Food and Beverages Additives Market

Food and Beverages Additives Market Overview

At a phenomenal CAGR of 5.8%, the food and beverages additives market is expected to strike US$ 52.2 billion by 2020.

The food and beverages additives market is being driven by the global growth of the food and beverage sector. Sales of food and beverages additives are increasing over the world owing to shifting population eating trends packaged food and beverage consumption.

This is predicted to contribute to the rising demand for food and beverages additives used to increase the quality and nutritional content of processed foods.

Increased consumption of packaged food and beverages coupled with rising demand for edible products with health benefits is expected to support the demand for food and beverages additives and sales of food and beverages additives in food and beverage products during the forecast period.

What has been the COVID-19 effect on the food and beverages additives market?

The COVID-19 emergence disrupted the global supply chain in 2020 and led to limited demand for food and beverages additives from the foodservice industry. 

For instance, Givaudan reported that its ‘Taste & Wellbeing’ segment that is engaged in the business of flavor ingredients witnessed lower demand of food and beverages additives and out-of-home food end users in 2020. However, this segment witnessed an increased demand for immunity-boosting products, juice-based beverages, culinary solutions, nutritional bars, and savory snacks and sales of food and beverages additives.

What is the Segmentation of the Food and Beverages Additives Market?

Based on the Application, the food and beverages additives market is bifurcated into Bakery & Confectionery, Beverages, Dairy & Frozen Desserts. 

The Bakery & Confectionery segment in the food and beverages additives market is anticipated to have the highest CAGR and sales of food and beverages additives in the forecasted period. 

The factors can be attributed to the usage of additives to enhance the texture & volume of baked items such as cakes, chocolates, bread, sandwiches, and biscuits & cookies, triggering a surge of sales of food and beverages additives.

The food and beverages additives market mostly consists of direct and indirect additives. Direct spices are introduced on purpose or by accident, whereas indirect seasonings like vinegar and salt are added to provide flavor and extend shelf life. 

In the future, the demand for food and beverages additives is expected to sustain and increase the product food and beverages additives market.

Flavors and taste enhancers, sweeteners, enzymes, preservatives, fat replacers, emulsifiers, colorants, anti-caking agents, acidulants and other shelf-life stabilizers, and texturizers are the different types of food and beverage additives. 

Due to a variety of superior taste flavors in demand of food and beverage additives, flavors and flavor enhancers are documented to cover the greatest section in the food and beverage additives market.

The use of sweeteners in food is becoming more common as a result of their ability to operate as a sugar substitute, and an increase in consumer awareness of low-calorie goods is forecasting significant growth for demand for food and beverages additives and sales of food and beverages additives in the future. 

As people become more aware of the risks of obesity and heart disease, demand for fat substitutes is projected to rise and become a major contributor to the demand for food and beverages additives. The emulsifiers and enzymes industry is expected to see increased demand for food and beverages additives and sales of food and beverages additives steadily in the future.

Nandini Roy Choudhury

Principal Consultant

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What are the Growth Propellers of the Food and Beverages Additives Market?

Rising demand for convenience and packaged foods coupled with increasing health consciousness and also seeing surged demand for food and beverages additives among the people in developed economies is expected to support the growth of the food and beverages additives market during the forecast period.

In emerging economies, rising disposable income and shifting of consumer preference towards enhanced food products with flavors and taste is expected to fuel the sales of food and beverages additives as well as the growth of the food and beverages additives market during the forecast period. 

Who are the acclaimed Key Players Food and Beverages Additives Market?

The food and beverages additives market study report will provide valuable insight with an emphasis on the global market. The major players in the food and beverage additives market are DuPont, Archer Daniels Midland, Cargill, Incorporated, CHR, Hansen, Kerry, BASF, Symrise, Sensient Technologies, Royal DSM, Tate?Lyle, Kerry, Givaudan, Firmenich. 

The competitive landscape section also includes key development strategies, food, and beverage additives market share, and food and beverage additives market ranking analysis of the above-mentioned players globally. 

In May 2021, Caldic shooks hands on a strategic food ingredients partnership with Cargill in Switzerland. In May 2021, Cargill and InnovaFeed expanded their sustainable feed partnership to boost their sales of food and beverages additives. In September 2019, DuPont entered into a strategic collaboration on probiotics with BY-Health.

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