Global Synthetic Food Market Size, Trends, and Growth Opportunity, By Product (Color, Enzymes, Hydrocolloids, Flavor & Fragrances, Antioxidants, Emulsifiers, Fat replacers), By Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Processed Food, Pet Food), By Distribution Outlook (Supermarkets, Conventional Stores, Online), By Region and Forecast to 2030.
Report ID : IR1002239 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 212
Global Synthetic Food Market Size, Trends, and Growth Opportunity, By Product (Color, Enzymes, Hydrocolloids, Flavor & Fragrances, Antioxidants, Emulsifiers, Fat replacers), By Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Processed Food, Pet Food), By Distribution Outlook (Supermarkets, Conventional Stores, Online), By Region and Forecast to 2030.
Global Synthetic Food Market
The Global Synthetic Food Market was valued at USD 15.9 billion in 2022 and is expected to expand to USD 29.5 billion by 2030, at a CAGR of 7.80% during the forecast period 2023-2030.
Synthetic food is not produced in the organic soil or natural meat obtained from animals instead, it is produced artificially or in an inorganic way in industrial & laboratory conditions. To grow synthetic food, instead of soil, a culture medium or growth medium is used. Most artificial preservative are not harmful to human health.
Market Drivers
The increase in food consumption worldwide is expected to drive the growth of the synthetic food market. The increasing population has created a surge in demand for food, especially meat. The demand for meat globally is expected to drive the supply of cows, pigs, chickens, and other edible animals.
Furthermore, the demand for beverages and the trend of eating outside food are contributing to the growth of the market. Several restaurants are adopting synthetic food as a replacement for organic food. The high-scale manufacture & production of synthetic food ingredients will propel the growth of the market.
Market Restraints
The usage of costly natural components, increasing raw material prices, and the shift of consumer preferences towards organic & natural food items because of health consciousness are the factors restraining the global synthetic food market.
Due Market Segmentation
The global synthetic food market is segmented into product, application, distribution outlook, and region
Based on product color, the global synthetic food market is segmented into enzymes, hydrocolloids, flavor & fragrances, antioxidants, emulsifiers, and fat replacers.
Further, based on the distribution outlook, the market is segmented into supermarkets, convenience stores, and online.
Regional Analysis
The global synthetic food market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global synthetic food market due to the presence of large FMCG manufacturers and consumers. High cash flow and rising synthetic food ingredients in beverages push the growth in the region.
The Asia Pacific region has a substantial share in the synthetic food market because of the growing working population in this area and consumers' preference for ready-to-eat foods.
Key Players
Various key players are discussed in the global synthetic food market report including; Allied Biotech Corp, Flavorchem Corporation, Döhler Group, Frutarom Industries Ltd., FMC Corporation, Biolandes SAS, Naturex S.A., Falcon Essential Oils, Fiorio Colori, BASF SE., and Others.
For instance, in January 2020, the sandwich-based delicacy dubbed the Croissan'wich, created by Impossible Sausage, the synthetic food business, showcased its 1st product at 67 Burger King locations in the USA.
Market Taxonomy
By Product
• Color
• Enzymes
• Hydrocolloids
• Flavor & Fragrances
• Antioxidants
• Emulsifiers
• Fat replacers
By Application
• Beverages
• Dairy & Frozen Products
• Bakery & Confectionery
• Meat
• Poultry & Seafood
• Processed Food
• Pet Food
By Distribution Outlook
• Supermarkets
• Conventional Stores
• Online
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Synthetic Food Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Synthetic Food Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Synthetic Food Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Synthetic Food Market Share Analysis, By Product
5.3 Global Synthetic Food Market Size and Forecast, By Product
5.3.1 Color
5.3.2 Enzymes
5.3.3 Hydrocolloids
5.3.4 Flavor & Fragrances
5.3.5 Antioxidants
5.3.6 Emulsifiers
5.3.7 Fat replacers
6 Global Synthetic Food Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Synthetic Food Market Share Analysis, By Application
6.3 Global Synthetic Food Market Size and Forecast, By Application
6.3.1 Beverages
6.3.2 Dairy & Frozen Products
6.3.3 Bakery & Confectionery
6.3.4 Meat
6.3.5 Poultry & Seafood
6.3.6 Processed Food
6.3.7 Pet Food
7 Global Synthetic Food Market, By Distribution Outlook
7.1 Y-o-Y Growth Comparison, By Distribution Outlook
7.2 Global Synthetic Food Market Share Analysis, By Distribution Outlook
7.3 Global Synthetic Food Market Size and Forecast, By Distribution Outlook
7.3.1 Supermarkets
7.3.2 Conventional Stores
7.3.3 Online
8 Global Synthetic Food Market, By Region
8.1 Global Synthetic Food Market Share Analysis, By Region
8.2 Global Synthetic Food Market Share Analysis, By Region
8.3 Global Synthetic Food Market Size and Forecast, By Region
9 North America Synthetic Food Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Synthetic Food Market Share Analysis, By Product
9.3 North America Synthetic Food Market Share Analysis, By Application
9.4 North America Synthetic Food Market Size and Forecast, By Distribution Outlook
9.5 North America Synthetic Food Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Synthetic Food Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Synthetic Food Market Share Analysis, By Product
10.3 Europe Synthetic Food Market Share Analysis, By Application
10.4 Europe Synthetic Food Market Size and Forecast, By Distribution Outlook
10.5 Europe Synthetic Food Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Synthetic Food Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Synthetic Food Market Share Analysis, By Product
11.3 Asia Pacific Synthetic Food Market Share Analysis, By Application
11.4 Asia Pacific Synthetic Food Market Size and Forecast, By Distribution Outlook
11.5 Asia Pacific Synthetic Food Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Synthetic Food Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Synthetic Food Market Share Analysis, By Product
12.3 Latin America Synthetic Food Market Share Analysis, By Application
12.4 Latin America Synthetic Food Market Size and Forecast, By Distribution Outlook
12.5 Latin America Synthetic Food Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Synthetic Food Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Synthetic Food Market Share Analysis, By Product
13.3 Middle East Synthetic Food Market Share Analysis, By Application
13.4 Middle East Synthetic Food Market Size and Forecast, By Distribution Outlook
13.5 Middle East Synthetic Food Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Allied Biotech Corp
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Flavorchem Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 Döhler Group
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Frutarom Industries Ltd.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 FMC Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Biolandes SAS
15.6.1
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Naturex S.A.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Falcon Essential Oils
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Fiorio Colori
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 BASF SE.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies