Sales of food additives in my country are gradually increasing, with a large number of companies

Food additives mainly refer to natural or chemically synthesized substances added to food in order to improve food quality and processing technology. They can maintain the taste of food and enhance the taste of food. With the gradual advancement of production technology, the types of food additives in my country are gradually increasing, which can be roughly divided into colorants, saccharin, color protectants, preservatives, sweeteners, antioxidants, bleaches, flavor enhancers, enzyme preparations, etc.

At present, my country’s food additive industry chain has basically matured. The upstream of the industrial chain is mainly the raw material industry, providing chemical raw materials such as acetic acid, glutamic acid, citric acid, and crop raw materials such as sugar cane, wheat, and rice. The midstream is mainly the production industry of food additives, responsible for the production and manufacturing of different types of food additives. ; The downstream is mainly oriented to application fields, and is mostly used in prepared dishes, condiments, food, beverages, instant products and other fields.

In recent years, my country’s residents’ consumption structure has gradually upgraded, and their requirements for beverages have gradually increased, driving the rapid development of the beverage market. As my country’s beverage production technology gradually advances, product iteration is accelerating, and product categories are increasing. As the post-90s and post-00s generations in my country have gradually become the main consumers, consumption habits have gradually changed, the frequency of beverage consumption has gradually increased, and market demand has gradually increased. Against this background, the scale of my country’s beverage market has shown a trend of increasing year by year. From 2015 to 2022, the size of my country’s beverage market will grow from 767.35 billion yuan to 1.24792 billion yuan, with a compound growth rate of 7.19%. As important raw materials for beverages, the market for food additives is gradually expanding.

According to the “Food Additive Market Development Prospect Analysis and Supply and Demand Pattern Research Forecast Report 2023-2027” released by the Industrial Research Center, With the continuous development of my country’s food industry, food additives have become one of the important raw materials in food processing. They can not only improve the color and appearance of food, but also extend the shelf life of food. Market demand is gradually growing. Against this background, the sales of major food additive varieties in my country have gradually increased. In 2022, the sales of my country’s main food additive varieties will be 144.27 billion yuan, a year-on-year increase of 0.3%.

Industry analysts said that at this stage, there are a large number of food additive companies in my country and the market concentration is low. The major food additive companies in my country include Shengda Biotech, Chenguang Biotech, Meihua Group, Sanyuan Biotech, Fufeng Group, Jinhe Industrial, Aipu Flavors, Tianbo Food, Baolingbao Biotech, Xinghu Technology, and Richen shares etc. In addition, there are still many small and medium-sized enterprises in my country’s food additive market. These enterprises have small production capacity, relatively single product types, weak anti-risk capabilities, and insufficient market competitiveness. As my country’s large food additive companies gradually expand, the living space of small and medium-sized enterprises is gradually squeezed. They may disappear or be merged in the future, and their market concentration is expected to increase.