Market Size of China Food Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Food Additives Market Analysis
The Chinese food additives market is projected to register a CAGR of 5.2% during the forecast period (2020 - 2025).
- The increasing disposable incomes of the burgeoning middle class, growing urbanization, and changing lifestyles are driving demand for convenience and packaged foods and, thus, escalating the need for food additives.
- The key players are focusing on promoting the benefits of clean label ingredients, due to the high interest of consumers in healthy eating habits and an increase in the awareness of ingredients used in the food products.
- However, food additives are allowed to be used in China only if they are within the list of allowable food additives announced by the Ministry of Health (MOH); and within the scope of allowed applications and dosage levels; these regulations are restricting the new players from entering the market.
