Asia-Pacific Food Additives Market - Growth, Trends and Forecasts (2019 - 2024)

Market Overview

Asia-Pacific food additives market is forecasted to grow at a CAGR of 6% during the forecast period (2019-2024).

• Increasing disposable incomes, working populations and busy lives are driving consumers toward convenience food category. However, growing consumer awareness on adverse impacts of chemical additives is pressurizing the food & beverage industry to introduce natural additives category.
• The food additives ingredients markets see an opportunity coming in the form of rising innovations to meet the nutraceutical ingredients market requirements. However, several complexities are restricting the growth of Asia-Pacific food additives market.

Scope of the Report

Asia-Pacific food additives market offers a wide range of products including preservatives, sweeteners, emulsifiers, anti-caking agents, enzymes, hydrocolloids, food flavors and enhancers, food colorants, and acidulants applicable to beverages, bakery, meat and meat products, dairy products, and other industries. The study also covers the geographic analysis of the countries including China, Japan, India, and Australia

Key Market Trends

Bakery Holds a Great Potential

The population of Asia-Pacific represents diversified tastes and preferences; thus, manufacturers are constantly innovating and widening their product portfolio to meet the dynamic consumer demands. Hectic lifestyles, associated with most urban regions of APAC, present a suitable opportunity for on-the-go breakfast and convenient baked goods. In the booming markets of Asia, indulgence is leading the growth in baked goods and pastries, in particular. Asia-Pacific boasts the highest pastry sales globally and accounts for the majority of global growth within the pastry segment.

China Dominates the Regional Market

Owing to the large population base with a potential consumer market, China remains a lucrative market for food additives in the region. Moreover, the country is experiencing significant development in terms of new product launches and innovations. Major companies are strategizing business expansion in order to increase market penetration and are investing to supplement the production facility in the country. For instance, key players such as Givaudan, Chr Hansen, and Palsgaard own manufacturing units in China.

Competitive Landscape

Asia-Pacific food additives market is highly fragmented due to the prevalence of several local and international companies. Key players are adopting strategies such as collaborations, joint ventures, and acquisitions, in order to increase their market sales and gaining wider access to newer markets. Some of the dominant players in the market are Cargill, Kerry, Corbion, Tate & Lyle, and Dupont- Danisco.


This product will be delivered within 2 business days.