Food Additives Market, By Source, By Product Type, By Application, By Geography

Description

The food additives market is estimated to be valued at USD 120.75 Bn in 2024 and is expected to reach USD 176.83 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 120.75 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.60%	2031 Value Projection:	US$ 176.83 Bn

Figure. Food Additives Market Share (%), By Region 2024

The global food additives market has witnessed substantial growth over the past few decades. Food additives refer to any synthetic or natural substance that is added intentionally to food to preserve flavor or enhance its taste and appearance. They play a vital role in maintaining or improving the quality of food products. The increasing demand for convenience and packaged foods has propelled the need for food additives to increase shelf life and preserve nutrients. Moreover, rising health-consciousness among consumers has boosted the demand for clean-label and natural food ingredients. Various technologies enabling minimal processing along with additives help retain natural qualities of fresh foods. The growing food processing industry, coupled with rapid urbanization globally, has augmented the market demand for food additives over the years.

Market Dynamics:

The global food additives market is driven by various factors such as growing demand for convenience and packaged foods, rising health-consciousness among consumers, increasing food processing industry, and rapid urbanization. However, stringent food safety regulations imposed on food additives and the availability of substitutes hamper the market growth. Moreover, the COVID-19 pandemic disrupted the supply chain and manufacturing of food additives in 2020. The market players experienced initial slowdown. Nevertheless, growing demand for immunity-boosting and nutritious foods opened lucrative opportunities. Market players are investing in R&D to develop clean-label, natural, and organic food additives.

Key Features of the Study:

This report provides in-depth analysis of the global food additives market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It details potential revenue opportunities across various segments and highlights lucrative segments for investments
This study also provides insights about key drivers, restraints, opportunities, product launches, market trends, and strategies adopted by key players
It profiles leading players in the market like Cargill Incorporated, ADM, Chr. Hansen Holding A/S, Ingredion Incorporated, Novozymes A/S, Tate & Lyle Plc, Ajinomoto Co., Inc, Cargill, Incorporated, BASF SE, Givaudan, International Flavors & Fragrances, Inc., Biospringer, Palsgaard, Lonza, Sensient Technologies Corporation, Kerry, Corbion, Fooding Group Limited, and DuPont
Insights help marketers and management authorities make informed decisions regarding future product launches, upgrades, expansions, and marketing strategies
The report caters to stakeholders like investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders can make decisions using various strategy matrices provided in the report to analyze the food additives market

Detailed Segmentation-

By Source:
- Natural
- Synthetic
By Product Type:
- Acidity Regulators
- Colorants
- Emulsifiers
- Enzymes
- Hydrocolloids
- Flavoring Agents
- Preservatives
- Sweeteners
- Others
By Application:
- Bakery & confectionery
- Beverages
- Convenience Foods
- Dairy & Frozen Desserts
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Cargill Incorporated
- ADM
- Chr. Hansen Holding A/S
- Ingredion Incorporated
- Novozymes A/S
- Tate & Lyle Plc
- Ajinomoto Co., Inc
- Cargill, Incorporated
- BASF SE
- Givaudan
- International Flavors & Fragrances, Inc.
- Biospringer
- Palsgaard
- Lonza
- Sensient Technologies Corporation
- Kerry
- Corbion
- Fooding Group Limited
- DuPont

Product Code: CMI366

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Source
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Food Additives Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Food Additives Market
Impact Analysis

5. Global Food Additives Market, By Source, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Natural
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Synthetic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Food Additives Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Acidity Regulators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Colorants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Emulsifiers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Enzymes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Hydrocolloids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Flavoring Agents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Preservatives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Sweeteners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Food Additives Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Bakery & confectionery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Convenience Foods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Dairy & Frozen Desserts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Food Additives Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Cargill Incorporated
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- ADM
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- Chr. Hansen Holding A/S
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- Ingredion Incorporated
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- Novozymes A/S
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- Tate & Lyle Plc
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- Ajinomoto Co., Inc
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- Cargill, Incorporated
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- Givaudan
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- International Flavors & Fragrances, Inc.
  - Company Overview
  - Source Portfolio
  - Recent Developments/Updates
- Biospringer
- Palsgaard
- Lonza
- Sensient Technologies Corporation
- Kerry
- Corbion
- Fooding Group Limited
- DuPont

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Food Additives Market" - Global forecast to 2031.