Market Survey on Food Additives Market Covering Sales
Outlook, Up-to-date Key Trends, Market Size and Forecast,
Production Capacity, Export and Import Analysis, Regulations, Trade
Analysis, Brand Analysis and Pricing Analysis.
Trends
- Rising demand for vegan and ready-to-eat food is driving
market growth.
Opportunities - Rising demand for high-nutrition and
preserved food is creating multiple opportunities for the
market.
NEWARK,
Del., July 8, 2024 /PRNewswire/ -- The
global food additive market value is expected to grow
from US$ 310.9 billion in 2024
to US$ 551.4 billion by 2034.
Over the forecast period, global food additive demand is projected
to increase at 7.2% CAGR.
Usage of food additives is expected to remain high in the
beverage sector during the forecast period. As per the latest
report, the target segment is anticipated to account for a market
share of 34.0% in 2024.
The market size is increasing as a result of the promotion of
healthy food additives by several food and beverage firms. Leading
corporations are promoting probiotics, dietary fibers, and
prebiotics as healthful foods to gain market share.
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The Factors Increasing the Demand for Food Additives are
as follows:
- Growing consumption of processed and ready-to-eat food is
increasing the demand for food additives.
- Manufacturers are increasing the adoption of food
additives to enhance the taste and flavor of food.
- The increasing consumption of sustainable and high-quality food
is surging the demand for food additives.
- Various organizations, including the Food Administrative
Organization, the World Health Organization, and the United States
Department of Agriculture, are introducing high-quality and
standardized food additives. The key objective of this is to
increase the market for foreign trade.
- Growing technology, rising demand for healthy food, and food
innovation are increasing the adoption of food
additives.
- The industry is expanding due to the growing demand for items
that can be stored for a long time, such as pickles, sweets, and
bacon. Top companies are focusing on maintaining the color of food
by increasing the adoption of micro-encapsulation techniques
is advancing market growth.
- The food & beverages sector is growing its market by
rapidly increasing the adoption of food additives to improve
food texture, color, and taste.
- The demand for Food and Beverage Additive is rising in
hotels and restaurants as a result of the food's increased advanced
nutrition, which is expanding the market opportunities. Adopting
food additives for preserving food to prevent spoilage is
influencing market growth.
Food additives play a vital part in the food and beverage
industry. They are used for various purposes, from preserving
freshness to improving color and texture.
The growing usage of food additives to improve the taste,
quality, and texture of different food products is expected to
boost the market. Similarly, the ability of food additives like
preservatives to extend the shelf life of food products will boost
their sales through 2034.
The market for food additives is influenced significantly
by consumer preferences and changing lifestyles. There is a rise in
demand for processed and packaged food products as consumers seek
convenience and a broader range of food variety. This will likely
fuel food additive demand.
Food additives make processed food products attractive and safe.
They prevent spoilage, maintain nutritional content, and enhance
the overall sensory experience of the food. Hence, increasing
production and consumption of processed and packaged food products
is set to bolster sales of food additives.
Common food additives include flavor enhancers, sweeteners,
colors, and stabilizers. They play a critical role in enhancing
appearance, extending shelf life, and improving processed food
products' taste, texture, and palatability.
Preservatives help extend the lifespan of goods, thereby
reducing food waste. Flavor enhancers and sweeteners enhance the
taste of foods and beverages, catering to evolving consumer
preferences for exciting and healthier options.
The market is also witnessing a shift toward natural food
additives. Growing concerns over several synthetic food additives'
safety and health effects drive this trend.
Key Takeaways from the Food Additives Market Report:
- The global market for food additives is projected to total
US$ 551.4 billion in
2034.
- Based on product type, the fine ingredients segment is expected
to hold a leading market share of 38.6%.
- By end-use application, the beverages segment is poised to
account for a value share of 34.0% in 2024.
- Europe is expected to hold a
leading market share of 21.9%, closely followed by
North America at
17.8%.
- Demand in the United States is
poised to rise with a CAGR of 4.2% through 2034.
- Japan is anticipated to
register a CAGR of 6.0% between 2024 and 2034.
"The food additive industry is poised to expand rapidly,
driven by growing consumer demand for diverse and convenient food
options. To gain maximum profits, key players will look to develop
new safe and natural food additives", says
Nandini Roy Choudhury,
Client Partner at Future Market Insights.
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Who is Winning?
Chr. Hansen Holding A/S, BASF SE, Royal DSM N.V., Sensient
Technologies Corporation, Dow Chemical Company, Nutra Food
Ingredients, LLC, Bell Flavors &
Fragrances Incorporated, and Ajinomoto Food Ingredients are the key
food additive manufacturers listed in the report.
Top companies are expanding product portfolios by introducing
new food additives like natural flavors and low-calorie sweeteners.
They also employ strategies like advertising, partnerships,
acquisitions, agreements, and mergers to gain a competitive edge in
the market.
Key Players Listed in the Food Additives Global Market
Report
- Chr. Hansen Holding A/S
- BASF SE
- Royal DSM N.V.
- Sensient Technologies Corporation
- Dow Chemical Company
- Nutra Food Ingredients, LLC
- Bell Flavors & Fragrances
Incorporated
- Ajinomoto Food Ingredients
- Corbion Food Ingredients
- Food Ingredient Solutions, LLC
- Others (on additional request)
For instance,
- In June 2020, the liquid
version of Linablue natural blue food coloring was launched by DIC
Lifetec Co., Ltd.
- In 2021, B.T. Sweets unveiled Cambya, a plant-based,
one-to-one sugar replacer made from soluble fibers, monk fruit, and
select botanicals.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an
unbiased analysis of the global food additive industry, presenting
historical demand data (2019 to 2023) and forecast statistics for
the period from 2024 to 2034.
The study incorporates compelling insights on the food additive
market based on product type (dairy ingredients, sweeteners,
fibers, and fine ingredients) and end-use application (dairy
industry, confectionery, bakery, snacks, sauces & soups, pasta
& noodles, meat products, baby food, pharmaceuticals,
beverages, dietary supplement and personal care) across various
regions.
Report
Preview: https://www.futuremarketinsights.com/reports/food-additives-market
Food Additive Market by Category
By Product Type:
- Dairy Ingredients
- Sweeteners
- Fibers
- Fine Ingredients
By End-use Application:
- Dairy Industry
- Confectionery
- Bakery
- Snacks
- Sauces & Soups
- Pasta & Noodles
- Meat Products
- Baby Food
- Pharmaceuticals
- Beverages
- Dietary Supplement
- Personal Care
By Region:
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About the Food & Beverage Division at Future Market
Insights (FMI)
Future Market Insights (FMI) food & beverage team offers
comprehensive business intelligence services, with a vast array of
reports and data points analyzed across 50+ countries over a
decade. The team provides consulting services and end-to-end
research, offering expert analysis, actionable insights, and
strategic recommendations to clients worldwide. Contact them to
explore how they can assist with your unique business intelligence
needs.
Authored by:
Nandini Roy
Choudhury (Client Partner for Food & Beverages at
Future Market Insights, Inc.) has 7+ years of management consulting
experience. She advises industry leaders and explores off-the-eye
opportunities and challenges. She puts processes and operating
models in place to support their business objectives.
She has exceptional analytical skills and often brings thought
leadership to the table.
Nandini has vast functional expertise in key niches, including
but not limited to food ingredients, nutrition & health
solutions, animal nutrition, and marine nutrients. She is also
well-versed in the pharmaceuticals, biotechnology, retail, and
chemical sectors, where she advises market participants to develop
methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and
marketing effectiveness, acquisitions and post-merger integration
and cost reduction. Nandini has an MBA in Finance from MIT School
of Business. She also holds a Bachelor's Degree in Electrical
Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in
journals including Beverage Industry, Bloomberg, and Wine Industry
Advisor.
Explore FMI's related ongoing Coverage in Food and Beverage
Domain:
The food and beverage additive market size is
anticipated to be valued at US$ 65.20
billion in 2024, registering a CAGR of 5.80% from 2024 to
2034.
The global algae-based food additive market is poised
for substantial growth, with an estimated valuation of US$ 157.3 million in 2023. It is expected to
reach a valuation of US$ 349.1
million by 2033.
The food grade gas market is estimated to be valued at
US$ 7.8 billion in 2024 and is
projected to capture a CAGR of 7.0% during the forecast
period.
Global demand for food grade antifoams is expected to
reach a market valuation of US$ 35 million by the end of
the year 2023, accelerating at a CAGR of 4.5% over the
forecast period (2023 to 2033), reaching US$ 54.34
million.
The tissue cultured date palm market is foreseen to go
on board on an upward trajectory, evincing a strong CAGR of 8.90%
from 2024 to 2034.
The global probiotic infant formula market size is
projected to increase from US$ 526.2
million in 2024 to US$ 1,281.2
million by 2034.
An exhaustive scrutiny of the food and beverage sector signifies
that the citrus oil market has the potential for moderate
growth, with a projected CAGR of 4.40% from 2024 to 2034.
The global vegan supplements market is expected to
reach a valuation of US$ 4,830.2 Million by the end of
2022. It is set to accelerate with a CAGR of 11.3% during
the forecast period from 2022 to 2032.
The demand for postbiotic supplements is expected to
register a CAGR of 10.9% from 2024 to 2034, reaching a valuation of
US$ 30.5 million by 2034.
The ingredients market for plant-based food &
beverages is estimated to secure a valuation of US$ 2.3 billion in 2023 and is estimated to rise
to US$ 9.30 billion by 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the
Stevie Award, and a member of the Greater
New York Chamber of Commerce) offers profound insights into
the driving factors that are boosting demand in the market. FMI
stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and
Chemicals markets. With a vast team of over 400 analysts worldwide,
FMI provides global, regional, and local expertise on diverse
domains and industry trends across more than 110
countries.
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