The global food additives market was valued at USD 37.84 billion in 2021 and projected to reach USD 56.45 billion by 2028 growing at a CAGR of 6.1% during the forecast period 2022 to 2028.Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Food Additives Market: By Source (Natural, Synthetic), By Type Of Additive (Enzymes, Sweeteners, Emulsifiers, Shelf life Stabilizers, Flavors and Enhancers, Others), By Application (Bakery & Confectionary Additives, Dietary & Milk Additives, Beverage Additives, Diary & Milk Additives, Others), and Geography - Global/Region/Country Forecast to 2028”

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Food additives are a variety of edible compounds that are added to food to enhance the color, look, taste, and storage life of the product. Food additives include edible colors, tastes, hydrocolloids, enzymes, and preservatives, which can be manufactured or obtained from natural sources such as animals, plants, and minerals. They're commonly used in baked food products, sweets, soups, sauces, and infant food to prevent microbial development and spoilage while also extending the storage life.

The availability of various types of additives is increasing as a result of the use of many food additives in a number of applications such as bakery and sweet, seafood and meat, which are all desired by different demographic groups. As a result of the majority of the public becoming busy in their work lives and having little leisure time, there has been an increase in the number of people requesting processed and canned goods, as well as ready-to-eat and ready-to-cook variations. As a result, market growth will accelerate over the projection period. The demand for food additives is being driven by growing expansion and disposable incomes, as well as rising mindfulness about leading a healthy régime amongst patrons. Individuals' willingness to spend more on finest products and food products with added nutrients and nutritional benefits in order to stay fit and healthy is being aided by rising disposable incomes, which is contributing to market growth. Government organizations and regulatory authorities have put in place several procedures to encourage market participants to adhere to these norms. To ensure that the quality of the finished product reaching the consumer is not jeopardized, strict standards on food additives are required.

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Impact of COVID-19 on Food Additives Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

The global food additives market is fragmented on the basis of type, source, and application. On the basis of types, the global food additives market is segmented into Hydrocolloids, Flavors, Colors, Acidulants, Preservatives, Sweeteners and Emulsifiers. Flavors segment is expected to gain a major demand in the coming years. On the basis of source, the market is bifurcated into Artificial and Natural Food Additives. Based on application, the global market is divided into Bakery & Confectionery segment. The bakery and confectionery market are dominated by Asia-Pacific.

India and China are the world's largest grain producers. As a result, these countries produce a lot of bakery and confectionery products. Several industry behemoths, such as Cadbury Ltd. and Nestle S.A., are concentrating their efforts in the Asia-Pacific region.

Some of the major key players in the food additives market are Cargill Incorporated (U.S.), BASF SE (Germany), Kerry Group Plc (Ireland), CHR. Hansen Holding A/S (Denmark), Brenntag AG (Germany), Givaudan (Switzerland), Archer Daniels Midland Company (U.S.), International Flavors & Fragrances, Inc. (U.S.), E.I. DuPont (U.S.) and Novozymes (Denmark)

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