Wood-derived food additives market will achieve a positive CAGR

Fort Collins, Colorado, April 23, 2024 (GLOBE NEWSWIRE) —

Various applications of wood-derived food additives are driving the growth of the industry.

The market for wood-based food additives includes a variety of products extracted from wood, used in the food industry to improve taste, texture and shelf life. Common additives derived from wood include cellulose, lignin, xylose and vanillin. Cellulose is a thickener, stabilizer and emulsifier, while lignin is a preservative and antioxidant. These additives are used in various food categories, including bakery products, dairy products, beverages, confectionery and processed foods.

Demand for wood-based food additives is rising, driven by increasing consumer preference for natural and clean-label ingredients, in addition to the growing popularity of processed and ready-to-eat foods. Wood-derived additives are often preferred for their perceived sustainability and environmental friendliness compared to synthetic counterparts, as they come from renewable sources and can be produced using environmentally conscious methods. Consequently, the wood-derived food additives market is poised for further growth in the near future, supported by escalating consumer demand for natural and sustainable elements in their food choices.

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Segmentation overview:

The wood-derived food additives market is segmented by product type, function, application and region.

Vanillin accounted for a significant market share in 2023.

• The market is segmented by product type into vanillin, fibrillated cellulose, xylan, lignin and others. Vanillin holds a substantial share in the product type segment of the wood-derived food additives market. It is a commonly used flavoring in the food and beverage industry, especially in baked goods, confectionery and dairy products. Its popularity can be attributed to its natural origins, versatility and consumer preference for natural and herbal ingredients.

Bakery and confectionery have seen tremendous growth in the past and will continue to dominate in the coming years.

• Based on application, the market segmentation includes bakery and confectionery, beverages, dairy and frozen desserts and online. The bakery and confectionery segment holds a significant share of the application segment of the wood-based food additives market. Wood-derived food additives, such as cellulose derivatives and vegetable gums, are widely used in bakery and confectionery products due to their thickening, stabilizing and emulsifying properties, which contribute to improved texture and shelf life.

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Highlights of the Wood Derived Food Additives Market Report:

• The market growth of wood-derived food additives is expected to be approximately 2.5 years CAGR of 4.7% through 2032.

• North America is a leading player in the global market and is expected to maintain an important position in the coming years. The adoption of clean-label products is a major trend being observed.

• Some prominent players in the wood-derived food additives market report include DuPont, Cargill, Kerry Group, Tate & Lyle, Ingredion, ADM, Roquette Frères, Ashland Global Holdings, CP Kelco, Foodchem International Corporation, Lonza Group, Corbion, and others.

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About DataHorizzon research:

DataHorizzon is a market research and consulting firm that helps organizations around the world formulate growth strategies for changing business dynamics. The offering includes enterprise advisory services and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term sustainable trends in the market facilitates complex decisions for organizations.

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