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Food Additives Market Size

Report ID: GMI155
Published Date: Mar 2023
Report Format: PDF

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Food Additives Market Size

Food Additives Market size valued at USD 100 billion in 2022 and is projected to register 7% CAGR from 2023 to 2032.

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Increasing consumer inclination towards clean labeled products will have a positive impact on the industry size. Rising disposable incomes and the rapid penetration of clean food trends across developed and developing economies, particularly across Europe are driving the demand for novel food additives. Moreover, the recent technological breakthroughs and innovations in plant-based food ingredients will complement the industry outlook. The significant rise in the number of clean labeled food manufacturers is offering lucrative scope for new product developments. For instance, in March 2023, InnovoPro, a global leader in chickpea protein, unveiled Cacio e Pepe Plant-Based Cheese Crisps made from its clean-label ingredient, CP-Pro 70® chickpea protein concentrate.

Food Additives Market Report Attributes
Report Attribute	Details
Base Year:	2022
Food Additives Market Size in 2022:	USD 100 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.0%
2032 Value Projection:	USD 200 Billion
Historical Data for:	2018 to 2022
No. of Pages:	1,200
Tables, Charts & Figures:	4,097
Segments covered:	Product, Application , and Region
Growth Drivers:	North America: Favorable regulations by FDA pertaining to the approval of food additives Europe: Increasing demand for clean labeled products along with innovation in the food industry Asia Pacific: Increasing demand for packaged foods and growing food & beverage sector
Pitfalls & Challenges:	Increasing consumption of organic food and preference for no additive product Health effects from synthetic food additives

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food additives reached USD 100 billion in 2022 and is poised to grow at 7% CAGR from 2023 to 2032.

The sweeteners segment is expected to witness over 8.8% CAGR through 2032, due to the health benefits of low-calorie sweeteners in weight management.

The market size for food additives in Asia Pacific is likely to reach USD 75 billion by 2032, owing to the increasing production of agriculture and processed food products in India.

BASF SE, Bio Springer, Cargill Inc., Novozymes, DuPont, Corbion, Givaudan S.A., Kerry Group, Lonza Group, Palsgaard A/S, and Tate & Lyle PLC are some of the major manufacturers of food additives.