Food additives are certain ingredients added to various food products such as bakery goods, confectionaries, beverages, ready-to-eat meals, etc. to enhance their taste, flavor, color, texture, shelf life, and safety. These food additives are natural as well as synthetic. Salt, sugar, oils, spices, vinegar, etc., are some of the natural food additives used since centuries to add flavor and help in preservation of food. Moreover, various synthetic food additives such as flavoring agents, artificial colors, preservatives, acidifiers, etc. are added to packaged food products and beverages at permissible levels to enhance their shelf life and to maintain their freshness and taste. Certain additives such as enzymes are added while producing fermented products and beverages such as beer and wine to aid the fermentation process. Therefore, food additives have wide application across the food and beverages industry.
MARKET DYNAMICS
Rising consumption of packaged food products and beverages and growing usage of food additives in various food product to preserve them and enhance their palatability are the crucial factors driving the market growth. Various government and other regulatory bodies have mandated the use of food additives at permissible levels in certain food products to ensure food safety is also expected to further propel the demand for food additives over the forecast period. However, rising awareness about side effects of synthetic food additives is anticipated to hinder the market growth in the forthcoming years.
MARKET SCOPE
The "Global Food Additives Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the food additives market with detailed market segmentation by type, category, and application. The global food additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food additives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global food additives market is segmented into type, category, and application. By type, the food additives market is bifurcated into hydrocolloids, antioxidants, sweeteners, colors, preservatives, flavors & flavor enhancers, and others. By category, the food additives market is bifurcated into natural and synthetic. By application, the food additives market is bifurcated into bakery & confectionary, dairy & frozen desserts, beverages, RTC & RTD foods, breakfast cereals, sauces, dressings & condiments, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global food additives market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The food additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the food additives market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the food additives market in these regions.
MARKET PLAYERS
The report covers vital developments in the food additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the food additives market are anticipated to lucrative growth opportunities in the future with the rising demand for food additives in the global market. Below mentioned is the list of few companies engaged in the food additives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food additives market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Archer Daniels Midland
- Cargill, Inc.
- Chr. Hansen A/S
- Kerry Group
- BASF SE
- Evonik Industries AG
- Tate & Lyle PLC
- Ingredion Incorporated
- Novozymes A/S
- Kalsec Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.