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Food Additives - Global Market Trajectory & Analytics

  • ID: 2785218
  • Report
  • May 2021
  • Region: Global
  • 934 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Ajinomoto Co., Inc.
  • Cargill Inc.
  • Corbion NV
  • Firmenich SA
  • GELITA AG
  • Ingredion Inc.

Global Food Additives Market to Reach $59 Billion by 2026


Food additives are ingredients or substances that are added to foods and beverages with the aim to improve taste, texture, color and flavor of products. The use of food additives is an age-old approach to preserving and protecting foods against spoilage. While direct food additives are added to foods for specific purposes, example being salt, use of indirect food additives is aimed at improving storage, handling and packaging of food products. Food additives thus play a critical role in improving food palatability, maintaining quality, increasing shelf-life of foods, and protecting food against spoilage, all of which are integral to the commercial success of packaged and processed foods industry.

Amid the COVID-19 crisis, the global market for Food Additives estimated at US$45.7 Billion in the year 2020, is projected to reach a revised size of US$59 Billion by 2026, growing at a CAGR of 4.4% over the analysis period. Acidulants, one of the segments analyzed in the report, is projected to grow at a 5% CAGR to reach US$4.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sweeteners segment is readjusted to a revised 3.4% CAGR for the next 7-year period. This segment currently accounts for a 10.8% share of the global Food Additives market.

The U.S. Market is Estimated at $12.7 Billion in 2021, While China is Forecast to Reach $11.7 Billion by 2026


The Food Additives market in the U.S. is estimated at US$12.7 Billion in the year 2021. The country currently accounts for a 27.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$11.7 Billion in the year 2026 trailing a CAGR of 7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach US$12.6 Billion by the end of the analysis period.

Rising demand for processed, packaged and convenience foods, specifically in developing economies, constitutes a major driving factor for the global food additives market. Changing and diversifying consumer tastes and escalating demand for foods and beverages with higher nutritional value, without compromising visual appearance, are also making it essential for food companies to use food additives. With hectic lifestyles of people and growing workforce population, particularly expanding female workforce, changing consumer lifestyles and urbanization trend contributing to increased sales of packaged foods such as frozen meals, ready-to-eat meals and appetizers, food companies are increasing production capacity of such products, thus fueling demand for food additives. With food manufacturing companies looking for ways to prolong shelf-life of products without affecting the flavor or appearance, maintaining consistent quality and ensuring food safety, additives are being widely used to ensure the same during transportation to storage facilities.

Vitamins & Minerals Segment to Reach $2.7 Billion by 2026


In the global Vitamins & Minerals segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$365.1 Million by the year 2026, while Latin America will expand at a 3.9% CAGR through the analysis period.

Select Competitors (Total 237 Featured) -

  • Ajinomoto Co., Inc.
  • Archer Daniels Midland Company
  • Ashland Global Holdings Inc.
  • Associated British Foods Plc
  • BASF SE
  • Cargill Inc.
  • Chr. Hansen Holding A/S
  • Corbion NV
  • DuPont de Nemours Inc.
  • Firmenich SA
  • FMC Health and Nutrition
  • GELITA AG
  • Givaudan SA
  • Ingredion Inc.
  • International Flavors & Fragrances Inc.
  • Jungbunzlauer Suisse AG
  • McCormick & Company Inc.
  • Novozymes A/S
  • Royal DSM N.V.
  • Sensient Technologies Corporation
  • Symrise AG
  • Takasago International Corporation
  • Tate & Lyle PLC
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ajinomoto Co., Inc.
  • Cargill Inc.
  • Corbion NV
  • Firmenich SA
  • GELITA AG
  • Ingredion Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Food Additives: Rising Demand for Processed Foods to Propel Growth
  • World Food Additives Consumption by End-Use Sector (2019): Percentage Breakdown of Value Sales for Bakery & Confectionery, Beverages, Dairy & Frozen Desserts, Processed Foods, Sauces & Dressings and Others
  • Growing Food & Beverage Industry and Robust Application Opportunity in Beverages Drive Demand for Food Additives
  • Exhibit 1: Global Food & Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022
  • Exhibit 2: Global Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022
  • Developed Markets Lead, Developing Regions to Drive Future Growth
  • Exhibit 3: Per Capita Consumption of Food Additives by Select Countries
  • The Diverse World of Food Additives: A Product Segment Analysis
  • Food Additives Industry: A Fragmented & Highly Competitive Marketplace
  • Exhibit 4: Food Additives Competitor Market Share Scenario Worldwide (in %): 2019
  • Exhibit 5: Food Enzymes Competitor Market Share Scenario Worldwide (in %): 2019
  • Exhibit 6: High Intensity Sweeteners Competitor Market Share Scenario Worldwide (in %): 2019
  • Exhibit 7: Flavors Competitor Market Share Scenario Worldwide (in %): 2019
  • Product Profile
  • What is a Food Additive?
  • Type of Food Additives and their Sources
  • Importance of Food Additives
  • Categorization of Food Additives
  • Acidulants
  • Select Acidulants and their Food Uses
  • Sweeteners
  • Vitamins and Minerals
  • Colorants
  • Natural Colorants
  • Synthetic Colorants
  • Flavors/ Flavor Enhancers
  • Flavors
  • Flavor Enhancers
  • Hydrocolloids
  • Emulsifiers
  • Emulsifiers: Types of Emulsifiers and Uses in Different Food Types
  • Preservatives
  • Enzymes
  • Other Food Additives
2. FOCUS ON SELECT PLAYERS
  • Ajinomoto Co., Inc. (Japan)
  • Ashland, Inc. (USA)
  • Archer Daniels Midland Company (USA)
  • WILD Flavors and Specialty Ingredients (Germany)
  • Associated British Foods Plc. (UK)
  • ABF Ingredients Ltd. (UK)
  • PGP International, Inc. (USA)
  • ACH Food Companies, Inc. (USA)
  • AVEBE U.A. (The Netherlands)
  • Biospringer (France)
  • BASF SE (Germany)
  • Cargill, Inc. (USA)
  • Chr. Hansen Holding A/S (Denmark)
  • Corbion NV (The Netherlands)
  • CP Kelco (USA)
  • DuPont de Nemours, Inc. (USA)
  • Edlong Dairy Technologies (USA)
  • Firmenich SA (Switzerland)
  • GELITA AG (Germany)
  • Givaudan SA (Switzerland)
  • Griffith Foods (USA)
  • Ingredion Incorporated (USA)
  • TIC Gums, Inc. (USA)
  • International Flavors & Fragrances, Inc. (USA)
  • Jungbunzlauer Suisse AG (Switzerland)
  • Kalsec, Inc. (USA)
  • Kerry Group (Ireland)
  • Kraft Heinz Ingredients (USA)
  • McCormick & Company, Inc. (USA)
  • Novozymes A/S (Denmark)
  • Red Arrow International LLC (USA)
  • Royal DSM N.V. (The Netherlands)
  • Sensient Technologies Corporation (USA)
  • Sethness Caramel Color (USA)
  • Symrise AG (Germany)
  • Takasago International Corporation (Japan)
  • Tate & Lyle PLC (UK)
3. MARKET TRENDS & DRIVERS
  • Changing Consumer Trends Influence Food Additive Market Dynamics
  • 'Natural' Is In
  • Exhibit 8: Global Food Additives Market by Source (2019): Percentage Breakdown of Value Sales for Natural Food Additives and Synthetic Food Additives
  • Flavor: An Ever-Changing Variable
  • Rising Demand for Ethnic Flavors in Packaged Food Products
  • Rising Concerns over Health Issues of Excessive Sugar Consumption Throws Spotlight on Sweeteners
  • Sugar Supply & Pricing Volatility Presents Growth Opportunities for Sweeteners
  • Exhibit 9: World Raw Sugar Production in Thousand Metric Tons for the Years 2013-14 through 2018-19
  • Exhibit 10: Global Average Sugar Prices in US$/gm for the Years 2014 through 2018
  • Stevia Naturally Usurps Intense Sweeteners Market
  • Rising Obesity Incidence to Boost Stevia Demand
  • Exhibit 11: Global Obesity Epidemic: Percentage of Overweight, Obese and Severely Obese Adults for 2018 & 2025
  • Exhibit 12: Obese Population (in Thousands) Worldwide by Country: 2019
  • Exhibit 13: Worldwide Prevalence of Diabetes: Number of Adults (20-79) with Diabetes by Region for 2017 and 2045
  • Exhibit 14: Global Stevia Consumption in Thousand Tonnes for 2016, 2018 & 2020
  • Zero Sugar Natural Sweetener: A Substitute for Sugar
  • Savory: A Flavor to Savor
  • Expanding Applications to Drive Acidulants Market
  • Protein Ingredients Market All Set to Grow
  • Rice Proteins Emerge as an Ideal Alternative to Soy Proteins
  • Ongoing 'Purple Invasion' in the Food Color Market
  • Pantone Driving Color Selection
  • Natural Food Coloring for Baking and Decorating
  • Advancements in Food Color Extraction Techniques Offer Improved Prospects
  • Emerging Opportunities within Natural Colors Market
  • Safety of Natural Colors Raises Concerns
  • Demand for Functional Food Additives on the Rise
  • Tert-butyl Hydroquinone: Potential Role in Addressing H7N9 Epidemic
  • Organic and Natural Foods Trend Bodes Well for Natural Food Preservatives
  • New Plant-Based Extract Blend to Replace Artificial Preservatives
  • Growing Popularity of Plant-Derived Preservatives
  • Essential Oils: The Future of Preservatives
  • Enzymes Fast Replacing Emulsifiers in Dairy and Bakery Industries
  • Favorable Economic and Demographic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • Exhibit 15: World Population by Geographic Region (2018-2050) (in Thousands)
  • Expanding Urban Population
  • Exhibit 16: World Urban Population in Thousands: 1950-2050P
  • Exhibit 17: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
  • Segmental Analysis
  • Acidulants
  • Exhibit 18: Worldwide Acidulants Market Share by Type (in %): 2019
  • Exhibit 19: Global Lactic Acid Market (2019): Percentage Breakdown of Volume Consumption by End-Use Segment
  • Hydrocolloids
  • Exhibit 20: Worldwide Hydrocolloids Market Share by Type (in %): 2019
  • Exhibit 21: Worldwide Hydrocolloids Market (2019): Percentage Breakdown of Consumption by Geographic Region/Country
  • Sweeteners
  • Exhibit 22: Worldwide Sweeteners Market Share by Type (in %): 2019
  • Exhibit 23: Worldwide High-Intensity Sweeteners Market Share by Type (in %): 2019
  • Major Sweetener Brands & their Applications
  • Dynamics of the Artificial Sweeteners Market
  • Rising Health Concerns Drive Shift from Artificial Sweeteners to Natural Sweeteners
  • Aspartame In the Eye of the Storm
  • Tate & Lyle: A Leading High Intensity Sweetener Supplier
  • Concerns Surround Neotame
  • Saccharin Found Safe for Consumption
  • Flavors
  • A Highly Competitive Market
  • Exhibit 24: Worldwide Flavors Market Share by End-Use Market (in %): 2019
  • Demand Rises for Healthy and All-Natural Flavors
  • New, Emerging Flavors in Major Food Categories
  • Confectionery Category Favors Intense, Complex Flavors
  • Preservatives
  • Rising Demand for Processed Foods to Propel Growth for Preservatives
  • Are Food Preservatives Safe?
  • Enzymes
  • Exhibit 25: Worldwide Food & Beverage Enzymes Market Share by Application (in %): 2019
  • Food Colors
  • Exhibit 26: Worldwide Food Colors Market Share by End-Use Segment (in %): 2019
  • The Rise of Natural Colors
  • List of Select Authorized Plant Colorants
  • List of Select Authorized Animal Colorants
  • Yellow and Orange Tones Stimulates Appetite
  • Red: A Vibrant Appetite-Stimulating Color
  • Purple Colorant Growing in Popularity
  • Fear of Blues and Greens
  • Challenges Galore for Natural Food Colorants
  • Food Emulsifiers
  • Innovation Characterizes the Market
  • Regulations Affecting the Food Additives Market
  • Codex General Standard for Food Additives: An International Standard
  • Regulations Governing Food Additives in the United States
  • Food Additives and Chemical Contaminants
  • FDA Regulations Governing Preservatives
  • Regulations Governing Food Additives in Japan
  • A Harmonized Regulatory Framework for Ensuring Trade within European Countries
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Consumer Shift to Healthy Foods to Drive Demand for Natural Food Additives
  • Innovations Spurred by Natural Formulations
  • Increasing Consumer Spending to Push Forth Demand for Flavors
  • New Flavor Profiles Witness Growing Popularity Among US Diners
  • Food and Drink Flavors Trends
  • Alternative Sweeteners: A Dynamic Market
  • Exhibit 27: US Alternative Sweeteners Market Share by Type (in %): 2019
  • Exhibit 28: US High Intensity Sweeteners Market Share by Application (in %): 2019
  • Shift towards Natural Colors for Beverages
  • Exhibit 29: US Food Colors Market Share by Application (in %): 2019
  • Hydrocolloids Market: Trend towards Healthy Foods Fuels Demand Growth
  • Processing Trends Drive Antimicrobial Preservatives Growth
  • Food Enzymes: Increase in Food & Beverage Processing Aids Market Growth
  • Market Analytics
CANADA

JAPAN

CHINA
  • Market Overview
  • Emulsifiers Market: Benefiting from Growth of Processed Foods Market
  • Food Enzymes Market Set for Steady Growth
  • Market Analytics
EUROPE
  • Colorants and Flavors Offer Opportunities
  • Exhibit 30: European Food Colors Market Share by Application (in %): 2019
  • Food Additives Market in Europe: An Overview
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Market Overview
  • Emerging Flavor Trends in Asia
  • Market Analytics
AUSTRALIA

INDIA
  • Food Additives Market to Experience Robust Growth
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 237
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Ajinomoto Co., Inc.
  • Archer Daniels Midland Company
  • Ashland Global Holdings Inc.
  • Associated British Foods Plc
  • BASF SE
  • Cargill Inc.
  • Chr. Hansen Holding A/S
  • Corbion NV
  • DuPont de Nemours Inc.
  • Firmenich SA
  • FMC Health and Nutrition
  • GELITA AG
  • Givaudan SA
  • Ingredion Inc.
  • International Flavors & Fragrances Inc.
  • Jungbunzlauer Suisse AG
  • McCormick & Company Inc.
  • Novozymes A/S
  • Royal DSM N.V.
  • Sensient Technologies Corporation
  • Symrise AG
  • Takasago International Corporation
  • Tate & Lyle PLC
Note: Product cover images may vary from those shown
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