Report Highlights
The global market for food additives is expected to grow from $80.4 billion in 2024 and is projected to reach $106.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.
Report Includes
- 110 data tables and 42 additional tables
- An overview of the global markets for food additives
- Analyses of the global market trends, with data from 2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
- Evaluation of market size and market shares of food additives based on type, application, source of origin and region
- Discussion of developments in food additive R&D and technologies
- Examination of the marketing of food additives, including distribution channels, the impact of large food processors and end-user selection criteria
- Description of natural vs. artificial/ synthetic food additives and highlights of concerns related to artificial/ synthetic products and stringent regulations on their use
- Discussion of environmental and regulatory considerations affecting food additives and their impact on products and markets
- Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices followed by leading companies, their ESG ratings, and consumer attitudes
- Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
- Profiles of the leading companies, including BASF, Givaudan, ADM, Ajinomoto Co. Inc., and International Flavors & Fragrances Inc.
Report Scope
The report provides market projections for the food additives market from 2024 through 2029 and analyzes the market shares of leading companies. The food additives market is segmented by type into flavors, acidulants, non-nutritive sweeteners, colorants, flavor enhancers, preservatives, enzymes, and others. It is further segmented by source into natural and synthetic, and by application into beverages, bakery and confectionery, sauces, dressings and condiments, dairy and frozen desserts, sweet and savory snacks, and other applications. Regional estimates and forecasts include North America, Europe, the Asia-Pacific region, South America, and the Middle East and Africa.
Report Synopsis
| Report Metrics | Details | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||
| Base year market size | $77.2 billion | ||||||||||||
| Market size forecast | $106.8 billion | ||||||||||||
| Growth rate | CAGR of 5.8% for the forecast period of 2024-2029 | ||||||||||||
| Units considered | $ Millions | ||||||||||||
| Segments covered | Type, Source, Applications, and Region | ||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa | ||||||||||||
| Countries covered | U.S., Canada, Mexico, China, India, Japan, Australia, Germany, France, Italy, U.K., Spain, Brazil, Argentina, Middle East, and Africa | ||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Rising Demand for Natural Food Additives
- Increasing Market Demand from Developing Economies
- Increasing Demand for Processed Food Products.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Melissa Dueck brings more than 25 years of health industry experience to the consulting analyst role with expertise in pharmaceuticals, medical technologies, and hospital operations. Ms. Dueck holds an MBA in Health Care Management, an MPH in Global Health, and is a pending doctoral candidate. She has authored several industry-specific documents and is a well-respected, trusted contributor to the market intelligence community. Her writings are published in magazines, newspapers, and professional journals. She is also an experienced custom market research writer who has worked with a large variety of clients in many fields who require innumerable variations to research documents. Ms. Dueck serves the health and medical community through emergency room medical training, healthcare information system coordination, program implementation and evaluations, and strategic business oversight planning.
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Report Highlights
The global market for food additives should grow from $41.9 billion in 2020 to $51.6 billion by 2025 with a compound annual growth rate (CAGR) of 4.3% for the period of 2020-2025.
Report Includes
- 149 tables
- An overview of the global markets for food additives
- Analyses of global market trends, with data from 2019, 2020 and projections of compound annual growth rates (CAGRs) through 2025
- Evaluation of market size and forecast, and market share analysis of food additives based on type, application, source of origin and region
- Detailed description of COVID-19 impact on the global economy, including outbreak, symptoms, progression, incubation period, epidemiology, government expenditures on COVID-19 and impact analysis of COVID-19 on the food additives market
- Discussion on current and new developments in food additive R&D, and reviews of important new technology areas
- Examination of important factors in the marketing of food additives, including distribution channels, the impact of large food processors and end-user selection criteria
- Description of natural vs. artificial/ synthetic food additives and highlights of concerns related to artificial/ synthetic products and stringent regulations on the usage
- Discussion of environmental and regulatory considerations affecting food additives and their impact on products and markets
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies; and a detailed patent analysis
- Comprehensive company profiles of major players of the industry, including Archer Daniels Midland Co., Bell Flavors & Fragrances Inc., Cargill, Inc, Firmenich International Sa, Givaudan Sa, International Flavors & Fragrances Inc., and Treatt Plc
Report Highlights
The global market for food additives should reach $43.3 billion by 2021 from $36.7 billion in 2016 at a compound annual growth rate (CAGR) of 3.4% from 2016 to 2021.
Report Includes
- An overview of the global markets for food additives
- Analyses of global market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- Definition and delineation of the food additives field by classifying these additives into workable categories, and technically describing these major categories and the most important individual products that compete for places in the market
- Discussion of important factors in the marketing of food additives, including distribution channels, impact of large food processors, and end-user selection criteria
- Elaboration of the competitive atmosphere among food additive suppliers, both basic producers and formulators/distributors, including their relationships with end-user food processor companies
- Discussion of environmental and regulatory considerations affecting food additives and their impact on products and markets
- Profiles of major players in the industry
Report Highlights
- Overall sales in the U.S. market for food additives were nearly $6.2 billion in 2009. By 2014, it is projected to increase to $6.7 billion, for a 5-year compound annual growth rate (CAGR) of 1.5%.
- The largest segment flavors and enhancers market was nearly $1.9 billion 2009; this projected to reach $2 billion in 2014, for a 5-year CAGR of 1.5%.
- Sales in the formulation aids additive market amounted to $1.3 billion in 2009 which projected to increase to $1.4 billion in 2014, for a 5-year CAGR of 1.5%.
Report Highlights
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The total u.s. market for food additives reached nearly $5 billion in 2001 and is expected to rise at an average annual growth rate (AAGR) of 3.2% to $5.8 billion in 2006.
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Flavorings and flavor enhancers are the largest of all classes of additives, almost $1.25 billion in 2001, growing to $1.46 billion in 2006.
-
Formulation aids are a $1.1 billion dollar market that should grow to almost $1.3 billion in 2006 at an AAGR of 2.7%.
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Calorie reduction agents, while a billion dollar market, are not as large as previously expected because of the economic slowdown and product competition.
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Processing aids and others should reach $629 million in 2006.
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The market for acidulants should grow at a 3.3% AAGR to $483 million in 2006.
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The smaller preservatives and food colorants/adjuvants segments are each growing at an AAGR of 3%.
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