Food Additives Market Size & Share Report, 2022-2030

The global food additives market size was valued at USD 99.22 billion in 2021, and is predicted to be worth around USD 155.48 billion by 2030, registering a CAGR of 6.5% during the forecast period 2022 to 2030.

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Growth Factors

Rising consumption of ready-to-eat, ready-to-cook, and meal replacement food and beverages are expected to fuel the demand for food additives. For instance, according to the survey results published by the Food Standards Agency in May 2021, approximately 81.0% of survey respondents in the U.K. confirmed buying processed food products from April 2020 to March 2021. Food additives are commonly added to these products to enhance their appearance and mouthfeel.

The requirement of improving taste, texture, mouthfeel, and overall appearance of food and beverages is expected to propel the demand for food additives. The growing food and beverages industry globally is the key factor driving the market. The consumption of packaged food products and beverages across the world is rising due to the changing dietary patterns of the population. This is expected to contribute to the surging demand for additives used during food processing to improve its quality and nutritional content.

Manufacturers of food and beverage products are formulating their products with botanical ingredients due to shifting consumer preference towards plant-based diets. Plant-derived products often impart unpleasant or bitter after taste leading to an unappealing mouthfeel. Demand for food additives has surged as they are used as flavors, sweeteners, hydrocolloids, and preservatives to enhance taste and texture and increase the shelf life of such products.

Report Coverage

Report Scope Details
Market Size US$ 155.48 billion by 2030
Growth Rate CAGR of 6.5% From 2022 to 2030
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product, Source, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned ADM; Chr. 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; Corbion; Fooding Group Limited; DuPont; The Kraft Heinz Company

By Product Analysis

The sweeteners segment dominated the market with a revenue share of more than 55.0% in 2020. Rising awareness regarding obesity and cardiovascular disease is expected to limit the demand for fatty foods and foodstuff added with high fructose corn syrup (HFCS)and sucrose, which are considered high-calorie sweeteners.

PepsiCo announced its goal to reduce the average level of added sugars in its beverages by 25% by 2025 and 50% by 2030. It is aiming to reformulate products using low-calorie sweeteners.

Flavors and enhancers improve the taste of food and beverages. Food and beverage manufacturers have been focusing on reducing salt and sugar content in their products and hence, the demand for flavor enhancers is on the rise as they can boost the flavor without using salt or sugar.

On-the-go food products are largely in demand from consumers with a preference for conveniently packaged food items. This factor is prompting food processing companies to add shelf-life stabilizers or food preservatives to products to extend their shelf life without compromising on quality.

By Source Analysis

The natural segment dominated the market with a revenue share of over 80.0% in 2020.  Naturally sourced additives are safer for human consumption in comparison to their chemical counterparts.

Market players have been focusing on widening their portfolio based on plant-based ingredients due to its rising consumer demand. In April 2021, ADM opened its new cutting-edge, plant-based innovation lab, located in ADM’s Biopolis research hub in Singapore.

Modern Plant-Based Foods Inc. partnered with Real Vision Foods, LLC, a natural food manufacturer, for the production of plant-based bars and meals for high-performance cognitive athletes. Thus, increased demand for natural additives from food and beverage manufacturers is expected to support the growth of the natural source segment.

The production cost of synthetic additives is lower than natural additives. Synthetic additives eliminate the need for procuring highly-priced natural raw materials and their expensive and time-consuming extraction processes.

By Application Analysis

The bakery and confectionery segment dominated the market with a revenue share of over 30.0% in 2020.  Several additives including enzymes, sweeteners, emulsifiers, and dietary fibers are used to improve the quality of bakery and confectionery products.

The company offers a wide range of bakery enzymes, including POWERBake, POWERSoft Cake, POWERFlex, and POWERFresh enzymes, such as lipase and xylanase, used for extending dough stability, dough strengthening, and offering tolerance and robustness to flour quality.

Beverages such as sports drinks, flavored water, flavored milk, and other ready-to-drink (RTD) beverages can be easily consumed on the go while commuting and are thus, anticipated to witness surged demand from the young generation.

The rising demand for various alcoholic and non-alcoholic drinks with varied flavor options is expected to fuel the growth of the beverage segment globally.

Consumption of dairy products is rising worldwide owing to the high nutritional content of milk. As per the Food & Agricultural Organization, the per capita consumption of processed dairy products in milk solids increased from 23.6 kg in 2018-20 to 25.2 kg by 2030.

By Regional Analysis

The Asia Pacific market held the largest revenue share of over 30.0% in 2020 on account of the presence of a large consumer base and end-use industries. As per survey results published by the Journal of Ethnic Foods, in July 2021, about 79.67% of adult Chinese respondents consumed fast food.

The North American market is driven by the rising consumption of processed food products including ready meals and on-the-go breakfast products. This can be attributed to the busy lifestyle of the population in the region.

Europe is expected to expand at a CAGR of 5.2% over the forecast period with rising demand for cakes, pastries, bread-based products, and beverages. An increasing health-conscious population is expected to support sales of healthy food and beverages in Europe. According

Key Players

  • ADM
  • Chr. 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
  • Corbion
  • Fooding Group Limited
  • DuPont
  • The Kraft Heinz Company

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Market Segmentation

  • Product
    • Flavors & Enhancers
    • Sweeteners
      • HIS
      • HFCS
      • Sucrose
      • Others
    • Enzymes
    • Emulsifiers
      • Mono, Di-Glycerides & Derivatives
      • Lecithin
      • Stearoyl Lactylates
      • Sorbitan Esters
      • Others
    • Shelf-life stabilizers
    • Fat Replacers
      • Protein
      • Starch
      • Fat
    • Prebiotics
    • Probiotics
    • Dietary Fibers
    • Others
  • Source
    • Natural
    • Synthetic
  • Application
    • Bakery &Confectionery
    • Beverages
    • Convenience Foods
    • Dairy & Frozen Desserts
    • Spices, Condiments, Sauces & Dressings
    • Others

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Food Additives Market, By Product

7.1.  Food Additives Market, by Product, 2021-2030

7.1.1.    Flavors & Enhancers

7.1.1.1.        Market Revenue and Forecast (2019-2030)

7.1.2.    Sweeteners

7.1.2.1.        Market Revenue and Forecast (2019-2030)

7.1.3.    Enzymes

7.1.3.1.        Market Revenue and Forecast (2019-2030)

7.1.4.    Emulsifiers

7.1.4.1.        Market Revenue and Forecast (2019-2030)

7.1.5.    Shelf-life stabilizers

7.1.5.1.        Market Revenue and Forecast (2019-2030)

7.1.6.    Fat Replacers

7.1.6.1.        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Food Additives Market, By Source

8.1.  Food Additives Market, by Source, 2021-2030

8.1.1.    Natural

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Synthetic

8.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global Food Additives Market, By Application

9.1.  Food Additives Market, by Application, 2021-2030

9.1.1.    Bakery &Confectionery

9.1.1.1.        Market Revenue and Forecast (2019-2030)

9.1.2.    Beverages

9.1.2.1.        Market Revenue and Forecast (2019-2030)

9.1.3.    Convenience Foods

9.1.3.1.        Market Revenue and Forecast (2019-2030)

9.1.4.    Dairy & Frozen Desserts

9.1.4.1.        Market Revenue and Forecast (2019-2030)

9.1.5.    Spices, Condiments, Sauces & Dressings

9.1.5.1.        Market Revenue and Forecast (2019-2030)

Chapter 10.      Global Food Additives Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Product (2019-2030)

10.1.2.  Market Revenue and Forecast, by Source (2019-2030)

10.1.3.  Market Revenue and Forecast, by Application (2019-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2.      Market Revenue and Forecast, by Source (2019-2030)

10.1.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.1.5.2.      Market Revenue and Forecast, by Source (2019-2030)

10.1.5.3.      Market Revenue and Forecast, by Application (2019-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Product (2019-2030)

10.2.2.  Market Revenue and Forecast, by Source (2019-2030)

10.2.3.  Market Revenue and Forecast, by Application (2019-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2.      Market Revenue and Forecast, by Source (2019-2030)

10.2.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2.      Market Revenue and Forecast, by Source (2019-2030)

10.2.5.3.      Market Revenue and Forecast, by Application (2019-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2.      Market Revenue and Forecast, by Source (2019-2030)

10.2.6.3.      Market Revenue and Forecast, by Application (2019-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Product (2019-2030)

10.2.7.2.      Market Revenue and Forecast, by Source (2019-2030)

10.2.7.3.      Market Revenue and Forecast, by Application (2019-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Product (2019-2030)

10.3.2.  Market Revenue and Forecast, by Source (2019-2030)

10.3.3.  Market Revenue and Forecast, by Application (2019-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2.      Market Revenue and Forecast, by Source (2019-2030)

10.3.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2.      Market Revenue and Forecast, by Source (2019-2030)

10.3.5.3.      Market Revenue and Forecast, by Application (2019-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2.      Market Revenue and Forecast, by Source (2019-2030)

10.3.6.3.      Market Revenue and Forecast, by Application (2019-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Product (2019-2030)

10.3.7.2.      Market Revenue and Forecast, by Source (2019-2030)

10.3.7.3.      Market Revenue and Forecast, by Application (2019-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Product (2019-2030)

10.4.2.  Market Revenue and Forecast, by Source (2019-2030)

10.4.3.  Market Revenue and Forecast, by Application (2019-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2.      Market Revenue and Forecast, by Source (2019-2030)

10.4.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2.      Market Revenue and Forecast, by Source (2019-2030)

10.4.5.3.      Market Revenue and Forecast, by Application (2019-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2.      Market Revenue and Forecast, by Source (2019-2030)

10.4.6.3.      Market Revenue and Forecast, by Application (2019-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Product (2019-2030)

10.4.7.2.      Market Revenue and Forecast, by Source (2019-2030)

10.4.7.3.      Market Revenue and Forecast, by Application (2019-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Product (2019-2030)

10.5.2.  Market Revenue and Forecast, by Source (2019-2030)

10.5.3.  Market Revenue and Forecast, by Application (2019-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2.      Market Revenue and Forecast, by Source (2019-2030)

10.5.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.5.5.2.      Market Revenue and Forecast, by Source (2019-2030)

10.5.5.3.      Market Revenue and Forecast, by Application (2019-2030)

Chapter 11.  Company Profiles

11.1.              ADM

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Chr. Hansen Holding A/S

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Ingredion Incorporated

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Novozymes A/S

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Tate & Lyle Plc

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              DSM

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Ajinomoto Co., Inc.

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Cargill, Incorporated

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              BASF SE

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Givaudan

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

Glossary of Terms

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