Market Size of United States Food Additives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.76 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
US Food Additives Market Analysis
United States Food Additives Market is forecasted to grow at a CAGR of 3.76% during the forecast period (2020-2025).
- The mature markets of North American economies constitute nearly 30% of processed food market. US accounts for more than 65% share in the North American market. With the rising ageing population and health consciousness of consumer, the American consumer id demanding healthier options.
- The market is driven by the extensive use of additives in food & beverage sector for different functioning, such aspreservative, flavor enhancer, emulsifier, sweetener, colorant, and many other functions. Also, the rising demand for convenience and packaged foods where additives are used in a higher quantity is further fueling the market growth.
US Food Additives Industry Segmentation
United States Food Additives Market is segmented by type and application. On the basis of type, the market is segmented into preservatives, sweeteners, hydrocolloids, food colorants, sugar substitutes, emulsifier, anti-caking agents, enzymes, food flavors and enhancers, and acidulants. On the basis ofapplication, the market is segmented into confectionery, dairy & frozen, bakery, meat, poultry, and sea food, beverages, and others.
Type | |
Preservatives | |
Sweetener | |
Sugar Substitutes | |
Emulsifier | |
Anti-Caking Agents | |
Enzymes | |
Hydrocolloids | |
Food Flavors and Enhancers | |
Food Colorants | |
Acidulants |
Application | |
Confectionery | |
Bakery Products | |
Dairy & Frozen Food | |
Beverages | |
Meat, Poultry, and Sea Food | |
Others |
United States Food Additives Market Size Summary
The United States food additives market is experiencing growth driven by the increasing demand for healthier food options among consumers, particularly due to the aging population and heightened health consciousness. This market, which holds a significant share in the North American processed food sector, is propelled by the extensive application of additives in the food and beverage industry. These additives serve various functions, including preservation, flavor enhancement, emulsification, sweetening, and coloring. The rising popularity of convenience and packaged foods, which utilize a higher quantity of additives, further contributes to market expansion. The competitive landscape of the food retail industry in the United States, characterized by a multitude of retailers and diverse retail channels, enhances consumer access to processed and convenience foods, thereby boosting the demand for food additives.
In the realm of sugar substitutes, the market is witnessing a shift towards both artificially synthesized and natural alternatives, such as sorbitol and xylitol, which are derived from natural sources like berries and vegetables. The approval of various sugar substitutes by the USDA, categorized under Generally Recognized As Safe (GRAS) status, underscores their growing acceptance in the North American region. The industry is focusing on innovation, particularly in the development of natural food additives and functional food ingredients, to cater to evolving consumer preferences. Key players in the United States food additives market include Cargill, Incorporated, Kerry Inc., Corbion NV, Tate & Lyle, and Archer Daniels Midland Company, among others, who are actively engaged in strategies to meet the increasing demand for diverse and health-oriented food additives.
United States Food Additives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Preservatives
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2.1.2 Sweetener
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2.1.3 Sugar Substitutes
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2.1.4 Emulsifier
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2.1.5 Anti-Caking Agents
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2.1.6 Enzymes
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2.1.7 Hydrocolloids
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2.1.8 Food Flavors and Enhancers
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2.1.9 Food Colorants
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2.1.10 Acidulants
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2.2 Application
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2.2.1 Confectionery
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2.2.2 Bakery Products
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2.2.3 Dairy & Frozen Food
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2.2.4 Beverages
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2.2.5 Meat, Poultry, and Sea Food
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2.2.6 Others
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United States Food Additives Market Size FAQs
What is the current United States Food Additives Market size?
The United States Food Additives Market is projected to register a CAGR of 3.76% during the forecast period (2024-2029)
Who are the key players in United States Food Additives Market?
Cargill Inc, Tate & Lyle Plc, Archer Daniels Midland(ADM) and DSM are the major companies operating in the United States Food Additives Market.