About Food Additives
Food additives are substances added to food to produce specific desirable effects such as its safety, freshness, taste, texture, or appearance. They can be obtained from plants, animals or minerals and can be synthetic. Food additives such as salt, spices and sulfites are being used since ancient times to preserve foods and make them more delicious. Today various products including low-calorie, snack and ready to eat convenience foods are manufactured with food additives. Before using food additives they are checked for potential harmful effects on human health. For the large food production it is necessary to keep processed food safe and in good condition hence food additives are needed. The Joint FAO/WHO Expert Committee on Food Additives (JECFA), monitors the food additive safety.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.8% |
The food additives market is moderately concentrated with a mix of established players and niche participants. Competition is driven by innovation, cost-effectiveness, and responsiveness to evolving consumer preferences. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Additives market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Inc. (United States), BASF SE (German), Archer Daniels Midland Company (United States), DuPont de Nemours, Inc. (United States), Kerry Group (Ireland), Ingredion Incorporated (United States), Tate & Lyle Plc (United Kingdom), Chr. Hansen Holding A/S (Denmark), Evonik Industries AG (Germany) and Novozymes A/S (Denmark) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Food Additives market by Type (Acidulants, Anti-Caking Agents, Colors, Emulsifiers and Enzymes), Application (Bread, Drinks, Ready-To-Use Food, Dairy Products, Seasoning Sauce and Other) and Region.
On the basis of geography, the market of Food Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry, the sub-segment i.e. Bakery & Confectionery will boost the Food Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Nature-Based will boost the Food Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Food Additives with Innovative Flavors and Taste
Market Growth Drivers:
Increased Demand for Ready-To-Eat Food, Rising Need for Food Additives and Growing Awareness among the People about Hygienic Food
Challenges:
Stringent Government Rules and Regulations about Food Safety
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Food Industry among the Globe and Growing Demand for Food Additives for Numerous Applications
Market Leaders and their expansionary development strategies
In July 2023, Cargill launched a new line of emulsifiers made with sustainable palm oil to meet the growing demand for clean-label ingredients.
Key Target Audience
Food Additives Manufacturers, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.