Synthetic Food Market Size, Share, Growth, and Industry Analysis by Type (Color, Enzymes Hydrocolloids, Flavor & Fragrances, Antioxidants, Emulsifiers, and Fat Replacers) By Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Processed Food, Convenience Foods & Beverages, Sauces, and Dressings), Regional Insights, and Forecast From 2024 To 2031

Updated On: 01 April 2024

Synthetic Food Market Report Overview

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The global synthetic food market size was USD 12417.04 million in 2021 and is projected to touch USD 21208.53 million by 2031, exhibiting a CAGR of 5.5% during the forecast period.

Synthetic foods are known as food products or substances which are produced artificially not by natural processes. The food's taste, appearance, and texture are normally manufactured under controlled laboratory conditions.

The demand for the global synthetic food market is rising due to the increased trend of eating at restaurants and growing on account of advancements in the food & beverage sector across the globe. Rapid changes in the food industry and huge-scale manufacturing of artificial ingredients are predicted to drive market growth in the forthcoming years. Increased marketing of the product and the food contains necessary fats, proteins, carbohydrates, and salts which are required to cells populations and cells. High demand for packaged food and the presence of a large number of restaurant chains is anticipated to accelerate market growth in the forthcoming years. Huge scale manufacturing of synthetic food ingredients and government regulations for development in food sector is projected to fuel market growth. On the contrary, several regulations about synthesized safety and qualitative value are estimated to limit market growth in the upcoming years. 

COVID-19 Impact: High Demand for Essential Services to Fuel Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with synthetic food experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The sudden outbreak of the COVID-19 pandemic witnessed a negative impact on the synthetic food market. High need for packaged food items due to the unavailability of fresh food items. Lockdown restrictions slightly affected demand and supply. Also, allowance of groceries and essential services to recover market growth.

LATEST TRENDS

"Increased Need for Innovative Food and Unique Dishes to Improve Market Growth"

Today, people are more inclined towards innovative foods, the dish which looks good and quick to make. High need for unique dishes and majority of population prefers unique and creative cooking methods. Also, increased demand for the product among chefs is anticipated to foster market growth. The foods have highly effective and brings unequivocal solutions. Rise in number of new products and the product contains nutritive substances such as vitamins, fats, proteins, and other components. Also, the product imitates natural foods by the recreation of appearance, color, flavor, and palatability, which is estimated to improve market progress in the upcoming years.

Synthetic Food Market Segmentation

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• By Type

Based on type, the market is divided into, hydrocolloids, flavor & fragrances, color, enzymes, antioxidants, emulsifiers, and fat replacers.

Color is expected to be the top part of type segmentation

• By Application

Based on the application, the market is divided into, bakery & confectionery, beverages, dairy & frozen products, meat, poultry & seafood, processed food, convenience foods & beverages, sauces, and dressings.

Dairy & frozen products are expected to be the top part of application segmentation.

DRIVING FACTORS

"Inability of Farm-Fresh Fruits and Vegetables to Surge Market Progress"

The inability of farm-fresh fruits and vegetables has brought synthetic foods under attention. Rapid changes in the food industry and huge-scale manufacturing of artificial food ingredients are predicted to drive market growth in the forthcoming years. Increased marketing of the product and the food contains necessary fats, proteins, carbohydrates, and salts which are required to cells populations and cells. High demand for packaged food and presence of a large number of restaurant chains is anticipated to accelerate market growth in the forthcoming years. Huge scale manufacturing of synthetic food ingredients and government regulations for development in food sector is projected to fuel market growth. Further, concern about limited food and environmental changes coupled with limited space availability is anticipated to drive market growth.

"Development in Food & Beverage Sector to Fuel Market Growth "

Increased development in food & beverage sector and several manufacturing companies are experimenting with several varieties of synthetic food. Ongoing R&D activities and increased investment infrastructure is projected to fuel market growth. The increased trend of eating at a restaurant and growing on account of advancements in the food & beverage sector across the globe. Effective marketing processes and growing demand for sustainable volumes of food products are predicted to surge market progress in the forthcoming years.

RESTRAINING FACTORS

"Several Regulations About Safety and Qualitative Value to Limit Market Growth"

Several regulations about the safety and qualitative value of synthesized are estimated to limit market growth in the upcoming years.   

Synthetic Food Market Regional Insights

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"Expansive in Fast-Food Industry in North America to Drive Market Share  "

North America is anticipated to hold the largest synthetic food market share due to increased fast-food sector development. The presence of a large number of market players, a rise in the number of new products, and widespread expansion of the food & beverage sector are anticipated to accelerate market growth. Rapid development in biotechnology methods is predicted to drive market growth. Increased marketing of the product and the food contains necessary fats, proteins, carbohydrates, and salts which are required to cells populations and cells. High demand for packaged food and the presence of a large number of restaurant chains is anticipated to accelerate market growth in the forthcoming years. Massive-scale manufacturing of synthetic food ingredients and government regulations for development in food sector is projected to fuel market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Chr. Hansen A/S (Denmark)
• Aarkay Food Products (India)
• Frutarom Industries Ltd. (Israel)
• Naturex S.A. (France)
• Symrise AG (Germany)
• D.D. Williamson & Co. Inc. (U.S.)
• Young Living Essential Oils (U.S.)
• Biolandes SAS (U.S.)
• BASF SE (Germany)
• Sensient Technologies (U.S.)
• Archer Daniels Midland Company (U.S.)
• FMC Corporation (U.S.)
• Döhler Group (Germany)
• Royal DSM N.V (Netherlands)
• Flavorchem Corporation (U.S.)
• Allied Biotech Corp (Taiwan)
• Fiorio Colori (Italy)
• Falcon Essential Oils (India)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.