Food Additives Industry Size To Reach $169.22 Billion By 2030
Food Additives Industry Overview The global food additives market size was estimated at USD 114.35 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030. This is attributed to the expanding size of key end-use sectors, including bakery & confectionery, beverages, dairy, and convenience foods, coupled with the growing penetration of organized as well as e-retail, fueling the market growth. Specialty food ingredients are utilized in products to enhance their properties such as taste, shelf life, texture, and health benefits. The market is classified into sensory ingredients and functional ingredients. Sensory ingredients are vital for enhancing the taste, smell, flavor, and texture of products. Functional ingredients include vitamins, acidulates, antioxidants, and other constituents that add nutritional qualities to food. Gather more insights about the market drivers, restrains and growth of the ...