Feed Preservatives Market Forecast To 2025Posted by Prashanth on March 11th, 2020 Market Overview: Food Preservatives Market was valued at ,271 million in 2020 and is projected to reach ,714 million by 2025, growing at a CAGR of 2.6% from 2020 to 2025. Asia-Pacific is one of the prominent consumers of food preservatives, accounting for nearly one-third of the total market in 2016. Preservatives are used in a wide range of products, such as bakery, confectionery, snacks, meat, seafood, poultry, and others to reduce oxidation, prevent food spoilage, and inhibit microbial growth. The types of preservatives include antimicrobials, antioxidants, chelating agents, and others. Many regulations are imposed on the use of food preservatives by regulatory bodies. FDA has regulated the concentration range of preservatives to be added in food products and has also banned the use of chemicals that are harmful to human health. Market drivers and restraints: Factors that drive the growth of the global food preservatives market are the change in the lifestyle of people and different consumer trends toward the use of ready-to-eat food products. The food & beverage processing industry has influenced the food preservatives market to a large extent. Besides, growth in bakery, confectionery, meat, and poultry applications is expected to fuel the demand for food preservatives in the near future. However, stringent regulations about the use of chemical preservatives in many regions and rise in awareness among consumers toward the use of these additives are expected to hamper the growth of the market in the near future. Report segmented as: By Product:
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Geographical analysis: Based on geography, Europe has been dominating the market for Feed Preservatives, followed by North America and the Asia Pacific. The Asia Pacific is predicted to have the highest growth compared to others in the forecast period. Important market players: The major companies profiled in the report include Danisco A/S, Akzo Nobel N.V., Kemin Industries, Inc., Cargill, Incorporated, Hawkins Watts Limited, Celanese Corporation, Univar Inc., and Koninklijke DSM N.V. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |