The Global Food Additives Market is Projected to Reach US$48 Billion by 2022

Increasing Demand for Healthy Processed Foods & Beverages to Propel Growth in the Global Food Additives Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Food Additives market. The global Food Additives market is projected to reach US$48 billion by 2022, driven by the rapidly growing demand for processed, convenience and packaged foods.

Food additives are ingredients or substances that are added to foods and beverages to improve taste, texture and color and flavor of products. Food additives play a critical role in improving food palatability, maintaining quality, increasing shelf-life of foods, and protecting food against spoilage, all of which are integral to the commercial success of packaged and processed foods industry. The development of food additives market over the years is primarily aimed at meeting the needs of industrial-scale food production operations, wherein it is essential to ensure that food products stay in good condition from the factory to the store and finally to the consumer. The increasing importance of sustainable food production, efforts to reduce land, water and energy requirements, and eliminate wastage are also turning focus on preservation of food products, for which food additives such as stabilizers, preservatives and antioxidants are critical.

Diversifying consumer tastes and escalating demand for food and beverages with higher nutritional value without compromising visual appearance are making it essential for food companies to use food additives. Hectic lifestyles, growing participation of women in the workforce and reduced time for preparing home cooked meals are contributing to increased sales of packaged foods such as frozen meals, ready-to-eat meals and appetizers. As food companies step up production capacities, demand for food additives will witness a parallel increase. One of the key trends in the market is the escalating demand for natural food additives due to rising health concerns and food safety issues pertaining to the use of artificial or synthetic additives. For instance, the growing hostility over synthetic flavor enhancer “monosodium glutamate (MSG)” is leading manufacturers to adopt natural flavor enhancers such as spices, herbs, roots, essences, and essential oils. The push for clean label products is therefore leading food processors to include organic and natural ingredients in their products including natural food additives.

As stated by the new market research report on Food Additives, the United States represents the largest market worldwide, supported by well-established food processing industries and the presence of numerous large-scale food companies. Asia-Pacific is forecast to record the fastest CAGR of 6.4% over the analysis period led by positive economic environment, expanding middle class population, growing disposable incomes, rapid urbanization, changing dietary patterns and the subsequent increase in demand for high-quality food products.

Major players covered in the report include Ajinomoto Co. Inc., Archer Daniels Midland Company, Associated British Foods Plc., BASF SE, Cargill Inc., Chr. Hansen Holding A/S, Corbion NV, E.I. duPont de Nemours and Company, Firmenich SA, FMC Health and Nutrition, Givaudan SA, Ingredion Incorporated, International Flavors & Fragrances Inc., Kerry Group, Novozymes A/S, Royal DSM N.V., Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, and Tate & Lyle PLC, among others.

The research report titled “Food Additives: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East, Latin America (Brazil and Rest of Latin America) and Rest of World. The market is analyzed by the following Product Group/Segment - Acidulants, Sweeteners, Vitamins & Minerals, Colorants (Natural and Synthetic), Flavors/Flavor Enhancers, Hydrocolloids, Emulsifiers, Preservatives (Antimicrobial and Antioxidant), Enzymes and Others.

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