Food Additives Market 2023 - By Growth Rat, Share, Analysis, Outlook and Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Food Additives Global Market Report 2023 identifies Increasing consumption of ready-to-eat food as the major driver for the Food Additives market's growth in the forecast period. Food that is in a form that may be eaten without cleaning, cooking, or additional preparation on the part of the eatery or the consumer is referred to as "ready-to-eat" food. Ready-to-eat foods use a variety of natural and artificial preservatives to reduce the likelihood of spoilage due to microbial reactions and to improve food quality.

The global food additives market size is expected to grow from $45.76 billion in 2022 to $48.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global food additives market size is expected to grow to $59.72 billion in 2027 at a CAGR of 5.4%.

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Major competitors in the Food Additives market are Ajinomoto Co Inc., Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Chr. Hansen Holding A/S, Givuadan SA.

A key trend in the Food Additives market includes product innovations. Major companies operating in the food additives market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2022, Lifeasible, a US-based biotechnology company launched nine new sweetener products under its food additives product line, for helping researchers to create more types of healthier foods. The new sweetener products launched by Lifeasible include Regular Stevia (80% -98%), Rebaudioside A, Rebaudioside E, Enzymatically Modified Stevia (EMS), Healthy ready-to-eat sugar, Sucralose, Xylitol, Erythritol, and Sorbitol.

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The Food Additives market is segmented -

• By Product: Preservatives, Bulk Sweeteners, Sugar Substitutes, Emulsifiers, Anti-Caking Agents, Enzymes, Food Flavors, Food Colorants, Acidulants
• By Source: Synthetic, Natural
• By Application: Beverages, Bakery, Confectionery, Sauces and Dressings, Dairy, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Food Additives market.

The Business Research Company's "Global Food Additives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Food Additives Market Include:

1. Executive Summary
2. Food Additives Market Characteristics
3. Food Additives Market Trends And Strategies
4. Food Additives Market - Macro Economic Scenario
5. Food Additives Market Size And Growth
…………………………………..
26. Africa Food Additives Market
27. Food Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Additives Market
29. Food Additives Market Future Outlook and Potential Analysis
30. Appendix

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