Global Food Additives Market Overview
The Global Food Additives Market size is expected to grow from USD 51.7 billion in 2023 to USD 83.71 billion by 2032, at a CAGR of 5.5% during the forecast period (2024-2032).
- Food additive refers to any of various natural or synthetic substances added to foods to produce specific desirable effects. Additives such as colorants, flavors, sweeteners, preservatives and others to add in food products or beverages to increase their shelf life, taste, smell, and texture. Moreover, food additives can be produced from plants, animals, minerals, or they can be synthetic and easily available at cheap cost, which gives manufacturers a cost advantage. Furthermore, natural additives require fewer processing than synthetic sources and provide nutritional benefits which leads the market growth during forecast period. For instance, about 15% of bakeries and 23% of dairy and candy are using food additives in Asia-Pacific region. However, food additives need to be checked for potential harmful effects on human health before they can be used and the Joint FAO/WHO Expert Committee on Food Additives (JECFA), is the international body accountable for evaluating the safety of food additives.
Market Dynamics And Factors
Drivers:
- Rising the various range of food additives in a different application such as bakery, dairy products, meat and seafood, and others, which are being demanded by the consumers, is boosting the demand for different types of additives. In addition, there has been an increase in the number of propels demanding the processed and canned foods along with ready to eat and ready to cook varieties, which is being caused as a result of majority of the population getting busier in their work lives and have limited peace of time which leads to a spur in the market growth in projected period.
- The growing consumers demand for high-value nutritional and exotic tasting products is affecting manufacturers to use ingredients that enrich the consumer experience is driving the demand for acidulated foods additives essential in the global food additive market. Rising urbanization and disposable incomes and leading a healthy lifestyle among populations are fueling the demand for the food additives market. The tendency of the individuals to spend on premium products and nutritional product due to their health benefits in order to stay fit and healthy is being facilitated and contributing to the market growth further.
Restraints:
- The health hazards related with the consumption of synthetic additives, rising consumer demand for no additive food products or products with natural additives, scanty availability & high cost of naturally sourced additives, and the rising consumer shift to organic foods have resulted in hampering market growth during forecast period.
Opportunities:
- Innovative advances in food additives and continuous R&D efforts are anticipated to open up growth opportunities for leading manufactures operating in the global market in upcoming years.
Market Segmentation
Regional Analysis:
In Asia Pacific region dominate the food additive market owing to high population, availability of natural food additives, growing demand for food preservatives, rising awareness of food safety and increasing consumption for food safety which leads to market growth over forecast period.
- In North America, consumer preferences shifted toward healthy food ingredients in their food products. The frequency of obesity and diabetes in the region encourage the consumers to focus on an improved lifestyle. In addition, growing demand from various end-user industries, such as processed food, nutraceutical, and consumer good in the US country, is the major factor that is expected stimulate the market growth.
- In European countries the high demand of functional food products, owing to their fortified, enhanced food qualities, is ultimately leading to the high demand of ingredients by in the market. Moreover, an increasing demand for retail foods attributed by the growing retail chains in the region has also fueled to the market growth over forecast period.
- In Latin America, increasing health awareness regarding organic food and ingredients, rising disposal income are key factor that helps to boost market growth over forecast period. In Middle East and Africa, growing supply chain complexities in the food and beverage sector leads the market growth and expected to continue in upcoming years, but lack of raw materials and innovation in food and beverage industry in region hamper the market growth.
Players Covered in Food Additives Market are:
- DuPont
- Archer Danial Midland (ADM) Company
- CHR Hansen Holding A/S
- BASF SE
- Cargill Incorporated
- Kerry Group Plc.
- Ashland Inc.
- Tate and Lyle Inc.
- Corbion NV
- Royal DSM NV
- Red Arrow International Inc.
- McCormick and Company inc.
- Associated British Food Plc.
- International Flavors and Fragrance Inc. and other major players.
Key Industry Developments
-
March 2024, BASF announced the launch of Natural Beta-caryophyllene 80, an innovative addition to its Isobionics portfolio. This natural flavor product features an aromatic profile characterized by herbaceous notes, complemented by hints of green parsley, black pepper, grapefruit, and a subtle touch of clary sage. Designed to meet the evolving needs of the flavor and fragrance industry, Natural Beta-caryophyllene 80 highlights BASF's commitment to delivering high-quality, nature-inspired solutions.
-
In May 2023, The National Health Commission of the People's Republic of China (NHC) issued an announcement approving 14 products under the “Three New Foods” category. The approvals included two new food raw materials, six new food additives, and six food-related products. This step aimed to promote innovation and enhance food safety standards. The NHC’s announcement underscored its commitment to regulating the food industry by ensuring compliance with scientific and safety benchmarks.
Food Additives Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 51.7 Bn. |
Forecast Period 2024-32 CAGR: |
5.5% |
Market Size in 2032: |
USD 83.71 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Source |
|
||
By Distribution Channels |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
3.3 By Source
3.4 By Distribution Channels
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Food Additives Market by Type
5.1 Food Additives Market Overview Snapshot and Growth Engine
5.2 Food Additives Market Overview
5.3 Acidulants
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Acidulants: Grographic Segmentation
5.4 Colors
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Colors: Grographic Segmentation
5.5 Emulsifiers
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Emulsifiers: Grographic Segmentation
5.6 Flavors
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Flavors: Grographic Segmentation
5.7 Sweeteners
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Sweeteners: Grographic Segmentation
5.8 Others
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others: Grographic Segmentation
Chapter 6: Food Additives Market by Application
6.1 Food Additives Market Overview Snapshot and Growth Engine
6.2 Food Additives Market Overview
6.3 Food & Beverages
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Food & Beverages: Grographic Segmentation
6.4 Diary & Frozen Products
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Diary & Frozen Products: Grographic Segmentation
6.5 Bakery & Confectionary
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Bakery & Confectionary: Grographic Segmentation
6.6 Spices & Condiments
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Spices & Condiments: Grographic Segmentation
6.7 Sauces & Dressings
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Sauces & Dressings: Grographic Segmentation
6.8 Convenience Foods
6.8.1 Introduction and Market Overview
6.8.2 Historic and Forecasted Market Size (2017-2032F)
6.8.3 Key Market Trends, Growth Factors and Opportunities
6.8.4 Convenience Foods: Grographic Segmentation
6.9 Others
6.9.1 Introduction and Market Overview
6.9.2 Historic and Forecasted Market Size (2017-2032F)
6.9.3 Key Market Trends, Growth Factors and Opportunities
6.9.4 Others: Grographic Segmentation
Chapter 7: Food Additives Market by Source
7.1 Food Additives Market Overview Snapshot and Growth Engine
7.2 Food Additives Market Overview
7.3 Natural
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Natural: Grographic Segmentation
7.4 Synthetic
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Synthetic: Grographic Segmentation
Chapter 8: Food Additives Market by Distribution Channels
8.1 Food Additives Market Overview Snapshot and Growth Engine
8.2 Food Additives Market Overview
8.3 Specialty Store
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2017-2032F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Specialty Store: Grographic Segmentation
8.4 Supermarket/Hypermarket
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2017-2032F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Supermarket/Hypermarket: Grographic Segmentation
8.5 Online
8.5.1 Introduction and Market Overview
8.5.2 Historic and Forecasted Market Size (2017-2032F)
8.5.3 Key Market Trends, Growth Factors and Opportunities
8.5.4 Online: Grographic Segmentation
8.6 Others
8.6.1 Introduction and Market Overview
8.6.2 Historic and Forecasted Market Size (2017-2032F)
8.6.3 Key Market Trends, Growth Factors and Opportunities
8.6.4 Others: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Food Additives Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Ansoff Matrix
9.1.5 Food Additives Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Food Additives Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 DUPONT
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 ARCHER DANIAL MIDLAND (ADM) COMPANY
9.4 CHR HANSEN HOLDING A/S
9.5 BASF SE
9.6 CARGILL INCORPORATED
9.7 KERRY GROUP PLC.
9.8 ASHLAND INC.
9.9 TATE AND LYLE INC.
9.10 CORBION NV
9.11 ROYAL DSM NV
9.12 RED ARROW INTERNATIONAL INC.
9.13 MCCORMICK AND COMPANY INC.
9.14 ASSOCIATED BRITISH FOOD PLC.
9.15 INTERNATIONAL FLAVORS AND FRAGRANCE INC.
9.16 OTHER MAJOR PLAYERS
Chapter 10: Global Food Additives Market Analysis, Insights and Forecast, 2017-2032
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Type
10.2.1 Acidulants
10.2.2 Colors
10.2.3 Emulsifiers
10.2.4 Flavors
10.2.5 Sweeteners
10.2.6 Others
10.3 Historic and Forecasted Market Size By Application
10.3.1 Food & Beverages
10.3.2 Diary & Frozen Products
10.3.3 Bakery & Confectionary
10.3.4 Spices & Condiments
10.3.5 Sauces & Dressings
10.3.6 Convenience Foods
10.3.7 Others
10.4 Historic and Forecasted Market Size By Source
10.4.1 Natural
10.4.2 Synthetic
10.5 Historic and Forecasted Market Size By Distribution Channels
10.5.1 Specialty Store
10.5.2 Supermarket/Hypermarket
10.5.3 Online
10.5.4 Others
Chapter 11: North America Food Additives Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Acidulants
11.4.2 Colors
11.4.3 Emulsifiers
11.4.4 Flavors
11.4.5 Sweeteners
11.4.6 Others
11.5 Historic and Forecasted Market Size By Application
11.5.1 Food & Beverages
11.5.2 Diary & Frozen Products
11.5.3 Bakery & Confectionary
11.5.4 Spices & Condiments
11.5.5 Sauces & Dressings
11.5.6 Convenience Foods
11.5.7 Others
11.6 Historic and Forecasted Market Size By Source
11.6.1 Natural
11.6.2 Synthetic
11.7 Historic and Forecasted Market Size By Distribution Channels
11.7.1 Specialty Store
11.7.2 Supermarket/Hypermarket
11.7.3 Online
11.7.4 Others
11.8 Historic and Forecast Market Size by Country
11.8.1 U.S.
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Europe Food Additives Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Acidulants
12.4.2 Colors
12.4.3 Emulsifiers
12.4.4 Flavors
12.4.5 Sweeteners
12.4.6 Others
12.5 Historic and Forecasted Market Size By Application
12.5.1 Food & Beverages
12.5.2 Diary & Frozen Products
12.5.3 Bakery & Confectionary
12.5.4 Spices & Condiments
12.5.5 Sauces & Dressings
12.5.6 Convenience Foods
12.5.7 Others
12.6 Historic and Forecasted Market Size By Source
12.6.1 Natural
12.6.2 Synthetic
12.7 Historic and Forecasted Market Size By Distribution Channels
12.7.1 Specialty Store
12.7.2 Supermarket/Hypermarket
12.7.3 Online
12.7.4 Others
12.8 Historic and Forecast Market Size by Country
12.8.1 Germany
12.8.2 U.K.
12.8.3 France
12.8.4 Italy
12.8.5 Russia
12.8.6 Spain
12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Food Additives Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Acidulants
13.4.2 Colors
13.4.3 Emulsifiers
13.4.4 Flavors
13.4.5 Sweeteners
13.4.6 Others
13.5 Historic and Forecasted Market Size By Application
13.5.1 Food & Beverages
13.5.2 Diary & Frozen Products
13.5.3 Bakery & Confectionary
13.5.4 Spices & Condiments
13.5.5 Sauces & Dressings
13.5.6 Convenience Foods
13.5.7 Others
13.6 Historic and Forecasted Market Size By Source
13.6.1 Natural
13.6.2 Synthetic
13.7 Historic and Forecasted Market Size By Distribution Channels
13.7.1 Specialty Store
13.7.2 Supermarket/Hypermarket
13.7.3 Online
13.7.4 Others
13.8 Historic and Forecast Market Size by Country
13.8.1 China
13.8.2 India
13.8.3 Japan
13.8.4 Singapore
13.8.5 Australia
13.8.6 New Zealand
13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Food Additives Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Acidulants
14.4.2 Colors
14.4.3 Emulsifiers
14.4.4 Flavors
14.4.5 Sweeteners
14.4.6 Others
14.5 Historic and Forecasted Market Size By Application
14.5.1 Food & Beverages
14.5.2 Diary & Frozen Products
14.5.3 Bakery & Confectionary
14.5.4 Spices & Condiments
14.5.5 Sauces & Dressings
14.5.6 Convenience Foods
14.5.7 Others
14.6 Historic and Forecasted Market Size By Source
14.6.1 Natural
14.6.2 Synthetic
14.7 Historic and Forecasted Market Size By Distribution Channels
14.7.1 Specialty Store
14.7.2 Supermarket/Hypermarket
14.7.3 Online
14.7.4 Others
14.8 Historic and Forecast Market Size by Country
14.8.1 Turkey
14.8.2 Saudi Arabia
14.8.3 Iran
14.8.4 UAE
14.8.5 Africa
14.8.6 Rest of MEA
Chapter 15: South America Food Additives Market Analysis, Insights and Forecast, 2017-2032
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Type
15.4.1 Acidulants
15.4.2 Colors
15.4.3 Emulsifiers
15.4.4 Flavors
15.4.5 Sweeteners
15.4.6 Others
15.5 Historic and Forecasted Market Size By Application
15.5.1 Food & Beverages
15.5.2 Diary & Frozen Products
15.5.3 Bakery & Confectionary
15.5.4 Spices & Condiments
15.5.5 Sauces & Dressings
15.5.6 Convenience Foods
15.5.7 Others
15.6 Historic and Forecasted Market Size By Source
15.6.1 Natural
15.6.2 Synthetic
15.7 Historic and Forecasted Market Size By Distribution Channels
15.7.1 Specialty Store
15.7.2 Supermarket/Hypermarket
15.7.3 Online
15.7.4 Others
15.8 Historic and Forecast Market Size by Country
15.8.1 Brazil
15.8.2 Argentina
15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Food Additives Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 51.7 Bn. |
Forecast Period 2024-32 CAGR: |
5.5% |
Market Size in 2032: |
USD 83.71 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Source |
|
||
By Distribution Channels |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Food Additives Market research report is 2024-2032.
DuPont, Archer Danial Midland (ADM) Company, CHR Hansen Holding A/S, BASF SE, Cargill Incorporated, Kerry Group Plc., Ashland Inc., Tate and Lyle Inc., Corbion NV, Royal DSM NV, Red Arrow International Inc., McCormick and Company inc., Associated British Food Plc., International Flavors and Fragrance Inc, and Other Major Players.
Food Additives Market is segmented into Type, Application, Source, Distribution Channels and region. By Type, the market is categorized into Acidulants, Colors, Emulsifiers, Flavors, Sweeteners, Others. By Application, the market is categorized into Food & Beverages, Diary & Frozen Products, Bakery & Confectionary, Spices & Condiments, Sauces & Dressings, Convenience Foods, Others. By Source the market is categorized into Natural, Synthetic. By Distribution Channel, the market is categorized into Specialty Store, Supermarket/Hypermarket, Online, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Food additive refers to any of various natural or synthetic substances added to foods to produce specific desirable effects. Additives such as colorants, flavors, sweeteners, preservatives and others to add in food products or beverages to increase their shelf life, taste, smell, and texture.
The Global Food Additives Market size is expected to grow from USD 51.7 billion in 2023 to USD 83.71 billion by 2032, at a CAGR of 5.5% during the forecast period (2024-2032).