Coherent Market Insights

Europe Natural Food Additives Market was valued at US$ 9595.0 Mn in 2021

Europe Natural Food Additives Market was valued at US$ 9595.0 Mn in 2021 - Coherent Market Insights

Publish On: Dec 12, 2022

Europe Natural Food Additives Market was valued at US$ 9595.0 Million in 2021, According to Europe Natural Food Additives Market Report, by Product Type (Essential Oils (Eucalyptus Oil, Mint Oil, Citrus Oil, Lavender Oil, and Others), Plant Extract (Spice Extract (Coriander, Pepper, Fennel, Clove, Turmeric, Cinnamon and Others),  Fruit and Vegetables Extract (Apple, Pear, Citrus Fruits, Grapes, Aronia, Other Vegetables (except Onion & Garlic), Onion, Garlic, and Other Fruits),  Herb Extract (Oregano, Sage, Thyme, Rosemarine, Hyssop, Lemon Balm, Parsley, and Basil), and Phytochemicals (Polyphenols, etc.)), and  Others (Fermented Ingredients, Cereal & Grain Ingredients)), by Function (Sweetening, Flavoring and Enhancing, Coloring, Preservatives, Antioxidants, and Others (Anti-caking, Acidulants, Fat Replacers, etc.)), by Application (Dairy Products, Meat, Poultry and Sea Food, Bakery, Beverages, Confectionery, and Others (Sauces, Dressings, Spices, Condiments, etc.)), and by Countries (U.K., France, Germany, Greece, Italy, Spain, Russia, Rest of Europe) ), published by Coherent Market Insights.

Europe Natural Food Additives Market was valued at US$ 9595.0 Million in 2021. Natural Food Additives market is expected to register a CAGR of 6.18% over the forecast period (2022-2030), to reach US$ 16403.9 Million by 2030.

Food additives are substances intentionally added to foodstuffs to perform specific technological functions, whether to improve shelf life, to enhance color, flavor or consistency. Several additives were not invented by the modern food industry, but have in fact been used for centuries in the preparation of food. Ingredients such as salt, sugar and vinegar have served as preserving agents for thousands of years.

The COVID-19 pandemic had affected the market as the supply of raw materials had stopped. There were major challenges for the manufacturing of these food products and beverages due to a shortage in the manpower. Various restrictions imposed by the governments affected the import and export of various businesses. Different types of products like the confectionery bakery products, dairy products, different beverages were affected during the pandemic to a great extent. The supermarkets had stuffed themselves with necessary supplies during the pandemic. Lockdowns imposed by the governments in many countries which were important in order to reduce the spread of the disease or two stop the spread of the disease was extremely important.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/europe-natural-food-additives-market-4811

Browse 50 market data tables* and 40 figures* on "Europe Natural Food Additives Market” - Forecast to 2030.

Key Trends and Analysis of the Europe Natural Food Additives Market:

  • Among countries, Germany held dominant position in the Europe natural food additives market in 2021, accounting for 25.3% share in terms of value, followed by the U.K. and France, respectively.
  • Increasing demand for plant extracts and essential oils from the food and beverages industry in the region is projected to foster market growth. The increasing consumer demand for green food products with high quality, safety, and nutritional values can be fulfilled by using products of natural origin such as essential oils and plant extracts. Natural aromatic plants and spices have been widely used in various foods, dairy, and bakery products as preservatives, antioxidants, flavoring, and seasoning agents, and for coloring. Plant extracts are used as food additives in the food and beverages industry to enhance the nutritional content of the food. Increasing demand for functional foods and beverages is expected to aid in growth of the natural food additives market. This is owing to increasing awareness related to benefits associated with consumption of functional foods.

Key Takeaways of the Europe Natural Food Additives Market

  • On the basis of function, the flavoring and enhancing in function segment held dominant position in the market and accounted for 41.6% share in the Europe natural food additives market in 2021.
  • In June 2021, Firmenich SA, world's largest privately-owned fragrance and taste company, launched Firgood Ingredients that are pure and made from 100% natural extracts. Extracts are obtained using the company’s patented water-based extraction technology without the use of toxic chemicals.
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the natural food additives are key strategies adopted by players in the Europe natural food additives market. For instance, In February 2019, Cargill invested US$ 22.5 million in its starch production plant in the Netherlands to increase the instant starch capacity. The decision was taken to meet the rising demand for instant starch in convenience food.

 

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