Market Size of Europe Food Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Food Additives Market Analysis
The European food additives market is projected to register a CAGR of 5.5% during the forecast period (2020 - 2025).
- The market is primarily driven by the wide range of its application in food and beverage industries for different functioning, such as preservative, flavor enhancer, emulsifier, sweetener, colorant, and many other functions. Also, the rising demand for convenience and packaged foods, where additives are used in a higher quantity, is further fueling the market growth.
- However, stringent environmental regulations, like the FDA for additives used directly in processed foods and food-contact substances, such as food packaging products, are expected to impede the market growth.
