Press release
Unveiling Growth Opportunities in the Global Food and Beverage Additives Market to Hit USd 104.79 Billion by 2034
Food and Beverage Additives Market
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The consumption of food additives in the beverage sector is anticipated to remain elevated through 2034 due to the emergent use of artificial and natural sweeteners in various industries.
Food additives are essential for improving the freshness, flavor, texture, and shelf life of food products. The growth of the food and beverage sector is driving the food and beverage additive market, influenced by shifting population eating trends towards packaged food and beverage consumption.
Manufacturers offer additives from various sources, such as plants, animals, or minerals, to meet consumers' evolving needs. New natural preservatives are being developed to preserve the nutritional quality of food.
Packaged food and beverages and the demand for edible products with health benefits are predicted to support the demand for food and beverage additives and sales in food and beverage products during the forthcoming decade.
Consumers demand sensory ingredients and functional ingredients, with sensory ingredients enhancing taste, smell, flavor, and texture, and functional ingredients adding nutritional qualities. The high disposable incomes of people in the United States have increased the production of food and beverage products, leading to the growing consumption of additives.
"The demand for specialty food ingredients is increasing due to their ability to enhance taste, shelf life, texture, and health benefits. The emulsifiers and enzymes industry are predicted to see a steady increase in demand for fat substitutes and food and beverage additives due to rising obesity and heart disease risks. The demand for flavor enhancers and sweeteners is also increasing due to superior taste, increased consumer awareness of low-calorie products, and potential future growth." says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Key Takeaways from the Food and Beverage Additive Market Report
The F&B additive industry in the United Kingdom is projected to experience a CAGR of 2.2% through 2034.
Germany's food and beverage additive market is estimated to demonstrate a CAGR of 2.7% through 2034.
The food and beverage additive industry in the United States is anticipated to see a CAGR of 3.2% from 2024 to 2034.
China's food and beverage additive sector is projected to showcase a CAGR of 4.3% through 2034.
The food and beverage additive market in India is anticipated to display a CAGR of 5.3% through 2034.
Competitive Landscape of the Food and Beverage Additive Market
The market is anticipated to develop, especially for fat substitutes, as people become more aware of the risks of obesity and heart disease. Emulsifiers and enzymes are also envisioned to see an increase in demand. The competition in this market is diverse and dynamic, with leading food supplement manufacturers innovating to develop new solutions and stay ahead of the game.
They focus on quality, innovation, and meeting customer preferences. Many top food and beverage companies are working to obtain regulatory approval for their products and are using strategies such as acquisitions, partnerships, collaborations, distribution agreements, and mergers to extend their global reach.
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Recent Developments
In October 2023, Royal launched White Queso and Jalapeño Seasoned Basmati Rice, featuring white cheddar cheese, jalapeño, and extra-long grain Basmati Rice, available in over 700 Walmart locations.
In October 2023, Elmhurst 1925 introduced Milked Coconuts and Cashews, a new unsweetened plant milk blend with four ingredients. It contains 3 grams of plant-based protein per serving and is non-GMO, gluten-free, dairy-free, OU Kosher, and vegan.
In October 2023, International Delight, in partnership with Dr. Seuss Enterprises, introduced a new Grinch-themed product called Peppermint Mocha Zero Sugar Creamer, ready-to-drink Iced Coffee, and on-the-go creamer singles, as well as returning last year's Grinch-inspired creamers.
In May 2023, Nixie introduced Black Cherry Lime, a new flavor in its certified USDA organic sparkling waters line. It blends sweet cherries and tart citrus, free from calories, sugar, sodium, and synthetic solvents.
In May 2023, Lifestyle and wellness brand Nutr launched Nutr Blends, a line of all-natural, organic flavored powders that are now available in matcha, chocolate, strawberry, turmeric-ginger, and vanilla-cinnamon flavors, containing superfoods, adaptogens, vitamins, and minerals.
Key Companies
DuPont
Archer Daniels Midland
Cargill Incorporated
CHR
Hansen
BASF
Symrise
Sensient Technologies
Royal DSM
Tate and Lyle
Kerry
Givaudan
Firmenich
Key Segments
By Type:
Flavors and Flavor Enhancers
Sweeteners
Enzymes
Colorants
Emulsifiers
Food Preservative
Fat Replacers
By Source:
Natural
Artificial
By Application:
Bakery and confectionery
Beverage
Convenience foods
Dairy and frozen desserts
Spices
Condiments
Sauces and dressings
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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