NEW YORK, Dec. 9, 2022 /PRNewswire/ -- Food additives market insights -
- Vendors: 15+, Including Ajinomoto Co. Inc., Archer Daniels Midland Co., Associated British Foods Plc, Bell Flavors & Fragrances GmbH, Cargill Inc., Chr Hansen Holding AS, Eastman Chemical Co., Evonik Industries AG, Givaudan SA, Griffith Foods Worldwide Inc., Ingredion Inc., International Flavors & Fragrances Inc, J M Huber Corp., Kerry Group Plc, Koninklijke DSM NV, Quality Ingredients Corp., Tate & Lyle Plc, Wego Chemical Group Inc., BASF SE, and Ashland Inc., among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
- Segments: Application, product, and Region
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From a regional perspective, 32% of the market growth will originate from North America. The food additives market size is estimated to grow by USD 14211.34 million from 2022 to 2027 at a CAGR of 5%, according to Technavio.
Food additives market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
- Key purchase criteria
- Adoption rates
- Adoption lifecycle
- Drivers of price sensitivity
- For highlights on customer landscape analysis, download a sample!
Food additives market - Vendor insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers food additives market vendors including -
- Ajinomoto Co. Inc.:
- Archer Daniels Midland Co.
- Associated British Foods Plc
- Bell Flavors & Fragrances GmbH
- Cargill Inc.
- Chr Hansen Holding AS
- Eastman Chemical Co.
- Evonik Industries AG
- Givaudan SA
- Griffith Foods Worldwide Inc.
- Ingredion Inc.
- International Flavors & Fragrances
- J M Huber Corp.
- Kerry Group Plc
- Koninklijke DSM NV
Food additives market - Market dynamics
Major drivers:
- Rising demand for processed food products among consumers across developed and developing countries
- Expanding global middle class
- Increase in the number of working women
Key challenges:
- Growing demand for fresh foods
- Promotion of consumption of fresh fruits and vegetables by the World Health Organization (WHO)
- Rise in the number of supermarkets has boosted the growth of the global fresh food market
Drivers and challenges impact market dynamics, which can impact businesses. Find more insights in a free sample report!
What are the key data covered in this food additives market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the food additives market between 2023 and 2027
- Precise estimation of the size of the food additives market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the food additives market industry across APAC, North America, Europe, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of food additives market vendors
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Food Additives Market Scope |
|
Report Coverage |
Details |
Page number |
190 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2023-2027 |
USD 14211.34 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.4 |
Regional analysis |
North America, APAC, Europe, South America, and the Middle East and Africa |
Performing market contribution |
North America at 32% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ajinomoto Co. Inc., Archer Daniels Midland Co., Associated British Foods Plc, Bell Flavors & Fragrances GmbH, Cargill Inc., Chr Hansen Holding AS, Eastman Chemical Co., Evonik Industries AG, Givaudan SA, Griffith Foods Worldwide Inc., Ingredion Inc., International Flavors & Fragrances Inc, J M Huber Corp., Kerry Group Plc, Koninklijke DSM NV, Quality Ingredients Corp., Tate & Lyle Plc, Wego Chemical Group Inc., BASF SE, and Ashland Inc. |
Market dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Content
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global food additives market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global food additives market 2017 - 2021 ($ million)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Bakery and confectionery - Market size and forecast 2022-2027
- Exhibit 34: Chart on Bakery and confectionery - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Bakery and confectionery - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Bakery and confectionery - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Bakery and confectionery - Year-over-year growth 2022-2027 (%)
- 6.4 Beverages - Market size and forecast 2022-2027
- Exhibit 38: Chart on Beverages - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Beverages - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Beverages - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Beverages - Year-over-year growth 2022-2027 (%)
- 6.5 Convenience food - Market size and forecast 2022-2027
- Exhibit 42: Chart on Convenience food - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Convenience food - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Convenience food - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Convenience food - Year-over-year growth 2022-2027 (%)
- 6.6 Snacks - Market size and forecast 2022-2027
- Exhibit 46: Chart on Snacks - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Snacks - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Snacks - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Snacks - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Application
- Exhibit 54: Market opportunity by Application ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 55: Chart on Product - Market share 2022-2027 (%)
- Exhibit 56: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 57: Chart on Comparison by Product
- Exhibit 58: Data Table on Comparison by Product
- 7.3 Flavors and enhancers - Market size and forecast 2022-2027
- Exhibit 59: Chart on Flavors and enhancers - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Flavors and enhancers - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Flavors and enhancers - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Flavors and enhancers - Year-over-year growth 2022-2027 (%)
- 7.4 Acidulants - Market size and forecast 2022-2027
- Exhibit 63: Chart on Acidulants - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Acidulants - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Acidulants - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Acidulants - Year-over-year growth 2022-2027 (%)
- 7.5 Colorants - Market size and forecast 2022-2027
- Exhibit 67: Chart on Colorants - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Colorants - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Colorants - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Colorants - Year-over-year growth 2022-2027 (%)
- 7.6 Sweeteners - Market size and forecast 2022-2027
- Exhibit 71: Chart on Sweeteners - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Sweeteners - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Sweeteners - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Sweeteners - Year-over-year growth 2022-2027 (%)
- 7.7 Others - Market size and forecast 2022-2027
- Exhibit 75: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by Product
- Exhibit 79: Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 81: Chart on Market share by geography 2022-2027 (%)
- Exhibit 82: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 83: Chart on Geographic comparison
- Exhibit 84: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 89: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 93: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 97: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 101: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 113: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 114: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 115: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 116: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 117: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 118: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 119: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 120: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 France - Market size and forecast 2022-2027
- Exhibit 121: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 122: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 123: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 124: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 125: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 126: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 127: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 128: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 129: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 130: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 131: Matrix on vendor position and classification
- 12.3 Ajinomoto Co. Inc.
- Exhibit 132: Ajinomoto Co. Inc. - Overview
- Exhibit 133: Ajinomoto Co. Inc. - Business segments
- Exhibit 134: Ajinomoto Co. Inc. - Key news
- Exhibit 135: Ajinomoto Co. Inc. - Key offerings
- Exhibit 136: Ajinomoto Co. Inc. - Segment focus
- 12.4 Archer Daniels Midland Co.
- Exhibit 137: Archer Daniels Midland Co. - Overview
- Exhibit 138: Archer Daniels Midland Co. - Business segments
- Exhibit 139: Archer Daniels Midland Co. - Key offerings
- Exhibit 140: Archer Daniels Midland Co. - Segment focus
- 12.5 Ashland Inc.
- Exhibit 141: Ashland Inc. - Overview
- Exhibit 142: Ashland Inc. - Business segments
- Exhibit 143: Ashland Inc. - Key news
- Exhibit 144: Ashland Inc. - Key offerings
- Exhibit 145: Ashland Inc. - Segment focus
- 12.6 Associated British Foods Plc
- Exhibit 146: Associated British Foods Plc - Overview
- Exhibit 147: Associated British Foods Plc - Business segments
- Exhibit 148: Associated British Foods Plc - Key offerings
- Exhibit 149: Associated British Foods Plc - Segment focus
- 12.7 BASF SE
- Exhibit 150: BASF SE - Overview
- Exhibit 151: BASF SE - Business segments
- Exhibit 152: BASF SE - Key news
- Exhibit 153: BASF SE - Key offerings
- Exhibit 154: BASF SE - Segment focus
- 12.8 Bell Flavors and Fragrances GmbH
- Exhibit 155: Bell Flavors and Fragrances GmbH - Overview
- Exhibit 156: Bell Flavors and Fragrances GmbH - Product / Service
- Exhibit 157: Bell Flavors and Fragrances GmbH - Key offerings
- 12.9 Cargill Inc.
- Exhibit 158: Cargill Inc. - Overview
- Exhibit 159: Cargill Inc. - Product / Service
- Exhibit 160: Cargill Inc. - Key news
- Exhibit 161: Cargill Inc. - Key offerings
- 12.10 Chr Hansen Holding AS
- Exhibit 162: Chr Hansen Holding AS - Overview
- Exhibit 163: Chr Hansen Holding AS - Business segments
- Exhibit 164: Chr Hansen Holding AS - Key news
- Exhibit 165: Chr Hansen Holding AS - Key offerings
- Exhibit 166: Chr Hansen Holding AS - Segment focus
- 12.11 Eastman Chemical Co.
- Exhibit 167: Eastman Chemical Co. - Overview
- Exhibit 168: Eastman Chemical Co. - Business segments
- Exhibit 169: Eastman Chemical Co. - Key offerings
- Exhibit 170: Eastman Chemical Co. - Segment focus
- 12.12 Evonik Industries AG
- Exhibit 171: Evonik Industries AG - Overview
- Exhibit 172: Evonik Industries AG - Business segments
- Exhibit 173: Evonik Industries AG - Key news
- Exhibit 174: Evonik Industries AG - Key offerings
- Exhibit 175: Evonik Industries AG - Segment focus
- 12.13 Givaudan SA
- Exhibit 176: Givaudan SA - Overview
- Exhibit 177: Givaudan SA - Business segments
- Exhibit 178: Givaudan SA - Key offerings
- Exhibit 179: Givaudan SA - Segment focus
- 12.14 Ingredion Inc.
- Exhibit 180: Ingredion Inc. - Overview
- Exhibit 181: Ingredion Inc. - Business segments
- Exhibit 182: Ingredion Inc. - Key news
- Exhibit 183: Ingredion Inc. - Key offerings
- Exhibit 184: Ingredion Inc. - Segment focus
- 12.15 International Flavors and Fragrances
- Exhibit 185: International Flavors and Fragrances - Overview
- Exhibit 186: International Flavors and Fragrances - Business segments
- Exhibit 187: International Flavors and Fragrances - Key news
- Exhibit 188: International Flavors and Fragrances - Key offerings
- Exhibit 189: International Flavors and Fragrances - Segment focus
- 12.16 Kerry Group Plc
- Exhibit 190: Kerry Group Plc - Overview
- Exhibit 191: Kerry Group Plc - Business segments
- Exhibit 192: Kerry Group Plc - Key news
- Exhibit 193: Kerry Group Plc - Key offerings
- Exhibit 194: Kerry Group Plc - Segment focus
- 12.17 Koninklijke DSM NV
- Exhibit 195: Koninklijke DSM NV - Overview
- Exhibit 196: Koninklijke DSM NV - Business segments
- Exhibit 197: Koninklijke DSM NV - Key news
- Exhibit 198: Koninklijke DSM NV - Key offerings
- Exhibit 199: Koninklijke DSM NV - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 200: Inclusions checklist
- Exhibit 201: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 202: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 203: Research methodology
- Exhibit 204: Validation techniques employed for market sizing
- Exhibit 205: Information sources
- 13.5 List of abbreviations
- Exhibit 206: List of abbreviations
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SOURCE Technavio
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