The Food Additives Global Market Report 2023, provides comprehensive information on the food additives market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s Food Additives Global Market Report for the year 2023, the worldwide food additives market is poised for a noteworthy expansion. It is projected to escalate from a valuation of $45.76 billion in 2022 to a substantial $48.43 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 5.8%. However, the global economic landscape has been severely impacted by the Russia-Ukraine conflict, thereby hindering the recovery process from the lingering effects of the COVID-19 pandemic, particularly in the near term.
The ongoing conflict has unleashed a cascade of ramifications, including the imposition of economic sanctions on several nations, a substantial surge in commodity prices, and significant disruptions in supply chains. These consequences have culminated in inflationary pressures permeating various industries and sectors across the global economy. Despite these challenges, the global food additives market is anticipated to continue its upward trajectory, with a projected size of $59.72 billion by 2027, maintaining a commendable CAGR of 5.4%. This growth underscores the resilience and adaptability of the food additives sector in the face of complex global events.
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The food additives market is currently experiencing a prominent and compelling trend – the surge of product innovations. Leading companies within the food additives industry are zealously dedicating their efforts to the development of pioneering products with the aim of solidifying their positions in this ever-evolving market landscape. A striking example of this is the noteworthy initiative undertaken by Lifeasible, a renowned US-based biotechnology firm, in May 2022. This company unveiled a dazzling array of nine novel sweetener products within its food additives portfolio, each meticulously crafted to assist researchers in their quest to craft a diverse range of healthier food alternatives.
The sweetener products introduced by Lifeasible are truly remarkable, comprising Regular Stevia (ranging from 80% to 98% purity), Rebaudioside A, Rebaudioside E, Enzymatically Modified Stevia (EMS), Healthy ready-to-eat sugar, Sucralose, Xylitol, Erythritol, and Sorbitol. Sweeteners, in essence, are substances incorporated into food and beverages to impart a delightful, sugary taste. They can be derived from actual sugar or artificial sugar substitutes, each imbued with a saccharine essence. The realm of artificial sweeteners has witnessed significant adoption within the sphere of commercially-produced processed foods and beverages. Furthermore, there are organic, non-sugar sweeteners like glycyrrhizin, extracted from licorice, that offer an alternative for those seeking natural sweetness. This dynamic landscape showcases the profound impact of innovation in shaping the future of food additives and their transformative role in advancing the realm of healthier food options.
The food additives market is segmented:
1) Food Additives Market By Product: Preservatives, Bulk Sweeteners, Sugar Substitutes, Emulsifiers, Anti-Caking Agents, Enzymes, Food Flavors, Food Colorants, Acidulants
2) Food Additives Market By Source: Synthetic, Natural
3) Food Additives Market By Application: Beverages, Bakery, Confectionery, Sauces and Dressings, Dairy, Other Applications
Top Major Players
Archer Daniels Midland Company
Asia-Pacific was the largest region in the food additives market in 2022.
The table of contents in TBRC’s food additives market report includes:
1. Executive Summary
2. Food Additives Market Characteristics
3. Food Additives Market Trends And Strategies
4. Food Additives Market – Macro Economic Scenario
5. Food Additives Market Size And Growth
…..
26. Africa Food Additives Market
27. Food Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Additives Market
29. Food Additives Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Food Additives Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Food Additives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Food Additives Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…..
Table 46: Ajinomoto Co Inc. Financial Performance
Table 47: Archer Daniels Midland Company Financial Performance
Table 48: BASF SE Financial Performance
Table 49: Cargill Incorporated Financial Performance
Table 50: Chr. Hansen Holding A/S Financial Performance
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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