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Oct 15, 2024

Global Food Additives Market Report 2024: Competitive Intelligence, Companies' Market Shares, Recent M&A Activity and Venture Funding

Food Additives Market Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The "Global Market for Food Additives" report has been added to ResearchAndMarkets.com's offering.In 2023, the global food additives

Food Additives Market

Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The "Global Market for Food Additives" report has been added to ResearchAndMarkets.com's offering.In 2023, the global food additives market reached a value of $77.2 billion and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to the end of 2029, reaching $106.8 billion by the end of 2029. North America led the market in 2023, driven by growing demand for processed food products, and is predicted to grow at a CAGR of 5.5% through 2029, reaching $33.9 billion. The demand for food additives is fueled by a growing consumer preference for natural additives and an increasing interest in more intricate and authentic flavors. The expanding production of processed foods is resulting in a rise in the use of food additives, as these products typically require extra ingredients to improve their taste. Furthermore, the expanding availability of packaged food items and consumers' willingness to experiment with new flavors also contribute to this growth.

Report ScopeThe report provides market projections for the food additives market from 2024 through 2029 and analyzes the market shares of leading companies. The food additives market is segmented by type into flavors, acidulants, non-nutritive sweeteners, colorants, flavor enhancers, preservatives, enzymes, and others.

It is further segmented by source into natural and synthetic, and by application into beverages, bakery and confectionery, sauces, dressings and condiments, dairy and frozen desserts, sweet and savory snacks, and other applications. Regional estimates and forecasts include North America, Europe, the Asia-Pacific region, South America, and the Middle East and Africa.The report includes:

110 data tables and 42 additional tables

An overview of the global markets for food additives

Analyses of the global market trends, with data from 2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029

Evaluation of market size and market shares of food additives based on type, application, source of origin and region

Discussion of developments in food additive R&D and technologies

Examination of the marketing of food additives, including distribution channels, the impact of large food processors and end-user selection criteria

Description of natural vs. artificial/ synthetic food additives and highlights of concerns related to artificial/ synthetic products and stringent regulations on their use

Discussion of environmental and regulatory considerations affecting food additives and their impact on products and markets

Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices followed by leading companies, their ESG ratings, and consumer attitudes

Competitive intelligence, including companies' market shares, recent M&A activity and venture funding

Profiles of leading companies in the food additives market including: BASF, Givaudan, ADM, Ajinomoto Co. and International Flavors & Fragrances Inc.

Key Attributes:

Report Attribute

Details

No. of Pages

130

Forecast Period

2024 - 2029

Estimated Market Value (USD) in 2024

$80.4 Billion

Forecasted Market Value (USD) by 2029

$106.8 Billion

Compound Annual Growth Rate

5.8%

Regions Covered

Global

Key Topics Covered: Chapter 1 Introduction

Market Outlook

Scope of Report

Market Summary

Chapter 2 Market Overview

PESTEL Analysis

Porter's Five Forces Analysis

Regulatory Analysis

Chapter 3 Market Dynamics

Market Drivers

Rising Demand for Natural Food Additives

Increasing Market Demand by Developing Economies

Increasing Demand for Processed Food Products

Market Restraints

Increasing Concerns Over Synthetic/Artificial Additives

Misleading Labeling and Stringent Regulatory Framework

Market Opportunities

Increasing Number of Retail Outlets and E-Commerce Platforms

Chapter 4 Patent Analysis

Patent Analysis

Patents by Status

Patents by Region/Country

Patents Granted to Applicants

Select Patent Grants

Chapter 5 Market Segmentation Analysis

Market Analysis, by Type

Flavors

Acidulants

Non-Nutritive Sweeteners

Colorants

Flavor Enhancers

Preservatives

Enzymes

Others

Market Breakdown by Source

Natural

Synthetic

Market Breakdown by Application

Bakery and Confectionery

Beverages

Sauces, Dressing, and Condiments

Dairy and Frozen Desserts

Sweet and Savory Snacks

Other Applications

Market Analysis by Region

Chapter 6 Competitive Intelligence

Leading Companies

Company Product Portfolios

Chapter 7 Sustainability in the Food Additives Market: An ESG Perspective

Industry ESG Performance Analysis

Company Profiles

ADM

Ajinomoto

Associated British Foods

BASF

Cargill

Chr. Hansen A/S, Part of Novonesis

DSM

Givaudan

International Flavors & Fragrances Inc.

Kerry Group

Symrise

Tate & Lyle

For more information about this report visit https://www.researchandmarkets.com/r/ke8m5b

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Food Additives Market