Synthetic Foods Market Size, Share, And Growth Report 2032

Synthetic Foods Market: Size

The global Synthetic Foods market size was worth around USD 16.29 billion in 2023 and is predicted to grow to around USD 32.44 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.1% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Synthetic Foods market on a global and regional level.

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Synthetic Foods Market: Overview

Synthetic food is based on non-conventional as well as conventional plant & animal sources. For instance, the sources include sunflower seeds, oil cake, green vegetables, soybeans, sesame, casein, and marine sources. The food is produced with the assistance of biotech methods through a number of nutritive materials like proteins, fats, and vitamins. These foods have similar color, appearance, nutritive value, and appearance. In addition to this, some of the synthetic food items are ice-creams, bread, milk, and cereals.

Synthetic Foods Market: Growth Drivers

The growing population across the globe has resulted in a surge in the demand for synthetic food products. This, in turn, has prompted the expansion of the synthetic foods industry over the assessment period. Escalating acceptance of ready-to-eat food items, the surge in synthetic food intake, and humungous demand for packaged & processed food will create new growth avenues for the synthetic foods market over the projected timeline. Rapidly altering lifestyles along with the presence of many restaurant chains have played a pivotal role in influencing the growth of the synthetic foods market in the years. Nonetheless, strict legislation concerning food safety and growing concerns pertaining to the intake of synthetic food items will put brakes on the growth of the synthetic foods industry over the forecast period.

Furthermore, a surge in the consumption of convenience foods due to surging per capita income and the necessity for reducing the demand-supply gap for nutritive food will translate into humungous growth of the synthetic foods industry over the projected timeframe.

Synthetic Foods Market: Report Scope

Synthetic Foods Market: Regional Analysis

Asia Pacific Market To Record Commendable Growth Over 2024-2032

The expansion of the synthetic foods industry in the Asia Pacific over the forecast timespan is due to the massive shift witnessed in the food consumption habits of Indian consumers in recent years. In addition to this, large-scale intake of processed meat and other dairy items is expected to steer the surge of the synthetic foods market in the subcontinent over the ensuing years. In addition to this, China is likely to majorly contribute to the overall synthetic foods industry revenue over the years to come.

Synthetic Foods Market: Competitive Players

Key participants profiled in the study include:

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

The global synthetic foods market is segmented as follows:

By Type:

• Antioxidants
• Synthetic Color
• Hydrocolloids
• Enzymes

By Application:

• Bakery & Confectionery
• Beverages
• Flavor & Fragrances
• Fats & Oils

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa