Food Additives Global Market Report 2023

“Food Additives Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on food additives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for food additives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The food additives market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Preservatives; Bulk Sweeteners; Sugar Substitutes; Emulsifiers; Anti-Caking Agents; Enzymes; Food Flavors; Food Colorants; Acidulants

• 2) By Source: Synthetic; Natural

• 3) By Application: Beverages; Bakery; Confectionery; Sauces And Dressings; Dairy; Other Applications

• Companies Mentioned: Ajinomoto Co Inc.; Archer Daniels Midland Company; BASF SE; Cargill Incorporated; Chr. Hansen Holding A/S

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the food additives market are Ajinomoto Co Inc., Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Chr. Hansen Holding A/S, Givuadan SA, Ingredion Incorporated, Kerry Group Plc., Tate & Lyle Plc., Novozymes A/S, Koninklijke DSM N.V., E. I. Du Pont de Nemours and Company, Evonik Industries AG, Lonza Group AG, and Corbion N.V.

The global food additives market is expected to grow from $45.76 billion in 2022 to $48.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The food additives market is expected to grow to $59.72 billion in 2027 at a CAGR of 5.4%.

The food additives market consists of sales of food additives used in products such as baked goods, desserts, soups, sauces, and baby food to prevent microbial growth and contamination while also increasing shelf life. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Food additives are edible substances that are added to foods to improve their color, appearance, texture, and shelf-life. Food additives can be produced artificially or derived from natural sources such as plants, animals, and minerals.

Asia-Pacific was the largest region in the food additives market in 2022. The regions covered in the food additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main products of food additives are preservatives, bulk sweeteners, sugar substitutes, emulsifiers, anti-caking agents, enzymes, food flavors food colorants, and acidulants. Food preservatives are used to prevent spoilage caused by bacteria, molds, fungi, and yeast. The various sources are synthetic and natural that are used for beverages, bakery, confectionery, sauces and dressings, dairy, and other applications.

Increasing consumption of ready-to-eat food is expected to propel the growth of the food additives market going forward. Food that is in a form that may be eaten without cleaning, cooking, or additional preparation on the part of the eatery or the consumer is referred to as "ready-to-eat" food. Ready-to-eat foods use a variety of natural and artificial preservatives to reduce the likelihood of spoilage due to microbial reactions and to improve food quality. For instance, according to a survey commissioned in 2020 by Assocham (Associated Chamber of Commerce and Industry of India), an India-based non-governmental trade association and advocacy group, due to lack of time for work, approximately 79% of Indian households prefer instant food. Therefore, increasing consumption of ready-to-eat food is expected to propel the growth of the food additives market going forward.

Product innovations are a key trend gaining popularity in the food additives market. Major companies operating in the food additives market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2022, Lifeasible, a US-based biotechnology company launched nine new sweetener products under its food additives product line, for helping researchers to create more types of healthier foods. The new sweetener products launched by Lifeasible include Regular Stevia (80% -98%), Rebaudioside A, Rebaudioside E, Enzymatically Modified Stevia (EMS), Healthy ready-to-eat sugar, Sucralose, Xylitol, Erythritol, and Sorbitol. A sweetener is a material that is added to food or beverages to give them a sweet flavor, either because it actually contains sugar or a sugar substitute that has been sweetened. Artificial sweeteners are now widely utilized in processed foods and beverages that are made commercially. There are also some organic, non-sugar sweeteners, like the glycyrrhizin in licorice.

In June 2021, Kerry Group, an Ireland-based public food company acquired Niacet Corporation for approximately $1 billion. This acquisition is expected to complement the clean label focus of Kerry Group by expanding its product portfolio to conventional organic acids, vinegar-based preservation technologies, and drying and granulation processes and enhance its leadership position in the food additives market. Niacet Corporation is a US-based company that produces food additives and preservatives.

The countries covered in the food additives market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The food additives market research report is one of a series of new reports from The Business Research Company that provides food additives market statistics, including food additives industry global market size, regional shares, competitors with food additives market share, detailed food additives market segments, market trends, and opportunities, and any further data you may need to thrive in the food additives industry. This food additives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.