Organic Food Additives Market Overview with Demographic Data and Latest Trends, Forecast 2030
Global Organic Food Additives Market Overview:
The vitamins & minerals, antioxidants, acidulants, food
coloring agents, emulsifiers, sweeteners, thickeners, and stabilizers are
generally termed as food additives. The food additives help to preserve quality
and enhance the taste of processed food. However, synthetic food additives may
have few effects on the skin as well as the overall health of people. Thus, the
demand for organic or plant or animal-based additives is growing. In order to
cater to this demand, the key players are trying to offer products based on
organic food additives. This trend is fueling growth of the global organic food
additives market. Thanks to this factor, the Organic
Food Additives Market Size is projected to grow at a
significant rate of 5.9% from 2022 to 2030 to reach a market value of USD
101.22 Billion by the end of 2030.
The increase in the pool of health-conscious people, who
prefer organic foods and beverages over traditional additives in baked and
processed foods is catalyzing growth of the global organic food additives
market. The huge demand for baked products, frozen foods, and confectionery
items globally are fueling market growth. Further, the increasing consumer
inclination is increasingly for read-to-cook and ready-to-eat foods for saving
time in their busy schedules. The trend of gifting confectionaries is augmenting
its demand and is likely to boost growth of the global organic food additives
market.
Further, several food additives are certified and accepted
by the government, and other governmental bodies are fueling growth of the
market. These bodies identify safer additives to be used in the food and
beverages before certifying it. This factor is driving growth of the global
organic food additives market. Moreover, an increase in per capita income,
especially in emerging countries, is augmenting demand for baked and processed
food, which is further providing traction for the growth of the global organic
food additives market.
Competitive Analysis:
Some of the key players in the global organic food additives
market include E.I. du Pont de Nemours and Company, Cargill Inc., Archer
Daniels Midland Company, Chr. Hansen Holding A/S, BASF SE, Kerry Group Plc,
Novozymes A/S, Danisco A/S, Tate & Lyle, Givaudan, Firmenich SA, Brenntag
AG, Associated British Foods plc, Foodchem International Corporation, and
International Flavors & Fragrances Inc.
Segmentation:
The
Organic Food Additives Market Overview is segmented based
on form, type, application, and region.
By form, the organic food additives market is categorized
into dry and liquid.
By application, the organic food additives market is
segmented into bakery & confectionery, dairy & frozen dessert,
beverages, sweet & savory snacks, sauces & dressings, soups, and
others.
By type, the organic food additives market is segmented into
acidulants, colorants, vitamins & minerals, hydrocolloids, flavors &
sweeteners, enzymes, and others.
Regional Analysis:
Based on the region, the organic food additives market is
segmented into Europe, North America, Asia-Pacific and the Rest of the World.
Of these, North America is estimated to dominate the global organic food
additives market owing to increasing consumer awareness about the benefits of
consuming organic and natural food additives. Additionally, the widening use of
organic food additives in bakery and confectionaries is driving growth of the
market in the region.
However, Asia Pacific is estimated to expand by exhibiting
healthy CAGR in the coming years owing to growing inclination toward the use of
organic additives to food and beverages and especially in the bakery products.
This trend in the region is estimated to be a key factor fueling growth of the
global organic food additives market in the coming future. Further, increasing
disposable income in the region is boosting demand for processed food; however,
the rising awareness about the consumption of natural additives is augmenting
the use of organic food additives and in turn, market growth.
Industry News:
August 2019, Impossible Foods announced its partnership with
Burger King to offer plant-based Whoppers. The company cleared a big regulatory
hurdle from the U.S. Food and Drugs Administration (FDA) by getting soy
leghemoglobin approved as an additive. These newer approvals by the FDA are
estimated to widen their application and benefit the growth of the market in
the estimated timeframe.
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