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Food Additives Market Size, Share Global Analysis Report, 2023 – 2030
Food Additives Market Size, Share, Growth Analysis Report By Product Type (Acidity Regulators, Emulsifiers, Flavoring Agents, Sweeteners, Preservatives, Colorants, and Hydrocolloids), By Source (Natural and Synthetic), By Application (Beverages, Convenience Foods, Bakery & Confectionery, Dairy & Frozen Desserts, Sauces & Dressings, and Spices & Condiments), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030
Industry Insights
[221+ Page Report] According to the report published by Facts & Factors, the global food additives market size was evaluated at $107.23 billion in 2022 and is slated to hit $170.49 billion by the end of 2030 with a CAGR of nearly 6.5% between 2023 and 2030. The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace.
The food additives industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the food additives market report explores the investor and stakeholder space to help companies make data-driven decisions.
Market Overview
Food additives are products that find a slew of applications in food items for improving food texture. According to WHO, food additives are materials that are added to food for maintaining its freshness, texture, appearance, and taste. Moreover, it also stated that the products need to be monitored for hazardous effects on the health of human beings before their use.
In addition to this, food additives declared safe by the joint FAO/WHO expert committee on food additives can only be used in various kinds of foods. Reportedly, food additives are classified into colorants, emulsifiers, hydrocolloids, acidity regulators, sweeteners, enzymes, flavoring agents, and preservatives.
Key Insights
- As per the analysis shared by our research analyst, the global food additives market is projected to expand annually at the annual growth rate of around 6.5% over the forecast timespan (2023-2030)
- In terms of revenue, the global food additives market size was evaluated at nearly $107.23 billion in 2022 and is expected to reach $170.49 billion by 2030.
- The global food additives market is anticipated to record massive growth over the forecast period owing to the large-scale use of food additives in food products for improving the sweetness, taste, and flavor of food.
- Based on the product type, the sweeteners segment is predicted to contribute majorly towards the global market share over the forecast timeline.
- In terms of source, the synthetic segment is projected to account for a major share of the global market in 2023-2030.
- On the basis of application, the bakery & confectionery segment is set to register the fastest CAGR over the period from 2023 to 2030.
- Region-wise, the European food additives market is projected to register the highest CAGR during the assessment period.
Industry Growth Factors
- Need for avoiding food wastage & maintaining its freshness to boost the global market expansion
Large-scale use of food additives in food products for improving the sweetness, taste, and flavor of food will drive the growth of the global food additives market across the globe. In addition to this, the growing need for preventing food spoilage and retaining the freshness of food products will steer the growth of the market globally. The thriving food processing industry will prompt market expansion across the globe. Citing an instance, the surging population along with a rise in the per capita expenditure of people globally has increased the intake of processed diet.
As per the Department of Agriculture in the U.S., in 2021, consumers in the U.S. made expenditures of about $ 2.12 trillion on food. This has further increased the scope of demand for food additives to improve the yield of food crops.
Furthermore, escalating demand for functional food additives with the intake of food products having high nutritive value will embellish the global food additives market trends. Reportedly, functional food additives offer a slew of health benefits as they are rich in antioxidants and key nutrients. Moreover, the ability of these products to avoid damage to cells along with reducing chronic ailment risks will propel the global market.
Restraints
- Lack of awareness about the advantages provided by food additives to impede the global industry surge
Growing health concerns related to synthetic food additives can inhibit the expansion of the global food additives industry in the ensuing years. Apparently, in the European continent, nearly 81% of customers prefer a diet devoid of artificial additives. This will further put brakes on the global industry surge. Apart from this, a low level of awareness pertaining to benefits offered by food additives among consumers of emerging economies can decimate the expansion of the global industry.
Opportunities
- The surge in the obese population to boost the global market demand over 2023-2030
Massive demand for low-fat additives will open new growth avenues for the food additives market across the globe. Reportedly, low-fat additives comprise less sugar proportion and saturated levels of fats. Moreover, the increase in cases of obesity and other lifestyle-related ailments has enhanced the popularity of low-fat additives.
Challenges
- The rise in costs of raw components is the biggest challenge for the global industry surge
Surging raw material costs and strict policies of government controlling the use of additives in various kinds of food due to health hazards will pose a big challenge in the growth path of the food additives industry across the globe. The humungous trend of using natural products & flavors in food for preserving it as well as retaining its nutritive value will further threaten the expansion of the industry globally.
Segmentation Analysis
The global food additives market is sectored into product type, source, application, and region.
In terms of product type, the global food additives market is sectored into acidity regulators, emulsifiers, flavoring agents, sweeteners, preservatives, colorants, and hydrocolloids. Furthermore, the sweeteners segment, which accounted for more than 53% of the global market share in 2022, is set to hold its segmental dominance in the forecasting timespan.
The segmental growth in the ensuing eight years can be a result of rising awareness about heart disorders and obesity among the youth and millennial population. In addition to this, escalating popularity and intake of whey protein, stevia, starch, and aspartame will contribute significantly towards segmental growth.
Based on source, the food additives industry across the globe is divided into natural and synthetic segments. Moreover, the synthetic segment, which garnered nearly 58% of the global industry share in 2022, is slated to dominate the global industry expansion even in the forecasting years.
The growth of the segment in the coming years can be due to the large-scale use of synthetic food additives in convenience diets and processed foods. Reportedly, a convenience diet includes instant snacks and ready-to-eat snacks that are consumed largely by the working population.
On the basis of application, the global food additives market is divided into beverages, convenience foods, bakery & confectionery, dairy & frozen desserts, sauces & dressings, and spices & condiments segments.
Moreover, the bakery & confectionery segment, which accounted for a major share of nearly 35% of the global market in 2022, is predicted to register the fastest CAGR in the ensuing years. The segmental expansion over the forecast timespan can be subject to a rise in the use of food additives in bakery & confectionery products for preserving them for an elongated period.
Recent Breakthroughs:
- In the second half of 2020, Cargill Incorporated, a U.S.-based food corporation, introduced C TruSweet 01795, a sweetener, for players in the food & beverages industry. For the record, the new product comprises nearly 95.1% of fructose syrup that can enable calorie reduction in food & beverages. The move will create a strong base for the food additives market.
- In the first quarter of 2022, Ajinomoto Co., Inc., a Japan-based food & biotech firm, invested in SuperMeat, an Israeli startup firm trying to develop chicken cultured meat products. The move is aimed at creating an effective food system with the help of cellular farming technology in the biomedical domain. The move will contribute majorly to the size of the food additives market across the globe.
- In the third quarter of 2022, Archer Daniels Midland Company, a food processing firm, and ScaleUp Bio, a cDMO services firm based in Singapore, jointly launched a new initiative referred to as Temasek, a sustainable food tool in Asia, for expanding the scope of growth of sustainable foods sector in Asia. The move is aimed at the accurate fermentation of food products in the Asian region.
Report Scope
Report Attribute |
Details |
Market Size in 2022 |
USD 107.23 Billion |
Projected Market Size in 2030 |
USD 170.49 Billion |
CAGR Growth Rate |
6.5% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Tate & Lyle Plc, ADM, International Flavors & Fragrances Inc., DuPont, Chr. Hansen Holding A/S, Corbion, Novozymes A/S, DSM, Cargill, Incorporated, BASF SE, Fooding Group Limited, Givaudan, Ingredion Incorporated, Biospringer, Palsgaard, Lonza AG, Sensient Technologies Corporation, Kerry, Ajinomoto Co. Inc., The Kraft Heinz Company, and others. |
Key Segment |
By Product Type, Source, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Regional Insights
- European food additives market to register the highest CAGR over the forecast period
Europe, which accounted lucratively towards the global food additives market revenue in 2022, is anticipated to record the highest CAGR of 5.3% during the assessment timeline. The regional market expansion over 2023-2030 can be due to a rise in the intake of beverages and bakery-based products such as pastries & bread. The rise in the intake of low-calorie drinks in countries such as the ULK will further spearhead regional market growth.
Furthermore, the Asia-Pacific food additives industry, which contributed nearly more than 67% of the global industry share in 2022, is set to witness a noteworthy expansion in the forecast timeframe. The factors that are projected to measure the growth of the regional market include the presence of a huge customer base in the countries such as China and India. Apart from this, the presence of key end-use industries in the region will further contribute to the massive growth of the industry in the sub-continent.
Competitive Space
- Tate & Lyle Plc
- ADM
- International Flavors & Fragrances Inc.
- DuPont
- Chr. Hansen Holding A/S
- Corbion
- Novozymes A/S
- DSM
- Cargill
- Incorporated
- BASF SE
- Fooding Group Limited
- Givaudan
- Ingredion Incorporated
- Biospringer
- Palsgaard
- Lonza AG
- Sensient Technologies Corporation
- Kerry
- Ajinomoto Co. Inc.
- The Kraft Heinz Company
The global food additives market is segmented as follows:
By Product Type Segment Analysis
- Acidity Regulators
- Emulsifiers
- Flavoring Agents
- Sweeteners
- Preservatives
- Colorants
- Hydrocolloids
By Source Segment Analysis
- Natural
- Synthetic
By Application Segment Analysis
- Beverages
- Convenience Foods
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Sauces & Dressings
- Spices & Condiments
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Tate & Lyle Plc
- ADM
- International Flavors & Fragrances Inc.
- DuPont
- Chr. Hansen Holding A/S
- Corbion
- Novozymes A/S
- DSM
- Cargill
- Incorporated
- BASF SE
- Fooding Group Limited
- Givaudan
- Ingredion Incorporated
- Biospringer
- Palsgaard
- Lonza AG
- Sensient Technologies Corporation
- Kerry
- Ajinomoto Co. Inc.
- The Kraft Heinz Company
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