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  

Food Additives Market Size was valued at USD 37.84 billion in 2023. It is expected to reach USD 56.45 billion by 2030 growing at a CAGR of 6.1% from 2024-2030. Food additives are the substances that are used to preserve the food, enhance the flavour, enhance the taste, appearance, or other properties. Some of the additives have been used for many years such as salt (used in the meat industry for preservation, preserving food by pickling (with vinegar) and many others. With the emergence of processed food importance of the food additives enormously increased. Different food additives used are food preservatives, antioxidants, thickening agents, colouring agents, stabilizers and flavouring agents. The food additives market is very dynamic and changes with the customer's tastes and preferences. Market players are focusing on the development of new and innovative food additives to increase their markets.

In addition, marketers also collaborate in the manufacturing and marketing of the products to reach the maximum number of customers. Food additives are used to preserve food from hazardous bacteria and microbes while also extending the shelf life of the product. The market for food additives is predicted to develop due to the rising number of new and innovative products on the market from manufacturers. For instance, In June 2016, Archer Daniels Midland Co. and GLG Life Tech Co. entered into a partnership to manufacture, market, sell and distribute low-calorie stevia and monk fruit sweeteners. According to this agreement, CLG will produce, low-calorie sweeteners from Stevia and monk fruit and ADM will be the global marketer and distributor of ingredients to food and beverage companies worldwide. Furthermore, companies in the food additives market are adopting strategies such as new product launches, mergers and acquisitions to strengthen their market position.