Food additives and ingredients used in food products that enhances the texture of food. They can be classified into emulsifiers, acidity regulators, and enzymes, colorants, flavoring agents, hydrocolloids and preservatives. Foods additives are widely used in the food products to add sweetness, flavor, and nutrients and prevent the food from spoiling by keeping the products fresh.
As of 2021, the global Food Additives Market was valued at US$ 61,453.4 Million in terms of revenue, exhibiting a CAGR of 5.7% during the years (2022-2030)
Leading Companies in the Food Additives Industry:
1) DuPont de Nemours, Inc.
DuPont is a multinational chemical company that has, over the years developed many polymers like Vespel, Nylon, Teflon, Mylar, Kevlar etc. DuPont played a major role in the development of Delaware. The company was founded in the year 2017, and the headquarters are located in Wilmington, Delaware, USA. The company was founded by Eleuthere Irenee du Pont.
In November 202, DuPont completed the acquisition of Rogers Corporation, a global company in engineered materials.
2) BASF SE
BASF SE is a multinational company and is currently also the largest producer of chemicals in the world. The company was founded in the year 1865 on the 6th of April. The headquarters are located in Ludwigshafen, Germany. BASF sells its products in more than 190 countries.
Products manufactured by BASF SE include Chemicals, crude oil, plastics, natural gas and performance chemicals. It was founded by Friedrich Engel horn. The company is listed on Zurich Stock Exchange, Frankfurt Stock Exchange, and London Stock Exchange.
3) Kerry Group Plc.
Kerry Group Plc. Is a food company located in Listowel, Kerry Ireland The Company is widely known for its brands like Cheestrings, Dairygold, Fire & Smoke. It was founded in the year 1972. The headquarters are located in Tralee, Kerry, Ireland. Kerry Group Plc. The current owner of the company is Edmond Scanlon. Kerry employs globally over 25,000 people in its technical and sales centers.
4) Cargill Incorporated
Cargill incorporated, is a privately held American global food corporation. Some of the products manufactured include Agricultural services, crop and livestock, food, health and pharmaceutical etc. The company was founded in the year 1865, and the headquarters are located in Minnetonka, Minnesota, U.S. the company was founded by William Wallace Cargill.
In Jun 2022, Cargill completed the acquisition of Delacon, a company that develops plant-based phytogenic additives. In November 2022, the company acquired Owensboro Grain, a fifth-generation family owned soybean processing facility and refinery.
5) Ingredion Incorporated
Ingredion Incorporated is an American multinational ingredient provider which produces mainly starches non- GMO sweeteners, stevia and pea protein. In the year 2021, Ingredion was ranked second in the Modified Starch category of the Global Food Thickener Companies. The company was founded in the year 1906, and the headquarters are located in Westchester, Illinois, United States.
In 2022, Ingredion completed the acquisition of a stake in InnovoPro, an Israeli developer of protein concentrate extracted from chickpeas.
6) Tate & Lyle PLC
Tate & Lyle PLC is a global company that supplies food and beverage ingredients to industrial markers. The company was originally a sugar refining business. It is listed on the London Stock Exchange. The company was founded as a result of a merger of Henry Tate & Sons and Abram Lyle & Sons, and the headquarters are located in London, England, UK. The company was established in the year 1921.
In May 2022, Tate & Lyle completed the acquisition of Nutriati, an ingredient technology company developing and producing chickpea protein and flour.
