Category

Food Additives Market Size, Share, Opportunities, And Trends By Additive Type (Preservatives, Sweeteners, Flavors And Spices, Flavor Enhancers, Stabilizers And Thickeners, Binders, Texturizers, Emulsifiers, Others), By Application (Bakery And Confectionery, Processed And Canned Food, Fruits And Vegetables, Frozen Foods, Beverage, Dairy Products, Meat And Seafood), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2020 To 2025

Published: Aug 2020 | Report Code:  KSI061610501 | Pages:  114

The food additives market is projected to grow at a CAGR of 6.34% to reach US$50.326 billion by 2025, from US$34.807 billion in 2019.

Increasing concerns of the market players are making them adopt and use food additives in the different food items so as to improve and enhance their properties and make them more appealing to the consumers Food additives are being increasingly used as they are necessary in order to maintain the freshness and safety of food. Preservatives can slow down the spoilage of the product that is caused by bacteria, moisture, fungi. In addition, the use of preservatives aids in preventing contamination of the product. Moreover, the texture and taste of the bakery and confectionery items can be used in order to provide a distinct texture and flavor profile by suing emulsifiers, stabilizers, and other products.

The usage of a wide range of food additives in a variety of applications such as bakery and confectionery, meat and seafood, which are being demanded by the different individuals in the population, is boosting the demand for different types of additives. There has been an increase in the number of individuals demanding the processed and canned foods along with ready to eat and ready to cook varieties, which is being caused as a result of majority of the population getting busier in their work lives and have limited leisure time. Thus, this leads to a surge in the market growth over the forecast period.

Rising urbanization and disposable incomes in conjunction with growing awareness about leading a healthy lifestyle among individuals are propelling the demand for the food additives market. The propensity of the individuals to spend on premium products and products with added nutrients and additional nutritional benefits in order to stay fit and healthy is being facilitated due to the increasing disposable incomes and contributing to the market growth further.

The presence of stringent measures in place by government organizations and regulatory bodies that are encouraging market players to comply with these standards. Stringent guidelines on food additives are necessary so that the quality of the end product reaching the consumer is not compromised. Organizations such as Food Standards Australia and New Zealand (FSANZ), is responsible and approves the food additives which can be added and are allowed in the different Australian foods, for which the additives have to undergo a strict and rigorous assessment and testing before approval. Besides, if there is even little concern regarding the safety of an additive, then approval is not given. In addition, the Joint FAO/WHO Expert Committee on Food Additives (JEFCA) is the international body that is responsible for evaluating the safety of the food additives being used in different applications effectively and accurately. The food additives that have been assessed and considered safe, by the Joint FAO/WHO expert committee on Food Additives (JEFCA) are allowed to be sold and traded internationally.  

Product Offerings by Major Market Players

The offering of better and advanced varieties of food additives with enhanced chemical and physical properties by existing and new players in different markets is estimated to lead to increased adoption and propel the market growth further over the forecast period.

Some of the examples of the product offerings are as follows:

  • Cargill, one of the leading companies dealing in the provision of food, agricultural, industrial among other products offers different products under their range of hydrocolloids, which are comprised of stabilizers and thickeners, binders, texturizers. The product is called “Viscogum Guar Gum”. This product is able to develop viscosity instantaneously, is able to facilitate the creation of a longer texture, with a slow taste release. It also offers “EverSweet”, which is a stevia sweetener and is able to fully replace sugar is designed using yeast specially crafted for this purpose and it can be easily used in beverages and confectionery applications.
  • ADM, a company involved in the provision of nutritional ingredients solutions among other industrial products offers a wide range of food additives such as alcohols, acidulants, food colorings, stabilizers and emulsifiers among others. It offers different product ranges under the emulsifiers and stabilizers product range. The product range is called “Soy Fluid Lecithin” and comprises of four products namely, “Adlec &      Yelkin”, which is derived from filtered and cleaned soybean oil, “Belain”, which is a product with a low viscosity, “Performix”, which is an edible blend of soybean lecithin and some other ingredients, and “Thermolec”, which are a modified variety of lecithins with enhanced emulsification performance.
  • BASF SE, one of the leading market players that are providing performance and health ingredients offers a wide range of food additive products for bakery, seafood, and other applications. It offers different product ranges called the “Lamequick”, “Lametop”, and “Lameul”. The Lamequick product range comprises of different whipping agents in order to produce creamy and light foams to enhance the taste and texture of deserts. The Lametop product consists of mono and di-glycerides that is able to provide an enhanced and attractive appearance to the baked goods and a good taste profile. The Lameul product range is a line of emulsifiers, which are well suited for bakery and other applications.

The Asia Pacific region is expected to witness a significant increase in its market share over the forecast due to the increasing demand for premium and better products and North American and European region to hold a considerable share over the forecast period

The presence of strict guidelines in place in New Zealand and Australia by organizations such as and the increasing disposable income of individuals among the low-income and middle-income population is leading to a boost in the demand for premium food products on the Asia Pacific region. Additionally, the North American and European regions are expected to hold a significant share on account of the fact that there are increasing investments in the food and beverage industry and also in the R&D of better technologies and testing methods to assess the quality of food additives effectively and efficiently.

Segmentation:

  • By Additive Type
    • Preservatives
      • Ascorbic acid
      • Citric acid
      • Sodium Benzoate
      • Others
    • Sweeteners
      • Sucrose
      • Fructose
      • Glucose
      • Others
    • Flavors and Spices
      • Natural flavor
      • Artificial flavor
      • Spices
    • Flavor Enhancers
      • Monosodium Glutamate (MSG)
      • Hydrolyzed soy protein
      • Autolyzed yeast extract
      • Others
    • Stabilizers and Thickeners, Binders, Texturizers
      • Gelatin
      • Pectin
      • Guar gum
      • Others
    • Emulsifiers
      • Soy lecithin
      • Mono and di-glycerides
      • Egg yolks
      • Others
    • Others
  • By Application
    • Bakery and Confectionery
    • Processed and Canned Food
    • Fruits and Vegetables
    • Frozen Foods
    • Beverages
    • Dairy Products
    • Meat and Seafood
  • By Distribution Channel
    • Online
    • Offline
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the food additives market size by 2025?
A1. The global food additives market is projected to reach a market size of US$50.326 billion by 2025.
 
Q2. What is the size of global food additives market?
A2. Food Additives market was valued at US$34.807 billion in 2019. 
 
Q3. What are the growth prospects for food additives market?
A3. The food additives market is projected to grow at a CAGR of 6.34% over the forecast period.
 
Q4. What factors are anticipated to drive the food additives market growth?
A4. The usage of a wide range of food additives in a variety of applications such as bakery and confectionery, meat, and seafood, which are being demanded by the different individuals in the population, is boosting the demand for different types of additives.
 
Q5. Which region holds the largest market share in the global food additives market?
A5. The Asia Pacific region is expected to witness a significant increase in its market share over the forecast due to the increasing demand for premium and better products.

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