Food Additives Market Size Is Forecast To Reach US$66.61 Billion By 2028| DuPont, BASF SE, Ashland Inc.

Market Overview:
Global Food Additives Market was valued at USD 46.71 Billion in 2021 and is expected to reach USD 66.61 Billion by the year 2028, at a CAGR of 5.20%.

Food additives are a substance that is used to maintain or helps to improve the taste, quality, freshness, texture, and appearance of the food and they also help to preserve the food, from past centuries the additives such as salt (in meats such as bacon or dried fish), vinegar (pickling), smoke (smoking), sugar (in marmalade), or sulfur dioxide (in wine) for preservation. food additives have been used. This helps to process and store the food for a long period of time.

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Market Dynamics:
Driver:

Growing consumer demand for processed foods and convenience items including frozen dinners, snacks, and ready-to-eat meals. Urbanization, a rising middle class, more working women, and greater disposable income all contribute to the growing demand for processed and packaged foods in both developed and developing parts of the world. Solutions for food processing and packaging are therefore in great demand. Food additives are frequently used in processed and convenience food products to maintain the original characteristics of processed foods, such as their freshness, safety, flavour, appearance, and texture. For instance, preservatives inhibit or delay the growth of microorganisms (such as mould on bread) and thickeners prevent the oxidation of fats and oils.

Opportunities:
With the increased demand for several meals and drinks to meet escalating customer demands, the factors and causes that affect packaged food and beverages have changed dramatically. A few of the many additives include emulsifiers, anti-caking agents, sweeteners, preservatives, food colours, and food flavours. Nowadays, consumers seek tasty, nutritious foods and drinks, like soft drinks, milkshakes, and fruit juices, which frequently contain food colouring, natural food flavours, preservatives, and sweeteners. Customers typically prefer processed foods since they are quick and fast to consume due to their busy lifestyles, such as ready-to-eat food items or canned foods these are the opportunities in the future.

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Market Segmentation
By Type
• Acidulants
• Colors
• Emulsifiers
• Flavors
• Sweeteners
• Others

By Application
• Food & Beverages
• Diary & Frozen Products
• Bakery & Confectionary
• Spices & Condiments
• Sauces & Dressings
• Convenience Foods
• Others

By Source
• Natural
• Synthetic

By Distribution Channels
• Specialty Store
• Supermarket/Hypermarket
• Online
• Others

Regional Analysis:
In Asia Pacific region dominate the food additive market owing to high population, availability of natural food additives, growing demand for food preservatives, rising awareness of food safety and increasing consumption for food safety which leads to market growth over forecast period.
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Food Additives Market are:
• DuPont
• Archer Danial Midland (ADM) Company
• CHR Hansen Holding A/S
• BASF SE
• Cargill Incorporated
• Kerry Group Plc.
• Ashland Inc.
• Tate and Lyle Inc.
• Corbion NV
• Royal DSM NV
• Red Arrow International Inc.
• McCormick and Company inc.
• Associated British Food Plc.
• International Flavors and Fragrance Inc. and other major players.

Key Industry Developments
• In February 2019, Frutarom Natural Solutions Ltd is the subdivision of International Flavors and Fragrance Inc, has received organic certification for their natural annatto color by the US Department of Agriculture and The European Organic Certifiers Council.
• In September 2020, CHR Hansen Holding A/S announced that they sell its subdivision of Natural Color Business to the EQT IX.

Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
 3.3 By Source
 3.4 By Distribution Channels
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Food Additives Market by Type
 5.1 Food Additives Market Overview Snapshot and Growth Engine
 5.2 Food Additives Market Overview
 5.3 Acidulants
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Acidulants: Grographic Segmentation
 5.4 Colors
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Colors: Grographic Segmentation
 5.5 Emulsifiers
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Emulsifiers: Grographic Segmentation
 5.6 Flavors
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Flavors: Grographic Segmentation
 5.7 Sweeteners
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Sweeteners: Grographic Segmentation
 5.8 Others
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size (2016-2028F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Others: Grographic Segmentation

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