PUBLISHER: IMARC | PRODUCT CODE: 1347718
PUBLISHER: IMARC | PRODUCT CODE: 1347718
The global food additives market size reached US$ 56.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.49% during 2023-2028.
Food additives refer to various edible substances that are added to food products to improve their color, appearance, texture and shelf-life. Edible colors, flavors, enzymes, hydrocolloids and preservatives are some of the most commonly available types of food additives that can be produced artificially or derived from natural sources, such as plants, animals and minerals. They are usually added to products, such as baked goods, desserts, soups, sauces and baby food to prevent microbial growth and contamination, while increasing the overall shelf-life.
The growing food and beverages industry, along with rapid urbanization across the globe, represent as the key factors driving the growth of the market. In line with this, changing dietary preferences and hectic schedules of the consumers have led to the rising demand for convenience food products that use food additives as a key ingredient. Furthermore, widespread adoption of organic products has further enhanced the demand for food additives manufactured using natural sources. Resulting from the rising health consciousness, consumers are opting for organic preservatives, flavoring agents, colorants, stevia-based sweeteners and extracts that have no adverse effects on the health. Additionally, the growing number of quick-service restaurants (QSRs) and emerging cafe culture, especially in the developing nations, are also creating a positive impact on the market. Other factors, including the launch of innovative product variants in numerous flavors, advancements in the processing technologies and extensive research and development (R&D) activities, are projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global food additives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, source and application.
Colorants
Synthetic Food Colorants
Natural Food Colorants
Emulsifiers
Mono, Di-glycerides & Derivatives
Lecithin
Sorbate Esters
Enzymes
Carbohydrase
Protease
Lipase
Fat Replacers
Protein
Starch
Others
Flavors and Enhancers
Natural Flavors
Artificial Flavors & Enhancers
Shelf-life Stabilizers
Sweeteners
HIS
HFCS
Others
Others
Natural
Synthetic
Bakery & Confectionery
Beverages
Convenience Foods
Dairy & Frozen Desserts
Spices, Condiments, Sauces & Dressings
Others
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Ajinomoto Co. Inc., Archer Daniels Midland, BASF SE, Cargill Incorporated, Chr. Hansen A/S, Corbion N.V., Dow Chemical Company, Eastman Chemical Company, Givaudan, Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., Novozymes A/S, Tate & Lyle, etc.