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Food Additives Market: By Source, By Type Of Additive, By Application, and Geography
Food Additives Market: By Source, By Type Of Additive, By Application, and Geography
Food Additives Market Size was valued at US$ 37.84 billion in 2023 and is expected to reach a value of US$ 56.45 billion by 2030, at a CAGR of 6.1% from 2024-2030. Food additives are the substances that are used to preserve the food, enhance the flavour, enhance the taste, appearance, or other properties. Some of the additives have been used for many years such as salt (used in the meat industry for preservation, preserving food by pickling (with vinegar) and many others. With the emergence of processed food importance of the food additives enormously increased. Different food additives used are food preservatives, antioxidants, thickening agents, colouring agents, stabilizers and flavouring agents. The market is very dynamic and changes with the customer's tastes and preferences. Market players are focusing on the development of new and innovative food additives to increase their markets.
In addition, marketers also collaborate in the manufacturing and marketing of the products to reach the maximum number of customers. Food additives are used to preserve food from hazardous bacteria and microbes while also extending the shelf life of the product. The market for food additives is predicted to develop due to the rising number of new and innovative products on the market from manufacturers. For instance, In June 2016, Archer Daniels Midland Co. and GLG Life Tech Co. entered into a partnership to manufacture, market, sell and distribute low-calorie stevia and monk fruit sweeteners. According to this agreement, CLG will produce, low-calorie sweeteners from Stevia and monk fruit and ADM will be the global marketer and distributor of ingredients to food and beverage companies worldwide.
Study Period
2024-2030Base Year
2023CAGR
6.1%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Food additives market is mainly driven by the increase in demand for the packaged food products that require the food additives for the preservation for a long time. In addition, rising population, growing lifestyle changes in the developing countries and convenience consumption of packaged food expected to drive the market growth. Furthermore, growing organized retail industry and increase in demand for the natural food additives due to health consciousness in consumers may propel the market growth during the forecast period. Moreover, manufactures focusing on the development of new additives such as flavours to meet the consumer requirements and growing demand in meat industry for prolonged preservation of meat also expected to drive the food additives market. However, the health hazards due to consumption of the sythetic food additives, high cost of natural additives and growing shift towards the organic food consumption may impende the growth of food additives market over the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 37.84 billion |
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Market Size in 2030 |
US$ 56.45 billion |
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Market CAGR |
6.1% |
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By Source |
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By Type Of Additive |
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By Application |
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The global food additives market size was valued at US$ 37.84 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024-2030.
Cargill, BASF, Kerry Group, Brenntag, Givaudan
North America is the fastest-growing region for food additives market
| 1.Executive Summary |
| 2.Global Food Additives Market Introduction |
| 2.1.Global Food Additives Market - Taxonomy |
| 2.2.Global Food Additives Market - Definitions |
| 2.2.1.Source |
| 2.2.2.Type Of Additive |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global Food Additives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Food Additives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Food Additives Market By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Natural, |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Synthetic |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Food Additives Market By Type Of Additive, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Enzymes, |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Sweeteners, |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Emulsifiers, |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Shelf life Stabilizers, |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Flavors and Enhancers, |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Food Additives Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Bakery & Confectionary Additives, |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Dietary & Milk Additives, |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Beverage Additives, |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Diary & Milk Additives, |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Food Additives Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Food Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Natural, |
| 9.1.2.Synthetic |
| 9.2. Type Of Additive Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Enzymes, |
| 9.2.2.Sweeteners, |
| 9.2.3.Emulsifiers, |
| 9.2.4.Shelf life Stabilizers, |
| 9.2.5.Flavors and Enhancers, |
| 9.2.6.Others |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Bakery & Confectionary Additives, |
| 9.3.2.Dietary & Milk Additives, |
| 9.3.3.Beverage Additives, |
| 9.3.4.Diary & Milk Additives, |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Food Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Natural, |
| 10.1.2.Synthetic |
| 10.2. Type Of Additive Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Enzymes, |
| 10.2.2.Sweeteners, |
| 10.2.3.Emulsifiers, |
| 10.2.4.Shelf life Stabilizers, |
| 10.2.5.Flavors and Enhancers, |
| 10.2.6.Others |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Bakery & Confectionary Additives, |
| 10.3.2.Dietary & Milk Additives, |
| 10.3.3.Beverage Additives, |
| 10.3.4.Diary & Milk Additives, |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Food Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Natural, |
| 11.1.2.Synthetic |
| 11.2. Type Of Additive Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Enzymes, |
| 11.2.2.Sweeteners, |
| 11.2.3.Emulsifiers, |
| 11.2.4.Shelf life Stabilizers, |
| 11.2.5.Flavors and Enhancers, |
| 11.2.6.Others |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Bakery & Confectionary Additives, |
| 11.3.2.Dietary & Milk Additives, |
| 11.3.3.Beverage Additives, |
| 11.3.4.Diary & Milk Additives, |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Food Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Natural, |
| 12.1.2.Synthetic |
| 12.2. Type Of Additive Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Enzymes, |
| 12.2.2.Sweeteners, |
| 12.2.3.Emulsifiers, |
| 12.2.4.Shelf life Stabilizers, |
| 12.2.5.Flavors and Enhancers, |
| 12.2.6.Others |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Bakery & Confectionary Additives, |
| 12.3.2.Dietary & Milk Additives, |
| 12.3.3.Beverage Additives, |
| 12.3.4.Diary & Milk Additives, |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Food Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Natural, |
| 13.1.2.Synthetic |
| 13.2. Type Of Additive Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Enzymes, |
| 13.2.2.Sweeteners, |
| 13.2.3.Emulsifiers, |
| 13.2.4.Shelf life Stabilizers, |
| 13.2.5.Flavors and Enhancers, |
| 13.2.6.Others |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Bakery & Confectionary Additives, |
| 13.3.2.Dietary & Milk Additives, |
| 13.3.3.Beverage Additives, |
| 13.3.4.Diary & Milk Additives, |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Cargill Incorporated (U.S.) |
| 14.2.2.BASF SE (Germany) |
| 14.2.3.Kerry Group Plc (Ireland) |
| 14.2.4.CHR. Hansen Holding A/S (Denmark) |
| 14.2.5.Brenntag AG (Germany) |
| 14.2.6.Givaudan (Switzerland) |
| 14.2.7.Archer Daniels Midland Company (U.S.) |
| 14.2.8.International Flavors & Fragrances, Inc. (U.S.) |
| 14.2.9.E.I. DuPont (U.S.) |
| 14.2.10.Novozymes (Denmark) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.