As per the latest analysis, the global food additive market size is estimated to reach US$ 310.9 billion in 2024. In the forecast period, global demand for food additives is projected to rise at a healthy CAGR of 7.2%, taking the overall market valuation to a massive total of US$ 551.4 billion by 2034.
Consumption of food additives remains particularly high in the beverage sector, and the trend will likely persist through 2034. This is due to the growing usage of artificial and natural sweeteners in diverse industries. The target segment is set to account for a dominant share of 34.0% in 2024.
Food additives have become essential substances in the food and beverage sector. This is due to their ability to significantly improve the freshness, flavor, and texture of food products as well as extend their shelf life.
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Key Players Listed in the Food Additives Global Market Report
- Chr. Hansen Holding A/S
- BASF SE
- Royal DSM N.V.
- Sensient Technologies Corporation
- Dow Chemical Company
- Nutra Food Ingredients, LLC
- Bell Flavors & Fragrances Incorporated
- Ajinomoto Food Ingredients
- Corbion Food Ingredients
- Food Ingredient Solutions, LLC
- Others (on additional request)
Prominent Factors Driving Growth of Food Additive Market-
- Rapid expansion of the processed food industry, along with a growing need for food safety additives like food preservatives
- Increasing consumption of packaged food products and food processing additives
- Growing focus on food safety and preservation
- Soaring demand for food additives from the bakery & confectionery industry
- Increasing consumer inclination towards flavored products
- Expanding pet food additive market
- Rising interest in functional and fortified foods
- Absence of food additive regulations in several underdeveloped and developing regions
- Increasing usage of food additives in dietary supplements, dairy products, and pharmaceuticals
- Surging popularity of ready-to-eat meals, snacks, and beverages
- Escalating importance of food additives in the beverages industry
Global Food Additive Market Trends-
- Willingness of food product manufacturers to pay premium prices for high-quality food ingredients
- Increasing demand for naturally derived carotenoids & spirulina
- Rising popularity of clean-labeled products with natural or organic ingredients
- Growing demand for functional food additives or functional food ingredients
- High adoption of natural colors and flavor enhancers in baby foods
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Food Additive Market by Category
By Product Type:
- Dairy Ingredients
- Sweeteners
- Fibers
- Fine Ingredients
By End-use Application:
- Dairy Industry
- Confectionery
- Bakery
- Snacks
- Sauces & Soups
- Pasta & Noodles
- Meat Products
- Baby Food
- Pharmaceuticals
- Beverages
- Dietary Supplement
- Personal Care
By Region:
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Competitive Landscape
The food additive market has a diverse and dynamic competitive landscape. Leading food additive manufacturers are innovating to develop novel solutions, including natural sweeteners and food coloring agents, carrageenans, food thickening agents, and high fructose corn syrup. They are focusing on innovation, quality, and matching customer preferences to stay ahead of the competition.
Several top food additive companies are concentrating on getting product approvals from regulatory bodies. They also employ strategies like acquisitions, partnerships, collaborations, distribution agreements, and mergers to expand their presence globally.
Recent Developments in the Food Additive Market-
- In January 2021, Ingredient Solutions, Inc., a distributor and blender of specialty hydrocolloids, was acquired by Tilley Co. This development enhanced the company’s portfolio of value-added specialties and ingredients.
- In June 2020, the liquid version of Linablue natural blue food coloring was launched by DIC Corporation’s subsidiary, DIC Lifetec Co., Ltd. The new Spirulina-extracted natural food coloring is now available in no-drip bottles.
- In 2021, B.T. Sweets introduced Cambya, a plant-based, one-to-one sugar replacer made from soluble fibers, monk fruit, and select botanicals. Unlike other sugar substitutes, the company claimed that Cambya does not require any masking agents because it does not leave a bitter aftertaste.
- In September 2022, Sun Chemical introduced SUNFOODS Natural Colorants for the food & beverage industry.
- In May 2023, the National Commission of the People’s Republic of China approved six new food additives, two new food raw materials, and six food-related products.
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Frequently Asked Questions
What is the market size for food additives?
The global food additive market value is anticipated to reach US$ 310.9 billion in 2024.
What is the expected market size in 2034?
The food additive market size is projected to reach US$ 551.4 billion by 2034.
What is the demand outlook for food additives?
Global demand for food additives is set to rise at 7.2% CAGR through 2034.
Which region is the leading consumer of food additives?
With an estimated market share of 21.9% in 2034, Europe will remain a key consumer.
Who are the key manufacturers of food additives?
Chr. Hansen Holding A/S, BASF SE, Royal DSM N.V., and Dow Chemical Company, among others.
What are the five main food additives?
Monosodium glutamate (MSG), preservatives, antioxidants, artificial sweeteners, and food colorings.
What are the additives used in the food industry?
Substances or chemicals are added to foods to enhance their shelf life, color, flavor, or texture.