Food preservatives Market- Key Players
Some of the striking players in the global food preservatives market include-
- Univar Inc. (U.S.)
- Akzo Nobel N.V. (the Netherlands)
- Kemin Industries, Inc. (U.S.)
- Galactic S.A. (Belgium)
- Brenntag Inc (U.S.)
- Chr. Hansen A S (Denmark)
- Celanese Corp. (U.S.)
- Tate & Lyle PLC (U.K)
- Prinova Group, LLC (U.S.)
- Danisco A/S (Denmark)
- Albemarle Corporation (U.S.)
- Jungbunzlauer Ag (Switzerland)
- Cognis (Germany)
- Hawkins Watts Limited (New Zealand)
- Kerry Group (Ireland)
- Corbion Purac (the Netherlands)
- Archer Daniel Midland (U.S.)
- Cargill Incorporated (U.S.)
- BASF (Germany)
- Royal DSM (the Netherlands)
- DuPont (U.S.)
April 2019: Nisilactin Plus is a new natural preservative range which is demonstrating extraordinary results in fresh food security and shelf-life stability. Nisilactin Plus acts as an excellent antimicrobial food preservative which has doubled the shelf-life of fresh meat products. This natural preservative is developed by Ingredient Trading Company (ITC), along with Natalactin Plus, which is also a natural preservative with the ability to replace chemical preservatives.
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TABLE OF CONTENTS
1 Executive Summary
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
9 Company Profiles
The global food preservatives market is segmented by MRFR on the basis of type, function, application, and region.
Based on Type, the global preservative food additives market is segmented into synthetic, benzoates, natural, sorbates, nitrates, and propionates. Among these, the synthetic segment is observed to dominate the food preservatives market, holding a 67.09% market share during the forecast period.
Based on Function, the food preservatives market is segmented into antioxidants and antimicrobials. Among these, the antimicrobial segment is likely to spearhead the global food preservatives market with a market share of 57.06% during the forecast period. Due to a high need for the prevention from microbial spoilage of food products, the demand for food preservatives with antimicrobial function is at its peak. Sorbic acid is a common preservative with an antimicrobial function. The antioxidant segment, on the other hand, is anticipated to grow at the fastest rate, expanding at 4.09% CAGR through the assessment period. A growing need to reduce the contact of the food products with the external environment and to avoid enzymatic food spoilage is the primary contributor to the surging demand for antioxidant-based food preservatives in the forthcoming years.
Based on Application, the food preservatives market is studied for the segments of beverages, dairy & frozen dessert, bakery & confectionery, and dairy. Among these segments, the bakery & confectionery segment is assessed to dominate the global food preservatives market with a market share of 27.64% at the beginning of the forecast period. Alternatively, the dairy and frozen dessert segment is likely to upscale at the fastest rate during the review period. The dairy and frozen dessert segment is projected to register a CAGR of 4.63% owing to the increasing disposable income and the growing dairy industry during the conjectured time period.
Food preservatives are chemicals added to foods and beverages to prevent or delay the decomposition caused due to microbial growth or by unwanted chemical changes. Food preservatives prevent the growth of microorganisms such as yeasts or bacteria as well as slows the oxidation of fats that cause rancidity. The global food preservatives market is assessed to grow at a moderate rate of 3.80% during the forecast period, conferring to the latest report published by Market Research Future (MRFR).
Many factors are promoting growth in the food preservatives market, including the extensive use of food preservatives in the food and beverages sector owing to the characteristics they can bring to edible items. The rising adoption of packaged goods and convenience products has fueled the augmentation of the global food preservatives market. Collective complexities of the food supply chain are significantly driving the food preservatives market. Moreover, mounting demand for ready-to-eat food products which require a minimum time to cook and eat is also causative to the ascension of the global food preservatives market.
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Detailed Regional Analysis
The Global Food Preservatives Market is likely to garner a valuation of USD 3315.5 Mn by 2023. The global food preservatives market is regionally segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is projected to retain its domination over the food preservatives market through the assessment period. North America is expected to hold a 36.10% share of the food preservatives market. On the other hand, Asia Pacific is expected to grow at the fastest pace, registering a 4.53% CAGR between 2017-2023.
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