Global Synthetic Food Market Outlook 2024, Forecast To 2033
8 Mar, 2024
The synthetic food market will reach $17.57 billion in 2024, with a CAGR of 6.7%. By 2028, it's projected to hit $22.06 billion, with a CAGR of 5.9%. Population growth and sustainability concerns propel this growth, alongside trends like plant-based alternatives and personalized nutrition.
Global Synthetic Food Market Key Driver
The growing demand for alternative protein sources is propelling growth in the synthetic food market. As consumers seek sustainable and healthy diets, the demand for alternative proteins increases, driving market growth. For instance, the National Research Council Canada projected a significant increase in demand for alternative proteins, boosting the synthetic food market.
Get A Free Sample Of The Global Synthetic Food Market ReportGlobal Synthetic Food Market Segments
The synthetic food market covered in this report is segmented –
1) Product:Synthetic Color, Enzymes, Hydrocolloids, Antioxidants, Flavor And Fragrances, Fats And Oils
2) Distribution:Supermarkets, Conventional Stores, Online
3) Application:Beverages, Dairy And Frozen Products, Bakery And Confectionery, Meat, Poultry And Seafood, Processed Food, Convenience Food And Beverages, Sauces And Dressings
By Geography: The countries covered in the synthetic food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the synthetic food market in 2023. The regions covered in the synthetic food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Synthetic Food Industry Players
BASF SE; Archer Daniels Midland Company; Royal DSM N.V; FMC Corporation; Symrise AG; Döhler Group SE.; Chr. Hansen A/S; Young Living Essential Oils LC; Beyond Meat; Naturex S.A.; Believer Meats; Impossible Foods; Flavorchem Corporation; UPSIDE Foods Inc.; Allied Biotech Corp.; Mosa Meat; Falcon Essential Oils; Aarkay Food Products Ltd.; Meatable; Aleph Farms Ltd.; Motif FoodWorks Inc.; GOOD Meat; SuperMeat; IntegriCulture Inc.; Fiorio Colori S.R.L; Multus Biotechnology Ltd.; BioBetter Ltd.; Frutarom Industries Ltd.
Get The Full Global Synthetic Food Market ReportSynthetic Food Market Overview
Synthetic food refers to food items or products artificially generated in controlled laboratory settings. They are used instead of naturally farmed foods to lessen their environmental impact.