The food additives market is estimated to be valued at USD 120.75 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The global food additives market has witnessed substantial growth over the past few decades. Food additives refer to any synthetic or natural substance that is added intentionally to food to preserve flavor or enhance its taste and appearance. They play a vital role in maintaining or improving the quality of food products. The increasing demand for convenience and packaged foods has propelled the need for food additives to increase shelf life and preserve nutrients. Moreover, rising health-consciousness among consumers has boosted the demand for clean-label and natural food ingredients. Various technologies enabling minimal processing along with additives help retain natural qualities of fresh foods. The growing food processing industry, coupled with rapid urbanization globally, has augmented the market demand for food additives over the years.
Market Dynamics:
The global food additives market is driven by various factors such as growing demand for convenience and packaged foods, rising health-consciousness among consumers, increasing food processing industry, and rapid urbanization. However, stringent food safety regulations imposed on food additives and the availability of substitutes hamper the market growth. Moreover, the COVID-19 pandemic disrupted the supply chain and manufacturing of food additives in 2020. The market players experienced initial slowdown. Nevertheless, growing demand for immunity-boosting and nutritious foods opened lucrative opportunities. Market players are investing in R&D to develop clean-label, natural, and organic food additives.
Key Features of the Study:
Detailed Segmentation-
Table of Contents
* Browse 25 market data tables* and 20 figures* on “Global Food Additives Market” - Global forecast to 2031.
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