The Global Food Preservatives Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Food Preservatives Market is estimated to be $3.15 USD billion and predicted to rise to $ 3.69 USD billion with a CAGR of 3.2%. The market is segmented by Type (Natural, Synthetic), by Function (Antimicrobials, Antioxidants, Chelating and enzyme inhibitors) by Application (Beverages, Oils & fats, Bakery, Dairy & frozen products, Snacks, Meat, poultry, & seafood products, Confectionery, Other applications). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market for Food Preservatives is mainly increasing due to increasing awareness about the benefits of Food Preservatives, along with an increasing health consciousness. Also, the demand for Food Preservatives is increasing due to its bacterial activity killing and extension of shelf-life. These factors are driving the market for Food Preservatives globally. Though, high costs of Food Preservatives, ill-effects of chemical preservatives and stringent regulations by Food Administration bodies might constrain the market growth.
Global market for food preservatives are segmented into Type, Function and Application. Each of these segments are further sub segmented as follows Type: Natural and Synthetic; Function: Antimicrobials, Antioxidants, Chelating and enzyme inhibitors; Application: Beverages, Oils & fats, Bakery, Dairy & frozen products, Snacks, Meat, poultry, & seafood products, Confectionery, Other applications. Benzoic acid and Sodium benzoate are the most preferred preservatives, followed by sorbates. Sea food products, processed meat and poultry consume the major share of global food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically Global market for food preservatives is segmented into North America, Asia Pacific, Europe, Latin America, and Middle-East and Africa. Global food preservatives market is dominated by North America with a share of **%, while the Asia-Pacific region is growing at the highest CAGR. The Asia-Pacific market is growing extremely as there is a great potential for emerging markets in this regions, with global companies entering into the markets.
Major companies are partnering with diverse set of suppliers to boost their markets. BASF SE, Cargill Incorporated, Celanese Corporation are the major players in the Global market. Other important companies include Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V., DuPont and JEY’S F.I. Inc.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-food-preservatives-market-532/” and checkout our recent reports in the Food Additives category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/food-additives-9/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.