Food Preservatives Market Research Report, Share, and Forecast to 2025Posted by rekha on November 22nd, 2019
“The Global Food Preservatives Market was valued around US$ 3.1 Bn by 2018 and growing at a significant CAGR of 4.2% over next seven years 2019-2025 due to increase in demand for food products with extended shelf life” The global food preservatives market accounted for US$ 3.1 Bn in 2018 and burgeoning over the forthcoming years. Some of the key factors influencing the market growth include growth in demand for convenience foods, increase in demand for food products with extended shelf life, demand for combined application of synthetic preservatives,increase in use of natural preservatives on meat and poultry in developed countries, changing food consumption habit along with growing population and rapid urbanization along with high consumer disposable income. However, demand for organic food products and health hazards of chemical preservatives are hampering the market growth. Global food preservatives market segmented on the basis of type, source, application and region. Request for sample report @ https://www.precisionbusinessinsights.com/request-sample?product_id=17250 Benzoate dominate the Global Food Preservatives Market Based on type, global food preservatives market is segmented intobenzoates, sorbates, nitrates, sulphites, vitamin E&C, polyphosphates, disodium EDTA and others. Whey ingredients held considerable market growth during estimated period. Benzoate is a preservative added to some sodas, packaged foods, and personal care products to prolong shelf life.Benzoate is best known as a preservative used in processed foods and beverages to extend shelf life, though it has several other uses.Benzoate is also occurs naturally in fruits like apples, cranberries and plums. Cloves and cinnamons also have a certain amount of sodium benzoate content in them. Although sodium benzoate is found in certain foods and spices naturally, it does not play the role of a preservative for the foods that it is found in. North America Leads the Global Food Preservatives market
PBI’s global food preservatives market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.North America accounted for larger revenue share in global food preservatives market with considerable CAGR due to increasing demand for convenience food products and increased availability of processed foods and increase in the demand for processed feed with extended shelf life. U.S growth in the major contributor for the market growth in the region. Asia Pacific held substantial market share during estimated period owing to increasing working population and consumer preference for ready-to-eat products.
Strategic New Launches are the Key Strategies Adopted by Market Players
Global food preservatives market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In 2017 January, Arjuna Natural Extracts Ltd. launched X-tend a natural formulation specific preservative used to increase the shelf life of the frozen meat products. Key player’s profiles in the report are Danisco A/S (Denmark), Akzo Nobel N.V. (Netherlands), Cargill, Incorporated (U.S.), DSM (Netherlands). Univar Inc. (U.S.), Tate & Lyle (U.K.), Brenntag Solutions Group, Inc. (Germany), Kemin Industries, Inc. (U.S.), Hawkins Watts Limited (New Zealand) and Galactic (Belgium). Precision Business Insights (PBI) in its report titled “Global Food Preservatives Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market. Detailed Segmentation
By Type o Benzoates o Sorbates o Nitrates o Sulphites o Vitamin E&C o Polyphosphates o Disodium EDTA o Others By Source o Chemicals o Microorganisms o Plants By Application o Bakery o Beverages o Oils and fats o Dairy products o Seafood, poultry and meat industry o Snacks o Confectionery o Others By Geography o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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