India Food Additives Industry Overview
| Study Period: | 2018 - 2028 |
| CAGR: | 6.5 % |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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India Food Additives Market Analysis
India Food Additives Market is anticipated to grow at a CAGR 6.5% during the forecast period(2020-2025).
- The food additives market in India is primarily driven by the growing food processing industry in the country.
- Increasing focus towards healthier lifestyles, rising workforce and increasing awareness about quality foods, are spurring demand for food additives in the country.
- Growing urbanization, rising disposible income, increased preference for diverse culinary styles have also contributed to the rise in demand for food additives in the country.
- Bakery and beverage segments are the major industries demanding for additives, with an increased focus on clean label ingredients.
India Food Additives Industry Segments
India Food Additives Market is segmented by Type into Preservatives, Sweetner, Sugar Substitutes, Emulsifier, Anti-Caking Agents, Enzymes, Hydrocolloids, Food Flavors and Enhancers, Food Colorants, Acidulants. By application the market is segmented into Dairy & Frozen, Bakery, Meat & Sea Food, Beverages, Confectionery, others.
| By Type | |
| Preservatives | |
| Sweetner | |
| Sugar Substitutes | |
| Emulsifier | |
| Anti-Caking Agents | |
| Enzymes | |
| Hydrocolloids | |
| Food Flavors and Enhancers | |
| Food Colorants | |
| Acidulants |
| By Application | |
| Dairy & Frozen | |
| Bakery | |
| Meat & Sea Food | |
| Beverages | |
| Confectionery | |
| Others |
India Food Additives Market Trends
This section covers the major market trends shaping the India Food Additives Market according to our research experts:
Growing Consumer Interest In Food Safety And Quality
Consumers’ interest in food safety and quality is growing across the country. It has been estimated that approximately 25% of all the food produced is lost after harvest due to microbial activity. Moreover, the rising number of foodborne disease outbreaks, adulteration cases, and toxicity have increasingly manifested the threat to food safety. The Centre for Disease Control and Prevention (CDCP) has reported that one in 10 people fall sick due to foodborne illness every year, and most importantly, children under the age of five years are at high risk. The FSSAI and SIAM introduced the recall process draft and code in 2011 and 2012, respectively, but there is need for stronger enforcement of safety standards and recall data. These factors will have a huge impact on food additives market in India.
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Beverage Applications Held A Prominent Share
Beverage industry in India has seen a surge in the past few years. This is associated with the growing trend of convenience and the demand from the millenial population. Surging demand for tropical flavours in non-alcoholic beverages such as carbonated drinks, juices and flavoured water is also driving demand for food additives in the country. The expanding product offerings attributed by the presence of major players in the country are owing to the growth in the segment. With the growing health consciousness of the consumers players are incorporating additives with less chemical traces leading to the growth of clean label and natural ingredients.
India Food Additives Market Competitor Analysis
Food additives market is a fragmented market with the presence of various players dominated by major global players. Major players in the market are Cargill Inc., BASF SE, Archer Daniels Midland Company, Ajinomoto Co., Inc. etc. Market leaders caters a wider range of product offerings and strong distribution channel, providing a competitive advantage in the market.
India Food Additives Market Top Players
Cargill Inc.
Corbion NV
Dupont
Novozymes
*Disclaimer: Major Players sorted in no particular order
India Food Additives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Preservatives
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5.1.2 Sweetner
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5.1.3 Sugar Substitutes
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5.1.4 Emulsifier
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5.1.5 Anti-Caking Agents
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5.1.6 Enzymes
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5.1.7 Hydrocolloids
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5.1.8 Food Flavors and Enhancers
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5.1.9 Food Colorants
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5.1.10 Acidulants
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5.2 By Application
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5.2.1 Dairy & Frozen
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5.2.2 Bakery
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5.2.3 Meat & Sea Food
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5.2.4 Beverages
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5.2.5 Confectionery
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill, Incorporated
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6.4.2 Kerry Inc.
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6.4.3 Tate & Lyle
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6.4.4 Ingredion
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6.4.5 DSM
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6.4.6 Corbion NV
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6.4.7 Novozymes
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6.4.8 DuPont
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
India Food Additives Market Research FAQs
What is the study period of this market?
The India Food Additives Market is studied from 2018 - 2028.
What is the growth rate of India Food Additives Market?
The India Food Additives Market is growing at a CAGR of 6.5% over the next 5 years.
Who are the key players in India Food Additives Market?
Cargill Inc., Corbion NV, Dupont, Novozymes are the major companies operating in India Food Additives Market.
India Food Additives Industry Reports
In-depth industry statistics and market share insights of the India Food Additives sector for 2020, 2021, and 2022. The India Food Additives research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the India Food Additives report PDF.
