Global Organic Food Additives Market Overview:
The vitamins & minerals, antioxidants, acidulants, food coloring agents, emulsifiers, sweeteners, thickeners, and stabilizers are generally termed as food additives. The food additives help to preserve quality and enhance the taste of processed food. However, synthetic food additives may have few effects on the skin as well as the overall health of people. Thus, the demand for organic or plant or animal-based additives is growing. In order to cater to this demand, the key players are trying to offer products based on organic food additives. This trend is fueling growth of the global organic food additives market. Thanks to this factor, Organic Food Additives Market is projected to grow at a significant rate of 5.9% from 2022 to 2030 to reach a market value of USD 101.22 Billion by the end of 2030.
Canada Organic Food Industry is witnessing steady growth, fueled by increasing consumer awareness of health and environmental sustainability. Within this burgeoning sector, organic food additives play a crucial role in meeting consumer demand for clean label products free from synthetic additives and preservatives. Canadian consumers prioritize organic products that adhere to strict quality standards and are certified by reputable organic certification bodies. As a result, the market for organic food additives in Canada is expanding, encompassing a diverse range of products such as natural colors, flavors, and emulsifiers derived from organic sources. With a growing emphasis on organic agriculture and sustainable food production practices, Canadian manufacturers and suppliers are innovating to meet the evolving needs of consumers seeking healthier and more environmentally friendly food options. As the demand for organic food continues to rise, Canada presents lucrative opportunities for stakeholders in the organic food additives market to capitalize on this growing trend.
The increase in the pool of health-conscious people, who prefer organic foods and beverages over traditional additives in baked and processed foods is catalysing growth of the Organic Food Additives Market. The huge demand for baked products, frozen foods, and confectionery items globally are fueling market growth. Further, the increasing consumer inclination is increasingly for read-to-cook and ready-to-eat foods for saving time in their busy schedules. The trend of gifting confectionaries is augmenting its demand and is likely to boost growth of the global organic food additives market.
Further, several food additives are certified and accepted by the government, and other governmental bodies are fueling growth of the market. These bodies identify safer additives to be used in the food and beverages before certifying it. This factor is driving growth of the global organic food additives market. Moreover, an increase in per capita income, especially in emerging countries, is augmenting demand for baked and processed food, which is further providing traction for the growth of the global organic food additives market.
Segmentation:
The organic food additives market is segmented based on form, type, application, and region.
By form, the organic food additives market is categorized into dry and liquid.
By application, the organic food additives market is segmented into bakery & confectionery, dairy & frozen dessert, beverages, sweet & savory snacks, sauces & dressings, soups, and others.
By type, the organic food additives market is segmented into acidulants, colorants, vitamins & minerals, hydrocolloids, flavors & sweeteners, enzymes, and others.
Competitive Analysis:
The global Organic Food Additives Market Companies include E.I. du Pont de Nemours and Company, Cargill Inc., Archer Daniels Midland Company, Chr. Hansen Holding A/S, BASF SE, Kerry Group Plc, Novozymes A/S, Danisco A/S, Tate & Lyle, Givaudan, Firmenich SA, Brenntag AG, Associated British Foods plc, Foodchem International Corporation, and International Flavors & Fragrances Inc.
Industry News:
August 2019, Impossible Foods announced its partnership with Burger King to offer plant-based Whoppers. The company cleared a big regulatory hurdle from the U.S. Food and Drugs Administration (FDA) by getting soy leghemoglobin approved as an additive. These newer approvals by the FDA are estimated to widen their application and benefit the growth of the market in the estimated timeframe.
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