APAC Food Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Food Additives Market Analysis
Asia-Pacific food additives market is forecasted to grow at a CAGR of 6% during the forecast period (2020-2025).
- Increasing disposable incomes, working populations and busy lives are driving consumers toward convenience food category. However, growing consumer awareness on adverse impacts of chemical additives is pressurizing the food & beverage industry to introduce natural additives category.
- The food additives ingredients markets see an opportunity coming in the form of rising innovations to meet the nutraceutical ingredients market requirements. However, several complexities are restricting the growth of Asia-Pacific food additives market.
APAC Food Additives Market Trends
This section covers the major market trends shaping the APAC Food Additives Market according to our research experts:
Bakery Holds a Great Potential
The population of Asia-Pacific represents diversified tastes and preferences; thus, manufacturers are constantly innovating and widening their product portfolio to meet the dynamic consumer demands. Hectic lifestyles, associated with most urban regions of APAC, present a suitable opportunity for on-the-go breakfast and convenient baked goods. In the booming markets of Asia, indulgence is leading the growth in baked goods and pastries, in particular. Asia-Pacific boasts the highest pastry sales globally and accounts for the majority of global growth within the pastry segment.
China Dominates the Regional Market
Owing to the large population base with a potential consumer market, China remains a lucrative market for food additives in the region. Moreover, the country is experiencing significant development in terms of new product launches and innovations. Major companies are strategizing business expansion in order to increase market penetration and are investing to supplement the production facility in the country. For instance, key players such as Givaudan, Chr Hansen, and Palsgaard own manufacturing units in China.
APAC Food Additives Industry Overview
Asia-Pacific food additives market is highly fragmented due to the prevalence of several local and international companies. Key players are adopting strategies such ascollaborations, joint ventures, and acquisitions, in order toincrease their market sales and gaining wider access to newer markets. Some of the dominant players in the market areCargill,Kerry,Corbion,Tate & Lyle, andDupont- Danisco.
APAC Food Additives Market Leaders
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Cargill, Incorporated
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Kerry Inc.
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Corbion NV
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Tate & Lyle
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Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
APAC Food Additives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Emulsifiers
- 5.1.2 Anti-Caking Agents
- 5.1.3 Enzymes
- 5.1.4 Hydrocolloids
- 5.1.5 Acidulants
- 5.1.6 Preservatives
- 5.1.7 Sweeteners
- 5.1.8 Food Flavors
- 5.1.9 Food Flavor Enhancers
- 5.1.10 Food Colorants
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5.2 Applications
- 5.2.1 Beverages
- 5.2.2 Bakery
- 5.2.3 Meat and Meat Products
- 5.2.4 Dairy Products
- 5.2.5 Others
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5.3 Geography
- 5.3.1 Asia Pacific
- 5.3.1.1 China
- 5.3.1.2 Japan
- 5.3.1.3 India
- 5.3.1.4 Australia
- 5.3.1.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Market Share Analysis
- 6.2 Most Active Companies
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Cargill, Incorporated
- 6.4.2 Kerry Inc.
- 6.4.3 Corbion NV
- 6.4.4 Tate & Lyle
- 6.4.5 Archer Daniels Midland Company
- 6.4.6 Dupont- Danisco
- 6.4.7 Novozymes
- 6.4.8 Koninklijke DSM N.V.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAPAC Food Additives Industry Segmentation
Asia-Pacific food additives market offers a wide range of products including preservatives, sweeteners, emulsifiers, anti-caking agents, enzymes, hydrocolloids, food flavors and enhancers, food colorants, and acidulants applicable to beverages, bakery, meat and meat products, dairy products, and other industries. The study also covers the geographic analysis of the countries including China, Japan, India, and Australia
| Type | Emulsifiers | |
| Anti-Caking Agents | ||
| Enzymes | ||
| Hydrocolloids | ||
| Acidulants | ||
| Preservatives | ||
| Sweeteners | ||
| Food Flavors | ||
| Food Flavor Enhancers | ||
| Food Colorants | ||
| Applications | Beverages | |
| Bakery | ||
| Meat and Meat Products | ||
| Dairy Products | ||
| Others | ||
| Geography | Asia Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific |
APAC Food Additives Market Research FAQs
What is the current Asia-Pacific Food Additives Market size?
The Asia-Pacific Food Additives Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Food Additives Market?
Cargill, Incorporated, Kerry Inc., Corbion NV, Tate & Lyle and Archer Daniels Midland Company are the major companies operating in the Asia-Pacific Food Additives Market.
What years does this Asia-Pacific Food Additives Market cover?
The report covers the Asia-Pacific Food Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Food Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Food Additives Industry Report
Statistics for the 2024 Asia-Pacific Food Additives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Food Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
