Some of the key players in the Global Organic Food Preservatives Market are
- Cargill, Incorporated (U.S.)
- DuPont Nutrition & Health (Denmark)
- Tate & Lyle (U.K.)
- Univar Inc. (U.S.)
- Akzo Nobel N.V. (Netherlands)
- Kemin Industries, Inc. (U.S.)
- Hawkins Watts Limited (Australia)
The demand for organic food preservatives has pushed manufacturers to innovate and develop the new product lines, which are better in taste and offers various health benefits.
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The global organic food preservatives market is growing due to rising consumer awareness and their increasing interest in healthy lifestyle, thus, increasing the demand for organic food preservatives. In addition to the changing lifestyle, the growing demand for natural and dietary food, beverages, confectionery, and others is expected to drive the growth of organic food preservatives market. This market is projected to propel the increasing awareness regarding available health benefits such as prevention from diseases including food-borne illness, low oxidation in the body, and others. Major market infiltration is leading to the introduction of new products based out of organic food preservatives and their retail across various regions. The market players are responding to these new opportunities by expanding their service offerings and product lines, which has fueled up the share of organic food preservatives in the global market. High nutritional benefits obtained from organic food preservatives are also supporting the sale of organic food preservatives globally. Additionally, the augmentation of the product development together with research advancements are other significant reasons for the increasing growth of organic food preservatives market. Hence, along with changing consumer preferences, the growth of global organic food preservatives market is estimated to increase significantly during the forecast period of 2017-2023.
A preservative is a substance or a chemical that is added to products such as food, beverages, pharmaceutical drugs, paints, biological samples, cosmetics, wood etc. to prevent decomposition by microbial growth or by undesirable chemical changes. Organic food preservatives is a better alternative to normal food preservatives as it contains nutrients such as minerals, vitamins, phytonutrients, and others which makes them absolutely safe for consumption. These are used in both raw as well as cooked food to increase the shelf life of food so that aroma, taste and the food itself can be stored for a longer period of time. These preservatives naturally employ the process of osmosis to kill microorganisms thereby these products are regarded as safe and economical. It does not alter the color of the food and gives it the required flavor. Organic food preservatives can also help ensure health by decreasing the risk of food-borne illness caused by microorganisms in food, and by lowering oxidation in the body, which may occur as a result of oxidized foods ingredients. Nutritional attributes and increasing health awareness are expected to remain the key growth drivers of the organic food preservatives market for the forecasted period.
Downstream Market Analysis
Globalization and urbanization are the two major driving factors of this market. Furthermore, the popularity of organic food preservatives and involvement of nutritional attributes are also encouraging the growth of organic food preservatives market. Rising demand for organic products is expected to play a significant role in the growth of the global organic food preservatives market during the forecast period. Additionally, the augmentation of the product development together with research advancements are other significant reasons for the increasing growth of the organic food preservatives market from 2017-2023.
The global organic food preservatives market is regionally segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, Asia Pacific region accounts for the major market share owing to rapid increase in demand for food followed by North America. Organic food preservatives market is growing rapidly in this region as the high demand for organic foods has implications on the preservative categories required to maintain freshness in products. There is growing demand for dietary products, nutritious food and beverages as well as due to health benefits of these organic preservatives in this region. Changing consumer preferences for natural, dietary, and healthy products will support the use of organic food preservatives products in Asia Pacific region over the forecast period. Growing demand for food and beverages in North America will drive the growth of the market in this region in the forecasting period. However, Asia Pacific region is estimated to witness maximum growth in the global organic food preservatives market over the forecast period 2017-2023.
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