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Global Food Additives Market to Witness Impressive Growth, Revenue to Surge to USD 47.1 Billion By 2028

Food Additives Market - Global Industry Analysis

Food Additives Market By Type (Flavors, Hydrocolloids, Acidulants, Colors, Emulsifiers, Preservatives And Sweeteners), Process (Natural and Artificial), By Application (Bakery & Confectionery, Beverage, and Sauces, Dressings, Spices & Condiments, Convenience Foods, Dairy & Frozen Desserts, And Colors): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 12-Jun-2021 Category: Food & Beverage Report Format : PDF Pages: 150 Report Code: ZMR-152 Status : Published

The global Food Additives market accounted for USD 34.4 Billion in 2020 and is expected to reach USD 47.1 Billion by 2028, growing at a CAGR of 6.5% from 2021 to 2028.

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Description

Market Overview

The global Food Additives market accounted for USD 34.4 Billion in 2020 and is expected to reach USD 47.1 Billion by 2028, growing at a CAGR of 6.5% from 2021 to 2028.

Food additives are usually in used in the production process of various food and beverages to maintain and develop the freshness, taste, and texture of the food. They are extracted from both natural and synthetic sources.

The major players 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. The companies in the market are focusing in expanding business across all the region and developing strategies to size up production capability and strengthen global presence.

COVID-19 Impact Analysis:

The food & beverages industry is anticipated to experience differential impact of this rapid spreading COVID-19 on each stage of its value chain through mediums of affected workforce at industrial level, raw material supply, trade & logistics, demand–supply volatility, and uncertain consumer demand at retail outlets. Products and inventory levels across the industry spectrum are expected to be impacted. Key players and vendors are facing challenges in raw material supply, owing to poor logistics, traffic control, and restrictions on public movement in affected countries across the globe, which leads to supply disruptions. Trade restrictions imposed by several countries across the globe to prevent further spread of coronavirus has significantly affected global logistics and transportation, which, in turn, has impacted the food additives market.

Growth Factors

Increasing focus towards healthier lifestyles, rising workforce and increasing awareness about quality foods, are likely to augment the growth of the food additives market.

Food additives market is highly consolidated owing to the presence of major players. The companies is emphasizing in the merger & acquisition in order to surge the product portfolio and also to increase the presence across the globe.

Changing lifestyle of the consumer tendency towards shifting with convenient, processed and packaged products may spur the market growth. They are added in small quantities in various products such as Bakery & Confectionery, Beverage, and Sauces, Dressings, Spices & Condiments, Convenience Foods, among others. Moreover, Increase in women workforce and changing lifestyle patterns of consumers help the market to grow in the coming years.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Some of the major Food Additives types are Flavors, Hydrocolloids, Acidulants, Colors, Emulsifiers, Preservatives and Sweeteners). Flavors segment gained a major demand in the coming years. High demand for new flavors from the food & beverages industry and continuous innovation drive the growth of the food additives market. In addition, increase in requirement from the fast food industry is expected to provide growth opportunities in the food flavors market during the forecast period.

Source Segment Analysis Preview

By source, the market is segmented into Natural and Artificial Food Additives. Artificial flavors are chemical compounds that are used to add taste to the food or enhance the food flavoring characteristics of natural food flavors. Artificial flavors undergo stringent regulatory evaluation as compared to natural flavors. Chemicals used in artificial flavors involve less cost for processing as compared to natural flavors. Furthermore, the processing time of artificial flavors is extremely less and is eco-friendly. Artificial flavors are widely used across various industries, especially in the beverages and processed food industries

Application Segment Analysis Preview

Bakery & Confectionery segment hold the major share In the market. The sales of bakery & confectionery products are expected to increase by 2027 across the world with the change in taste of global population. Bakery & confectionery offers innovative food items with delicious taste. Asia-Pacific dominates the bakery & confectionery market. India and China are the biggest producers of grains, globally. Thus, bakery & confectionery products are manufactured in large volumes in these countries. Numerous industry giants, such as Cadbury Ltd. and Nestle S.A., focus on increasing their production capacities in Asia-Pacific. India is the third largest manufacturer of biscuits in the world after the U.S. and China. Low cost, easy availability, and good taste are the major factors that drive the growth of the bakery & confectionery market.

Key Market Players & Competitive Landscape

Some of key players in Food Additives market are Tate & Lyle PLC., International Flavors and Fragrances, Kerry Group Plc, CHR Hansen Holding A/S, INTERNATIONAL FLAVORS AND FRAGRANCES SE, and Ajinomoto Co Inc. among others.

The global Food Additives market is segmented as follows:

By Type

Flavors
Hydrocolloids
Acidulants
Colors
Emulsifiers
Preservatives
Sweeteners

By Process

Natural
Artificial

By Application

Bakery & Confectionery
Beverage
Sauces
Dressings
Spices & Condiments
Convenience Foods
Dairy & Frozen Desserts
Others

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter No. 1 : Introduction
- 1.1. Report Description
  - 1.1.1. Purpose of the Report
  - 1.1.2. USP & Key Offerings
- 1.2. Key Benefits for Stakehulders
- 1.3. Target Audience
- 1.4. Report Scope
Chapter No. 2 : Executive Summary
- 2.1. Key Findings
  - 2.1.1. Top Investment Pockets
    - 2.1.1.1. Market Attractiveness Analysis, By Type
    - 2.1.1.2. Market Attractiveness Analysis, By Source
    - 2.1.1.3. Market Attractiveness Analysis, By Application
    - 2.1.1.4. Market Attractiveness Analysis, By Region
- 2.2. Market Snapshot
- 2.3. Global Food Additives Market, 2016 – 2028 (USD Billion) (Tons)
- 2.4. Insights from Primary Respondents
Chapter No. 3 : COVID 19 Impact Analysis
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
  - 3.1.1. North America
  - 3.1.2. Europe
  - 3.1.3. Asia Pacific
  - 3.1.4. Latin America
  - 3.1.5. The Middle-East and Africa
- 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
- 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
- 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
- 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
  - 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
- 3.6. Short Term Dynamics
- 3.7. Long Term Dynamics
Chapter No. 4 : Food Additives Market – Type Segment Analysis
- 4.1. Overview
  - 4.1.1. Market Revenue Share, By Type, 2020 & 2028
- 4.2. Flavors
  - 4.2.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.2.3. Key Market Trends, Growth Factors, & Opportunities
- 4.3. Hydroculloids
  - 4.3.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.3.3. Key Market Trends, Growth Factors, & Opportunities
- 4.4. Acidulants
  - 4.4.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.4.3. Key Market Trends, Growth Factors, & Opportunities
- 4.5. Culors
  - 4.5.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.5.3. Key Market Trends, Growth Factors, & Opportunities
- 4.6. Emulsifiers
  - 4.6.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.6.3. Key Market Trends, Growth Factors, & Opportunities
- 4.7. Preservatives
  - 4.7.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.7.3. Key Market Trends, Growth Factors, & Opportunities
- 4.8. Sweeteners
  - 4.8.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.8.3. Key Market Trends, Growth Factors, & Opportunities
Chapter No. 5 : Food Additives Market – Source Segment Analysis
- 5.1. Overview
  - 5.1.1. Market Revenue Share, By Source, 2020 & 2028
- 5.2. Natural
  - 5.2.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 5.2.3. Key Market Trends, Growth Factors, & Opportunities
- 5.3. Artificial
  - 5.3.1. Market Size and Forecast, By Region (USD Billion)
  - 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 5.3.3. Key Market Trends, Growth Factors, & Opportunities
- 6.1. Overview
  - 6.1.1. Market Revenue Share, By Application, 2020 & 2028
- 6.2. Bakery & Confectionery
  - 6.2.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 6.2.3. Key Market Trends, Growth Factors, & Opportunities
- 6.3. Beverage
  - 6.3.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 6.3.3. Key Market Trends, Growth Factors, & Opportunities
- 6.4. Sauces
  - 6.4.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 6.4.3. Key Market Trends, Growth Factors, & Opportunities
- 6.5. Dressings
  - 6.5.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 6.5.3. Key Market Trends, Growth Factors, & Opportunities
- 6.6. Spices & Condiments
  - 6.6.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 6.6.3. Key Market Trends, Growth Factors, & Opportunities
- 6.7. Convenience Foods
  - 6.7.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 6.7.3. Key Market Trends, Growth Factors, & Opportunities
- 6.8. Dairy & Frozen Desserts
  - 6.8.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 6.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 6.8.3. Key Market Trends, Growth Factors, & Opportunities
- 6.9. Others
  - 6.9.1. Market Size and Forecast, By Region (USD Billion) (Tons)
  - 6.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 6.9.3. Key Market Trends, Growth Factors, & Opportunities
Chapter No. 7 : Food Additives Market – Regional Analysis
- 7.1. Overview
  - 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
  - 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion) (Tons)
- 7.2. North America
  - 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion) (Tons)
  - 7.2.2. North America Market Revenue, By Type, 2016 – 2028
  - 7.2.3. North America Market Revenue, By Source, 2016 – 2028
  - 7.2.4. North America Market Revenue, By Application, 2016 – 2028
  - 7.2.5. U.S.
    - 7.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
    - 7.2.5.2. U.S. Market Revenue, By Source, 2016 – 2028
    - 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
  - 7.2.6. Canada
    - 7.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
    - 7.2.6.2. Canada Market Revenue, By Source, 2016 – 2028
    - 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
  - 7.2.7. Mexico
    - 7.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
    - 7.2.7.2. Mexico Market Revenue, By Source, 2016 – 2028
    - 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
- 7.3. Europe
  - 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion) (Tons)
  - 7.3.2. Europe Market Revenue, By Type, 2016 – 2028
  - 7.3.3. Europe Market Revenue, By Source, 2016 – 2028
  - 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
  - 7.3.5. Germany
    - 7.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
    - 7.3.5.2. Germany Market Revenue, By Source, 2016 – 2028
    - 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
  - 7.3.6. France
    - 7.3.6.1. France Market Revenue, By Type, 2016 – 2028
    - 7.3.6.2. France Market Revenue, By Source, 2016 – 2028
    - 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
  - 7.3.7. U.K.
    - 7.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
    - 7.3.7.2. U.K. Market Revenue, By Source, 2016 – 2028
    - 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
  - 7.3.8. Italy
    - 7.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
    - 7.3.8.2. Italy Market Revenue, By Source, 2016 – 2028
    - 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
  - 7.3.9. Spain
    - 7.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
    - 7.3.9.2. Spain Market Revenue, By Source, 2016 – 2028
    - 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
  - 7.3.10. Rest of Europe
    - 7.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
    - 7.3.10.2. Rest of Europe Market Revenue, By Source, 2016 – 2028
    - 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
- 7.4. Asia Pacific
  - 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion) (Tons)
  - 7.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
  - 7.4.3. Asia Pacific Market Revenue, By Source, 2016 – 2028
  - 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
  - 7.4.5. China
    - 7.4.5.1. China Market Revenue, By Type, 2016 – 2028
    - 7.4.5.2. China Market Revenue, By Source, 2016 – 2028
    - 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
  - 7.4.6. Japan
    - 7.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
    - 7.4.6.2. Japan Market Revenue, By Source, 2016 – 2028
    - 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
  - 7.4.7. India
    - 7.4.7.1. India Market Revenue, By Type, 2016 – 2028
    - 7.4.7.2. India Market Revenue, By Source, 2016 – 2028
    - 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
  - 7.4.8. South Korea
    - 7.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
    - 7.4.8.2. South Korea Market Revenue, By Source, 2016 – 2028
    - 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
  - 7.4.9. South-East Asia
    - 7.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
    - 7.4.9.2. South-East Asia Market Revenue, By Source, 2016 – 2028
    - 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
  - 7.4.10. Rest of Asia Pacific
    - 7.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
    - 7.4.10.2. Rest of Asia Pacific Market Revenue, By Source, 2016 – 2028
    - 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
- 7.5. Latin America
  - 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion) (Tons)
  - 7.5.2. Latin America Market Revenue, By Type, 2016 – 2028
  - 7.5.3. Latin America Market Revenue, By Source, 2016 – 2028
  - 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
  - 7.5.5. Brazil
    - 7.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
    - 7.5.5.2. Brazil Market Revenue, By Source, 2016 – 2028
    - 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
  - 7.5.6. Argentina
    - 7.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
    - 7.5.6.2. Argentina Market Revenue, By Source, 2016 – 2028
    - 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
  - 7.5.7. Rest of Latin America
    - 7.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
    - 7.5.7.2. Rest of Latin America Market Revenue, By Source, 2016 – 2028
    - 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
- 7.6. The Middle-East and Africa
  - 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion) (Tons)
  - 7.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
  - 7.6.3. The Middle-East and Africa Market Revenue, By Source, 2016 – 2028
  - 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
  - 7.6.5. GCC Countries
    - 7.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
    - 7.6.5.2. GCC Countries Market Revenue, By Source, 2016 – 2028
    - 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
  - 7.6.6. South Africa
    - 7.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
    - 7.6.6.2. South Africa Market Revenue, By Source, 2016 – 2028
    - 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
  - 7.6.7. Rest of Middle-East Africa
    - 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
    - 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Source, 2016 – 2028
    - 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
Chapter No. 8 : Food Additives Market – Industry Analysis
- 8.1. Introduction
- 8.2. Market Drivers
  - 8.2.1. Driving Factor 1 Analysis
  - 8.2.2. Driving Factor 2 Analysis
- 8.3. Market Restraints
  - 8.3.1. Restraining Factor Analysis
- 8.4. Market Opportunities
  - 8.4.1. Market Opportunity Analysis
- 8.5. Porter’s Five Forces Analysis
- 8.6. PEST Analysis
- 8.7. Regulatory Landscape
- 8.8. Technulogy Landscape
- 8.9. Regional Market Trends
  - 8.9.1. North America
  - 8.9.2. Europe
  - 8.9.3. Asia Pacific
  - 8.9.4. Latin America
  - 8.9.5. The Middle-East and Africa
- 8.10. Pricing Analysis
- 8.11. Value Chain Analysis
- 8.12. Downstream Buyers
- 8.13. Distributors/Traders List
Chapter No. 9 : Competitive Landscape
- 9.1. Company Market Share Analysis – 2019
  - 9.1.1. Global Food Additives Market: Company Market Share, 2019
  - 9.1.2. Global Food Additives Market, Company Market Revenue, 2016 – 2019 (USD Billion)
  - 9.1.3. Global Food Additives Market, Company Y-o-Y Growth, 2017 – 2019 (%)
  - 9.1.4. Global Food Additives Market: Radar Determinant Chart, 2019
- 9.2. Strategic Developments
  - 9.2.1. Acquisitions & Mergers
  - 9.2.2. New Product Launch
  - 9.2.3. Regional Expansion
- 9.3. Company Strategic Developments – Heat Map Analysis
Chapter No. 10 : Company Profiles
- 10.1. INTERNATIONAL FLAVORS AND FRAGRANCES
  - 10.1.1. Company Overview
  - 10.1.2. Key Executives
  - 10.1.3. Product Portfulio
  - 10.1.4. Financial Overview
  - 10.1.5. Operating Business Segments
  - 10.1.6. Business Performance
  - 10.1.7. Recent Developments
- 10.2. Tate & Lyle PLC
- 10.3. Hansen Hulding A/S
- 10.4. Kerry Group Plc
- 10.5. Ajinomoto Co Inc
- 10.6. BASF SE
Chapter No. 11 : Marketing Strategy Analysis
- 11.1. Marketing Channel
- 11.2. Direct Marketing
- 11.3. Indirect Marketing
- 11.4. Marketing Channel Development Trends
- 11.5. Economic/Pulitical Environmental Change
Chapter No. 12 : Research Methodulogy
- 12.1. Research Methodulogy
- 12.2. Phase I - Secondary Research
- 12.3. Phase II - Data Modeling
  - 12.3.1. Company Share Analysis Model
  - 12.3.2. Revenue Based Modeling
- 12.4. Phase III - Primary Research
- 12.5. Research Limitations
  - 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Food Additives market. Zion Research has collected and analyzed key data belong to the global Food Additives market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Food Additives across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Food Additives industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Food Additives market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split by segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.

Free Analysis

Food additives are substances which are added to food which help to either improve the texture, color, flavor, or chemical preservatives, taste, appearance or function as the processing aid. Food additives as nonnutritive substances added intentionally to food, generally in small quantities, to improve its appearance, flavor, texture or storage properties. Food additive provides multiple advantages such as protection against food spoilage during storage, transportation, distribution or processing. Over 3,000 different chemical compounds are used as food additives. Food additives are gaining huge demand as a result of wide range of requirements of the food industry, end consumers, and regulatory bodies across the globe.

Increases in population coupled along with growing demand for food are expected to be the major drivers for the global food additives market. In addition, consumer demand for better quality food is expected to trigger the growth of food additives market in the coming years. Moreover, increasing demand for premium food products especially in developed countries is expected to play a vital role in the growth of food additives market. However, strict regulations laid down by the regulating bodies such as the European Food and Safety Authority (EFSA), Food and Drug Administration (FDA) and the European Union (EU) Legislation regarding the safety of food additives may possibly act as a restrain for global food additives market. Moreover, limited availability and the high cost of naturally sourced additives is expected to act as restrain for food additives market. Nevertheless, emerging markets across the globe are expected to act an opportunity for food additives market in near future.

Global-Food-Additives-Market

Based on type the food additives market can be segmented as flavors, hydrocolloids, acidulants, colors, emulsifiers, preservatives and sweeteners. Growing consumer demand for low salt and sugar-free products owing to their health benefits is expected to drive growth. In 2016, flavors segment held the largest market share of food additives market. Flavors segment due to the different flavor demands, which vary across different regions. The consumption of sweeteners in food products has attained global importance owing to its sugar substitution ability thereby impacting the health of consumers. Based on application, the food additives market is segmented into bakery & confectionery, beverage, sauces, dressings, spices & condiments, convenience foods, dairy & frozen desserts, and others. Presently, beverages segment held the largest market share. While, dressings, spices & condiments segment are projected to grow at a fastest CAGR during the forecast period. Based on source the food additives market is segmented into natural and artificial food additives. Artificial food additives demand is expected to increase rapidly during the forecast period.

North America region held the largest market share in 2016 as a result of heavy demand from the U.S. North America region was followed by Europe. Europe is also expected to growth at a noticeable growth rate during the forecast period. Asia Pacific region is expected to grow at a fastest CAGR during the forecast period. Changing consumer preference and increasing demand for healthy, natural and organic food is expected to drive market in this region. Latin America is predicted to grow at the lucrative pace especially due to growth in Brazil. Middle East and Africa is projected to have a moderate growth in the forecast period.

Some of the key players operating into this market include International Flavors and Fragrances, Tate & Lyle PLC., CHR. Hansen Holding A/S, Kerry Group Plc, Ajinomoto Co Inc., and BASF SE among others. Companies operating into this market particularly focus on merger and acquisition strategy in order to improve its market position.

Frequently Asked Questions

What was the value of global Food Additives market in 2020?

The global Food Additives market was valued at USD 34.4 Billion in 2020.

What will be the size of the global Food Additives market in 2028?

The global Food Additives market is expected to reach USD 47.1 Billion by 2028, growing at a CAGR of 3.9% between 2021 to 2028.

What are the key factors driving the global Food Additives market growth?

Some of the key factors driving the global Food Additives market growth are Favorable regulations by FDA pertaining to the approval of food additives, Increasing demand for clean labeled products along with innovation in the food industry

Which region will make notable contributions in the global Food Additives market?

North America was the biggest area for food additives market in 2020 and is likely to sustain its position in the years to come. The food additives market is majorly boosted by the rising demand from the U.S. for food additives. North America grabbed over 30% share of the global food additives market in 2020.

Who are the major companies operating in the global Food Additives market?

Some of the major companies operating in Food Additives market are International Flavors and Fragrances, Tate & Lyle PLC., CHR. Hansen Holding A/S, Kerry Group Plc, Ajinomoto Co Inc., and INTERNATIONAL FLAVORS AND FRAGRANCES SE among others.