Food additive refers to any of various natural or synthetic substances added to foods to produce specific desirable effects. Additives such as colorants, flavors, sweeteners, preservatives and others to add in food products or beverages to increase their shelf life, taste, smell, and texture. Moreover, food additives can be produced from plants, animals, minerals, or they can be synthetic and easily available at cheap cost, which gives manufacturers a cost advantage.
The Global Food Additives Market size is expected to grow from USD 49.14 billion in 2022 to USD 73.71 billion by 2030, at a CAGR of 5.2% during the forecast period (2023-2030).
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The Major Players In The Food Additives Market Include:
DuPont, Archer Danial Midland (ADM) Company, CHR Hansen Holding A/S, BASF SE, Cargill Incorporated, Kerry Group Plc., Ashland Inc.,Tate and Lyle Inc., Corbion NV, Royal DSM NV, Red Arrow International Inc., McCormick and Company inc., Associated British Food Plc., International Flavors and Fragrance Inc
The market has segmented the global Food Additives market on the basis of type, application, and region:
The Food Additives market is segmented by type and application. Growth between segments over the period 2023-2030 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type
- Acidulants
- Colors
- Emulsifiers
- Flavors
- Sweeteners
- Others
By Application
- Food & Beverages
- Diary & Frozen Products
- Bakery & Confectionary
- Spices & Condiments
- Sauces & Dressings
- Convenience Foods
By Region:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Food Additives Market has experienced a slowdown the growth, however, the market is expected to bounce back as restrictions are being lifted up by governments across the globe.
The objective of the Study:
- To assess the demand-supply scenario of Food Additives which covers the production, demand, and supply of the Food Additives market globally.
- To analyze and forecast the market size of Food Additives.
- To classify and forecast the global Food Additives market based on technology, end-use, and regional distribution.
- To identify drivers and challenges for the global Food Additives market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global Food Additives market.
- To identify and analyze the profile of leading players involved in the manufacturing of Food Additives
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