The global food additives market size was valued at USD 44.61 billion in 2017. Expanding food industry coupled with increasing consumer spending is expected to drive the global food additives market demand over the projected period.
Over the past few years, increasing demand for food additives for taste enhancement, appearance, food safety testing, functional specialty food ingredients, and texturizing has encouraged food and drink manufacturers. Moreover, the growing economy followed by increasing purchasing power in developing countries such as India, China, Brazil, and Indonesia is expected to increase market concentration over the coming years. Increasing consumer demand for natural ingredients is expected to be a key challenge for artificial food additives.
Sweeteners accounted for more than 15% of the global food additives market share in 2017. Growing demand from confectionery and soft drinks industries is expected to offer lucrative growth for sweeteners over the coming years. The global sugar production in 2017 was more than 180 million tons, which in turn is expected to propel sweeteners market growth. In addition, the availability of non-caloric and natural sweeteners is expected to subsequently drive the global food additives market.
The Food Additives market is expected to grow at a CAGR of 5 % to reach USD 77.53 Billion in 2030.
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Increased usage in bread, cakes, whipped topping, coffee cream, margarine, tofu, ice cream, jam, cocoa, chocolate, fresh noodles, and mashed potatoes is expected to increase the market concentration of food emulsifiers. The global food emulsifier market is expected to grow at a CAGR of 5.9% over the projected period on account of adoption in different food production processes to improve quality.
The growing prevalence of cancer, high level of cholesterol, and heart diseases are expected to increase the usage of fat replacers over the coming years. Growing consumption of frozen dessert products, beverages, dairy, and confectionery is expected to increase the adoption of protein-based fat replacers over the projected period. Rising demand for reducing fat content in food & beverages is expected to increase penetration of fat replacers.
North America food additives industry accounted for more than 20% of the global food additives market share in 2017. Rising consumption as a functional food ingredient and food safety in the food & beverage industry in U.S. and Canada is expected to increase consumption of food additives over the coming years. The U.S. accounted for more than 70% of overall North American food additives market share in 2017. More than 40,000 grocery stores and increasing non-traditional food sellers in the U.S. is expected to provide lucrative growth for the food additives market. In addition, the presence of more than 150,000 convenience stores in the U.S. has generated more than USD 170 billion sales in 2017, which in turn is expected to be a favorable factor for the development of the food additives industry. On the other side of the globe, India food additives market is anticipated to show tremendous growth potential over the projected period.
The global food additives market is fragmented in nature as a large number of well-established manufacturers are operating in this industry. Some key players present in this market are Cargill, Ajinomoto Co., Inc., Archer Daniels Midland Company, BASF SE, Mitsubishi International Food Ingredients, Inc., Tate & Lyle, Chr. Hansen A/S, Ingredion, DowDuPont, and Lonza. Manufacturers operating in this industry are adopting plant facility expansion and new product development strategies in order to strengthen the distribution network. For instance, in 2016, Tate & Lyle, a UK based specialty food ingredients manufacturer, opened a new manufacturing facility for oat ingredients in Kimstad, Sweden.
Global demand for macadamias, cashews, almonds, and pumpkin seeds is expected to result in manufacturers increasing their production capacity to cater to growing demand. In addition, increased dependence on raw material supply has forced manufacturers to adopt integration in the value chain. For instance, in 2015, Archer Daniels Midland Company, an American food processing company, acquired seed and nut processing assets from California Gold Almonds, LLC.
Food Additives Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 77.53 Billion |
| Growth Rate | CAGR of 5 % during 2020-2030 |
| Segment Covered | By Raw Materials, By Type, By Application, Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Givaudan, Fooding Group Limited, Ajinomoto Co, Ltd, Cargill Incorporated, DSM, BASF SE, ARCHER DANIELS MIDLAND, E.I. DUPONT, KERRY GROUP, Lonza, Ingredion Incorporated, TATE & LYLE, CHR. HANSEN HOLDING, EVONIK INDUSTRIES, and NOVOZYMES. |
Key segments of the global food additives market
Product Overview (USD Billion)
- Flavors & enhancers
- Natural flavors
- Artificial Flavor & Enhancers
- Sweeteners
- HIS
- HFCS
- Others (Sugar, Natural)
- Enzymes
- Emulsifiers
- Mono, Di-Glycerides & Derivatives
- Lecithin
- Stearoyl Lactylates
- Sorbitan Esters
- Others
- Shelf- life stabilizers
- Fat replacers
- Protein
- Starch
- Others
- Others
Regional Overview, (USD Billion)
- North America
- U.S.
- Europe
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Frequently Asked Questions (FAQ) :
The market value of food additives market in 2030 was USD 77.53 Billion
The food additives market is growing at a CAGR of 5% over the forecast period.
The top companies that hold the market share in food additives market are Cargill, Ajinomoto Co., Inc., Archer Daniels Midland Company, BASF SE, Mitsubishi International Food Ingredients, Inc., Tate & Lyle, Chr. Hansen A/S, Ingredion, DowDuPont & among others.