Canada Food Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Food Additives Market Analysis
The Canadian food additives market is expected to register a CAGR of 3.6% during the forecast period, 2020 - 2025. The market is driven by an extensive use of additives in the food and beverage sector for different functioning, such as preservative, flavor enhancer, emulsifier, sweetener, colorant, and many other functions.
Moreover, the rising population, growing demand for food, need for food preservation, growing concerns toward food safety due to contamination, rising health concerns, consumer demand for better quality, and increasing consumption of premium food products are several important reasons that are driving the demand for food additives.
Furthermore, the food additives markets obeserve it as an opportunity in the form of rising innovations, to meet the nutraceutical ingredients market requirements. However, several health hazards and side-effects associated with synthetic food additives are anticipated to negatively impact the growth of the market.
Canada Food Additives Market Trends
This section covers the major market trends shaping the Canada Food Additives Market according to our research experts:
Rising Demand for Sweeteners in the Country
- The Canadian sweetener segment is recorded to have a significant growth over the last decade. This segment includes bulk sweetener and sugar substitute. The bulk sweetener subsequent, which include sucrose, fructose. lactose, high fructose corn syrup (HFCS), and others are the largest segment.
- Growing health concerns associated with artificial sweeteners, such as aspartame and saccharin, are driving consumers' interest in natural sweeteners. Steviol glycosides majorly contribute to the growth in the natural high-intensity sweeteners space, followed by monk fruit extract and Mogroside V. Sugar substitutes, like stevia, aspartame, sucralose, neotame, acesulfame potassium, and saccharin.
- These substrates are approved by USDA and are categorized under GRAS in Canada. Therefore, these favorable regulations result in further growth of the market.
Acquisitive Demand of Food Additives in Bakery Industries
- The population of Canada represents diversified tastes and preferences. Thus, manufacturers are constantly innovating and widening their product portfolio to meet the dynamic consumer demands.
- Hectic lifestyles present a suitable opportunity for on-the-go breakfast and convenient baked goods. In Canada, indulgence is leading the growth in baked goods and pastries, which, in turn, is resulting a growth in the market studied.
- Furthermore, an increase in the number of retailers, retail channels, and formats is widening consumer's access to processed and convenience foods, thereby, eventually resulting a further increase in the demand for food additives in the food and beverage industry in Canada.
Canada Food Additives Industry Overview
The Canadian food additives market is highly competitive and fragmented in nature, owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies, along with new product development as strategic approaches adopted by the leading companies, to boost their brand presence among consumers. Key players dominating the country's market include Cargill Incorporated, DuPont de Nemours Inc., Ingredion Incorporated, NOW Health Group Inc., JG Group Stevia Canada, Brenntag Canada Inc., and Jungbunzlauer Suisse AG, among others.
Canada Food Additives Market Leaders
-
Ingredion Incorporated
-
JG Group Stevia Canada
-
Jungbunzlauer Suisse AG
-
Cargill Incorporated
-
DuPont de Nemours Inc.
-
NOW Health Group Inc.
-
Brenntag Canada Inc.
*Disclaimer: Major Players sorted in no particular order
Canada 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
-
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
-
5.1 By Type
-
5.1.1 Preservatives
-
5.1.2 Sweeteners and Sugar Substitutes
-
5.1.3 Emulsifiers
-
5.1.4 Enzymes
-
5.1.5 Hydrocolloids
-
5.1.6 Food Flavors and Colorants
-
5.1.7 Other Types
-
-
5.2 By Application
-
5.2.1 Bakery
-
5.2.2 Confectionery
-
5.2.3 Dairy
-
5.2.4 Beverages
-
5.2.5 Meat, Poultry, and Sea Foods
-
5.2.6 Other Applications
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Most Adopted Strategies
-
6.2 Market Position Analysis
-
6.3 Company Profiles
-
6.3.1 Cargill Incorporated
-
6.3.2 DuPont de Nemours Inc.
-
6.3.3 Ingredion Incorporated
-
6.3.4 NOW Health Group Inc.
-
6.3.5 JG Group Stevia Canada
-
6.3.6 Brenntag Canada Inc.
-
6.3.7 Jungbunzlauer Suisse AG
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Food Additives Industry Segmentation
The Canadian food additives market is segmented by type and application. On the basis of type, the market is segmented into preservatives, sweeteners and sugar substrates, emulsifier, enzymes, hydrocolloids, food flavor and colorants, and other types. On the basis of application, the market is segmented into bakery, confectionery, dairy, meat, poultry, and seafood, beverages, and other applications.
| By Type | |
| Preservatives | |
| Sweeteners and Sugar Substitutes | |
| Emulsifiers | |
| Enzymes | |
| Hydrocolloids | |
| Food Flavors and Colorants | |
| Other Types |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy | |
| Beverages | |
| Meat, Poultry, and Sea Foods | |
| Other Applications |
Canada Food Additives Market Research FAQs
What is the current Canada Food Additives Market size?
The Canada Food Additives Market is projected to register a CAGR of 3.60% during the forecast period (2024-2029)
Who are the key players in Canada Food Additives Market?
Ingredion Incorporated, JG Group Stevia Canada, Jungbunzlauer Suisse AG, Cargill Incorporated, DuPont de Nemours Inc., NOW Health Group Inc. and Brenntag Canada Inc. are the major companies operating in the Canada Food Additives Market.
What years does this Canada Food Additives Market cover?
The report covers the Canada Food Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Food Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Food Additives Industry Report
Statistics for the 2024 Canada Food Additives market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Canada 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.
