Synthetic Food Market Size By Product (Colour, Enzymes, Hydrocolloids, Flavour & Fragrances, Antioxidants, Emulsifiers, Fat replacers), By Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Others) & Forecast, 2023-2032

Synthetic Food Market Size

Synthetic Food Market size reached USD 16 billion in 2022 and is anticipated to exhibit a CAGR of 7% between 2023 and 2032, as a result of the increased interest in artificial foods as meat replacements.
 

Artificial food is an increasingly popular trend, with advances in synthetic biology supporting the development of a new line of ultra-processed, synthetically produced foods. These new products seek to replace and imitate animal proteins, food additives, and other rare ingredients. The growing attraction toward alternative proteins will provide an edge to synthetic biology food developers, considering their ability to replicate the taste, appearance, and texture of meat. Consumers are also gaining awareness of the limitation of meat and traditional protein, enabling synthetic food to emerge as a viable alternative.
 

Likewise, the rising emphasis on health and wellness will encourage manufacturers to produce high-nutrient synthetic functional foods low in sugar, salt, and fat tailored to meet specific nutritional requirements. However, several consumers are hesitant to try synthetic products as they are relatively new to the market. Additionally, the increasing concern about their taste, nutrition, and safety will limit the adoption of synthetic foods to a certain extent over the forthcoming years.
 

Synthetic Food Market Analysis

The synthetic food market share from the flavor & fragrances product segment is set to depict around 6.5% CAGR through 2032. This is considering the emergence of artificial flavor manufacturing as a safe and highly economical substitute for natural flavor production. The synthetic food flavor manufacturing process is also considered environmentally conscious and sustainable as it uses fewer resources to develop twice the amount of ingredients. These attributes, alongside the presence of non-toxic, reliable, and organic synthetic fragrances, will fuel the market consumption.
 

Based on the application, the synthetic food market value from the color segment is estimated to cross USD 3 billion by 2032. The extensive product usage in the beverage industry due to affordability and the ability to part attractive and bright colors is among the key growth drivers. Synthetic food coloring also plays a major role in marketing and branding, thereby gaining acceptance in soft drinks, energy drinks, and other beverages. Despite the favorable business landscape, the shifting preference toward organic and natural ingredients may limit product usage to some extent.
 

The Asia Pacific synthetic food market share will register more than 7.5% CAGR during the forecast period, due to the shifting interest toward meat alternatives. China, for example, has reinforced the importance of food security, encouraging agriculture officials to source protein from sources other than traditional livestock. There is also a strong focus on R&D to mitigate the impact of traditional animal agriculture. Factors such as these will augment the development of synthetic foods using cellular agriculture techniques to produce dairy, meat substitutes, and other products across the region.
 

Synthetic Food Market Share

Some of the leading companies involved in the synthetic food market include:

• Symrise AG
• Royal DSM N.V.
• Naturex S.A.
• Sensient Technologies
• Falcon Essential Oils
• Fiorio Colori
• Flavorchem Corporation
• FMC Corporation
• D.D. Williamson & Co. In
•  Döhler Group
• Chr. Hansen A/S
• Biolandes SAS
• BASF SE
• Allied Biotech Corp
•  Archer Daniels Midland Company
• Aarkay Food Products.

These companies are focusing on collaborations, product launches, acquisitions, and other strategies to expand their customer base and reinforce their presence in the industry.
 

Impact of COVID-19 Pandemic

Over the years, the rate of inflation in the food category reached an unprecedented high worldwide. The prices of several foods also rose as aftershocks of the Russia-Ukraine war continue to assert negative impacts on industry verticals. These macro issues have impacted the supply chain of essential foods, creating some roadblocks to synthetic food manufacturing and hindering industry expansion to some extent over the foreseeable future.
 

This synthetic food market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:

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Market, By Products

• Colors
• Antioxidants
• Flavour & Fragrances
• Hydrocolloids
• Emulsifiers
• Fat Replacers
• Enzymes

Market, By Application

• Colors
  • Beverages
  • Dairy & Frozen products
  • Bakery
  • Meat, poultry & seafood
  • Confectionery
  • Oils & fats
  • Others

• Antioxidants
  • Fats & Oils 
  • Prepared Foods 
  • Prepared Meat & Poultry 
  • Beverages 
  • Bakery & Confectionery 
  • Seafood 
  • Other Food Products
• Flavour & Fragrances
  • Beverages
  • Dairy and Frozen Products
  • Bakery and Confectionery
  • Savory and Snacks
  • Animal and Pet Food
  • Others
• Hydrocolloids
  • Beverages
  • Dairy & Frozen products
  • Bakery
  • Meat, poultry & seafood
  • Confectionery
  • Oils & fats
  • Others
• Emulsifiers
  • Bakery Products 
  • Confectionery 
  • Convenience Foods 
  • Dairy Products 
  • Meat Products 
  • Other Applications
• Fat Replacers
  • Bakery & Confectionery Products
  • Dairy & Frozen Desserts
  • Convenience Foods & Beverages
  • Sauces, Dressings, and Spreads
  • Others
• Enzymes
  • Beverages
  • Processed Food
  • Diary
  • Bakery
  • Confectionary
  • Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Netherlands
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Malaysia
  • Thailand
• Latin America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa