Global Food Preservatives Market-Growth, Trends and Forecast (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 171 | Published By - Mordor Intelligence

Report Highlights

Food preservative are the chemical or natural compounds that are used to increase the shelf life of the product. It is added to the product in small quantity as an additive and is identified by its INS or E numbers. Food preservatives are a growing segment in the food additives market as they are used to prevent spoilage and decomposition which takes place in food products due to microbial reactions. The Food preservatives market is expected to reach US $ 2.9 billion by 2020 with an estimated CAGR of 3.5%.

The preservatives market is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates. The increased demand of natural preservative in North America and Europe has triggered the demand of natural preservative market. Preservative increases the shelf life of the product and thus reduces the supply chain complexity for manufacturers. In addition being economically feasible than the other physical process for food preservation has increased its demand in food industry. However, the major constraint is the increased awareness on the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods. Companies are seeing this as an opportunity to innovate and provide solutions in the in the form of natural and functional ingredients.  The various functional properties of preservative has grown its demand in the wide application market.

Food preservatives are classified as natural and chemical preservatives, with chemical preservatives currently accounting for a large market share. Preservatives are used in foods such as oil & fat, bakery& Confectionary, Fruits and Vegetables, dairy & frozen products, meat, poultry & seafood, savory snacks, and beverages. Market segmentation on the basis of preservative function type includes antimicrobial, antioxidant and others such as chelating agent. Region wise, North America forms the largest segment, with US region dominating the market. The estimated CAGR for the North American region is 2.7%. This is followed by Asia pacific market which is the fastest growing segment due to growing preference for packaged and processed foods.  

The major players in the market are Brenntag, Purac Biochem, Cargill and Kerry group. The strategies used by companies is the increase in Research and Development expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference.

In this report we offer,  

Market Definition for the specified topicalong with,identification of key drivers and restraints for the market.

Market analysis for the Global Food Preservatives Market, with region specific assessments and competition analysis on a global and regional  scale.

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional  scale.

Extensively researched competitive landscape section with profiles of major companies along with their share of markets.  

Identification and analysis of the Macro and Micro factors that affect the Global Food Preservatives Market on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.  

Why should you buy this report?

For getting a comprehensive overview of the Global Food Preservatives  Market.

To gain wide ranging information about the major players in this industry and the strategies adopted by them.  

To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.

 

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