Food additives market share is moderately consolidated and highly competitive with significant industry members incorporating Cargill, BASF, DuPont, Adani Wilmer, Archer Daniels Midland Company, and Ajinomoto which consider the local and global markets, both. Manufacturing firms are focusing on growing business across all the regions and creating systems to survey production capacity and fortify global presence. Organizations are even indulging in acquisitions and partnerships with regional and local organizations to have new scopes and further quicken food additives market demand.
The food Additives Market size is projected to reach USD
55.20 Billion units by 2027 from an estimated USD 40.12 Billion units in 2019,
growing at a CAGR of 5.20% globally.
IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
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
2022-2028 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:
Colorants, Flavors, Preservatives,
Sweeteners, Egg Yolks, Binders, Texturizers, Soy Lecithin, Enzymes, Acidulants,
Anticaking Agents, Emulsifiers, Hydrocolloids, Stabilizers, and Thickeners.
By Application:
Food and Beverages, Dairy and
Frozen Products, Bakery and Confectionary, Spices and Condiments, Sauces and
Dressings, Convenience Foods, and Others.
By Regional Outlook
(Revenue, USD Billion, 2017 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain,
Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest
of APAC)
- Middle East & Africa (GCC Countries, South Africa,
Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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
