Market Size of United Kingdom Food Additives Industry
|2019 - 2029
|Base Year For Estimation
|Forecast Data Period
|2024 - 2029
|Historical Data Period
|2019 - 2022
*Disclaimer: Major Players sorted in no particular order
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United Kingdom Food Additives Market Analysis
The UK food additives market is projected to record a CAGR of 3.02% over the next five years.
The UK food additive market is significantly driven by growing demand for convenience food, primarily benefiting from additives like preservatives, sweeteners, etc. Preservatives are key additives in the convenience food manufacturing process to increase the products' shelf-life. The demand for several functional beverages has been increasing among consumers, which is anticipated to boost the demand for specialty food additives, like stevia, specialty flavors, and acidulants. The market has witnessed a growing demand for natural food items and beverages rising rapidly across the region, accelerating the country's demand for natural and clean-label food additives.
A growing number of health-conscious consumers are looking to avoid synthetic additives, and an increasing number of retailers are adding synthetic colors, enzymes, flavors, and thickeners to their list of unacceptable ingredients. The demand for clean labels and organic and natural ingredients is increasing among consumers. The market players in the country are adopting new strategies like mergers, acquisitions, and partnerships to expand their product reach and bring innovation. For instance, in June 2022, Givaudan and Manus Bio, a biomanufacturer of natural products, announced the launch of BioNootkatone, a sustainable, natural, clean-label citrus flavor ingredient. BioNootkatone provides a refreshing, natural citrus taste that can be used in a variety of food and beverage applications.