Food and Beverages Additives Market Projected to Exceed US$ 102.68 Billion by 2032

The food and beverage additives market is estimated to reach US$ 102.68 billion by 2032, at a fantastic CAGR of 5.8%.

As people seek new, healthier, and more practical options, the food and beverage additives industry is rapidly developing. Companies are expanding R&D investment to meet customer demand for clean-label products, natural ingredients, and sustainable solutions. This dynamic market offers industry participants numerous opportunities to fulfil evolving client wants and encourage future growth.

The food and beverage additives market is divided into sweeteners, flavours and flavour enhancers, preservatives, enzymes, fat replacers, colourants, emulsifiers, and others (texturizers and shelf life stabilisers). Among these divisions, the tastes and flavour enhancers category is predicted to account for the lion’s share of the market. This development was prompted by rising customer demand for more delicious and tasty processed meals.

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Sweeteners are another sector that is expected to grow significantly as a replacement for sugar. As a result, it is predicted that over the projection period, there will be an increase in demand for sweeteners due to the growth in global demand for low-calorie products brought on by an increase in diabetes disorders. The market for fat substitutes is also predicted to contribute significantly in terms of revenue. The increased prevalence of obesity and heart disease is expected to raise demand for low-fat foods, which will lead to this expansion. The market for food emulsifiers is expected to grow the second fastest in the next years, after that of food enzymes.

The food and beverages additives market is segmented based on application, which comprises items for food and beverages. The food goods section is further divided into the following sub segments: dairy products, meat and poultry products, processed and frozen food, bakery and confectionery products, snack food products, and others (baby food items). Food products that have been processed or frozen are anticipated to hold a significant market share in each of these segments. Growing disposable income, particularly in developing countries, has increased customer preference for packaged or convenient food items, which is also anticipated to boost industry expansion.

Beverages is further sub segmented as soft drinks and fruit juices, energy/sport drinks, alcoholic beverages and bottled water. Among all these sub segments soft drinks and fruit juices is expected to account for the major market share followed by energy/sport drinks. Increasing awareness among the people for healthy diet has raised the demand for packaged soft drinks and fruit juices which is further expected to contribute to the market. Also, the demand of energy/sport drinks is rising which is expected to support a substantial growth to the food and beverages additives market.

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Food and Beverages Additives Market Drivers 

Rising demand for convenience and packaged foods coupled with increasing health consciousness among the people in developed economies is expected to support the growth of food and beverages additives market during the forecast period. In emerging economies, rising disposable income and shifting of consumer preference towards enhanced food products with flavors and taste is expected to fuel the growth of food and beverages additives market during the forecast period.

Food and Beverages Additives Market: Key Players

Some of the major players operating in food and beverages additives market includes Symrise AG, Sensient Technologies Corporation, Royal DSM NV, Tate & Lyle plc, Kerry Group plc, Givaudan SA and Firmenich SA among others.

Regional analysis for Food and Beverages Additives Market includes

  • North America
  • US & Canada
  • Latin America
  • Brazil, Mexico, Others
  • Western Europe
  • EU5
  • Nordics
  • Benelux
  • Eastern Europe
  • Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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