Market Overview:
The global functional additives market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for processed and packaged foods, rising awareness about the benefits of functional additives, and growing demand for personal care products. The global functional additives market is segmented by type into antistatic agents, antioxidants, anti-fog agents, antimicrobial agents, UV stabilizers, and others. The food and beverages segment accounted for the largest share of the global functional additives market in 2017. This can be attributed to the increasing demand for processed foods that require preservatives and other types of functional additives to improve their shelf life. The personal care and cosmetics segment is projected to grow at the highest CAGR during the forecast period owing to rising consumer awareness about using natural ingredients in skin care products.
Product Definition:
Functional additives are substances that are added to foods for a specific purpose, such as to improve the appearance, flavor, or texture of the food. They may also be added to improve the shelf life of the food or to protect against spoilage.
Antistatic:
Antistatic or static-electricity additives are used to reduce the electric charge on the surface of materials. They are added in small quantities to plastics, rubber, paints & coatings and printing inks as well as adhesives and sealants. Antistatic agents can be natural products such as ash from burnt wood or they can be synthetic (man-made).
Antioxidants:
Antioxidants are the chemical compounds that can neutralize or prevent the damage from free radicals. Free radicals are highly reactive and unstable molecules, which can result in chain reactions leading to cell damage. Antioxidants act as an electron acceptor and trap free radical to keep it from causing more oxidation.
Application Insights:
The food and beverages application segment led the market in 2017. The demand for functional additives in this sector is driven by rising consumer awareness regarding health and wellness, coupled with a growing preference for organic products. Rising demand for packaged foods as snacks and meal replacements is also expected to contribute to industry growth over the forecast period.
Functional additives are widely used in personal care products including soaps, shampoos, conditioners, hair spray cans, deodorants/antiperspirants/deodor absorbers among others due to their antimicrobial properties that help prevent or reduce bacterial infection caused by pathogenic bacteria or fungi on human skin. In addition, they are used as preservatives against microbial growth which enhances product quality over the long term. The increasing prevalence of skin diseases such as acne along with rising consumer spending capacity has surged demand for functional cosmetics across the globe which is expected to drive global market expansion over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and urbanization, coupled with increasing population and disposable income levels. This has led to an increase in consumer spending on household products such as soaps, detergents, paints & coatings, adhesives & sealants.
The Asia Pacific regional market is also characterized by rapidly expanding end-use industries including automotive; electronics; construction; food processing and packaging among others that are driving demand for functional additives across various regions worldwide. Increasing foreign direct investments along with favorable government policies aimed at promoting manufacturing activities within the region are anticipated to further drive product demand over the forecast period.
Europe accounted for a major share of revenue in 2017 owing to high consumption of functional additives across numerous applications mainly due to growing consumer awareness regarding health issues associated with exposureto environmental pollutants including formaldehyde gas present in many plastics used as raw materials for producing bottles etc.).
Growth Factors:
- Increasing demand for functional additives in food and beverage industry as a result of changing consumer preferences towards healthy and nutritious food products.
- Rising demand from end-use industries such as automotive, construction, and packaging due to the increasing application of functional additives in these industries.
- Growing awareness about the benefits of using functional additives among consumers is expected to boost the market growth during the forecast period.
- Technological advancements in production processes are projected to offer lucrative opportunities for market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Additives Market Research Report
By Type
Antistatic, Antioxidants, Anti-fog, Antimicrobial, UV Stabilizers, Others
By Application
Food and Beverages, Personal Care and Cosmetics, Pharmaceutical and Healthcare, Others
By Companies
AkzoNobel, DowDuPont, BASF, Sherwin-Williams, Clariant, Solvay, Addivant, SABO SpA, SONGWON, Milliken Chemical, AkzoNobel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Functional Additives Market Report Segments:
The global Functional Additives market is segmented on the basis of:
Types
Antistatic, Antioxidants, Anti-fog, Antimicrobial, UV Stabilizers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Personal Care and Cosmetics, Pharmaceutical and Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- DowDuPont
- BASF
- Sherwin-Williams
- Clariant
- Solvay
- Addivant
- SABO SpA
- SONGWON
- Milliken Chemical
- AkzoNobel
Highlights of The Functional Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Antistatic
- Antioxidants
- Anti-fog
- Antimicrobial
- UV Stabilizers
- Others
- By Application:
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceutical and Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Functional Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Functional additives are substances that are added to food or beverage products in order to improve their performance. These additives can help foods retain moisture, resist spoilage, and enhance flavor. Some functional additives also have anti-caking properties and can be used in baking powders and other food preparations.
Some of the major companies in the functional additives market are AkzoNobel, DowDuPont, BASF, Sherwin-Williams, Clariant, Solvay, Addivant, SABO SpA, SONGWON, Milliken Chemical, AkzoNobel.
The functional additives market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Functional Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Functional Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Functional Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Functional Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Functional Additives Market Size & Forecast, 2018-2028
4.5.1 Functional Additives Market Size and Y-o-Y Growth
4.5.2 Functional Additives Market Absolute $ Opportunity
Chapter 5 Global Functional Additives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Functional Additives Market Size Forecast by Type
5.2.1 Antistatic
5.2.2 Antioxidants
5.2.3 Anti-fog
5.2.4 Antimicrobial
5.2.5 UV Stabilizers
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Functional Additives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Functional Additives Market Size Forecast by Applications
6.2.1 Food and Beverages
6.2.2 Personal Care and Cosmetics
6.2.3 Pharmaceutical and Healthcare
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Functional Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Functional Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Functional Additives Analysis and Forecast
9.1 Introduction
9.2 North America Functional Additives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Functional Additives Market Size Forecast by Type
9.6.1 Antistatic
9.6.2 Antioxidants
9.6.3 Anti-fog
9.6.4 Antimicrobial
9.6.5 UV Stabilizers
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Functional Additives Market Size Forecast by Applications
9.10.1 Food and Beverages
9.10.2 Personal Care and Cosmetics
9.10.3 Pharmaceutical and Healthcare
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Functional Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Functional Additives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Functional Additives Market Size Forecast by Type
10.6.1 Antistatic
10.6.2 Antioxidants
10.6.3 Anti-fog
10.6.4 Antimicrobial
10.6.5 UV Stabilizers
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Functional Additives Market Size Forecast by Applications
10.10.1 Food and Beverages
10.10.2 Personal Care and Cosmetics
10.10.3 Pharmaceutical and Healthcare
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Functional Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Functional Additives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Functional Additives Market Size Forecast by Type
11.6.1 Antistatic
11.6.2 Antioxidants
11.6.3 Anti-fog
11.6.4 Antimicrobial
11.6.5 UV Stabilizers
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Functional Additives Market Size Forecast by Applications
11.10.1 Food and Beverages
11.10.2 Personal Care and Cosmetics
11.10.3 Pharmaceutical and Healthcare
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Functional Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Functional Additives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Functional Additives Market Size Forecast by Type
12.6.1 Antistatic
12.6.2 Antioxidants
12.6.3 Anti-fog
12.6.4 Antimicrobial
12.6.5 UV Stabilizers
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Functional Additives Market Size Forecast by Applications
12.10.1 Food and Beverages
12.10.2 Personal Care and Cosmetics
12.10.3 Pharmaceutical and Healthcare
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Functional Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Functional Additives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Functional Additives Market Size Forecast by Type
13.6.1 Antistatic
13.6.2 Antioxidants
13.6.3 Anti-fog
13.6.4 Antimicrobial
13.6.5 UV Stabilizers
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Functional Additives Market Size Forecast by Applications
13.10.1 Food and Beverages
13.10.2 Personal Care and Cosmetics
13.10.3 Pharmaceutical and Healthcare
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Functional Additives Market: Competitive Dashboard
14.2 Global Functional Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 DowDuPont
14.3.3 BASF
14.3.4 Sherwin-Williams
14.3.5 Clariant
14.3.6 Solvay
14.3.7 Addivant
14.3.8 SABO SpA
14.3.9 SONGWON
14.3.10 Milliken Chemical
14.3.11 AkzoNobel
