Date: March 21, 2025
Essential food additive enhancing texture, moisture retention, and taste
Market Overview
Extensively used in baked goods, collagen casings, meat products, and beverages
Growing demand driven by clean label trends and natural additive preferences
Significant opportunities in functional food ingredients and customized formulations
Market Value & Growth Projections
Market Value & Growth Projections
Global Market Value: 2023-
USD 262 million2032
Projection: USD 386.02 million
CAGR: 4.40% (2025-2031)
North America Market Value:
2023: USD 73.52 million
CAGR: 3.77% (2025-2031)
Key Market Drivers:
Rising consumer demand for clean label products
Growing awareness of benefits in food processing
Global expansion of food and beverage industry
Increasing health consciousness among consumers
Market Segmentation
Key Market Players
Shandong
Regional Market Analysis
North America: Strong demand for processed foods; market valued at USD 73.52M (2023)
Europe: Well-established food processing industry with stringent regulations
Asia-Pacific: Rapidly growing market driven by changing dietary patterns
Middle East & Africa: Expanding market due to shift toward convenience foods
South & Central America: Increasing consumption of packaged foods driving steady growth
