Food Additives Market Competitors Growth Prospects And Industry Growth Rate by 2028

Food Additives Industry Overview

The global food additives market size was valued at USD 98.22 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2028.

The requirement of improving taste, texture, mouthfeel, and overall appearance of food and beverages is expected to propel the demand for food additives. The growing food and beverages industry globally is the key factor driving the market. The consumption of packaged food products and beverages across the world is rising due to the changing dietary patterns of the population. This is expected to contribute to the surging demand for additives used during food processing to improve its quality and nutritional content.

The preference for a plant-based diet and the growing interest of consumers to pay more for clean-label products in the U.S. have surged the consumption of food and drinks infused with natural ingredients. In May 2021, Ventura Foods, LLC, a U.S.-based company, launched new plant-based and dairy-free salad dressings under Marie’s brand. The product is expected to attract vegan consumers in the U.S.

Gather more insights about the market drivers, restrains and growth of the Global Food Additives Market

Food and beverage companies are focusing on reducing the sugar, fat, and overall calorie content in their products. Regulatory approvals for such low-calorie sweeteners and fat replacers are expected to offer an opportunity to produce low-sugar and low-fat food and beverage products.

In May 2021, the Malaysia Ministry of Health officially accepted SweeGen’s zero-calorie Bestevia sweeteners, Rebaudioside D, E, and M, for use as ingredients in food and beverage products. Similarly, in June 2020, plant-based oil of Epogee, namely, Esterified Propoxy late Glycerol (EPG) fat replacer, received generally regarded as safe (GRAS) approval from the U.S. Food and Drug Administration (FDA) for use in various food applications. The prevailing trend of having low-calorie and low-sugar food and drinks among consumers is thus supporting the market growth.

Manufacturers are adopting new technologies to improve their production processes and offer high-quality ingredients. For instance, in June 2021, Firmenich SA launched Firgood Ingredients that are pure and made from 100% natural extracts. Extracts are obtained using the company’s patented water-based extraction technology without the use of toxic chemicals.

Browse through Grand View Research's Category Food Additives & Nutricosmetics Research Reports.

• Citrus Solvents Market: The global citrus solvents market size was valued at USD 1.44 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2028. The market is majorly driven by the increasing demand for natural products. Also, the growing demand for skin and hair care segment is propelling the industry growth during the forecast period.

• Flavors And Fragrances Market: The global flavors and fragrances market size was valued at USD 23.35 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The demand for the product is anticipated to be driven by the rising demand and consumption of processed food and personal care and cosmetics products globally.

Food Additives Market Segmentation

Grand View Research has segmented the global food additives market on the basis of product, source, application, and region:

Food Additives Product Outlook (Revenue, USD Million, 2017 - 2028)

• Flavors & Enhancers

• Sweeteners

• Enzymes

• Emulsifiers

• Shelf-life stabilizers

• Fat Replacers

• Prebiotics

• Probiotics

• Dietary Fibers

• Others

Food Additives Source Outlook (Revenue, USD Million, 2017 - 2028)

• Natural

• Synthetic

Food Additives Application Outlook (Revenue, USD Million, 2017 - 2028)

• Bakery & confectionery

• Beverages

• Convenience foods

• Dairy & frozen desserts

• Spices, condiments, sauces & dressings

• Others

Crisscross Analysis, Product by Source Outlook (Revenue, USD Million, 2017 - 2028)

• Flavors & Enhancers

• Sweeteners

• Enzymes

• Emulsifiers

• Shelf-life stabilizers

• Fat Replacers

• Prebiotics

• Probiotics

• Dietary Fibers

Crisscross Analysis, Product by Application Outlook (Revenue, USD Million, 2017 - 2028)

• Flavors & Enhancers

• Sweeteners

• Enzymes

• Emulsifiers

• Shelf-life stabilizers

• Fat Replacers

• Prebiotics

• Probiotics

• Dietary Fibers

Food Additives Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America

• Europe

• Asia Pacific

• Central & South America (CSA)

• Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the Global Food Additives Market include

• ADM

• Chr. Hansen Holding A/S

• Ingredion Incorporated

• Novozymes A/S

• Tate & Lyle Plc

• DSM

• Ajinomoto Co., Inc.

• Cargill, Incorporated

• BASF SE

• Givaudan

• International Flavors & Fragrances, Inc.

• Biospringer

• Palsgaard

• Lonza

• Sensient Technologies Corporation

• Kerry

• Corbion

• Fooding Group Limited

• DuPont

• The Kraft Heinz Company

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タグ：Food Additives Market

Fish Oil Market Outlook, Competitive Strategies Analysis and Forecast till 2022

July 22, 2021: The global fish oil market size is expected to value at USD 4.08 billion by 2022. The market is subject to witness a substantial growth due to the growing aquaculture activities across the globe. Increasing health consciousness among general population and growing awareness associated with health advantages of omega 3 fatty acid are considered as one of the prominent factors fostering the growth of fish oil industry over the forecast period.

Additionally, increasing need for hydrogenated vegetable oils and margarine coupled with varying food patterns among young population are expected to boost market demand for the market in the upcoming years. Globally, the fish oil market is predicted to grow at CAGR of 8.72% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Furthermore, increasing demand form protective coatings and lubricants market is anticipated to drive market growth over the forecast period. Numerous health benefits associated with consumption of fish oil due to presence of omega-3 fatty acids is expected to drive market expansion in the upcoming years.

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Additionally, presence of icosapentaenoic acid and docosahexaenoic acid i.e. (DHA & EPA) that aids in limiting high blood pressure, cholesterol level, and reduces risk of coronary heart diseases such as strokes, thereby driving the growth of fish oil industry, in the recent years. Growing occurrence of heart related disorders based on changing food patterns and unhealthy diet among general population are anticipated boost demand of fish oil over the forecast period as well. Growing demand for fish oil for production of various cosmetic products and skin care products such as emollients and ointments is predicted to propel market growth in the near future.

Rise of the aquaculture sector coupled with technological advancement in farming sector, particularly in the developing economies such as China and India are expected to drive market expansion in the upcoming years. Additionally, factors such as favorable atmospheric conditions and abundant availability of farming land in the Asia Pacific region are driving market growth further. Growing demand for omega-3 supplements from functional food industry due to its numerous health benefits is estimated to fuel market demand for fish oil during the forecast period.

However, high cost of the fish oil and lack of availability in the market prices, thereby creating a huge demand &supply gap are anticipated to limit market growth over the coming years to a certain extent. Although, rising research & development activities along with technological advancement in aquaculture farming is projected to stimulate market growth during next seven years.

Aquaculture is considered as one of the fastest growing segment in the fish oil market with substantial revenue generation in the last couple of years. Growing popularity of the aquaculture market segment is attributed to the increasing of breeding and regular stocking to improve overall output production. Salmon & trout market, which is sub-segment of aquaculture, has also witnessed significant growth owing to the robust farming base of salmon fish in European countries such as Norway and Chile.

The fish oil industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest techniques, increasing awareness of nutritional benefits of fish oil, and existence of well-established agriculture infrastructure. Asia-Pacific region is predicted to hold major market share in the fish oil market with massive growth in forecast period.

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Countries such as China, India, Indonesia, Thailand, and Bangladesh are leading the Asia-Pacific market with rising health consciousness among general population, shifting trends awareness towards nutritional diet, growing aquaculture sector, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the fish oil industry are Croda Incorporations, COPEINCA ASA, EPAX AS, Omega Protein Co., GC Rieber Oils AS, Colpex International S.A.C., American Marine Ingredients LLC, Enzymotec Ltd., and Corpesca S.A.

Market Segment:

Global Fish Oil Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • Aquaculture

    • Aquaculture, by product

        • Salmon & trout

        • Marine fish

        • Crustaceans

        • Tilapias

        • Others

    • Direct Human Consumption

    • Others

Global Fish Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • MEA

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タグ：Fish Oil Market Fish Oil Market size Fish Oil Market share Fish Oil Market analysis

North America Cold Chain Market Analysis | Business Outlook, Growth, Share, Trends and Forecast till 2025

July 21, 2021: North America Cold Chain Market is anticipated to reach USD 118.51 billion owing to the developments in packaging methods due to expansion of trade over the years. Cold chain is the system for maintaining and distributing perishable food items, vaccines and other biologicals in good condition. Most perishable foods, and vaccines which are also termed as Cool Cargo are sensitive to freeze & heat and hence, must be kept at the suitable temperature from the time they are manufactured until they are used. Cold chains hold a series of storage and transport links which are designed to keep these items within an acceptable range until it reaches the consumer.

North America cold chain industry is persistent due to the growing demand for goods with supply chains like fresh vegetables, dairy products, fruits and vegetables, etc. and rightly established cold supply chains. Moreover, the speedy growth in international trade of perishable food products, technological advancements in refrigerated transport and storage, infrastructure progress support by government and the rise in enlargement of food retail chains by multinational businesses are the major drivers of the market.

Conversely, requirement of high energy and costly infrastructure are few growing concerns for the cold chain service providers. The high energy consumption cost has increased the operational cost for the market players. The increase in competition among market players and demand for cold storage has pressurized the players to expand their logistics facilities, which is not easy with rising infrastructure prices. Besides, environmental issues like greenhouse gas emissions are restraining the growth of the market.

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One of the major trends emerging in North America cold chain market is the focus on energy-conservation practices. The market players in the segment are adopting several tools & strategies to be more energy conservative. The latest trend prevailing in the market is the use of CO2 cascade system. Here, two refrigerants are used in one refrigeration system where one refrigerant cools the other refrigerant. Studies have revealed that macro developments in North America like rise in population, increased food wastage, and rise in organized retail sector are stimulating the demand for cold chains for food preservation, thereby impacting the market in the near future.

North America cold chain industry is categorized on the basis of ingredient type, temperature type, application, and geography. By the ingredients type, the market is divided into colorants, enzymes, salts yeasts, and flavors and others. Further, yeast can be segmented as top-fermenting and bottom-fermenting.

On the basis of temperature type, North America cold chain market is classified into frozen and chilled segment. Frozen segment is expected to rise significantly in the forecast period owing to the increasing demand for the frozen items rather than the chilled items.

In terms of application, North America cold chain industry is segmented as dairy & frozen desserts, bakery & confectionery products, fruits & vegetables, fish, meat, and seafood products, and others. Dairy & frozen desserts segment is predicted to hold larger share of the market due to economic growth and rapid urbanization. Geographically, North America cold chain market is segmented as United States and Canada. Globally, North America ranks second in terms of using the cold chain systems.

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The prominent players in North America cold chain industry comprise Americold Logistics, LLC, AGRO Merchants Group, Henningsen Cold Storage Company, United States Cold Storage, Inc., Cloverleaf Cold Storage, Wabash National Corporation, Nordic Logistics and Warehousing, Burris Logistics Inc., LLC, Preferred Freezer Services, and Lineage Logistics Holdings LLC.

Market Segment:

Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • Storage

        • Warehouse

        • Refrigerated container

    • Transportation

        • Road

        • Sea

        • Rail

        • Air

    • Monitoring Components

Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Fruits and Vegetables

    • Dairy

    • Fish, Meat, and Seafood

    • Processed Food

    • Pharmaceuticals

Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: [e-mail]

タグ：North America Cold Chain Market North America Cold Chain Market size North America Cold Chain Market share North America Cold Chain Market analysis