Market Overview
The global supplement market is estimated to be worth $150 billion in 2020 and is expected to grow from 2021 to 2028 with a CAGR of 4.6%, reaching $212.7 billion by 2028.
According to the report, the packaged food and beverage industry has launched 3,500 new food products worldwide in the last 12 months.
Market Drivers
The growth of the global additives market is driven by the growing adoption of deep data in the automotive industry and growth in the food and container industries. In addition, awareness of healthy food preferences has increased the demand for packaged foods and beverages.
These food and beverage containers are loved by people for their freshness, hygiene, taste and other features.
Increased Consumer Interest in Sanitary Equipment will have a positive impact on the economy. Increasing disposable incomes and the rapid spread of clean food in both developed and developing economies, especially in Europe, increase the demand for fresh food. In addition, the latest technology and innovations in plant food ingredients will contribute to the market outlook. The increasing number of clean-label food products presents a great opportunity for innovation. For example, in March 2023, InnovoPro, the world leader in chickpea protein, launched Cacio e Pepe plant-based cheese chips made with clean CP-Pro 70 chickpea protein concentrate.
Market Restraints
Many policies imposed by regulators regarding the planned use of supplements are expected to hinder market growth during the forecast period.
Market Opportunities
On the contrary, intensive research and development in the field of medicine uses solvent additives, surface active additives, stabilizing additives, etc. to make the drug more effective. It makes the drug more effective by using many additives such as the world market.
Market Trends
According to our research experts, this section includes the main market trends shaping the food market:
Increasing Preference for Clean Labels as Food Additives and Natural Ingredients
Clean labels have become a highly rated demand for food from customers. The food industry around the world has responded by doing this more often when cooking. Food manufacturers have also developed hygiene product labels that can be used in the production of hygiene products. These hygienic products have applications in food, including egg substitutes in skim and vegan sauces, white sauces, ready meals and other applications. For this reason, food and beverage retailers are also adapting their products to meet consumers’ demand for natural ingredients.
In addition, the widespread advocacy of various international organizations has encouraged the consumption of natural and clean products. For example, one of the most popular organizations to promote the industry is the Natural Foods Association. As in Europe, the organization promotes natural colorants. He also works with industry leaders such as ADM Wild, DDW Colour House, CHR Hansen, FMC and GNT.
Market Size and Segmentation
Distribution of the Global Food Additives Market by Product Type, Application and Geography. Depending on the products, the market is segmented into preservatives, bulk sweeteners, sugar substitutes, emulsifiers, anti-caking agents, enzymes, hydrocolloids, sweeteners and potentiators, food colorants and acid stabilizers. By application, the market is segmented into baked goods and confectionery, dairy and desserts, beverages, meat and meat products, soup, fish, condiments, and other applications. In addition, the market is geographically segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
- By Product
- Flavours & Enhancers
- Sweeteners
- Sucrose
- HFCS
- HIS
- Others
- Emulsifiers
- Enzymes
- Sorbitan Esters
- Stearoyl Lactylates
- Lecithin
- Mono, Di-Glycerides & Derivatives
- Others
- Shelf-life stabilizers
- Fat Replacers
- Starch
- Fat
- Protein
- Probiotics
- Dietary Fibres
- Prebiotics
- Others
- By Source
- Synthetic
- Natural
- By Application
- Dairy & Frozen Desserts
- Convenience Foods
- Bakery &Confectionery
- Spices, Condiments, Sauces & Dressings
- Beverages
- Others
- Crisscross Analysis, by Source
- Flavours & Enhancers
- Synthetic
- Natural
- Sweeteners
- Synthetic
- Natural
- Enzymes
- Synthetic
- Natural
- Emulsifiers
- Synthetic
- Natural
- Shelf-life stabilizers
- Synthetic
- Natural
- Fat Replacers
- Synthetic
- Natural
- Prebiotics
- Synthetic
- Natural
- Probiotics
- Synthetic
- Natural
- Dietary Fibbers
- Synthetic
- Natural
- Crisscross Analysis, by Application
- Flavours & Enhancers
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- Sweeteners
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- Enzymes
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- Emulsifiers
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- Shelf-Life Stabilizers
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- Fat Replacers
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- Prebiotics
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- Probiotics
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- Dietary Fibres
- Beverages
- Bakery & Confectionery
- Spices, Condiments, Sauces & Dressings
- Dairy & Frozen Desserts
- Convenience Foods
- Others
- By Region
- North America
- U.S.
- Mexico
- Canada
- Europe
- France
- U.K.
- Italy
- Germany
- Spain
- Asia Pacific
- Australia & New Zealand
- China
- Japan
- Central & South America (CSA)
- Argentina
- Brazil
- Middle East & Africa (MEA)
- UAE
Competitive Analysis
The market is organized by many well-known people all over the world. Famous companies focus on providing nutritious and better food using the latest technologies. These players offer natural and synthetic products to boost their reputation. Elite has invested heavily in research and development to provide unique products to customers.
Well-known suppliers have opened new factories in response to global demand. These players are driving the wave of business expansion with innovative product ideas and strategies. The business strategies used by these players are partnerships, deals, partnerships, acquisitions and mergers.
Businesses adopt strategies such as mergers and acquisitions and expansion opportunities to drive business growth. For example, in December 2020, Tate & Lyle acquired Sweet Green Fields, a stevia solutions business with manufacturing and R&D facilities in China.
The move will strengthen the company’s position in the clean label market in China and the Asia-Pacific region.
In June 2021, Kerry opened a new location in Irapuato, Mexico. This should strengthen the company’s position in the Mexican market and support local customers with fragrances and better solutions.
Key Competitors
Investors include Cargill; Materials; Managers; DuPont; and Tate & Lyle PLC conduct continuous R&D to create different products and gain competitive advantage.
- ADM
- The Kraft Heinz Company
- Chr. Hansen Holding A/S
- DuPont
- Ingredion Incorporated
- Fooding Group Limited
- Novozymes A/S
- Kerry
- Tate & Lyle Plc
- Corbion
- DSM
- Sensient Technologies Corporation
- Ajinomoto Co., Inc.
- Lonza
- Cargill, Incorporated
- Palsgaard
- BASF SE
- Biospringer
- International Flavors & Fragrances, Inc.
- Givaudan