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Food Additive Market is Estimated to Reach USD 551.4 Billion by 2034, Driven by Growing Demand for Processed and Convenient Food Products | Future Market Insights, Inc.
Usage of food additives is expected to remain high in the beverage sector during the forecast period. As per the latest report, the target segment is anticipated to account for a market share of in 2024.
The market size is increasing as a result of the promotion of healthy food additives by several food and beverage firms. Leading corporations are promoting probiotics, dietary fibers , and prebiotics as healthful foods to gain market share.
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The Factors Increasing the are as follows:
Food additives play a vital part in the food and beverage industry. They are used for various purposes, from preserving freshness to improving color and texture.
The growing usage of food additives to improve the taste, quality, and texture of different food products is expected to boost the market. Similarly, the ability of food additives like preservatives to extend the shelf life of food products will boost their sales through 2034.
The market for food additives is influenced significantly by consumer preferences and changing lifestyles. There is a rise in demand for processed and packaged food products as consumers seek convenience and a broader range of food variety. This will likely fuel food additive demand.
Food additives make processed food products attractive and safe. They prevent spoilage, maintain nutritional content, and enhance the overall sensory experience of the food. Hence, increasing production and consumption of processed and packaged food products is set to bolster sales of food additives.
Common food additives include flavor enhancers, sweeteners, colors, and stabilizers. They play a critical role in enhancing appearance, extending shelf life, and improving processed food products' taste, texture, and palatability.
Preservatives help extend the lifespan of goods, thereby reducing food waste. Flavor enhancers and sweeteners enhance the taste of foods and beverages, catering to evolving consumer preferences for exciting and healthier options.
The market is also witnessing a shift toward natural food additives. Growing concerns over several synthetic food additives' safety and health effects drive this trend.
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Chr. Hansen Holding A/S, BASF SE, Royal DSM N.V., Sensient Technologies Corporation, Dow Chemical Company, Nutra Food Ingredients, LLC, Bell Flavors & Fragrances Incorporated, and Ajinomoto Food Ingredients are the key food additive manufacturers listed in the report.
Top companies are expanding product portfolios by introducing new food additives like natural flavors and low-calorie sweeteners . They also employ strategies like advertising, partnerships, acquisitions, agreements, and mergers to gain a competitive edge in the market.
For instance,
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global food additive industry, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the food additive market based on product type (dairy ingredients, sweeteners, fibers, and fine ingredients) and end-use application (dairy industry, confectionery, bakery, snacks, sauces & soups, pasta & noodles, meat products, baby food, pharmaceuticals, beverages, dietary supplement and personal care) across various regions.
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By Product Type:
By End-use Application:
By Region:
Future Market Insights (FMI) food & beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
The food and beverage additive market size is anticipated to be valued at US$ 65.20 billion in 2024, registering a CAGR of 5.80% from 2024 to 2034.
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The global probiotic infant formula market size is projected to increase from US$ 526.2 million in 2024 to US$ 1,281.2 million by 2034.
An exhaustive scrutiny of the food and beverage sector signifies that the citrus oil market has the potential for moderate growth, with a projected CAGR of 4.40% from 2024 to 2034.
The global vegan supplements market is expected to reach a valuation of US$ 4,830.2 Million by the end of 2022. It is set to accelerate with a CAGR of 11.3% during the forecast period from 2022 to 2032.
The demand for postbiotic supplements is expected to register a CAGR of 10.9% from 2024 to 2034, reaching a valuation of US$ 30.5 million by 2034.
The ingredients market for plant-based food & beverages is estimated to secure a valuation of US$ 2.3 billion in 2023 and is estimated to rise to US$ 9.30 billion by 2033.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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