The size of the Europe Food Additives Market is expected to be worth USD 12.67 billion in 2024 and grow at a CAGR of 5.79% from 2024 to 2032 to achieve USD 19.88 billion by 2032.
Food additives are substances that are added to food to improve the taste and preserve the taste, appearance or other properties such as aroma, texture, shelf life, etc. The two main food additives currently on the market are direct and indirect food additives. Direct additives change certain properties of food, such as taste. On the other hand, indirect additives are used for food packaging, storage and handling. This means that additives are added to the final product to improve protection against harmful bacteria. Increasing consumption of foods and beverages with higher nutritional content and better visual appeal is expected to increase market demand during the forecast period.
Increased consumption of packaged foods, expansion of the food and beverage industry, and growing demand for health foods are key factors that will drive the growth of the Europe food additives market during the envisioned period. The increasing consumption of visually appealing nutritious foods and beverages is expected to increase the demand for food additives in the coming years. The increasing demand for packaged products such as snacks, frozen foods, ready-to-eat meals, etc., is expected to encourage manufacturers to increase production capacity. Consumers' awareness of different types of tastes is also expected to play an important role in promoting growth. The Europe food additives industry is expected to witness growth driven by changes in consumer tastes and interests in product quality and nutritional value. Other factors that are expected to have a positive impact on the growth of the Europe food additives market are changing consumers' interest in the nutritional value, quality and taste of products. Growing health concerns and awareness of the benefits of a variety of organic foods are expected to drive the demand for naturally derived food additives in the European market. Growing consumer demand for high-value exotic-flavored and nutritious products will influence manufacturers to use ingredients that enhance the consumer experience. The Europe market for food additives is expected to dominate its fragmented nature as there are many organizations joining the food business and a variety of accessible items. Since there is no real option for food additives, the development of the food and beverage industry can have a decisive influence on the growth of the Europe market. Interest in generic food additives is expected to increase significantly as shoppers become more wellness conscious and recognize the harmful effects of manufactured food tones. For example, the wellness problem is that obesity among young people and even adults will help the market demand useful food additives.
The Europe food additives market is expected to maintain an immediate relationship with the food and beverage sector as a prominent end user for years to come. It is added in small amounts to various products to enhance and maintain freshness while enhancing aroma, flavor, aroma, texture, and appearance. Changes in lifestyle and the trend of consumers to adopt convenient, processed and packaged products can stimulate the size of the market. The increase in the female workforce and changes in consumer lifestyles are driving high consumption of processed products, stimulating market demand for food additives. As demand for packaged products increases, including ready-to-eat meals, snacks, and frozen meals, manufacturers are expected to increase their production capacity to increase demand. The adoption of natural food additive products such as natural colors, organic preservatives and flavorings, rosemary extract and stevia-based sweeteners is constantly increasing as the trend of the Europe food additive market increases. The preference of natural over chemical additives has created an opportunity for new manufacturers to produce natural food additives in the European market. Increased innovative developments related to food additives and continuous R&D efforts are expected to open growth opportunities for key players operating in the Europe industry over the next decade.
Factors holding back market growth are problems caused by a strict regulatory environment and additives such as allergies. The strict regulatory policies and other health-related problems, such as allergies that can arise from the use of additives can slow this market boom. The health risks associated with the consumption of synthetic additives, increased consumer demand for "additive-free" foods or products containing natural additives, the limited availability and high cost of natural additives, and increased consumer migration to organic foods have been the market restrictions.
The Covid-19 pandemic is influencing almost all end-user sectors in the world but the impact differs. Some industries are seeing declines in demand, while others will continue to show promising growth opportunities unaffected. The call for natural food ingredients and components are likely to witness a surge in demand in the coming days.
Growing consumer demand for low-salt and sugar-free products is expected to drive growth due to the health benefits. In 2019, the flavors segment held the largest market share in the Europe food additives market. This is because flavor segments have different flavor requirements from region to region. The consumption of sweeteners in food has become important worldwide due to its ability to replace sugar, affecting the health of consumers.
Currently, the beverage sector has the largest market share. On the other hand, the seasonings, spices and condiments sectors are expected to grow at the fastest CAGR during the forecast period.
The demand for artificial food additives is expected to increase rapidly during the forecast period.
The European market is expected to account for the majority of revenue over the next 10 years. This may be due to the greater importance of various functional ingredients to incorporate properties such as flavor, emulsification, and long shelf life. Due to the large population base with a potential consumer market, the UK remains a lucrative market for food additives in the region. Major companies are developing business expansion strategies to increase market penetration and are investing to complement production facilities in the country. In addition, the country is experiencing significant progress in terms of launching new products and innovations.
Major Key Players in the Europe Food Additives Market are Tate & Lyle PLC, Ajinomoto Co Inc, International Flavors and Fragrances, Kerry Group Plc, CHR Hansen Holding A/S, and BASF SE
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