Food Additives Industry Overview
The global food additives market size was estimated at USD 114.35 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030.
This is attributed to the expanding size of key end-use sectors, including bakery & confectionery, beverages, dairy, and convenience foods, coupled with the growing penetration of organized as well as e-retail, fueling the market growth.
Specialty food ingredients are utilized in products to enhance their properties such as taste, shelf life, texture, and health benefits. The market is classified into sensory ingredients and functional ingredients. Sensory ingredients are vital for enhancing the taste, smell, flavor, and texture of products. Functional ingredients include vitamins, acidulates, antioxidants, and other constituents that add nutritional qualities to food.
Gather more insights about the market drivers, restrains and growth of the Food Additives Market
Higher expenditure on food & beverage products in the U.S. compared to other countries across the globe due to the overall high disposable incomes of the U.S. population has increased the production of food & beverage products in the country. This can be attributed to increasing demand, which is likely to result in the growing consumption of additives in these products. Increased demand is expected to support the consumption of fat replacers and high-intensity sweeteners that lower the fat content and sugar content of food or drinks. In November 2020, BLUE CALIFORNIA launched the Destination Flavors Collection for ready-to-drink (RTD) alcoholic beverages comprising lower sugar content. The flavours offered are inspired by regional flavours such as Catalan Crush, Arctic Gem, Pacific Blossom, Thai Treat, and California Dreamin.
The consumption of packaged food products and beverages is rising globally. This is expected to contribute to the surging demand for additives used during the processing of various packaged products and beverages. For instance, according to the survey results published by the Food Standards Agency in May 2021, approximately 81.0% of survey respondents in the UK confirmed buying processed food products from April 2020 to March 2021. Rising demand for packaged products and beverages is expected to fuel the market growth of worldwide.
Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.
- The global lycopene market size was valued at USD 161.0 million in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.
- The global anti-foaming agents market size was estimated at USD 5.64 billion in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.
Food Additives Market Segmentation
Grand View Research has segmented the global food additives market report based on the product, source, application, and region:
Food Additives Product Outlook (Revenue, USD Million; 2018 - 2030)
- Flavors & Enhancers
- Sweeteners
- Enzymes
- Emulsifiers
- Shelf-life Stabilizers
- Fat Replacers
- Prebiotics
- Probiotics
- Dietary Fibers
- Others
Food Additives Source Outlook (Revenue, USD Million; 2018 - 2030)
- Natural
- Synthetic
Food Additives Application Outlook (Revenue, USD Million; 2018 - 2030)
- Bakery & confectionery
- Beverages
- Convenience foods
- Dairy & Frozen Desserts
- Spices
- Condiments
- Sauces & Dressings
- Others
Regional Outlook (Revenue, USD Million; 2018 - 2030)
- Europe
- Germany
- UK
- France
- Italy
- Spain
- North America
- S.
- Canada
- Mexico
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
Key Companies profiled:
- BASF SE
- ADM
- Hansen Holding A/S
- Ingredion Incorporated
- Novozymes A/S
- Tate & Lyle Plc
- DSM
- Ajinomoto Co., Inc
- Cargill, Incorporated
- BASF SE
- Givaudan
- International Flavors & Fragrances, Inc.
- Biospringer
- Palsgaard
- Lonza
- Sensient Technologies Corporation
- Kerry
Key Food Additives Company Insights
- BASF SE offers a wide range of food additives, including enzymes, organic acids, and alcohol, catering to various industries such as food and beverages, pharmaceuticals, and plastics. BASF SE has collaborated with other companies to open precision fermentation facilities in Singapore, showcasing their commitment to expanding their presence in the market
- ADM (Archer Daniels Midland Company) is a global leader in nutrition and agricultural processing, offering a diverse range of products and services. In the context of food additives, ADM's offerings include a wide array of agricultural commodities, ingredients, flavors, and specialty food ingredients catering to the food and beverage, animal nutrition, and industrial markets
Recent Developments
- In August 2023, BASF SEincreased their production capacity by 25% for medium-molecular weight polyisobutanes in its production facility in Ludwigshafen, Germany
- In October 2023, ADM announced its investment decision in Guadalajara Production Line. The company invested USD 33 million in order to strengthen its position in Human Nutrition and Animal Care segment
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