Food Additives Market | 360iResearch
The “Food Additives Market by Type (Antioxidants, Colorants, Emulsifiers), Source (Natural, Synthetic), Form, Application – Global Forecast 2024-2030” report has been added to the offering by 360iResearch.com.
The Global Food Additives Market to grow from USD 64.74 billion in 2023 to USD 94.16 billion by 2030, at a CAGR of 5.49%.
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Food additives are substances added to food to maintain or improve its safety, freshness, taste, texture, or appearance. These additives have a wide range of functions in the food industry, and they are rigorously tested and controlled to ensure their safety for human consumption. Additives can be obtained from natural sources or created synthetically, and common categories include preservatives, colorants, flavor enhancers, and nutrients. Shifting consumer demand towards processed and convenience foods is driving the growth of the food additives market. Additionally, the growing use of food additives in quick-service restaurants, cafes, and fast-food chains has led to a surge in the consumption of food additives. In addition, emerging plant-based and alternative protein products are creating a need for innovative additives to enhance texture, stability, and flavor, opening new avenues for growth. However, the loss of nutritive value caused by food additives and palatability issues may hinder the use of food additives. Furthermore, strict regulatory guidelines and the need for transparency in labeling pose obstacles. However, major players are developing additives from natural sources to meet consumer demands for clean label products and improve the palatability and nutritional value of food products. Furthermore, research into additives that provide additional health benefits, such as probiotics or those with an improved nutritional profile, may provide new opportunities for industry growth.
The Americas region, particularly the US and Canada, has a high consumption rate of processed foods and food additives, and there is a notable shift toward natural and organic additives, driven by consumer awareness and desire for a healthier lifestyle. The US Food and Drug Administration (FDA) plays a major role in regulating the market, focusing on reducing certain additives such as trans fats. Europe presents a highly regulated environment for food additives, with strict safety testing carried out by the European Food Safety Authority (EFSA) prior to approval. European consumers are increasingly health conscious and environmentally aware, driving the demand for natural additives and functional ingredients. The demand for food additives in the APAC region is expanding rapidly due to high economic growth, increasing urbanization, and changes in food consumption patterns. APAC is a key region for flavor enhancers and colorants, partly due to its diverse culinary culture that relies heavily on distinctive flavors and colorful presentations. Additionally, innovation in the region is driven by the blending of traditional insights with modern food processing technologies.
Market Segmentation and Scope:
This research report categorizes the Food Additives Market to forecast revenues and analyze trends in each of the following sub-markets:
Based on Type, the market is studied into Antioxidants, Colorants, Emulsifiers, Flavor Enhancers, Preservatives, Sweeteners, and Texture Enhancers. Preservatives commanded the largest market share of 18.44% in 2023, followed by Colorants.
On the basis of Source, the market is studied into Natural and Synthetic. Synthetic commanded the largest market share of 67.50% in 2023, followed by Natural.
On the basis of Form, the market is studied in Dry and Liquid. Dry commanded the largest market share of 58.06% in 2023, followed by Liquid.
Based on Application, the market is studied across Bakery & Confectionery, Beverages, Convenience Foods, and Dairy & Frozen Desserts. Convenience Foods commanded the largest market share of 30.85% in 2023, followed by Bakery & Confectionery.
Based on Region, the market is studied across the Americas, Asia-Pacific, and Europe, Middle East and Africa. The Americas are further studied across Argentina, Brazil, Canada, Mexico, and the United States. The United States is most studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. Asia-Pacific is largely studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East, and Africa are further studied in Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden , Switzerland, Turkey , United Arab Emirates, and United Kingdom. Europe, Middle East and Africa commanded the largest market share of 38.12% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Food Additives Market. It provides a comprehensive analysis of vendors by analyzing key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis organizes these vendors into four distinct quadrants, representing different levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
Market Share Analysis offers an insightful view of the current state of vendors in the Food Additives Market. By comparing vendor contributions to total revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they’re up against when competing for share of market. The analysis also sheds light on how competitive any particular sector is in terms of accumulation, fragmentation dominance, and consolidation characteristics during the base year studied.
Key Company Profiles:
The report reflects the recent significant developments in the Food Additives Market, highlighting the leading vendors and their innovative profiles. These include Ajinomoto Co., Inc., Amyris, Inc., Archer Daniels Midland Company, Ashland Inc., Associated British Foods PLC, Azelis Group, BASF SE, Brenntag SE, Cabot Corporation, Cargill Incorporated, Chr. Hansen Holding A/S, Corbion NV, DuPont de Nemours, Inc., Döhler GmbH, Eastman Chemical Company, Evonik Industries AG, Fooding Group Limited, Givaudan SA, Gogia Chemical Industries Private Limited, Ingredion Incorporated, International Flavors & Fragrances Inc., Jubilant Ingrevia Limited, Kaneka Corporation, Kerry Group PLC, Koninklijke DSM NV, Lesaffre & Cie, Merck KGaA, Mitsubishi Chemical Corporation, Novozymes A/S, Omya International AG, Palsgaard A/S, PPG Industries, Inc., Puratos NV/SA , Roquette Frères SA, Sensient Technologies Corporation, Solvay SA, Sonarome of The Robertet Group, Tate & Lyle PLC, The Symrise Group, Umiami SAS, and Vantage Group.
Main Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Food Additives Market, by Type
7. Food Additives Market, by Source
8. Food Additives Market, according to Form
9. Food Additives Market, by Application
10. Americas Food Additives Market
11. Asia-Pacific Food Additives Market
12. Europe, Middle East and Africa Food Additives Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights into the following pointers:
1. Market Penetration: Provides comprehensive market information offered by major players
2. Market Development: Provides in-depth information about profitable emerging markets and analyzes penetration in mature market segments
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides a complete assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players
5. Product Development and Innovation: Provides insight into future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Food Additives Market?
2. Which are the products/segments/applications/areas to invest in during the forecast period in the Food Additives Market?
3. What is the competitive strategic window for opportunities in the Food Additives Market?
4. What are the technological trends and regulatory frameworks in the Food Additives Market?
5. What is the market share of the top vendors in the Food Additives Market?
6. What modes and strategic steps are considered suitable for entering the Food Additives Market?
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