Market Scenario, Food additives are substances that are used in the production process of several food and beverages to maintain and develop the freshness, taste, and texture of the food and beverages. Food additives are extracted from both natural and synthetic sources. The global Food Additives Market size is estimated to reach USD 56.10 billion and record 5.40% CAGR by the end of 2024., The global food additives market is anticipated to be driven by several factors. One of the significant factors for the rising growth of food additives market is the growing demand for convenience food. Preservatives are key additives in the manufacturing process of convenience food to increase the shelf-life of the products. The demand for several flavored beverages has been increasing among the consumers, which is anticipated to boost the demand for food additives. Recently, the demand for natural food items and beverages is increasing at a rapid pace across the globe, which accelerates the demand for natural food additives. However, stringent government regulations are anticipated to hinder the growth of the global food additives market during the forecast period, 2019–2024. The global food additives market is highly consolidated owing to the presence of several multinational players. The key players are in the global food additives market is emphasizing in the merger & acquisition in order to surge the product portfolio and also to increase the presence across the globe. , Segmentation, The global food additives market has been segmented based on product type, source, application, and region., The global food additives market has been classified, based on product type, into colors, flavors, enzymes, hydrocolloids, preservatives, and others. , The global food additives market has been divided, based on source, into natural and synthetic., The global food additives market has been classified, based on application, into bakery & confectionery, beverages, dairy & frozen desserts, soups, sauces & dressings, sweet & savory snacks, and others. , The global food additives marke

Market Scenario

Food additives are substances that are used in the production process of several food and beverages to maintain and develop the freshness, taste, and texture of the food and beverages. Food additives are extracted from both natural and synthetic sources. The global Food Additives Market size is estimated to reach USD 56.10 billion and record 5.40% CAGR by the end of 2024.

The global food additives market is anticipated to be driven by several factors. One of the significant factors for the rising growth of food additives market is the growing demand for convenience food. Preservatives are key additives in the manufacturing process of convenience food to increase the shelf-life of the products. The demand for several flavored beverages has been increasing among the consumers, which is anticipated to boost the demand for food additives. Recently, the demand for natural food items and beverages is increasing at a rapid pace across the globe, which accelerates the demand for natural food additives. However, stringent government regulations are anticipated to hinder the growth of the global food additives market during the forecast period, 2019–2024. The global food additives market is highly consolidated owing to the presence of several multinational players. The key players are in the global food additives market is emphasizing in the merger & acquisition in order to surge the product portfolio and also to increase the presence across the globe.

Segmentation

The global food additives market has been segmented based on product type, source, application, and region.

The global food additives market has been classified, based on product type, into colors, flavors, enzymes, hydrocolloids, preservatives, and others.

The global food additives market has been divided, based on source, into natural and synthetic.

The global food additives market has been classified, based on application, into bakery & confectionery, beverages, dairy & frozen desserts, soups, sauces & dressings, sweet & savory snacks, and others.

The global food additives market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American food additives market has further been segmented into the US, Canada, and Mexico.

The European food additives market has been classified into the UK, Germany, France, Italy, Spain, and the Rest of Europe.

The food additives market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The food additives market in the rest of the world has been segmented into South America, the Middle East, and Africa.

Key Players



Cargill Incorporated (US)



BASF SE (Germany)



Archer Daniels Midland Company (US)



Kerry Group (Ireland)



Evonik Industries AG (Germany)



Ingredion Incorporated (US)



Tate & Lyle PLC (UK)



Chr. Hansen Holding A/S (Denmark)



Novozymes A/S (Denmark)



The cooperative Avebe U.A. (Netherlands)



Kalsec Inc. (US)



FMC Corporation (US)



Döhler Group (Germany)



Sensient Technologies Corporation (US)



Koninklijke DSM N.V. (Netherlands)



Regional Market Summary

Global Food Additives Market Share (%), by Region, 2018



Source: Secondary Sources and MRFR Analysis

North America accounted for the major market share of 30% in the food additives market in 2018. Increasing inclination towards processed food products among the consumers is anticipated to enhance the demand for preservatives and hydrocolloids among the manufacturers. Apart from that, the demand for natural food additives is increasing at a rapid pace among the food and beverage manufacturers owing to the high demand for naturally derived food items and drinks. The demand for natural and organic food and beverages has been rising across North America and Europe. Due to the increasing consumer awareness regarding the adverse effects of synthetic food additives, the demand for natural food additives is anticipated to upsurge in the near future. Among the European countries, Germany is estimated to retain its dominance throughout the forecast period. However, Asia-Pacific region is projected to expand at the highest CAGR during the forecast period. The growth for the food additives market in Asia-pacific region can be attributed to the increasing consumption of ready to eat food products, large population, and increasing per capita disposable income among the consumers.

Global Food Additives Market, by Product Type



Colors



Flavors



Enzymes



Hydrocolloids



Preservatives



Others



Global Food Additives Market, by Source



Natural



Synthetic



Global Food Additives Market, by Application



Bakery & Confectionery



Beverages



Dairy & Frozen Desserts



Soups, Sauces & Dressings



Sweet & Savory Snacks



Others



Global Food Additives Market, by Region



North America



US

Canada

Mexico











Europe



Germany

France

Italy

Spain

UK

Rest of Europe











Asia-Pacific



Japan

China

India

Australia & New Zealand

Rest of Asia-Pacific











Rest of the World (RoW)



South America

Middle East

Africa









Intended Audience



Food additives manufacturers



Color manufacturers



Flavors manufacturers



Beverages manufacturers



Enzymes manufacturers



Preservative manufacturers



Hydrocolloids manufacturers



Retailers and wholesalers



Traders, exporters, and importers



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