Food Preservatives Market Size 2019 | Global Industry Research Study including Growth Factors, Share, Emerging Technologies, Key Player and Opportunities by Forecast 2023

Food Preservatives Market Size 2019 | Global Industry Research Study including Growth Factors, Share, Emerging Technologies, Key Player and Opportunities by Forecast 2023

“\”Global Food preservatives Market Research Report – Forecast to 2023\””
“Food Preservatives Market Size is projected to reach USD 3315.5 million at a CAGR of 3.80%, Global Food Preservatives Industry Analysis by Type, Function and Application”

Market Analysis

The Global Food Preservatives Market is touted to touch USD 3315.5 million at an impressive 3.80% CAGR during the predicted years (2018-2023). Food preservatives simply put are products that are used during food processing for avoiding spoilage and increasing stability. Preservatives are available in different varieties but not all are utilized at the time of processing. Some are also added in minimal quantities in some forms of foods post processing resting on the requirement. Generally, spices, sugar and salts are utilized for preserving meat as well as other foods. One of the best advantages of using food preservatives is that it helps in preventing the microorganisms to multiply, thus delaying or inhibiting spoilage. Today food preservatives have a wide application including frozen food products, confectionery products namely natural food colors, dairy products, oils and fats, beverages, seafood, poultry, meat products and baking products namely various forms of baking ingredients.

There are many factors that is driving the growth of the Food Preservatives Market. Some of these factors as per the Market Research Future (MRFR) report include increase in consumer affordability, willingness to invest in products having premium prices, increase in the number of consumers looking for high-quality and fresh edibles, increase in exports and imports, change in people’s lifestyle and increasing popularity of convenience products and packaged goods. On the contrary, factors such as health hazards related to food preservatives, growing health concerns concerning the safety of the food additives, rising price of natural preservatives as well as stringent government regulations may hamper the growth of the food preservatives market.

 Key Findings:

  • Global food preservatives market is projected to reach USD 3315.5 million by 2023 at a growth rate of 3.80%
  • Natural food preservative is witnessed to have the highest growth rate with CAGR of 4.29% over the forecast period 2017-2023
  • Natural food preservative is expected to grow at a CAGR of 4.92% in Asia Pacific region followed by Europe over the forecast period.
  • Application of food preservative in dairy & frozen desserts is witnessed to be the fastest growing segment over the forecast period

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Target Audience:

  • Food preservatives manufacturers
  • Raw material suppliers
  • Food and beverage industry
  • Retailers and wholesalers
  • E-commerce industry
  • Traders, importers, and exporters

Competitive Analysis

The global food preservatives market is competitive and moderately fragmented. It is mergers that form a vital part for leading players in the market. Growing demand for natural products owing to health issues has led a couple of foods preservative manufacturers to make investments in the business for offering superior quality products and accelerating the demand for food preservatives. They are also working on new technologies that will reduce the cost of production and improve the feed product along with its quality.

Key Players

Leading players profiled in the food preservatives market include-

  • Cognis (Germany)
  • Jungbunzlauer Ag (Switzerland)
  • Corbion Purac (the Netherlands)
  • Archer Daniel Midland (U.S.)
  • Kerry Group (Ireland)
  • Albemarle Corporation (U.S.)
  • Hawkins Watts Limited (New Zealand)
  • Danisco A/S (Denmark)
  • Tate & Lyle PLC (U.K)
  • LLC (U.S.)
  • Prinova Group, Celanese Corp. (U.S.)
  • Brenntag Inc (U.S.)
  • Chr. Hansen A S (Denmark)
  • Galactic S.A. (Belgium)
  • Akzo Nobel N.V. (the Netherlands)
  • Kemin Industries, Inc. (U.S.)
  • Univar Inc. (U.S.)
  • Royal DSM (the Netherlands)
  • DuPont (U.S.)
  • BASF (Germany)
  • Incorporated (U.S.)

Market Segmentation

Market Research Future report offers an all-inclusive segmental analysis of the food preservatives market on the basis of Type, Function and Application.

Based on Type                 

  • Nitrates
  • Sorbates
  • Propionates
  • Benzoates
  • Natural
  • Synthetic

Based on Function          

  • Antimicrobials
  • Antioxidants

Based on Application     

  • Dairy
  • Beverages
  • Bakery
  • Confectionery

Based on Region

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

Industry Updates:

Aug 2018- Scientists at NTU (Nanyang Technological University), Singapore have come up with a food preservative that is plant based and is highly effective compared to artificial preservatives. It contains organic preservatives which are the naturally occurring flavonoids, an assorted group of photonutrients that is found in every vegetable and fruit. The NTU scientists have made flavonoids that has strong antioxidant and antimicrobial characteristics, the two chief traits of preservatives which extend the freshness of food and inhibit the growth of bacteria.

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1  Executive Summary

2  Introduction

3  Market Dynamics

4  Global Food preservatives Market By Type

5  Global Food preservatives Market By Function

6  Global Food preservatives Market By Application

7  Global Food preservatives Market by Region

8  Competitive Landscape

To be Continue …………..

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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