The Natural food additive market has been growing at a significant rate due to various driving factors. Consumers are inclining towards food products that add value, provide necessary nutrition, flavor, taste, and texture
People are expected to consume extra ready-to-cook foods, meal replacement foods, and ready-to-eat food goods & beverages, which will increase the usage of natural food additives and their application.
The global Food Additives Market is predicted to develop at a CAGR of 6.6 percent from 2022 to 2032, from USD 1800 million in 2021 to USD 3410 million in 2032. In the year 2021, the global sales for food additives are expected to reach 4,350 thousand metric tonnes. The huge demand for food additives is predicted to be fuelled by increased processed food consumption.
According to research conducted by the Food Standards Agency (FSA), around 81.0 percent of research respondents in the U.K. acknowledged consuming processed food products between April 2020 and March 2021. Food additives are usually used to enhance the appearance, flavor, and value of foods.
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Key Takeaways:
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“The food additive market has been growing at a significant rate due to various driving factors. Consumers are inclining towards food products that add value, provide necessary nutrition, flavor, taste, and texture as well as fortification with probiotics and prebiotics or vitamins and minerals that add nutritional value and health benefit for consumers who are opting for a healthy lifestyle as per recent trend,” says a lead analyst at Future Market Insights.
Competitive Landscape:
Food & beverage firms are continually inventing solutions for food products that are loaded with health and wellness-promoting products in order to tempt consumers, which is boosting the market for probiotics, prebiotics, and dietary fibers. In the year 2021, for example, Yakult Honsha Co., Ltd., a renowned Japan-based probiotic goods maker, launched a new range of ice cream with embedded probiotic bacteria.
The global sweetener industry has a significant impact on the consumer market for food additives. Furthermore, as people become more aware of the dangers of artificial sweeteners like saccharin and aspartame, sweeteners that are natural are becoming very popular. The most common natural sweeteners are mogroside V, which is derived from a fruit named monk fruit, and Steviol glycosides. In the world of natural sweeteners, Stevia is projected to be in great demand.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 03, 2023