Food Additives Market Overview, Business Opportunities, Trends, and Forecast
The food additives market is a vital component of the global food industry, playing a crucial role in enhancing the taste, appearance, texture, and shelf life of various food products. Food additives are substances added to food products during processing or manufacturing to fulfill specific technological needs. They serve a variety of functions, including preserving freshness, improving flavor and...
Food Additives Market Size, Share, Trends, and Forecast
The global food additives market is estimated to be valued at USD 73.4 billion in 2023 and is projected to reach USD 96.3 billion by 2028, recording a CAGR of 5.6%. This growth is primarily attributed to the increasing demand for processed and convenience foods. As consumers seek longer shelf life, enhanced taste, and appealing visual attributes, the food industry relies on additives. Their...
Business Opportunities in Food Additives Market
The global food additives market was valued at USD 52.2 billion in 2020, which is projected to grow at a CAGR of 5.6% from 2015 to 2020.
Food additives find their usage in various end-use applications, such as bakery & confectionery, beverage, convenience foods, dairy & frozen desserts, sauces, dressings, and spices & condiments, among others. For example, Tate & Lyle (Ireland) launched...