Market Size of North America 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 | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Food Additives Market Analysis
The North American food additives market is anticipated to record a CAGR of 5.5% during the forecasted period (2022-2027).
The COVID-19 pandemic resulted in many opportunities for several private players to emerge in the market to cater to the inflated demand for food products, which, in turn, benefitted the additive manufacturers. The need for innovative snack products was consistently high in developed countries like the United States due to the convenience of storing, usage, and rapid provision of nutrition and energy on consumption. Also, immunity was one of the popular trends. Immunity-boosting ingredients, particularly turmeric, elderberry, echinacea, citrus, and berry flavors, perform well with those looking for a quick fix in their diet. For instance, elderberry was among the flavors consumed increasingly during the pandemic as it is known to boost immunity. Thus, the market saw growth even during the pandemic. The staple trend of natural ingredients became more pronounced as the COVID-19 pandemic prompted consumers to opt for more natural additives associated with perceived healthful attributes.
The market was led by chemical preservatives, such as benzoates, nitrites, and propionates. However, growing consumer awareness of the adverse impacts of chemical additives is pressurizing the food and beverage industry to introduce natural additives. A complex regulatory environment is another major restraint in the market.
Rising demand for meat and poultry products is expected to boost growth. Manufactures such as Corbion NV use vinegar and jasmine extract as an anti-oxidant and citrus powder to prevent moisture migration of the product.
