Food Additives Market Size To Reach $169.22 Billion By 2030

Food Additives Market Growth & Trends

The global food additives market is anticipated to reach USD 169.22 billion by 2030 and is projected to grow at a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The expansion of key end-use industries, such as bakery & confectionery, beverages, dairy, and convenience foods, along with the growing penetration of organized sector and e-retail, is driving the market growth.

Additives are used to enhance the taste and appearance of food and beverages, along with increasing their nutritional content. These ingredients improve the stability and extend the shelf-life of food products and beverages. Several additives such as emulsifiers and starches are used to alter the viscosity and texture of items that help in modifying their sensory properties and provide improved mouthfeel to the consumers.

The food & beverage manufacturers have been focusing on new product offering in order to gain competitive advantage in the market. These players are focusing on well-differentiated products to meet the demand for innovative products in the market. For instance, in June 2023, T. Hasegawa USA introduced HASEAROMA, and ChefAroma, two innovative flavor enhancer technologies that are expected to help in the production of authentic-tasting food and beverage products.

Changes in weather conditions, planting methods, and government programs and policies affect the availability of agricultural produce, thereby impacting the prices of raw materials used for food additives. Factors such as variations in global temperatures, weather conditions, and precipitation patterns, changes in growing and harvesting conditions, and the occurrence of natural disasters, such as floods, wildfires, droughts, and water scarcity, negatively impact natural products such as fruits and flowers. Limited availability of raw materials and fluctuations in their prices are expected to hamper the market growth across the world during the forecast period.

The demand for food additives in Europe is expected to increase over the forecast period owing to the presence of a well-established bakery & confectionery industry in the region, coupled with growing consumer demand for bakery products and confectionery. ageing population and increasing focus on health, consumers in Europe are looking for healthy alternatives such as organic, fresh, added-value, artisanal, and ethnic baked items. Products with tags such as gluten-free, dairy-free, lactose-free, soy-free, and low-fat are gaining traction in the market in Europe which is driving the growth of the bakery food industry in the region and is promoting the use of safe food additives.

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Food Additives Market Report Highlights

• Based on product, the prebiotics segment witness the fastest CAGR of 7.5% during the forecast period, owing to surged demand for prebiotics and growing consumer awareness regarding the maintenance of gut health and good immunity

• Based on source, the natural source segment witness the fastest CAGR of 5.9% during the forecast period, due to the rising demand for environment-friendly products among consumers

• In terms of application, the convenience foods segment witnessed the fastest CAGR of 6.2% over the forecast period, due to a surge in demand for packaged food items that can be consumed on the go in the current busy lifestyle

• The Asia Pacific region witnessed the fastest CAGR of 6.2% during the forecast period, due to the presence of a large consumer base and end-use industries. Another major factor for the growth in the region includes availability of raw materials and substantial capacity for the production of various food & beverage products

Food Additives Market Segmentation

Grand View Research has segmented the global food additives market report based on the product, source, application, and region:

Food Additives Product Outlook (Revenue, USD Million; 2018 - 2030)

• Flavors & Enhancers

• Sweeteners

• Enzymes

• Emulsifiers

• Shelf-life Stabilizers

• Fat Replacers

• Prebiotics

• Probiotics

• Dietary Fibers

• Others

Food Additives Source Outlook (Revenue, USD Million; 2018 - 2030)

• Natural

• Synthetic

Food Additives Application Outlook (Revenue, USD Million; 2018 - 2030)

• Bakery & confectionery

• Beverages

• Convenience foods

• Dairy & Frozen Desserts

• Spices

• Condiments

• Sauces & Dressings

• Others

Regional Outlook (Revenue, USD Million; 2018 - 2030)

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• North America

  • U.S.

  • Canada

  • Mexico

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Food Additives Market Include

• BASF SE

• ADM

• Chr. Hansen Holding A/S

• Ingredion Incorporated

• Novozymes A/S

• Tate & Lyle Plc

• DSM

• Ajinomoto Co., Inc

• Cargill, Incorporated

• BASF SE

• Givaudan

• International Flavors & Fragrances, Inc.

• Biospringer

• Palsgaard

• Lonza

• Sensient Technologies Corporation

• Kerry

• Corbion

• Fooding Group Limited

• DuPont

• The Kraft Heinz Company