According to IMARC Group’s latest report, titled “: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 50.6 Billion in 2020.
Food additives are the various edible substances that are added to food products to enhance their color, appearance, texture and shelf-life.
Edible colors, enzymes, flavors, hydrocolloids and preservatives are some of the most commonly available types of food additives that can be produced artificially or derived from natural sources, such as minerals, plants and animals.
Food additives are generally added to products, such as soups, sauces, baked goods, desserts and baby food to prevent microbial growth and contamination while increasing the overall shelf-life.
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The expanding food and beverages industry, along with elevating levels of urbanization, is primarily driving the growth of the market.
Additionally, changing dietary preferences and hectic schedules of the consumers have led to an increased demand for convenience food products that use food additives as a key ingredient.
Furthermore, growing preference for organic products has further escalated the demand for food additives manufactured using natural sources.
Additionally, the proliferating number of quick-service restaurants (QSRs) and emerging café culture are also creating a positive outlook for the global market for food additives.
Several other factors, including the launch of innovative product variants in various flavors and continuous advancements in the processing technologies, are projected to further drive the market growth in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.6% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Ajinomoto Co. Inc.
- Archer Daniels Midland
- BASF SE
- Cargill Incorporated
- Hansen A/S
- Corbion N.V.
- Dow Chemical Company
- Eastman Chemical Company
- Ingredion Incorporated
- Kerry Group
- Koninklijke DSM N.V.
- Novozymes A/S
- Tate & Lyle
Breakup by Product Type:
- Synthetic Food Colorants
- Natural Food Colorants
- Mono, Di-glycerides & Derivatives
- Sorbate Esters
- Fat Replacers
- Flavors and Enhancers
- Natural Flavors
- Artificial Flavor & Enhancers
- Shelf-life Stabilizers
Breakup by Source:
Breakup by Application:
- Bakery & Confectionery
- Convenience Foods
- Dairy & Frozen Desserts
- Spices, Condiments, Sauces & Dressings
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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