Comprehensive Analysis on Food Additives Market with Key Players: Adani Wilmer, Ajinomoto, BASF, Cargil, DuPont, Archer Daniels Midland Company

Global food additives market is likely to observe a commendable upsurge on account of the change in purchasing patterns of consumers in urban locations to comply with a fast-paced lifestyle that includes buying packaged and processed food. Consumer needs have however evolved from the humble salt, sugar and vinegar, to additives that are nutritious, flavorful, safe, presentable, convenient and affordable. Powered by the robust demand for such flavor enhancers, sweeteners, emulsifiers, and sugar substitutes, food additives market is likely to depict an appreciable incline ahead. Despite the addition of certain chemicals, the lure for fresh, flavorful and most importantly safe meals has led to food additives market trends depicting a massive transformation lately. Global Food Additives Market may surpass USD 115 billion by 2024; according to a new research report.

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North America driven by the U.S., Canada and Mexico food additives Market is expected to reach at USD 29 billion by 2024. The growing demand for confectionery and beverage products in North America due to hectic lifestyle, increased urbanization and growing retail and hospitality sector is in turn expected to drive the growth demand in the region.

Sweeteners Market is projected to surpass over USD 60 billion by 2024. Consumers believe in low-calorie sweeteners will effective for various purposes which includes weight reduction, weight maintenance, management of diabetes and reduction in the risks associated with obesity, thereby driving the industry growth. Asia Pacific natural sweetener Market is likely to witness a significant gain at over 4.5% during the forecast timeframe. Natural sweetener increases the stability of the products and is also used in milk formulations to increase the bioactive calcium.

Food additives Market from beverage application is projected to reach over USD 50 billion by 2024. They are widely used in various beverage applications including soft drinks, juices, coffee, and wines. Fumaric acid is used as an additive in alcoholic beverages, including spirits, beer, malt beverages, wine, wine coolers and low-alcohol beverages, thereby propelling the industry growth.

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Asia Pacific led by Japan, South Korea, India and China food additives Market is expected to reach at USD 40 billion by 2024. Rising awareness about high nutritional diet and increasing need to impart ethnic taste are playing a key role in accelerating demand in the region. The Indian food processing industry is expected to grow with a rapid pace over forecast period. This creates a highly conducive environment for growth of the regional market, buoyed by rapid economic growth in emerging economies of India and China.

Food additives market share is concentrated with various players including BASF, Cargil, DuPont, ADM, Ajinomoto and Adani Wilmer are the prominent industry participants. High R&D spending by manufacturers towards comply with environmental regulations may improve & expand product diversification thereby stimulate industry growth.

Table of Contents

Chapter 2. Executive Summary
2.1. Food additives market 360 degree synopsis, 2018 -2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends

Chapter 3. Food Additives Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.3.2.1. Collaboration/Partnerships
3.3.2.2. Contract manufacturing
3.3.2.3. Distributors
3.3.2.4. Technology providers
3.3.3. Profit margin analysis
3.4. Raw material analysis
3.4.1. Palm oil
3.4.2. Glycerol
3.4.3. Sugarcane
3.5. Technology landscape
3.5.1. Sweeteners
3.5.2. Preservatives
3.5.3. Food colorants
3.5.4. Food flavourings
3.6. Regulatory landscape
3.6.1. U.S.
3.6.1.1. Food and Drug Administration (FDA)
3.6.1.2. Part 172—Food Additives Permitted for Direct Addition to Food for Human Consumption
3.6.1.3. Part 180—Food Additives Permitted in Food or In Contact with Food
3.6.1.4. Part 182—Substances Generally Recognized as Safe
3.6.1.5. Part 184—Direct Food Substances Affirmed as Generally Recognized as Safe
3.6.1.6. Part 186—Indirect Food Substances Affirmed As Generally Recognized As Safe
3.6.2. Europe
3.6.2.1. European Commission
3.6.2.1.1. Food Additives
3.6.2.1.2. Chapter II—Community lists of approved food additives
3.6.3. China
3.6.3.1. Regulations and technical requirements
3.6.3.2. Food with approved additives
3.7. Pricing analysis
3.7.1. Regional Pricing
3.7.2. Cost structure analysis
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. North America: Favorable regulations by FDA pertaining to the approval of food additives
3.8.1.2. Europe: Increasing demand for clean labeled products along with innovation in the food industry
3.8.1.3. Asia Pacific: Increasing demand for packaged foods and growing food & beverage sector
3.8.2. Industry pitfalls & challenges
3.8.2.1. Increasing consumption of organic food and preference for no additive product

Outer scope of this report food additives are known to slow down spoilage caused by bacteria, fungi or yeast that can cause food poisoning or other illnesses. On these grounds, it is rather overt that the use of food additives among food and beverage processing companies to improve the shelf life of their products will continue to grow, thereby impacting the food additives market growth positively. Recently, for instance, U.S. firm Ingredion was reported to have pumped up its starch production business in China through new investments. Besides, China the firm is also investing in Thailand to meet growing demand for Tapioca starch, a powdery substance used to thicken soups, fillings, puddings etc. Powered by the rapidly increasing product demand across a slew of geographies and the growth of the food processing industry worldwide, food additives market will continue to be the recipient of numerous lucrative opportunities.

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