Australia Food Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Australian food additives market is segmented by Type (Preservatives, Sweeteners and Sugar Substitutes, Emulsifiers, Enzymes Hydrocolloids, Food Flavor and Enhancers, Food Colorants, and Other Types), and Application (Bakery and Confectionery, Dairy and Frozen Products, Beverages Meat Products, and Other Applications).

Market Snapshot

australia food additives market summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 2.7 %

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Market Overview

The Australian food additives market is projected to record a CAGR of 2.7% during the forecast period.

  • The food additives market is largely driven by expanding the processed foods market, increasing penetration of organized retail sector, and rising demand for processed foods coming from the emerging markets.
  • Increasing disposable incomes, working populations, and busy lives are driving consumers toward the convenience food category.
  • However, growing consumer awareness on the adverse impacts of chemical additives is pressurizing the food and beverage industry to introduce the natural additives category. The complex regulatory environment is another major restraint in the market.

Scope of the report

The Australian food additives market is segmented by type into preservatives, sweeteners and sugar substitutes, emulsifiers, enzymes, hydrocolloids, food flavors and enhancers, food colorants, and other types. Based on application, the market Is segmented into bakery and confectionery, dairy and frozen products, beverages, meat products, and other applications.

Type
Preservatives
Sweeteners and Sugar Substitutes
Emulsifiers
Enzymes
Hydrocolloids
Food Flavors and Enhancers
Food Colorants
Other Types
Application
Bakery and Confectionery
Dairy and Frozen Products
Beverages
Meat Products
Other Applications

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Key Market Trends

Rising Popularity for Clean Label Ingredients

Consumers demand clean labels on products to gain knowledge about the product that they are about to consume and at what level. Their interest in identifying the ingredients present in the food and beverage products has triggered the growth of the clean-label ingredient market. Consumers are highly concerned about the long-term effects of the ingredients they are consuming, in terms of nutrition content and their impact on health, environmental sustainability, sourcing, and social responsibility. This has triggered the increasing demand for the clean label ingredient market. They are trying to avoid consuming products that contain synthetic ingredients, despite the price difference, as various published studies indicate that natural ingredients help avoid hyperactivity disorders and behavioral issues in children, among other benefits.

Australia Food Additives Market1

Increased Utilization in Beverages

The use of preservatives in the beverage industry is to avoid the change in taste, the color of the drinks, and bitter aftertaste.​ As soft drinks are high in water activity and some of them are rich in vitamins and minerals, they are an attractive environment for microbes.​ The usually low pH of the soft drinks, carbonation, sugar content in some of them, and the addition of preservatives, help to inhibit the growth of microbes and bacteria.​ The type of chemical preservatives that can be used in beverages depends on the chemical and physical properties of both the antimicrobial preservatives and the beverage type.

Australia Food Additives Market2

Competitive Landscape

The Australian food additives market is fragmented with the presence of numerous players. The key players are focusing on product innovation, expansion, partnership, and mergers and acquisitions to meet the needs of growing consumers. The major players in the market are Archer Daniels Midland Company, Corbion NV, Kerry Group, Tate & Lyle PLC, and International Flavors and Fragrances.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Preservatives

      2. 5.1.2 Sweeteners and Sugar Substitutes

      3. 5.1.3 Emulsifiers

      4. 5.1.4 Enzymes

      5. 5.1.5 Hydrocolloids

      6. 5.1.6 Food Flavors and Enhancers

      7. 5.1.7 Food Colorants

      8. 5.1.8 Other Types

    2. 5.2 Application

      1. 5.2.1 Bakery and Confectionery

      2. 5.2.2 Dairy and Frozen Products

      3. 5.2.3 Beverages

      4. 5.2.4 Meat Products

      5. 5.2.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Archer Daniels Midland Company

      2. 6.3.2 Corbion NV

      3. 6.3.3 Tate & Lyle PLC

      4. 6.3.4 Kerry Group

      5. 6.3.5 Firmenich

      6. 6.3.6 BASE SE

      7. 6.3.7 International Flavors and Fragrances

      8. 6.3.8 Palsgaard Gods AS

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Australia Food Additives Market market is studied from 2016 - 2026.

The Australia Food Additives Market is growing at a CAGR of 2.7% over the next 5 years.

Archer Daniels Midland Company, Corbion NV, Tate & Lyle PLC, Kerry Group, International Flavors and Fragrances are the major companies operating in Australia Food Additives Market.

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