Food Additives Market Size Worth $150.48 Billion by 2028: Grand View Research, Inc.

Read 467-page market research report, "Food Additives Market Size, Share & Trends Analysis Report By Product (Flavors & Enhancers, Sweeteners, Enzymes, Emulsifiers), By Source (Natural, Synthetic), By Application, By Region, And Segment Forecasts, 2020 - 2028", published by Grand View Research. Read 467-page market research report, " Food Additives Market Size, Share & Trends Analysis Report By Product (Flavors & Enhancers, Sweeteners, Enzymes, Emulsifiers), By Source (Natural,...

Read 467-page market research report, "Food Additives Market Size, Share & Trends Analysis Report By Product (Flavors & Enhancers, Sweeteners, Enzymes, Emulsifiers), By Source (Natural, Synthetic), By Application, By Region, And Segment Forecasts, 2020 - 2028", published by Grand View Research.

Food Additives Market Growth & Trends

Rising consumption of ready-to-eat, ready-to-cook, and meal replacement food and beverages are expected to fuel the demand for food additives. For instance, according to the survey results published by the Food Standards Agency in May 2021, approximately 81.0% of survey respondents in the U.K. confirmed buying processed food products from April 2020 to March 2021. Food additives are commonly added to these products to enhance their appearance and mouthfeel.

The manufacturers of food and beverages are increasingly developing products infused with health-supporting ingredients to attract consumers supporting the demand for probiotics, prebiotics, and dietary fibers. For instance, In June 2021, Japan-based Yakult Honsha Co., Ltd., a key probiotic products company, launched a wide range of ice creams comprising probiotic strain Lactobacillus paracasei Shirota.

Manufacturers of food and beverage products are formulating their products with botanical ingredients due to shifting consumer preference towards plant-based diets. Plant-derived products often impart unpleasant or bitter after taste leading to an unappealing mouthfeel. Demand for food additives has surged as they are used as flavors, sweeteners, hydrocolloids, and preservatives to enhance taste and texture and increase the shelf life of such products.

The COVID-19 emergence disrupted the global supply chain in 2020 and led to limited demand for food additives from the foodservice industry. For instance, Givaudan reported that its 'Taste & Wellbeing' segment that is engaged in the business of flavor ingredients witnessed lower demand from foodservice and out-of-home food end users in 2020. However, this segment witnessed an increased demand for immunity-boosting products, juice-based beverages, culinary solutions, nutritional bars, and savory and snacks. 

Food Additives Market Segmentation

Grand View Research has segmented the global food additives market on the basis of product, source, application, and region:

Food Additives Product Outlook (Revenue, USD Million, 2017 - 2028)

Food Additives Source Outlook (Revenue, USD Million, 2017 - 2028)

Food Additives Application Outlook (Revenue, USD Million, 2017 - 2028)

Crisscross Analysis, Product by Source Outlook (Revenue, USD Million, 2017 - 2028)

Crisscross Analysis, Product by Application Outlook (Revenue, USD Million, 2017 - 2028)

Food Additives Regional Outlook (Revenue, USD Million, 2017 - 2028)

 List of Key Players of Food Additives Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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