (Netherlands)


• Sensient Technologies Corporation (US)


• Dohler Group (Germany)


• FMC Corporation (US)


• Kalsec Inc. (US)


• The Cooperative Avebe U.A. (Netherlands)


• Novozymes A/S (Denmark)


• Hansen Holdings A/S (Denmark)


• Tate & Lyle PLC (UK)


• Ingredion Incorporated (US)


• Evonik Industries AG (Germany)


• Kerry Group (Ireland)


• Archer Daniels Midland Company (US)


• BASF SE (Germany)


• Cargill Incorporated (US)

These major key players use various strategies to sustain their market position in the food additives market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new production process, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the food additives all across the globe.

Recent Developments

• A certified halal food additives company has been acquired by a Japan-based company namely Nippon Shokubai. This acquisition will enable the company to enhance its portfolio by adding various organic items.


• New carrageenan which was earlier the part of texture variant has been extracted from Satiagel ABN 500 algae. This new carrageenan has been launched by Cargill Incorporated.


• By using corn’s enzymatic converter and proprietary process, an ultra-low-calorie sugar was introduced by one of the most prominent major key players in the food additive industry all across the globe namely Tate and Lyle PLC.


• Archer Daniels Midland Company (US) is spending a huge sum of money in research and development to get an upper edge over its competitors. This will help the company by increasing the sales revenue.

Food Additives Market Report Overview

This global market research report consists of the following elements mentioned below:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Value Chain Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

This market research report contains factors that drive the growth of the food additives industry in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth during the forecasted period are mentioned. The impact of COVID 19 on the sales revenue of the food additives market all across the globe is mentioned. The future growth rate of the market during the forecasted period is estimated and mentioned.

Intended Audience

Traders, exporters, and importers, retailers and wholesalers, hydrocolloids manufacturers, preservative manufacturers, enzymes manufacturers, beverages manufacturers, flavors manufacturers, color manufacturers, food additives manufacturers, and many others.