ID: MRFR/F-B & N/0874-HCR | February 2021 | Region: Global | 90 pages
Market Scenario
Food additives are substances that are used in the production process of several food and beverages to maintain and develop the freshness, taste, and texture of the food and beverages. Food additives are extracted from both natural and synthetic sources. The global Food Additives Market size is estimated to reach USD 56.10 billion and record 5.40% CAGR by the end of 2024.
The global food additives market is anticipated to be driven by several factors. One of the significant factors for the rising growth of food additives market is the growing demand for convenience food. Preservatives are key additives in the manufacturing process of convenience food to increase the shelf-life of the products. The demand for several flavored beverages has been increasing among the consumers, which is anticipated to boost the demand for food additives. Recently, the demand for natural food items and beverages is increasing at a rapid pace across the globe, which accelerates the demand for natural food additives. However, stringent government regulations are anticipated to hinder the growth of the global food additives market during the forecast period, 2019–2024. The global food additives market is highly consolidated owing to the presence of several multinational players. The key players are in the global food additives market is emphasizing in the merger & acquisition in order to surge the product portfolio and also to increase the presence across the globe.
Segmentation
The global food additives market has been segmented based on product type, source, application, and region.
The global food additives market has been classified, based on product type, into colors, flavors, enzymes, hydrocolloids, preservatives, and others.
The global food additives market has been divided, based on source, into natural and synthetic.
The global food additives market has been classified, based on application, into bakery & confectionery, beverages, dairy & frozen desserts, soups, sauces & dressings, sweet & savory snacks, and others.
The global food additives market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American food additives market has further been segmented into the US, Canada, and Mexico.
The European food additives market has been classified into the UK, Germany, France, Italy, Spain, and the Rest of Europe.
The food additives market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The food additives market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
Regional Market Summary
Global Food Additives Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
North America accounted for the major market share of 30% in the food additives market in 2018. Increasing inclination towards processed food products among the consumers is anticipated to enhance the demand for preservatives and hydrocolloids among the manufacturers. Apart from that, the demand for natural food additives is increasing at a rapid pace among the food and beverage manufacturers owing to the high demand for naturally derived food items and drinks. The demand for natural and organic food and beverages has been rising across North America and Europe. Due to the increasing consumer awareness regarding the adverse effects of synthetic food additives, the demand for natural food additives is anticipated to upsurge in the near future. Among the European countries, Germany is estimated to retain its dominance throughout the forecast period. However, Asia-Pacific region is projected to expand at the highest CAGR during the forecast period. The growth for the food additives market in Asia-pacific region can be attributed to the increasing consumption of ready to eat food products, large population, and increasing per capita disposable income among the consumers.
Global Food Additives Market, by Product Type
Global Food Additives Market, by Source
Global Food Additives Market, by Application
Global Food Additives Market, by Region
Intended Audience
Frequently Asked Questions (FAQ) :
Food additives market is projected to grow at a 5.40% CAGR between 2019- 2024.
North America is expected to dominate the food additives market
The food additives market is predicted to touch USD 56.10 billion by 2024.
Demand for convenience foods and different flavoured beverages are the key factors driving the food additives market.
Key players profiled in the food additives market include Tate & Lyle plc. (U.K.), Evonik Industries AG (Germany), E. I. du Pont de Nemours and Company (U.S.), Kerry Group plc. (Ireland), Archer-Daniels-Midland Company (U.S.), Cargill Inc. (U.S), and BASF SE (Germany), among others.
Table of Contents
1. 1 EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Food Additives Market, by Product Type
1.1.2. Global Food Additives Market, by Source
1.1.3. Global Food Additives Market, by Application
1.1.4. Global Food Additives Market, by Region
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Macro Factor Indicator Analysis
3. RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4. MARKET DYNAMICS
4.1. Introduction
4.2. Drivers
4.2.1. Driver 1
4.2.2. Driver 2
4.3. Restraints
4.3.1. Restraint 1
4.3.2. Restraint 2
4.4. Opportunities
4.4.1. Opportunity 1
4.4.2. Opportunity 2
4.5. Challenges
4.5.1. Challenge 1
4.5.2. Challenge 2
5. MARKET FACTOR ANALYSIS
5.1. Value Chain Analysis
5.2. Supply Chain Analysis
5.3. Porter’s Five Forces Model
5.3.1. Bargaining Power of Suppliers
5.3.2. Bargaining Power of Buyers
5.3.3. Threat of New Entrants
5.3.4. Threat of Substitutes
5.3.5. Intensity of Rivalry
6. GLOBAL FOOD ADDITIVES MARKET, BY PRODUCT TYPE
6.1. Introduction
6.2. Colors
6.2.1. Colors: Market Estimates & Forecast, by Region/Country, 2019–2024
6.3. Flavors
6.3.1. Flavors: Market Estimates & Forecast, by Region/Country, 2019–2024
6.4. Enzymes
6.4.1. Enzymes: Market Estimates & Forecast, by Region/Country, 2019–2024
6.5. Hydrocolloids
6.5.1. Hydrocolloids: Market Estimates & Forecast, by Region/Country, 2019–2024
6.6. Preservatives
6.6.1. Preservatives: Market Estimates & Forecast, by Region/Country, 2019–2024
6.7. Others
6.7.1. Others: Market Estimates & Forecast, by Region/Country, 2019–2024
7. GLOBAL FOOD ADDITIVES MARKET, BY SOURCE
7.1. Introduction
7.2. Natural
7.2.1. Natural: Market Estimates & Forecast, by Region/Country, 2019–2024
7.3. Synthetic
7.3.1. Synthetic: Market Estimates & Forecast, by Region/Country, 2019–2024
8. GLOBAL FOOD ADDITIVES MARKET, BY APPLICATION
8.1. Introduction
8.2. Bakery & Confectionery
8.2.1. Bakery & Confectionery: Market Estimates & Forecast, by Region/Country, 2019–2024
8.3. Beverages
8.3.1. Beverages: Market Estimates & Forecast, by Region/Country, 2019–2024
8.4. Dairy & Frozen Desserts
8.4.1. Dairy & Frozen Desserts: Market Estimates & Forecast, by Region/Country, 2019–2024
8.5. Soups, Sauces & Dressings
8.5.1. Soups , Sauces & Dressings: Market Estimates & Forecast, by Region/Country, 2019–2024
8.6. Others
8.6.1. Others: Market Estimates & Forecast, by Region/Country, 2019–2024
9. GLOBAL FOOD ADDITIVES MARKET, BY REGION
9.1. Introduction
9.2. North America
9.2.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.2.2. Market Estimates & Forecast, by Source, 2019–2024
9.2.3. Market Estimates & Forecast, by Application, 2019–2024
9.2.4. Market Estimates & Forecast, by Country, 2019–2024
9.2.5. US
9.2.5.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.2.5.2. Market Estimates & Forecast, by Source, 2019–2024
9.2.5.3. Market Estimates & Forecast, by Application, 2019–2024
9.2.6. Canada
9.2.6.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.2.6.2. Market Estimates & Forecast, by Source, 2019–2024
9.2.6.3. Market Estimates & Forecast, by Application, 2019–2024
9.2.7. Mexico
9.2.7.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.2.7.2. Market Estimates & Forecast, by Source, 2019–2024
9.2.7.3. Market Estimates & Forecast, by Application, 2019–2024
9.3. Europe
9.3.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.3.2. Market Estimates & Forecast, by Source, 2019–2024
9.3.3. Market Estimates & Forecast, by Application, 2019–2024
9.3.4. Market Estimates & Forecast, by Country, 2019–2024
9.3.5. Germany
9.3.5.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.3.5.2. Market Estimates & Forecast, by Source, 2019–2024
9.3.5.3. Market Estimates & Forecast, by Application, 2019–2024
9.3.6. UK
9.3.6.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.3.6.2. Market Estimates & Forecast, by Source, 2019–2024
9.3.6.3. Market Estimates & Forecast, by Application, 2019–2024
9.3.7. France
9.3.7.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.3.7.2. Market Estimates & Forecast, by Source, 2019–2024
9.3.7.3. Market Estimates & Forecast, by Application, 2019–2024
9.3.8. Spain
9.3.8.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.3.8.2. Market Estimates & Forecast, by Source, 2019–2024
9.3.8.3. Market Estimates & Forecast, by Application, 2019–2024
9.3.9. Italy
9.3.9.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.3.9.2. Market Estimates & Forecast, by Source, 2019–2024
9.3.9.3. Market Estimates & Forecast, by Application, 2019–2024
9.3.10. Rest of Europe
9.3.10.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.3.10.2. Market Estimates & Forecast, by Source, 2019–2024
9.3.10.3. Market Estimates & Forecast, by Application, 2019–2024
9.4. Asia-Pacific
9.4.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.4.2. Market Estimates & Forecast, by Source, 2019–2024
9.4.3. Market Estimates & Forecast, by Application, 2019–2024
9.4.4. Market Estimates & Forecast, by Country, 2019–2024
9.4.5. China
9.4.5.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.4.5.2. Market Estimates & Forecast, by Source, 2019–2024
9.4.5.3. Market Estimates & Forecast, by Application, 2019–2024
9.4.6. Japan
9.4.6.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.4.6.2. Market Estimates & Forecast, by Source, 2019–2024
9.4.6.3. Market Estimates & Forecast, by Application, 2019–2024
9.4.7. India
9.4.7.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.4.7.2. Market Estimates & Forecast, by Source, 2019–2024
9.4.7.3. Market Estimates & Forecast, by Application, 2019–2024
9.4.8. Australia & New Zealand
9.4.8.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.4.8.2. Market Estimates & Forecast, by Source, 2019–2024
9.4.8.3. Market Estimates & Forecast, by Application, 2019–2024
9.4.9. Rest of Asia-Pacific
9.4.9.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.4.9.2. Market Estimates & Forecast, by Source, 2019–2024
9.4.9.3. Market Estimates & Forecast, by Application, 2019–2024
9.5. Rest of the World
9.5.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.5.2. Market Estimates & Forecast, by Source, 2019–2024
9.5.3. Market Estimates & Forecast, by Application, 2019–2024
9.5.4. Market Estimates & Forecast, by Region, 2019–2024
9.5.5. South America
9.5.5.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.5.5.2. Market Estimates & Forecast, by Source, 2019–2024
9.5.5.3. Market Estimates & Forecast, by Application, 2019–2024
9.5.6. Middle East
9.5.6.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.5.6.2. Market Estimates & Forecast, by Source, 2019–2024
9.5.6.3. Market Estimates & Forecast, by Application, 2019–2024
9.5.7. Africa
9.5.7.1. Market Estimates & Forecast, by Product Type, 2019–2024
9.5.7.2. Market Estimates & Forecast, by Source, 2019–2024
9.5.7.3. Market Estimates & Forecast, by Application, 2019–2024
10. COMPETITIVE LANDSCAPE
10.1. Introduction
10.2. Competitive Benchmarking
10.3. Development Share Analysis
10.4. Key Developments & Growth Strategies
11. COMPANY PROFILES
11.1. Cargill Incorporated (US)
11.1.1. Company Overview
11.1.2. Financial Overview
11.1.3. Products Offered
11.1.4. Key Developments
11.1.5. SWOT Analysis
11.1.6. Key Strategies
11.2. BASF SE (Germany)
11.2.1. Company Overview
11.2.2. Financial Overview
11.2.3. Products Offered
11.2.4. Key Developments
11.2.5. SWOT Analysis
11.2.6. Key Strategies
11.3. Archer Daniels Midland Company (US)
11.3.1. Company Overview
11.3.2. Financial Overview
11.3.3. Products Offered
11.3.4. Key Developments
11.3.5. SWOT Analysis
11.3.6. Key Strategies
11.4. Kerry Group (Ireland)
11.4.1. Company Overview
11.4.2. Financial Overview
11.4.3. Products Offered
11.4.4. Key Developments
11.4.5. SWOT Analysis
11.4.6. Key Strategies
11.5. Evonik Industries AG (Germany)
11.5.1. Company Overview
11.5.2. Financial Overview
11.5.3. Products Offered
11.5.4. Key Developments
11.5.5. SWOT Analysis
11.5.6. Key Strategies
11.6. Ingredion Incorporated (US)
11.6.1. Company Overview
11.6.2. Financial Overview
11.6.3. Products Offered
11.6.4. Key Developments
11.6.5. SWOT Analysis
11.6.6. Key Strategies
11.7. Tate & Lyle PLC (UK)
11.7.1. Company Overview
11.7.2. Financial Overview
11.7.3. Products Offered
11.7.4. Key Developments
11.7.5. SWOT Analysis
11.7.6. Key Strategies
11.8. Chr. Hansen Holding A/S (Denmark)
11.8.1. Company Overview
11.8.2. Financial Overview
11.8.3. Products Offered
11.8.4. Key Developments
11.8.5. SWOT Analysis
11.8.6. Key Strategies
11.9. Novozymes A/S (Denmark)
11.9.1. Company Overview
11.9.2. Financial Overview
11.9.3. Products Offered
11.9.4. Key Developments
11.9.5. SWOT Analysis
11.9.6. Key Strategies
11.10. The cooperative Avebe U.A. (Netherlands)
11.10.1. Company Overview
11.10.2. Financial Overview
11.10.3. Products Offered
11.10.4. Key Developments
11.10.5. SWOT Analysis
11.10.6. Key Strategies
11.11. Kalsec Inc.(US)
11.11.1. Company Overview
11.11.2. Financial Overview
11.11.3. Products Offered
11.11.4. Key Developments
11.11.5. SWOT Analysis
11.11.6. Key Strategies
11.12. FMC Corporation (US)
11.12.1. Company Overview
11.12.2. Financial Overview
11.12.3. Products Offered
11.12.4. Key Developments
11.12.5. SWOT Analysis
11.12.6. Key Strategies
11.13. Döhler Group (Germany)
11.13.1. Company Overview
11.13.2. Financial Overview
11.13.3. Products Offered
11.13.4. Key Developments
11.13.5. SWOT Analysis
11.13.6. Key Strategies
11.14. Sensient Technologies Corporation (US)
11.14.1. Company Overview
11.14.2. Financial Overview
11.14.3. Products Offered
11.14.4. Key Developments
11.14.5. SWOT Analysis
11.14.6. Key Strategies
11.15. Koninklijke DSM N.V. (Netherlands)
11.15.1. Company Overview
11.15.2. Financial Overview
11.15.3. Products Offered
11.15.4. Key Developments
11.15.5. SWOT Analysis
11.15.6. Key Strategies
12. APPENDIX
12.1. General Sources & References
12.2. List of Abbreviation
LIST OF TABLES
TABLE 1 Global Food Additives Market, by Region, 2019–2024 (USD Million)
TABLE 2 Global Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 3 Global Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 4 Global Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 5 North America: Food Additives Market, by Country, 2019–2024 (USD Million)
TABLE 6 North America: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 7 North America: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 8 North America: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 9 US: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 10 US: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 11 US: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 12 Canada: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 13 Canada: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 14 Canada: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 15 Mexico: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 16 Mexico: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 17 Mexico: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 18 Europe: Food Additives Market, by Country, 2019–2024 (USD Million)
TABLE 19 Europe: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 20 Europe: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 21 Europe: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 22 Germany: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 23 Germany: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 24 Germany: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 25 France: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 26 France: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 27 France: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 28 Italy: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 29 Italy: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 30 Italy: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 31 Spain: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 32 Spain: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 33 Spain: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 34 UK: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 35 UK: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 36 UK: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 37 Rest of Europe: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 38 Rest of Europe: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 39 Rest of Europe: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 40 Asia-Pacific: Food Additives Market, by Country, 2019–2024 (USD Million)
TABLE 41 Asia-Pacific: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 42 Asia-Pacific: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 43 Asia-Pacific: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 44 China: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 45 China: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 46 China: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 47 India: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 48 India: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 49 India: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 50 Japan: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 51 Japan: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 52 Japan: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 53 Rest of Asia-Pacific: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 54 Rest of Asia-Pacific: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 55 Rest of Asia-Pacific: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 56 Rest of the World (RoW): Food Additives Market, by Country, 2019–2024 (USD Million)
TABLE 57 Rest of the World (RoW): Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 58 Rest of the World (RoW): Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 59 Rest of the World (RoW): Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 60 South America: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 61 South America: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 62 South America: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 63 Middle East: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 64 Middle East: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 65 Middle East: Food Additives Market, by Application, 2019–2024 (USD Million)
TABLE 66 Africa: Food Additives Market, by Product Type, 2019–2024 (USD Million)
TABLE 67 Africa: Food Additives Market, by Source, 2019–2024 (USD Million)
TABLE 68 Africa: Food Additives Market, by Application, 2019–2024 (USD Million)
LIST OF FIGURES
FIGURE 1 Global Food Additives Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of the Global Food Additives Market
FIGURE 4 Value Chain of the Global Food Additives Market
FIGURE 5 Share of the Global Food Additives Market in 2018, by Country (%)
FIGURE 6 Global Food Additives Market, by Region, 2019–2024,
FIGURE 7 Global Food Additives Market Size, by Product Type, 2018
FIGURE 8 Share of the Global Food Additives Market, by Product Type, 2019–2024 (%)
FIGURE 9 Global Food Additives Market Size, by Source, 2018
FIGURE 10 Share of the Global Food Additives Market, by Source, 2019–2024 (%)
FIGURE 9 Global Food Additives Market Size, by Application, 2018
FIGURE 10 Share of the Global Food Additives Market, by Application, 2019–2024 (%)