As per the latest analysis, the global food additive market size is estimated to reach US$ 310.9 billion in 2024. In the forecast period, global demand for food additives is projected to rise at a healthy CAGR of 7.2%, taking the overall market valuation to a massive total of US$ 551.4 billion by 2034.
Consumption of food additives remains particularly high in the beverage sector, and the trend will likely persist through 2034. This is due to the growing usage of artificial and natural sweeteners in diverse industries. The target segment is set to account for a dominant share of 34.0% in 2024.
Food additives have become essential substances in the food and beverage sector. This is due to their ability to significantly improve the freshness, flavor, and texture of food products as well as extend their shelf life.
Food additives are added to the processed food to ensure that it remains in a safe condition throughout its journey, from the industrial kitchen to warehouses & shops and finally to consumers. Some food additives have been used for centuries for preservation. These include sugar (in marmalade), sulfur dioxide (in wine), or salt (in meats such as bacon or dried fish).
To meet the evolving needs of consumers, manufacturers are offering additives obtained from various sources, including plants, animals, or minerals. For instance, new natural preservatives are being developed to preserve the nutritional quality of the food.
Top regulatory bodies like the World Health Organization and the Food and Agriculture Organization of the United Nations (FAO) have formulated regulations that manufacturers must follow to maintain the quality of their products. For instance, food additives that undergo JECFA safety evaluation and are found not to present any health risk to consumers can be incorporated as an additive in the value products.
Prominent Factors Driving Growth of Food Additive Market-
Global Food Additive Market Trends-
Insights into the Latest Food Additive Market Research Report
| Attributes | Key Insights |
|---|---|
| Estimated Global Food Additive Market Value (2024E) | US$ 310.9 billion |
| Projected Food Additive Market Revenue (2034F) | US$ 551.4 billion |
| Value-based CAGR (2024 to 2034) | 7.2% |
| Top 3 Countries’ Value, 2034 | US$ 124.5 billion |
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| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2022 (A) | 6.2% |
| Jul to Dec (H2), 2022 (A) | 6.8% |
| Jan to Jun (H1), 2023 Projected (P) | 7.9% |
| Jan to Jun (H1),2023 Outlook (O) | 6.9% |
| Jul to Dec (H2), 2023 Outlook (O) | 8.2% |
| Jul to Dec (H2), 2023 Projected (P) | 7.2% |
| Jan to Jun (H1), 2024 Projected (P) | 9.4% |
| BPS Change: H1, 2023 (O) to H1, 2024 (P) | 30 |
| BPS Change: H1, 2023 (O) to H1, 2023 (A) | 70 |
| BPS Change: H2, 2023 (O) to H2, 2024 (P) | -30 |
| BPS Change: H2, 2023 (O) to H2, 2023 (A) | 143 |
Global sales of food additives increased with a compound annual growth rate (CAGR) of 4.7% between 2019 and 2023. Over the assessment period, the global market for food additives is expected to rise with a CAGR of 7.2%.
One of the key drivers expected to drive the growth of the food additive market is the expansion of the convenience and processed food industry, especially in emerging regions. Similarly, increasing consumer spending on packaged food products will likely uplift food additive demand through 2034.
The demand for processed foods with longer shelf lives is rising significantly in regions like the Middle East and East Asia. This is due to rapid urbanization and increasing consumer per capita income. Driven by this, food additive sales are set to expand rapidly during the assessment period as they have become essential ingredients of these food products.
Leading companies are using anti-foaming agents, emulsifiers, and titanium dioxide in food to enhance their properties and extend their shelf lives. This will boost the growth of the food additive market during the assessment period.
Key producers of food additives are establishing production facilities in developing nations like India and China to take advantage of market growth potential. As a result, these nations are becoming the top producers and exporters of a variety of food additives.
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Due to rapid urbanization and busy lifestyles, demand for processed and convenience foods is rising significantly across the globe. This is expected to boost sales of food additives as they are widely used in processed food products.
Amid growing consumer awareness about health and nutrition, demand for food products with attributes like low sugar, natural ingredients, and reduced fat is expected to rise rapidly. This, in turn, is set to encourage the adoption of food additives that can enhance nutritional profiles and replace undesirable ingredients.
Top food and beverage firms are shifting their preference towards healthy food additives to meet evolving consumer preferences. For instance, they are incorporating functional food ingredients like prebiotics, probiotics, and dietary fibers into their products. This will benefit the target market during the forecast period.
| Countries | Projected Food Additive Market CAGR |
|---|---|
| United States | 4.2% |
| United Kingdom | 2.4% |
| Germany | 1.9% |
| India | 3.4% |
| Japan | 6.0% |
The United States food additive market is poised to advance with a CAGR of 4.2% during the forecast period. It will likely hold a dominant value share of 73.5% in North America’s food additive industry by 2034. Some of the key drivers/trends include:
There is a sharp rise in the demand for processed and convenient foods across the United States owing to the fast-paced lifestyle. This is expected to fuel sales of food additives as they are often used in these food products to enhance their taste, visual appeal, and shelf life.
The United States has a well-established food processing industry. Many leading companies in this sector are focusing on introducing modified products that meet the consumers' evolving needs. For this purpose, they use different food additives, thereby driving their demand.
Key manufacturers are actively engaging in researching new ingredients and their potential applications. For instance, the application of fibers and carbohydrates as a food additive to enhance sweetening, bulking, and texture improvement is being explored.
Food fortification is emerging as a key trend in the United States food additive industry. Consumers in the nation are increasingly seeking foods that offer additional benefits. This is prompting food manufacturers to use food additives.
Growing health concerns among consumers are expected to uplift the demand for low-calorie sweeteners and other healthy food additives. Similarly, increasing focus on enhancing the shelf life of packaged food products will likely improve the United States food additive market share through 2034.
India’s food additive market is anticipated to expand at a 3.4% CAGR throughout the assessment period. This can be attributed to several factors, including:
In India, more consumers are drawn towards easy and quick-to-make food solutions owing to changing lifestyles and rising urbanization. Consumers are attracted to foods with a long shelf life, taste better, and are healthier with enhanced nutritional content. This will continue to increase the consumption of food additives.
The changing consumer preferences are prompting manufacturers to utilize a variety of additive sources naturally or conventionally. Further, growing consumer awareness related to the importance of health and wellness is leading to the increasing incorporation of natural and functional additives in food products.
The growing food and beverage industry, coupled with a rise in disposable income, will further boost the growth of the food additive market in India. Subsequently, regulatory initiatives to ensure food safety and quality standards are set to encourage the adoption of additives.
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The below section provides insights into leading segments of the global food additive industry. This information could help companies to shift their focus on popular products and applications to stay ahead of the competition.
As per the latest analysis, demand for sweeteners, both natural sweeteners and artificial sweeteners, is expected to rise significantly during the forecast period. This can be attributable to factors like:
Demand for sweeteners across several industries is growing significantly. This is primarily attributed to shifting consumer preferences towards healthier lifestyles and the rising need for alternative sweeteners. As awareness of the hostile effects of extreme sugar intake grows, consumers seek substitutes that provide sweetness without the linked caloric intake.
Sweeteners such as synthetic and natural sugar substitutes offer a zero-calorie or low-calorie option and cater to health-conscious consumers and those managing conditions like diabetes. As a result, there is an increase in the adoption of sweeteners like stevia, aspartame, sorbitol xylitol, sucralose, molasses, and maple syrup in the goods & beverage industry.
The rising cases of obesity are fueling the demand for products with reduced sugar content. The food and beverage industry has responded by incorporating sweeteners to enhance the taste profile of products while aligning with the evolving preferences for healthier choices.
Growing usage of food additives like natural malt sweeteners in the food and beverage sector due to their several benefits will likely boost the growth of the sweeteners segment. Hence, a steady CAGR has been predicted for the same segment.
The beverage segment is expected to dominate the food additive market, holding a share of 34.0% in 2024. This can be mainly attributed to changing consumer preferences, the rising popularity of functional beverages, and the growing usage of food additives in a wide range of beverages to improve their:
Rapid demand for functional beverages, energy drinks, and carbonated drinks is anticipated to boost sales of food additives. Consumers are increasingly opting for drinks that are not only tasty but also healthier, with lower sugar content. Food additives like flavor enhancers and sweeteners play a vital role in meeting these demands, making beverages more enjoyable without the added calories.
The popularity of functional beverages, such as those with added energy or health benefits, further boosts the use of additives in this segment. While additives are essential in confectionery and bakery, the emphasis on healthier choices and the adaptability of additives to enhance drink formulations position the beverage sector as a frontrunner in the food additive market.
Beverages often rely on additives to achieve a desired taste, aroma, or sweetness, as natural ingredients alone may not be sufficient. As a result, beverage manufacturers use sweeteners, food preservatives, emulsifiers and stabilizers, flavorings, colorants, and other food additives.
The food additive market has a diverse and dynamic competitive landscape. Leading food additive manufacturers are innovating to develop novel solutions, including natural sweeteners and food coloring agents, carrageenans, food thickening agents, and high fructose corn syrup. They are focusing on innovation, quality, and matching customer preferences to stay ahead of the competition.
Several top food additive companies are concentrating on getting product approvals from regulatory bodies. They also employ strategies like acquisitions, partnerships, collaborations, distribution agreements, and mergers to expand their presence globally.
Recent Developments in the Food Additive Market-
The global food additive market value is anticipated to reach US$ 310.9 billion in 2024.
The food additive market size is projected to reach US$ 551.4 billion by 2034.
Global demand for food additives is set to rise at 7.2% CAGR through 2034.
With an estimated market share of 21.9% in 2034, Europe will remain a key consumer.
Chr. Hansen Holding A/S, BASF SE, Royal DSM N.V., and Dow Chemical Company, among others.
Monosodium glutamate (MSG), preservatives, antioxidants, artificial sweeteners, and food colorings.
Substances or chemicals are added to foods to enhance their shelf life, color, flavor, or texture.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Key Regulations and Policies 4. Value Chain Analysis 4.1. Operating margins at each node of the supply chain 4.2. List of Active Market Participants 5. Global - Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.2. Price Point Assessment By Product 5.3. Price Forecast till 2034 6. Global Market Size (in Value (US$ billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Product Type, 2019 to 2023 7.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Product Type, 2024 to 2034 7.3.1. Dairy Ingredients 7.3.2. Sweeteners 7.3.3. Fibers 7.3.4. Fine Ingredients 7.4. Market Attractiveness Analysis By Product Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use Application 8.1. Introduction / Key Findings 8.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By End-use Application, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By End-use Application, 2024 to 2034 8.3.1. Dairy Industry 8.3.2. Confectionery 8.3.3. Bakery 8.3.4. Snacks 8.3.5. Sauces & Soups 8.3.6. Pasta & Noodles 8.3.7. Meat Products 8.3.8. Baby Food 8.3.9. Pharmaceuticals 8.3.10. Beverages 8.3.11. Dietary Supplement 8.3.12. Personal Care 8.4. Market Attractiveness Analysis By End-use Application 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. Introduction 9.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Region, 2019 to 2023 9.3. Current Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia 9.3.6. Oceania 9.3.7. Middle East & Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 10.1. Introduction 10.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 10.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 10.3.1. By Country 10.3.1.1. the United States 10.3.1.2. Canada 10.3.2. By Product Type 10.3.3. By End-use Application 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Product Type 10.4.3. By End-use Application 10.5. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Argentina 11.3.1.4. Rest of Latin America 11.3.2. By Product Type 11.3.3. By End-use Application 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Product Type 11.4.3. By End-use Application 11.5. Key Takeaways 12. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. the United Kingdom 12.3.1.3. France 12.3.1.4. Italy 12.3.1.5. Spain 12.3.1.6. BENELUX 12.3.1.7. Nordic 12.3.1.8. Russia 12.3.1.9. Poland 12.3.1.10. Rest of Europe 12.3.2. By Product Type 12.3.3. By End-use Application 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Product Type 12.4.3. By End-use Application 12.5. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. China 13.3.1.2. Japan 13.3.1.3. South Korea 13.3.2. By Product Type 13.3.3. By End-use Application 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Product Type 13.4.3. By End-use Application 13.5. Key Takeaways 14. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Malaysia 14.3.1.4. Indonesia 14.3.1.5. Singapore 14.3.1.6. Vietnam 14.3.1.7. Philippines 14.3.1.8. Rest of South Asia 14.3.2. By Product Type 14.3.3. By End-use Application 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Product Type 14.4.3. By End-use Application 14.5. Key Takeaways 15. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. Australia 15.3.1.2. New Zealand 15.3.2. By Product Type 15.3.3. By End-use Application 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Product Type 15.4.3. By End-use Application 15.5. Key Takeaways 16. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. GCC Countries 16.3.1.2. Turkiye 16.3.1.3. Egypt 16.3.1.4. South Africa 16.3.1.5. Rest of Middle East & Africa 16.3.2. By Product Type 16.3.3. By End-use Application 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Product Type 16.4.3. By End-use Application 16.5. Key Takeaways 17. Country-level Market Analysis, 2024 17.1. the United States Market Analysis 17.1.1. By Product Type 17.1.2. By End-use Application 17.2. Canada Market Analysis 17.2.1. By Product Type 17.2.2. By End-use Application 17.3. Brazil Market Analysis 17.3.1. By Product Type 17.3.2. By End-use Application 17.4. Mexico Market Analysis 17.4.1. By Product Type 17.4.2. By End-use Application 17.5. Argentina Market Analysis 17.5.1. By Product Type 17.5.2. By End-use Application 17.6. Germany Market Analysis 17.6.1. By Product Type 17.6.2. By End-use Application 17.7. the United Kingdom Market Analysis 17.7.1. By Product Type 17.7.2. By End-use Application 17.8. France Market Analysis 17.8.1. By Product Type 17.8.2. By End-use Application 17.9. Italy Market Analysis 17.9.1. By Product Type 17.9.2. By End-use Application 17.10. Spain Market Analysis 17.10.1. By Product Type 17.10.2. By End-use Application 17.11. Belgium Market Analysis 17.11.1. By Product Type 17.11.2. By End-use Application 17.12. Netherlands Market Analysis 17.12.1. By Product Type 17.12.2. By End-use Application 17.13. Nordic Market Analysis 17.13.1. By Product Type 17.13.2. By End-use Application 17.14. Russia Market Analysis 17.14.1. By Product Type 17.14.2. By End-use Application 17.15. Poland Market Analysis 17.15.1. By Product Type 17.15.2. By End-use Application 17.16. China Market Analysis 17.16.1. By Product Type 17.16.2. By End-use Application 17.17. Japan Market Analysis 17.17.1. By Product Type 17.17.2. By End-use Application 17.18. South Korea Market Analysis 17.18.1. By Product Type 17.18.2. By End-use Application 17.19. India Market Analysis 17.19.1. By Product Type 17.19.2. By End-use Application 17.20. Thailand Market Analysis 17.20.1. By Product Type 17.20.2. By End-use Application 17.21. Malaysia Market Analysis 17.21.1. By Product Type 17.21.2. By End-use Application 17.22. Vietnam Market Analysis 17.22.1. By Product Type 17.22.2. By End-use Application 17.23. Philippines Market Analysis 17.23.1. By Product Type 17.23.2. By End-use Application 17.24. Indonesia Market Analysis 17.24.1. By Product Type 17.24.2. By End-use Application 17.25. Singapore Market Analysis 17.25.1. By Product Type 17.25.2. By End-use Application 17.26. Australia Market Analysis 17.26.1. By Product Type 17.26.2. By End-use Application 17.27. New Zealand Market Analysis 17.27.1. By Product Type 17.27.2. By End-use Application 17.28. GCC Countries Market Analysis 17.28.1. By Product Type 17.28.2. By End-use Application 17.29. Turkiye Market Analysis 17.29.1. By Product Type 17.29.2. By End-use Application 17.30. Egypt Market Analysis 17.30.1. By Product Type 17.30.2. By End-use Application 17.31. South Africa Market Analysis 17.31.1. By Product Type 17.31.2. By End-use Application 18. Market Structure Analysis 18.1. Global Competition - a Dashboard View 18.2. Industry Structure Analysis 18.2.1. % tier 1 market players 18.2.2. % tier 2 market players 18.2.3. % tier 3 market players 18.3. Global Market Company Share Analysis 18.3.1. For Tier 1 Market Players, 2024 18.3.2. Company Market Share Analysis of Top 5 Players, By Region 18.4. Key Participants Market Presence (Intensity Mapping) by Region 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. BASF SE 19.3.1.1. Product Portfolio 19.3.1.2. Product Claim 19.3.1.3. Revenue by Market Segments (Product Type/End-use Application/Region) 19.3.1.4. Sales Footprint 19.3.1.5. Strategy Overview 19.3.1.5.1. Marketing Strategy 19.3.1.5.2. Product Strategy 19.3.1.5.3. Channel Strategy 19.3.1.6. SWOT Analysis 19.3.2. Chr. Hansen Holding A/S 19.3.3. BASF SE 19.3.4. Royal DSM N.V. 19.3.5. Sensient Technologies Corporation 19.3.6. Dow Chemical Company 19.3.7. Nutra Food Ingredients, LLC 19.3.8. Bell Flavors & Fragrances Incorporated 19.3.9. Ajinomoto Food Ingredients 19.3.10. Corbion Food Ingredients 19.3.11. Food Ingredient Solutions, LLC 19.3.12. Other Players (On Additional Requests) 20. Assumptions and Acronyms Used 21. Research Methodology
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Food Additive Market
