The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Food Additives Global Market Report 2024 offers crucial insights into the food additives market help businesses analyse and build stronger strategies.

The food additives market has witnessed significant growth in recent years, with the market size projected to increase from $48.14 billion in 2023 to $51.07 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.1%. This growth is driven by various factors, including consumer demand for convenience foods, health and wellness trends, and increased urbanization.

Anticipating Continued Expansion

Looking ahead, the food additives market is poised for strong growth, reaching $64.81 billion by 2028, with a CAGR of 6.1%. This growth will be fueled by clean-label and natural additives, health concerns, and a focus on food safety, among other factors.

Increasing Consumption Of Ready-To-Eat Food Drives Growth In The Food Additives Market

Meeting Consumer Needs

The increasing consumption of ready-to-eat food is expected to drive the growth of the food additives market. Ready-to-eat foods utilize various natural and artificial preservatives to maintain quality and freshness, meeting the demands of busy consumers seeking convenient food options.

Insights from the Market

A survey conducted by Itochu Corporation revealed that approximately 45% of respondents consume ready-to-eat bento boxes sold at convenience stores. This trend is particularly prevalent among men and young consumers, indicating a growing market for convenient food options.

Food Additives Market Sees A Surge In Product Innovations

Driving Innovation

Product innovations are driving growth in the food additives market, with companies like Lifeasible launching nine new sweetener products to cater to consumer demand for healthier alternatives. These innovations are reshaping the market landscape, offering a wider range of options for food manufacturers and consumers alike.

Strategic Acquisitions

In June 2021, Kerry Group acquired Niacet Corporation, expanding its clean label portfolio and enhancing its position in the food additives market. This strategic move reflects the industry’s focus on meeting consumer preferences for natural and clean-label ingredients.

Market Segmentation and Regional Dynamics

Understanding Market Dynamics

The food additives market is segmented based on product, source, and application, offering tailored solutions for diverse industry needs. Key segments include preservatives, bulk sweeteners, emulsifiers, and food flavors.

Regional Outlook

Asia-Pacific emerged as the largest region in the food additives market in 2023, driven by increasing urbanization and changing consumer preferences. This region is expected to continue leading the market share in the coming years.

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https://www.thebusinessresearchcompany.com/report/food-additives-global-market-report

The Food Additives Global Market Report 2024 provides a comprehensive outlook of the food additives market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The food additives market forecast offers a thorough analysis onfood additivesmarket size, food additives market share,prominent players and their strategies.

The Table Of Content For The Food Additives Market Include:
1. Food Additives Market Executive Summary
2. Food Additives Market Segments
3. Food Additives Market Size And Food Additives Market Growth Rate
4. Key Food Additives Market Trends
5. Major Food Additives Market Drivers
……
25. Key Mergers And Acquisitions In The Food Additives Market
26. Top Food Additives Companies
27. Food Additives Market Opportunities And Strategies
28. Food Additives Market, Conclusions And Recommendations
29. Appendix

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