Food Additives Market Growth, Trends, and Forecast (2019 - 2024)

Global Food Additive Market is segmented by type Preservatives, Sweeteners, Emulsifiers, Anti-Caking Agents, Enzymes, Hydrocolloids, Food Flavours and Enhancers, Food Colorants, Acidulants and by Geography

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR(%):

6%

Key Players:

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Market Overview

Global food additives market was valued at USD 64.04 billion in 2018, and it is expected to reach USD 90.84 billion by 2024, at a CAGR of 6% during the forecast period.

  • Despite its highly developed state, the global food additives market continues to grow in value terms. Demand remains high from the world's food and drink manufacturers, since additives are used for a wide variety of different purposes examples include taste enhancement (flavours), food safety (preservatives), appearance (colours), texturizing (hydrocolloids) and, increasingly, to impart additional health qualities (antioxidants and functional food ingredients).  

Scope of the Report

Global Food Additives market is segmented by type of additives such as Preservatives, Sweeteners, Emulsifiers, Anti-Caking Agents, Hydrocolloids, Colorants, Acidulants, Flavors and Enhancers and Enzymes. Each segment is further segmented into popular sub-segments and by the application. Further, the market is segmented by Geography.

 

PRESERVATIVES
Natural Antioxidants
Sorbates
Benzonates
Others
SWEETENERS
Bulk Sweeteners
Sucrose
Fructose
Lactose
HFCS
Others
Sugar Substitutes
Sucralose
Xylitol
Stevia
Aspartame
Saccharine
Others
EMULSIFIERS
"Mono- Di-Glycerides & Derivatives"
Lecithin
Sorbate Esters
Others
ANTI-CAKING AGENTS
Calcium Compounds
Sodium Compounds
Silicon Dioxide
Others
ENZYMES
Carbohydrase
Protease
Lipase
Others
HYDROCOLLOIDS
Starch
Gelatin Gum
Xanthan Gum
Others
FOOD FLAVORS AND ENHANCERS
Natural Flavors
Synthetic Flavors
Flavor Enhancers
FOOD COLORANTS
Synthetic Food Colorants
Natural Food Colorants
Others
ACIDULANTS
Citric Acid
Phosphoric Acid
Lactic Acid
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa

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Key Market Trends

Asia Pacific is the fastest growing market for Flavors and Enhancers

The major manufacturing hubs in the globe are North America and Asia-Pacific which constitute the majority share in the food flavours and enhancer market. The other three regions are Europe, South America, and Africa. The European market is a mature market and has several regulatory bodies to regulate stringently the use of food flavours and enhancers, thereby taking care of the consumers of the nations. The small firms merging with the large well-established firms have increased the revenues over the years. As the per capita income, of the developing countries are increasing significantly, the demand for food flavours has increased.

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Sweeteners hold a prominent share in the Food Additives market

The global sweetener market is segmented by type into bulk sweetener and sugar substitute. The bulk sweetener is further segmented into Sucrose, Fructose. Lactose, High Fructose Corn Syrup (HFCS), and others. Bulk sweetener is the largest segment and holds a share of 56.66%.Sucrose dictates more than 13% share in this market. The major constraint in the sugar market is the volatility in prices, leading to market fluctuations. Growing health concerns associated with artificial sweeteners such as aspartame and saccharin are driving consumers' interest in natural sweeteners. Steviol glycosides mainly drive the growth in the natural high-intensity sweeteners space followed by monk fruit extract mogroside V. Stevia is also seeing a major demand in the natural sweeteners category.

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Competitive Landscape

The market is dominated by Cargill, Kerry Group, ADM, Tate & Lyle, Danisco, Givaudan, Brenntag, Firmenich, Associated British Foods, and International Flavors & Fragrances. These companies together account for more than 50% of market share. Tate & Lyle major sweetener brand, SPLENDA sucralose, on the expiry of the patent on its production process, made several domestic players to increase their production capacity of sucralose and led Tate to lose its share. Givaudan and International flavours & fragrances are investing in new production facilities of food ingredients in the developing countries, with focus, particularly in the ASEAN markets.

Major Players

  1. Cargll Inc
  2. Dupont Danisco
  3. Kerry group
  4. Brenntag
  5. Associated British Foods

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Porters 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 PRESERVATIVES

      1. 5.1.1 Natural Antioxidants

      2. 5.1.2 Sorbates

      3. 5.1.3 Benzonates

      4. 5.1.4 Others

    2. 5.2 SWEETENERS

      1. 5.2.1 Bulk Sweeteners

      2. 5.2.2 Sucrose

      3. 5.2.3 Fructose

      4. 5.2.4 Lactose

      5. 5.2.5 HFCS

      6. 5.2.6 Others

    3. 5.3 Sugar Substitutes

      1. 5.3.1 Sucralose

      2. 5.3.2 Xylitol

      3. 5.3.3 Stevia

      4. 5.3.4 Aspartame

      5. 5.3.5 Saccharine

      6. 5.3.6 Others

    4. 5.4 EMULSIFIERS

      1. 5.4.1 "Mono- Di-Glycerides & Derivatives"

      2. 5.4.2 Lecithin

      3. 5.4.3 Sorbate Esters

      4. 5.4.4 Others

    5. 5.5 ANTI-CAKING AGENTS

      1. 5.5.1 Calcium Compounds

      2. 5.5.2 Sodium Compounds

      3. 5.5.3 Silicon Dioxide

      4. 5.5.4 Others

    6. 5.6 ENZYMES

      1. 5.6.1 Carbohydrase

      2. 5.6.2 Protease

      3. 5.6.3 Lipase

      4. 5.6.4 Others

    7. 5.7 HYDROCOLLOIDS

      1. 5.7.1 Starch

      2. 5.7.2 Gelatin Gum

      3. 5.7.3 Xanthan Gum

      4. 5.7.4 Others

    8. 5.8 FOOD FLAVORS AND ENHANCERS

      1. 5.8.1 Natural Flavors

      2. 5.8.2 Synthetic Flavors

      3. 5.8.3 Flavor Enhancers

    9. 5.9 FOOD COLORANTS

      1. 5.9.1 Synthetic Food Colorants

      2. 5.9.2 Natural Food Colorants

      3. 5.9.3 Others

    10. 5.10 ACIDULANTS

      1. 5.10.1 Citric Acid

      2. 5.10.2 Phosphoric Acid

      3. 5.10.3 Lactic Acid

      4. 5.10.4 Others

    11. 5.11 Geography

      1. 5.11.1 North America

        1. 5.11.1.1 United States

        2. 5.11.1.2 Canada

        3. 5.11.1.3 Mexico

        4. 5.11.1.4 Rest of North America

      2. 5.11.2 Europe

        1. 5.11.2.1 Germany

        2. 5.11.2.2 United Kingdom

        3. 5.11.2.3 France

        4. 5.11.2.4 Italy

        5. 5.11.2.5 Russia

        6. 5.11.2.6 Spain

        7. 5.11.2.7 Rest of Europe

      3. 5.11.3 Asia-Pacific

        1. 5.11.3.1 India

        2. 5.11.3.2 China

        3. 5.11.3.3 Australia

        4. 5.11.3.4 Rest of Asia-Pacific

      4. 5.11.4 South America

        1. 5.11.4.1 Brazil

        2. 5.11.4.2 Argentina

        3. 5.11.4.3 Rest of South America

      5. 5.11.5 Middle East and Africa

        1. 5.11.5.1 United Arab Emirates

        2. 5.11.5.2 Saudi Arabia

        3. 5.11.5.3 South Africa

        4. 5.11.5.4 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Market Share Analysis

    3. 6.3 Key Strategies adapted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 CARGILL

      2. 6.4.2 KERRY GROUP

      3. 6.4.3 CORBION PURAC

      4. 6.4.4 STEVIA FIRST CORPORATION

      5. 6.4.5 HERMES SWEETNERS LTD

      6. 6.4.6 TATE & LYLE PLC

      7. 6.4.7 ARCHER DANIELS MIDLAND (ADM)

      8. 6.4.8 RIKEN VITAMIN

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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