Food Additives Market Report 2024: Growth, Trends, Analysis, Demand, Forecast 2033

"The new report published by The Business Research Company, titled ""Food Additives Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the food additives market size has grown strongly in recent years. It will grow from $48.14 billion in 2023 to $51.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The food additives market size is expected to see strong growth in the next few years. It will grow to $64.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.

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Increasing Consumption Of Ready-To-Eat Food Drives Growth In The Food Additives Market
Increasing consumption of ready-to-eat food is expected to propel the growth of the food additives market going forward. 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. For instance, in August 2023, according to a survey conducted by Itochu Corporation , a Japan-based trading company, about 45% of 9,461 respondents said that they consume bento boxes - also known as ready-to-eat (RTE) lunch boxes - sold at convenience stores. Results showed that more than 10% of people who buy bento boxes eat them more than once a week, with the ratio being high among men and young consumers. Therefore, increasing consumption of ready-to-eat food is expected to propel the growth of the food additives market going forward.

Food Additives Market Sees A Surge In Product Innovations With The Launch Of Nine New Sweetener Products By Lifeasible
Product innovations are a key trend gaining popularity in the food additives market. 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. A sweetener is a material that is added to food or beverages to give them a sweet flavor, either because it actually contains sugar or a sugar substitute that has been sweetened. Artificial sweeteners are now widely utilized in processed foods and beverages that are made commercially. There are also some organic, non-sugar sweeteners, like the glycyrrhizin in licorice.

The food additives market covered in this report is segmented -
1) By Product: Preservatives, Bulk Sweeteners, Sugar Substitutes, Emulsifiers, Anti-Caking Agents, Enzymes, Food Flavors, Food Colorants, Acidulants
2) By Source: Synthetic, Natural
3) By Application: Beverages, Bakery, Confectionery, Sauces And Dressings, Dairy, Other Applications

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Major companies operating in the food additives market report are Ajinomoto Co Inc., Archer Daniels Midland Company, Badische Anilin und Soda Fabrik, Cargill Incorporated, Chr. Hansen Holding A/S, Givuadan SA, Ingredion Incorporated, Kerry Group Plc., Tate & Lyle Plc., Novozymes A/S, Koninklijke DSM N.V., E. I. Du Pont de Nemours and Company, Evonik Industries AG, Lonza Group AG, Corbion N.V., DuPont de Nemours Inc., AGRANA Beteiligungs AG, Koninklijke DSM NV, International Flavors & Fragrances Inc., Biospringer, Ingredaco, Economy Polymers & Chemicals, Pharm-RX Chemical Corporation, Covia Corporation, Palmer Holland Inc., TRInternational Inc., Eastman Chemical Company, Palsgaard, DSM NV, Royal DSM

Contents of the report:
1. Executive Summary
2. Food Additives Market Report Structure
3. Food Additives Market Trends And Strategies
4. Food Additives Market - Macro Economic Scenario
5. Food Additives Market Size And Growth
…..
27. Food Additives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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