How Has the Food Additives Market Size Evolved in Recent Years?
The food additives market has seen considerable growth due to a variety of factors.
• In recent years, the market size for food additives has seen substantial growth. The projections show that it stands to increase from $50.73 billion in 2024 to $53.65 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%. Factors driving this growth during the historical period includes demand from consumers for convenience foods, government regulations and safety standards, heightened urbanization, health and wellness trends, and consumer taste and texture preferences.
What are the Market Size and Expected Growth Rates for the Food Additives Market?
The Food Additives market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations point towards robust expansion in the food additives market in the upcoming years, with a projected growth to $70.04 billion by 2029, with a compound annual growth rate (CAGR) of 6.9%.
Factors contributing to this projected growth in the forecast period include a preference for clean-label and natural additives, concerns related to health and obesity management, focus on food safety, a rising global population, and advancements in biotechology. Notable trends anticipated in the forecast period encompass increased demand for ethnic flavors, the influence of regenerative agriculture, emphasis on functional beverages, personalized nutrition, and a need for transparency and traceability.
Which Key Drivers Are Propelling The Food Additives Market's Growth?
The anticipated rise in the intake of ready-to-eat food is poised to fuel the expansion of the food additives market. Ready-to-eat food, which can be consumed without any additional cooking, cleaning or preparation by the eater or consumer, is becoming increasingly popular. Such foods typically use an array of both natural and synthetic preservatives to deter microbial spoiling and enhance food quality. As an example, a study executed by Itochu Corporation, a trading firm based in Japan, in August 2023 revealed that around 45% of 9,461 participants consume bento boxes, also referred to as ready-to-eat lunch boxes, available at convenience stores. The findings demonstrate that over 10% of bento box purchasers consume them more than once a week, with the percentage being markedly higher among males and younger consumers. Consequently, this rising propensity for ready-to-eat food is forecasted to boost the progression of the food additives market.
What Are The Key Segments Within The Global Food Additives Market?
The food additives market covered in this report is segmented –
1) By Product: Preservatives, Bulk Sweeteners, Sugar Substitutes, Emulsifiers, Anti-Caking Agents, Enzymes, Food Flavors, Food Colorants, Acidulants
2) By Source: Synthetic, Natural
3) By Application: Beverages, Bakery, Confectionery, Sauces And Dressings, Dairy, Other Applications
Subsegments:
1) By Preservatives: Natural Preservatives, Synthetic Preservatives
2) By Bulk Sweeteners: High-Fructose Corn Syrup, Sugars
3) By Sugar Substitutes: Artificial Sweeteners, Natural Sweeteners
4) By Emulsifiers: Lecithin, Mono-And Diglycerides
5) By Anti-Caking Agents: Silicates, Phosphates
6) By Enzymes: Proteases, Amylases
7) By Food Flavors: Natural Flavors, Artificial Flavors
8) By Food Colorants: Natural Colorants, Synthetic Colorants
9) By Acidulants: Citric Acid, Lactic Acid
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How Are New Trends Impacting The Size Of The Food Additives Market?
One prominent tendency gaining traction in the food additives market is the emphasis on product innovations. To consolidate their market position, major industry players are showing an increasing focus on the invention of novel products. For instance, in May 2022, US-based biotech firm Lifeasible launched nine fresh sweetener commodities under its food additives portfolio, with the aim of facilitating the creation of a broader range of healthier food options for researchers. Lifeasible's new sweetener offerings include Regular Stevia (80% -98%), Rebaudioside A, Rebaudioside E, Enzymatically Modified Stevia (EMS), Healthy ready-to-eat sugar, Sucralose, Xylitol, Erythritol, and Sorbitol. Used to impart a sweet flavor to foods and drinks, a sweetener may actually contain sugar or a sweet-tasting sugar substitute. Such artificial sweeteners are now commonly used in the commercial production of processed foods and drinks. Additionally, there are also non-sugar organic sweeteners, such as licorice's glycyrrhizin.
Who Are the Key Players In The Food Additives Market?
Major companies operating in the food additives market include:
• Ajinomoto Co Inc.
• Archer Daniels Midland Company
• Badische Anilin und Soda Fabrik
• Cargill Incorporated
• Chr. Hansen Holding A/S
• Givuadan SA
• Ingredion Incorporated
• Kerry Group Plc.
• Tate & Lyle Plc.
• Novozymes A/S
• Koninklijke DSM N.V.
• Evonik Industries AG
• Lonza Group AG
• Corbion N.V.
• DuPont de Nemours Inc.
• AGRANA Beteiligungs AG
• International Flavors & Fragrances Inc.
• Biospringer
• Ingredaco
• Palmer Holland Inc.
• TRInternational Inc.
• Eastman Chemical Company
• Palsgaard
• DSM NV
• Royal DSM
What Are The Regional Insights Into The Food Additives Market?
Asia-Pacific was the largest region in the food additives market share in 2024. The regions covered in the food additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
