Food Additives Market Analysis, Size, Current Scenario and Future Prospects

The global food additives market is expected to grow at a compound annual growth rate (CAGR) of 6.48% during the forecast period (2024-2031). The increased focus on increasing the shelf life and stability of the food additives is one of the drivers for market growth. As the sales of packaged/processed food are increasing the food additives company has increased its focus in developing such additives which keep processed food healthy for a long period of time. Many of the antioxidants, emulsifiers, preservatives, and stabilizers are being used to keep the shelf life of the food as long as possible. The preservatives used in the food omit the risk of bacteria, fungus, and many other bacteria. Here antioxidants play a crucial role in increasing the shelf life of the food. The antioxidants prevent the food from reacting with air outside and help to preserve the essential fats and nutrition of the food.  

According to the press release of ADM, it released a new product lineup of antioxidants which were made from plant-based functional extracts in August 2017. The lineup launched by the company included green tea, an antioxidant blend, and acerola, a tropical fruit that is rich in Vitamin C as well as bioflavonoids.

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Market Coverage

•The market number available for – 2023-2030

•Base year- 2023

•Forecast period- 2024-2031

Segment Covered- 

•By Source 

•By Type

•By Application

Regions Covered-

•North America

•Europe

•Asia-Pacific

•Rest of the World

•Competitive Landscape includes ADM, Chr. Hansen Holding A/S, Ingredion Inc., International Flavors & Fragrances, Tate & Lyle plc (IFF), and others.

Food Additives Market Report Segment

By Source 

•Natural

•Synthetic

By Type

•Emulsifiers and Enzymes

•Sweeteners 

•Hydrocolloids

•Others (Acidulants, Dietary fibers, and many more)

By Application

•Food

•Beverages

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Food Additives Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•Latin America

•Middle East and Africa 

Company Profiles

•Ajinomoto Co., Inc.

•BASF SE

•Bunge Global SA

•Cargill, Inc.

•Corbion NV

•Fooding Grp, Ltd.

•Givaudan

•Kerry Group plc

•Lonza Group Ltd.

•McCormick & Co.

•Novozymes

•Palsgaard 

•PepsiCo, Inc.

•Roquette Frères

•Sensient Technologies Corp.

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Article source: https://article-realm.com/article/Food-Beverage/56216-Food-Additives-Market-Analysis-Size-Current-Scenario-and-Future-Prospects.html