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Food Additives Market Size By Product (Flavors & Enhancers, Sweeteners, Acidulants, Shelf-Life Stabilizers, Enzymes, Hydrocolloids, Preservatives), By Application (Bakery & Confectionery, Food & Nutrition, Beverages, Dairy & Frozen Desserts, Sauces & Dressings), 2023 - 2032

  • Report ID: GMI155
  • Published Date: Mar 2023
  • Report Format: PDF

Food Additives Market Size

Food Additives Market size valued at USD 100 billion in 2022 and is projected to register 7% CAGR from 2023 to 2032.
 

Food Additives Market

Increasing consumer inclination towards clean labeled products will have a positive impact on the industry size. Rising disposable incomes and the rapid penetration of clean food trends across developed and developing economies, particularly across Europe are driving the demand for novel food additives. Moreover, the recent technological breakthroughs and innovations in plant-based food ingredients will complement the industry outlook. The significant rise in the number of clean labeled food manufacturers is offering lucrative scope for new product developments. For instance, in March 2023, InnovoPro, a global leader in chickpea protein, unveiled Cacio e Pepe Plant-Based Cheese Crisps made from its clean-label ingredient, CP-Pro 70® chickpea protein concentrate.
 

Growing preference for additive-free alternatives may impede product demand

Increasing consumption of additive-free and organic food products could hamper the food additives market growth. With the growing consumer awareness regarding harmful preservatives and synthetic additives, the demand for natural and organic foods has increased substantially in the recent past. The rising adoption of healthier lifestyle choices for the overall fitness and well-being of consumers is further driving the demand for additive-free and preservative-free packaged foods, limiting the use of food additives. However, recent advancements in plant-based ingredients, enzymes, and nutrients will spur the industry demand.
 

Food Additives Market Analysis

Food Additives Market Size By Region

Based on product, the food additives market share from sweeteners segment is estimated to record 8.8% CAGR between 2023 and 2032. Sweeteners are widely used in food, beverages, bakery items, confectioneries, and low-calorie synthetic products. In the recent past, low-calorie sweeteners have gained significant traction among health-conscious consumers due to their physiological and psychological benefits. They have a myriad of health advantages, including reduced dental caries, weight management, limited risks associated with obesity, and management of diabetes. The rising incidence rate of chronic illnesses, such as diabetes and obesity will propel the demand for low-calorie and natural sweeteners.
 

Other food additives products used by food and beverage manufacturers include food enzymes, acidulants, flavors, emulsifiers, colorants, preservatives, and shelf-life stabilizers. The food additive market from the enzymes product segment will gain traction through 2032. Enzymes are emerging as popular food additives that enhance the taste, texture, and appearance of food products. In addition to the physical and chemical characteristics of foods and beverages, enzymes are also considered to have a positive impact on consumer health.
 

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food additives reached USD 100 billion in 2022 and is poised to grow at 7% CAGR from 2023 to 2032.

The sweeteners segment is expected to witness over 8.8% CAGR through 2032, due to the health benefits of low-calorie sweeteners in weight management.

The market size for food additives in Asia Pacific is likely to reach USD 75 billion by 2032, owing to the increasing production of agriculture and processed food products in India.

BASF SE, Bio Springer, Cargill Inc., Novozymes, DuPont, Corbion, Givaudan S.A., Kerry Group, Lonza Group, Palsgaard A/S, and Tate & Lyle PLC are some of the major manufacturers of food additives.

Food Additives Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 4097
  • Countries covered: 23
  • Pages: 1200
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