Press release
Food Additives Market to Observe Strong Development by 2024 - 2031 | Cargill Incorporated, Ajinomoto Co.
Food Additives Market
Global food additives market was valued at US$ 61,453.4 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.7% during the forecast period (2022 to 2030).
Market Dynamics:
The food additives market is expected to growth at a significant rate over the forecast period. This is owing to growing demand for convenience food and changing lifestyle of people. With rising number of working women and hectic schedules, there is a shift towards convenient packaged food and beverages. Additionally, increasing disposable income allows people to spend more on premium processed food products. Food additives play a vital role in enhancing taste and appearance of processed food to meet evolving consumer preferences. Furthermore, rising health consciousness is driving demand for all-natural, clean label, and organic food additives.
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Major Driver 1: Increasing health consciousness among consumers
There is a growing health awareness among consumers about the ill effects of artificial food additives and preservatives. More consumers are opting for natural, organic and clean label food products. This is driving the demand for natural food additives like herbs, spices and prebiotics. Food companies are also reformulating their products by replacing artificial additives with natural alternatives to cater to changing consumer preferences. The natural food additives market is growing at a fast pace due to their numerous health benefits and clean label appeal.
Major Opportunity: Developing markets in Asia Pacific and Middle East & Africa
Developing economies across Asia Pacific and Middle East & Africa are expected to provide lucrative growth opportunities for food additive manufacturers. With rising incomes and growing appetites for packaged snacks, confectionery and beverages, the demand for innovative food additives is increasing rapidly in these regions. For global players, partnerships with local food companies can help penetrate developing country markets and tap into fast-growing demand trends. Foodtech startups in these regions are also offering novel natural food additives suitable for local cuisines. This presents attractive opportunities for market expansion.
Major Trend: Shift towards natural and clean label food additives
A major global trend gaining momentum is the shift towards cleaner, simpler and more transparent food labels. Consumers want to understand ingredient lists and avoid artificial additives. This has pushed food companies to look for natural alternatives matching functionality of synthetic additives. Product launches featuring clean label, natural food colors, herbs and spices as additives are gaining traction. Technological advancements are also helping manufacturers develop natural equivalents of commonly used synthetic preservatives, flavors and sweeteners. The clean label trend will significantly impact future demand and innovation in the food additives marketplace.
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Top Companies Featured in This Report:
★ Cargill Incorporated
★ Ajinomoto Co. Inc.
★ Archer Daniels Midland
★ Alpha Ingredients Srl
★ Kerry Group
★ E. I. du Pont de Nemours and Company
★ Ingredion Incorporated
★ Chr. Hansen Holding A/S
★ BASF SE
★ Tate & Lyle PLC
★ Novozymes A/S.
Market Segmentation:
By Product Type:
★ By Product Type: Acidity Regulators, Colorants, Emulsifiers, Enzymes, Hydrocolloids, Flavoring Agents, Preservatives, Sweeteners
★ By Source: Natural, Synthetic
By Applications:
★ By Application: Bakery & Confectionery, Dairy & Frozen Desserts, Snacks & Convenience Food (Processed & Frozen), Beverages, Meat & Poultry Products, Others (Sauces, soups, and baby food)
Key Regions/Countries Classified as Follows:
» 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)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Food Additives Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Food Additives market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Food Additives market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Food Additives market.
Segment Analysis: Examining the market value and sales volume of Food Additives by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Food Additives market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Food Additives sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
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