Food Additives Market Key Players And Report From Sweeteners To Emulsifiers


Food Additives Industry Overview


The global food additives market size was estimated at USD 114.35 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030. This is attributed to the expanding size of key end-use sectors, including bakery & confectionery, beverages, dairy, and convenience foods, coupled with the growing penetration of organized as well as e-retail, fueling the market growth.


Gather more insights about the market drivers, restrains and growth of the Food Additives Market


Specialty food ingredients are utilized in products to enhance their properties such as taste, shelf life, texture, and health benefits. The market is classified into sensory ingredients and functional ingredients. Sensory ingredients are vital for enhancing the taste, smell, flavor, and texture of products. Functional ingredients include vitamins, acidulates, antioxidants, and other constituents that add nutritional qualities to food.


Higher expenditure on food & beverage products in the U.S. compared to other countries across the globe due to the overall high disposable incomes of the U.S. population has increased the production of food & beverage products in the country. This can be attributed to increasing demand, which is likely to result in the growing consumption of additives in these products. Increased demand is expected to support the consumption of fat replacers and high-intensity sweeteners that lower the fat content and sugar content of food or drinks. In November 2020, BLUE CALIFORNIA launched the Destination Flavors Collection for ready-to-drink (RTD) alcoholic beverages comprising lower sugar content. The flavours offered are inspired by regional flavours such as Catalan Crush, Arctic Gem, Pacific Blossom, Thai Treat, and California Dreamin.


The consumption of packaged food products and beverages is rising globally. This is expected to contribute to the surging demand for additives used during the processing of various packaged products and beverages. For instance, according to the survey results published by the Food Standards Agency in May 2021, approximately 81.0% of survey respondents in the UK confirmed buying processed food products from April 2020 to March 2021. Rising demand for packaged products and beverages is expected to fuel the market growth of worldwide.


Companies operating in the global market are subjected to various laws, regulations, and guidelines imposed by government authorities operating in a particular region. Some of the regulatory bodies governing additives and their end-use industries include the U.S. Food and Drug Administration (FDA), the Food Agriculture Organization (FAO), and the World Health Organization (WHO). These regulatory bodies have become increasingly active in ensuring the use of safe food additives in consumer products.


Key Food Additives Company Insights


• BASF SE offers a wide range of food additives, including enzymes, organic acids, and alcohol, catering to various industries such as food and beverages, pharmaceuticals, and plastics. BASF SE has collaborated with other companies to open precision fermentation facilities in Singapore, showcasing their commitment to expanding their presence in the market


• ADM (Archer Daniels Midland Company) is a global leader in nutrition and agricultural processing, offering a diverse range of products and services. In the context of food additives, ADM's offerings include a wide array of agricultural commodities, ingredients, flavors, and specialty food ingredients catering to the food and beverage, animal nutrition, and industrial markets


• Kerry Group and Biospringer are some of the emerging market participants in the market.


• Biospringer, a division of Lesaffre, specializes in yeast extract-based ingredients, offering natural flavor solutions for the food, beverage, and nutrition industries. The company's offerings include yeast extracts, yeast-based flavors, and natural ingredients, catering to diverse applications such as savory products, snacks, soups, sauces, and plant-based foods


• Kerry Group, a global taste and nutrition company, operates through the Taste & Nutrition and Consumer Foods segments. The Taste & Nutrition segment offers a wide range of savory, sweet, and beverage systems, functional ingredients, and nutritional solutions for the food and beverage industry

 

Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.


• The global electrolyte powder market size was estimated at USD 8.07 billion in 2023 and is expected to grow at a CAGR of 8.8% from 2024 to 2030. The market growth is primarily driven by the increasing awareness of the importance of hydration and electrolyte balance for overall health and athletic performance.


• The global taste modulators market size was estimated at USD 1,452.7 million in 2023 and is projected to grow at a CAGR of 7.2% from 2024 to 2030. The market growth is attributed to the rising demand for convenient and processed food.


Food Additives Market Segmentation


Grand View Research has segmented the global food additives market report based on the product, source, application, and region:


Food Additives Product Outlook (Revenue, USD Million; 2018 - 2030)
• Flavors & Enhancers
• Sweeteners
• Enzymes
• Emulsifiers
• Shelf-life Stabilizers
• Fat Replacers
• Prebiotics
• Probiotics
• Dietary Fibers
• Others


Food Additives Source Outlook (Revenue, USD Million; 2018 - 2030)
• Natural
• Synthetic


Food Additives Application Outlook (Revenue, USD Million; 2018 - 2030)
• Bakery & confectionery
• Beverages
• Convenience foods
• Dairy & Frozen Desserts
• Spices
• Condiments
• Sauces & Dressings
• Others


Food Additives Regional Outlook (Revenue, USD Million; 2018 - 2030)
• Europe
o Germany
o UK
o France
o Italy
o Spain
• North America
o U.S.
o Canada
o Mexico
• Asia Pacific
o China
o India
o Japan
o South Korea
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o South Africa


Order a free sample PDF of the Food Additives Market Intelligence Study, published by Grand View Research.


Key Companies profiled:
• BASF SE
• 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 


Recent Developments


• In August 2023, BASF SE increased their production capacity by 25% for medium-molecular weight polyisobutanes in its production facility in Ludwigshafen, Germany


• In October 2023, ADM announced its investment decision in Guadalajara Production Line. The company invested USD 33 million in order to strengthen its position in Human Nutrition and Animal Care segment

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