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Global Food Additive Market Outlook from 2024 to 2034

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-

  • Rapid expansion of the processed food industry, along with a growing need for food safety additives like food preservatives
  • Increasing consumption of packaged food products and food processing additives
  • Growing focus on food safety and preservation
  • Soaring demand for food additives from the bakery & confectionery industry
  • Increasing consumer inclination towards flavored products
  • Expanding pet food additive market
  • Rising interest in functional and fortified foods
  • Absence of food additive regulations in several underdeveloped and developing regions
  • Increasing usage of food additives in dietary supplements, dairy products, and pharmaceuticals
  • Surging popularity of ready-to-eat meals, snacks, and beverages
  • Escalating importance of food additives in the beverages industry

Global Food Additive Market Trends-

  • Willingness of food product manufacturers to pay premium prices for high-quality food ingredients
  • Increasing demand for naturally derived carotenoids & spirulina
  • Rising popularity of clean-labeled products with natural or organic ingredients
  • Growing demand for functional food additives or functional food ingredients
  • High adoption of natural colors and flavor enhancers in baby foods

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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Semi-annual Market Update

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

2019 to 2023 Food Additive Sales Outlook Compared to 2024 to 2034 Forecast

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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Understanding Crucial Drivers/Trends Impacting Global Food Additive Market

  • Burgeoning Demand for Processed Food Products

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.

  • Growing Health Awareness among Consumers

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.

Comparative View of Adjacent Global Food Additive Markets

The global market for food additives is likely to be impacted by the tangential or peer markets in the food & beverage division. These include the food and beverage additive market and the algae-based food additive industry. Drivers and trends are thoroughly analyzed to find business opportunities in all these markets.

The algae-based food additive market is poised to record a higher growth rate compared to the other two markets. This growth will be fueled by the expanding usage of plant-based additives in the food & beverage sector.

Global Food Additive Market Analysis:

Attributes Global Food Additive Market Growth Analysis
CAGR (2024 to 2034) 7.2%
Growth Factor Rising demand for processed food products is expected to boost the food additive market growth through 2034.
Opportunity The growing popularity of food fortification will likely create growth opportunities for food additive manufacturers.
Key Food Additive Market Trends A key trend observed in the market is the shifting preference towards natural food additives.

Global Food and Beverage Additive Market Analysis:

Attributes Global Food and Beverage Additive Demand Outlook
CAGR (2024 to 2034) 5.8%
Growth Factor The rapid expansion of the food and beverage industry is set to uplift the demand for food and beverage additives.
Opportunity Increasing consumption of packaged food and beverages will likely create growth prospects for food and beverage manufacturers.
Key Food and Beverage Market Trends Rising interest in natural food and beverage additives is a key market-shaping trend.

Global Algae-based Food Additive Market Analysis:

Attributes Global Algae-based Food Additive Industry Outlook
CAGR (2024 to 2034) 8.3%
Growth Factor Increasing demand for algae-based food additives from the thriving food sector is expected to boost the market.
Opportunity Collaborations between food manufacturers and algae cultivation companies present prospects to maintain the supply and demand gap.
Key Algae-based Additive Market Trends Rising consumer interest in plant-based food alternatives will likely fuel market growth.

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Country-wise Insights

Countries Projected Food Additive Market CAGR
United States 4.2%
United Kingdom 2.4%
Germany 1.9%
India 3.4%
Japan 6.0%

Growing Popularity of Food Fortification Uplifting Demand in the United States

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:

  • Rising popularity of food fortification
  • Increasing demand for processed and ready-to-eat foods
  • Changing consumer preferences and dietary patterns
  • High consumption of functional beverages
  • Development of novel food additives with attractive benefits
  • Growing interest in natural food additives

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.

Rising Demand for Processed and Convenient Food Products Boosting India’s Market

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:

  • Increasing demand for processed and convenient foods
  • Evolving consumer preferences
  • Expansion of the bakery and confectionary industry
  • Rising interest in functional and fortified beverages

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.

Category-wise Insights

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.

Sweeteners Becoming Highly Sought-after Products in the Market

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:

  • Growing focus on improving the taste of food products and making them more palatable
  • Rising popularity of low-calorie sweeteners/zero-calorie sweeteners in the food & beverage industry
  • Increasing usage of sugar alcohols to preserve food quality and extend their shelf life due to their antimicrobial properties
  • Shifting consumer preference towards natural and organic food additives like natural sweeteners (stevia, monk fruit extract,
  • Wide range of applications ranging from baked goods to soft drinks and candies

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.

Beverages Segment to Create Lucrative Growth Opportunities for Manufacturers

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:

  • Sensory qualities like taste, texture, and sweetness
  • Shelf life
  • Health benefits

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.

Competitive Landscape

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-

  • In January 2021, Ingredient Solutions, Inc., a distributor and blender of specialty hydrocolloids, was acquired by Tilley Co. This development enhanced the company’s portfolio of value-added specialties and ingredients.
  • In June 2020, the liquid version of Linablue natural blue food coloring was launched by DIC Corporation’s subsidiary, DIC Lifetec Co., Ltd. The new Spirulina-extracted natural food coloring is now available in no-drip bottles.
  • In 2021, B.T. Sweets introduced Cambya, a plant-based, one-to-one sugar replacer made from soluble fibers, monk fruit, and select botanicals. Unlike other sugar substitutes, the company claimed that Cambya does not require any masking agents because it does not leave a bitter aftertaste.
  • In September 2022, Sun Chemical introduced SUNFOODS Natural Colorants for the food & beverage industry.
  • In May 2023, the National Commission of the People’s Republic of China approved six new food additives, two new food raw materials, and six food-related products.

Key Players Listed in the Food Additives Global Market Report

  • Chr. Hansen Holding A/S
  • BASF SE
  • Royal DSM N.V.
  • Sensient Technologies Corporation
  • Dow Chemical Company
  • Nutra Food Ingredients, LLC
  • Bell Flavors & Fragrances Incorporated
  • Ajinomoto Food Ingredients
  • Corbion Food Ingredients
  • Food Ingredient Solutions, LLC
  • Others (on additional request)

Food Additive Market by Category

By Product Type:

  • Dairy Ingredients
  • Sweeteners
  • Fibers
  • Fine Ingredients

By End-use Application:

  • Dairy Industry
  • Confectionery
  • Bakery
  • Snacks
  • Sauces & Soups
  • Pasta & Noodles
  • Meat Products
  • Baby Food
  • Pharmaceuticals
  • Beverages
  • Dietary Supplement
  • Personal Care

By Region:

  • North America
  • Europe
  • Latin America
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

What is the market size for food additives?

The global food additive market value is anticipated to reach US$ 310.9 billion in 2024.

What is the expected market size in 2034?

The food additive market size is projected to reach US$ 551.4 billion by 2034.

What is the demand outlook for food additives?

Global demand for food additives is set to rise at 7.2% CAGR through 2034.

Which region is the leading consumer of food additives?

With an estimated market share of 21.9% in 2034, Europe will remain a key consumer.

Who are the key manufacturers of food additives?

Chr. Hansen Holding A/S, BASF SE, Royal DSM N.V., and Dow Chemical Company, among others.

What are the five main food additives?

Monosodium glutamate (MSG), preservatives, antioxidants, artificial sweeteners, and food colorings.

What are the additives used in the food industry?

Substances or chemicals are added to foods to enhance their shelf life, color, flavor, or texture.

Table of Content

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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List of Tables

Table 1: Global Market Value (US$ billion) Forecast by Region, 2019 to 2034

Table 2: Global Market Volume (MT) Forecast by Region, 2019 to 2034

Table 3: Global Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 4: Global Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 5: Global Market Value (US$ billion) Forecast by End-use Application, 2019 to 2034

Table 6: Global Market Volume (MT) Forecast by End-use Application, 2019 to 2034

Table 7: North America Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 8: North America Market Volume (MT) Forecast by Country, 2019 to 2034

Table 9: North America Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 10: North America Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 11: North America Market Value (US$ billion) Forecast by End-use Application, 2019 to 2034

Table 12: North America Market Volume (MT) Forecast by End-use Application, 2019 to 2034

Table 13: Latin America Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 14: Latin America Market Volume (MT) Forecast by Country, 2019 to 2034

Table 15: Latin America Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 16: Latin America Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 17: Latin America Market Value (US$ billion) Forecast by End-use Application, 2019 to 2034

Table 18: Latin America Market Volume (MT) Forecast by End-use Application, 2019 to 2034

Table 19: Europe Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 20: Europe Market Volume (MT) Forecast by Country, 2019 to 2034

Table 21: Europe Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 22: Europe Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 23: Europe Market Value (US$ billion) Forecast by End-use Application, 2019 to 2034

Table 24: Europe Market Volume (MT) Forecast by End-use Application, 2019 to 2034

Table 25: East Asia Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 26: East Asia Market Volume (MT) Forecast by Country, 2019 to 2034

Table 27: East Asia Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 28: East Asia Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 29: East Asia Market Value (US$ billion) Forecast by End-use Application, 2019 to 2034

Table 30: East Asia Market Volume (MT) Forecast by End-use Application, 2019 to 2034

Table 31: South Asia Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 32: South Asia Market Volume (MT) Forecast by Country, 2019 to 2034

Table 33: South Asia Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 34: South Asia Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 35: South Asia Market Value (US$ billion) Forecast by End-use Application, 2019 to 2034

Table 36: South Asia Market Volume (MT) Forecast by End-use Application, 2019 to 2034

Table 37: Oceania Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 38: Oceania Market Volume (MT) Forecast by Country, 2019 to 2034

Table 39: Oceania Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 40: Oceania Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 41: Oceania Market Value (US$ billion) Forecast by End-use Application, 2019 to 2034

Table 42: Oceania Market Volume (MT) Forecast by End-use Application, 2019 to 2034

Table 43: Middle East & Africa Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 44: Middle East & Africa Market Volume (MT) Forecast by Country, 2019 to 2034

Table 45: Middle East & Africa Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 46: Middle East & Africa Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 47: Middle East & Africa Market Value (US$ billion) Forecast by End-use Application, 2019 to 2034

Table 48: Middle East & Africa Market Volume (MT) Forecast by End-use Application, 2019 to 2034
Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 2: Global Market Value (US$ billion) by End-use Application, 2024 to 2034

Figure 3: Global Market Value (US$ billion) by Region, 2024 to 2034

Figure 4: Global Market Value (US$ billion) Analysis by Region, 2019 to 2034

Figure 5: Global Market Volume (MT) Analysis by Region, 2019 to 2034

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 8: Global Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 9: Global Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 10: Global Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 11: Global Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 12: Global Market Value (US$ billion) Analysis by End-use Application, 2019 to 2034

Figure 13: Global Market Volume (MT) Analysis by End-use Application, 2019 to 2034

Figure 14: Global Market Value Share (%) and BPS Analysis by End-use Application, 2024 to 2034

Figure 15: Global Market Y-o-Y Growth (%) Projections by End-use Application, 2024 to 2034

Figure 16: Global Market Attractiveness by Product Type, 2024 to 2034

Figure 17: Global Market Attractiveness by End-use Application, 2024 to 2034

Figure 18: Global Market Attractiveness by Region, 2024 to 2034

Figure 19: North America Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 20: North America Market Value (US$ billion) by End-use Application, 2024 to 2034

Figure 21: North America Market Value (US$ billion) by Country, 2024 to 2034

Figure 22: North America Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 23: North America Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 26: North America Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 27: North America Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 28: North America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 29: North America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 30: North America Market Value (US$ billion) Analysis by End-use Application, 2019 to 2034

Figure 31: North America Market Volume (MT) Analysis by End-use Application, 2019 to 2034

Figure 32: North America Market Value Share (%) and BPS Analysis by End-use Application, 2024 to 2034

Figure 33: North America Market Y-o-Y Growth (%) Projections by End-use Application, 2024 to 2034

Figure 34: North America Market Attractiveness by Product Type, 2024 to 2034

Figure 35: North America Market Attractiveness by End-use Application, 2024 to 2034

Figure 36: North America Market Attractiveness by Country, 2024 to 2034

Figure 37: Latin America Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 38: Latin America Market Value (US$ billion) by End-use Application, 2024 to 2034

Figure 39: Latin America Market Value (US$ billion) by Country, 2024 to 2034

Figure 40: Latin America Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 41: Latin America Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 44: Latin America Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 45: Latin America Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 48: Latin America Market Value (US$ billion) Analysis by End-use Application, 2019 to 2034

Figure 49: Latin America Market Volume (MT) Analysis by End-use Application, 2019 to 2034

Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-use Application, 2024 to 2034

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-use Application, 2024 to 2034

Figure 52: Latin America Market Attractiveness by Product Type, 2024 to 2034

Figure 53: Latin America Market Attractiveness by End-use Application, 2024 to 2034

Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 55: Europe Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 56: Europe Market Value (US$ billion) by End-use Application, 2024 to 2034

Figure 57: Europe Market Value (US$ billion) by Country, 2024 to 2034

Figure 58: Europe Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 59: Europe Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 62: Europe Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 63: Europe Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 64: Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 66: Europe Market Value (US$ billion) Analysis by End-use Application, 2019 to 2034

Figure 67: Europe Market Volume (MT) Analysis by End-use Application, 2019 to 2034

Figure 68: Europe Market Value Share (%) and BPS Analysis by End-use Application, 2024 to 2034

Figure 69: Europe Market Y-o-Y Growth (%) Projections by End-use Application, 2024 to 2034

Figure 70: Europe Market Attractiveness by Product Type, 2024 to 2034

Figure 71: Europe Market Attractiveness by End-use Application, 2024 to 2034

Figure 72: Europe Market Attractiveness by Country, 2024 to 2034

Figure 73: East Asia Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 74: East Asia Market Value (US$ billion) by End-use Application, 2024 to 2034

Figure 75: East Asia Market Value (US$ billion) by Country, 2024 to 2034

Figure 76: East Asia Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 77: East Asia Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 80: East Asia Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 81: East Asia Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 82: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 84: East Asia Market Value (US$ billion) Analysis by End-use Application, 2019 to 2034

Figure 85: East Asia Market Volume (MT) Analysis by End-use Application, 2019 to 2034

Figure 86: East Asia Market Value Share (%) and BPS Analysis by End-use Application, 2024 to 2034

Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End-use Application, 2024 to 2034

Figure 88: East Asia Market Attractiveness by Product Type, 2024 to 2034

Figure 89: East Asia Market Attractiveness by End-use Application, 2024 to 2034

Figure 90: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 91: South Asia Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 92: South Asia Market Value (US$ billion) by End-use Application, 2024 to 2034

Figure 93: South Asia Market Value (US$ billion) by Country, 2024 to 2034

Figure 94: South Asia Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 95: South Asia Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 98: South Asia Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 99: South Asia Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 100: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 102: South Asia Market Value (US$ billion) Analysis by End-use Application, 2019 to 2034

Figure 103: South Asia Market Volume (MT) Analysis by End-use Application, 2019 to 2034

Figure 104: South Asia Market Value Share (%) and BPS Analysis by End-use Application, 2024 to 2034

Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End-use Application, 2024 to 2034

Figure 106: South Asia Market Attractiveness by Product Type, 2024 to 2034

Figure 107: South Asia Market Attractiveness by End-use Application, 2024 to 2034

Figure 108: South Asia Market Attractiveness by Country, 2024 to 2034

Figure 109: Oceania Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 110: Oceania Market Value (US$ billion) by End-use Application, 2024 to 2034

Figure 111: Oceania Market Value (US$ billion) by Country, 2024 to 2034

Figure 112: Oceania Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 113: Oceania Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 116: Oceania Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 117: Oceania Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 118: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 120: Oceania Market Value (US$ billion) Analysis by End-use Application, 2019 to 2034

Figure 121: Oceania Market Volume (MT) Analysis by End-use Application, 2019 to 2034

Figure 122: Oceania Market Value Share (%) and BPS Analysis by End-use Application, 2024 to 2034

Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End-use Application, 2024 to 2034

Figure 124: Oceania Market Attractiveness by Product Type, 2024 to 2034

Figure 125: Oceania Market Attractiveness by End-use Application, 2024 to 2034

Figure 126: Oceania Market Attractiveness by Country, 2024 to 2034

Figure 127: Middle East & Africa Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 128: Middle East & Africa Market Value (US$ billion) by End-use Application, 2024 to 2034

Figure 129: Middle East & Africa Market Value (US$ billion) by Country, 2024 to 2034

Figure 130: Middle East & Africa Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 131: Middle East & Africa Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 132: Middle East & Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 133: Middle East & Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 134: Middle East & Africa Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 135: Middle East & Africa Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 136: Middle East & Africa Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 137: Middle East & Africa Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 138: Middle East & Africa Market Value (US$ billion) Analysis by End-use Application, 2019 to 2034

Figure 139: Middle East & Africa Market Volume (MT) Analysis by End-use Application, 2019 to 2034

Figure 140: Middle East & Africa Market Value Share (%) and BPS Analysis by End-use Application, 2024 to 2034

Figure 141: Middle East & Africa Market Y-o-Y Growth (%) Projections by End-use Application, 2024 to 2034

Figure 142: Middle East & Africa Market Attractiveness by Product Type, 2024 to 2034

Figure 143: Middle East & Africa Market Attractiveness by End-use Application, 2024 to 2034

Figure 144: Middle East & Africa Market Attractiveness by Country, 2024 to 2034

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