The global market for food and feed additive chemicals was estimated to be worth 26.5 billion dollars in 2023. These chemicals are crucial for enhancing the nutritional value, shelf life, and overall quality of food and animal feed products. By 2031, it is anticipated that this market value could grow to around 39.7 billion dollars.
Additional information on the specialty chemicals market can be found here.
Market value of food and feed additive chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031
(in billion U.S. dollars)
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Extrapolate. (February 29, 2024). Market value of food and feed additive chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 29, 2024, from https://www.statista.com/statistics/1479048/global-food-and-feed-additive-chemicals-market-value/
Extrapolate. "Market value of food and feed additive chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars)." Chart. February 29, 2024. Statista. Accessed December 29, 2024. https://www.statista.com/statistics/1479048/global-food-and-feed-additive-chemicals-market-value/
Extrapolate. (2024). Market value of food and feed additive chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 29, 2024. https://www.statista.com/statistics/1479048/global-food-and-feed-additive-chemicals-market-value/
Extrapolate. "Market Value of Food and Feed Additive Chemicals Worldwide from 2021 to 2023, with a Forecast from 2024 to 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Feb 2024, https://www.statista.com/statistics/1479048/global-food-and-feed-additive-chemicals-market-value/
Extrapolate, Market value of food and feed additive chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1479048/global-food-and-feed-additive-chemicals-market-value/ (last visited December 29, 2024)
Market value of food and feed additive chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars) [Graph], Extrapolate, February 29, 2024. [Online]. Available: https://www.statista.com/statistics/1479048/global-food-and-feed-additive-chemicals-market-value/
