Mexico Food Additives Market - Growth, Trends and Forecasts (2020 - 2025)

The Mexico Food Additives market is projected to grow at a CAGR of 4.57% during the forecast period (2020 - 2025).

• Food additives comprise of a varied number of additives being utilized in numerous end-user industries. For example, there is an increasing demand for zero-calorie sweeteners in the country. Therefore, an increasing number of food and beverages manufacturers are launching zero calories beverages in the market.
• The demand for convenient food products has recorded robust growth, owing to changing lifestyles and dietary preferences. Food additives such as preservatives, emulsifiers, stabilizers, and others, enhance the nutritional profile of the packaged food and extend their shelf-life, thereby pushing for higher demands.

Key Market Trends

Increasing Demand For Preservatives in the Food Industry

Preservatives slow product spoilage caused by mold, air, bacteria, fungi, or yeast. In addition to maintaining the quality of the food, they help control contamination that can cause foodborne illness, including life-threatening botulism. One group of preservatives; antioxidants, prevent fats and oils, and the foods containing them from becoming rancid or developing an off-flavor.

Despite the functional benefits of chemical preservatives, they are known to be unhealthy, as a result of which, natural preservatives are being increasingly preferred. The growing trend of having a healthy lifestyle has also led to an increase in demand for foods that contain natural ingredients, like natural preservatives. Sorbic acid, benzoic acid, nisin, and acetic acid are the majorly used as preservatives in the food & beverage industry.

Expanding Applications of Food Additives To Drive Sales

Food additives are largely used across several industries including bakery, confectionery, dairy, beverages among others. There have been robust demands for bakery ingredients such as starches, sweeteners, and emulsifiers with improved nutrient profile especially in terms of fat composition. The bakery ingredients are expected to help food processors in minimizing the cost associated with key ingredients, such as dairy, soy, and eggs. A trend is on the rise, with the availability of customized bakery ingredients, including non-fat dairy alternatives, liquid whole egg alternatives, and dough ingredients, which contain fat replacement properties and provide crispy texture, as well as a tender structure than eggs in cakes.

Also, starches are widely utilized in a plethora of beverages including soft drinks, fruit drinks, brewing, and alcoholic beverages. The starches are increasingly utilized for instant beverage mixes wherein it acts as a thickener, flavor carrier, and a bulking agent. Therefore increasing demand for food additives in various application segments is expected to contribute towards the market growth.

Competitive Landscape

The Mexico food additives market is flourished with numerous global as well as regional players. Some of the major players in the Mexico food additives market include Cargill Incorporated, DuPont de Nemours, Inc., Tate & Lyle PLC, Kerry Group, Koninklijke DSM NV, Archer Daniels Midland among others.

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