The global food
preservatives market is expected to reach USD 3.2 billion by 2025,
according to a new report by Grand View Research, Inc. Fast-paced working
lifestyle of consumers in North America and Asia Pacific has led to increased
demand for ready-to-eat food. As a result, to prevent food spoilage and
increase their shelf life, demand for food preservatives has increased.
Food preservation is a traditional method used to
store and keep food safe from contaminants for longer duration. With time,
preservation methods have evolved from culinary salt and sugar to chemical
types. Globalization has led to increased demand for synthetic preservatives.
Usage of preservatives in various applications such as processed meat, bakery,
and dairy is expected to foresee a substantial growth over the forecast period.
Food preservatives are categorized into two types:
natural and synthetic. Natural types include rosemary extracts, vinegar, and
natamycin whereas propionates, benzoates, and sorbates are the most preferred
synthetic variants. Ill effects associated with synthetic preservatives,
coupled with growing health consciousness among consumers, is driving demand
for natural preservatives.
Functionally, anti-microbial preservatives are
estimated to dominate the market in terms of revenue owing to an increased
demand for anti-microbial agents in the processed meat and beverage industries.
Browse full research report on Food Preservatives Market: https://www.grandviewresearch.com/industry-analysis/food-preservatives-market
Further
key findings from the report suggest:
- Asia Pacific is expected to witness fastest growth with a CAGR of
5.0% over the forecast period owing to factors such as increase in
population, consumer willingness to pay premium price for organic
products, and consumer preference for ready-to-eat meals
- North America was the largest regional market in terms of revenue
in 2016 and is estimated to be valued at USD 1.04 billion by 2025. Players
such as Bavaria Corporation International, Biosecur Lab, Inc.; Prinova
Group, LLC, Kalsec, Inc.; and DowDuPont, Inc. operate in North America and
provide natural as well as chemical preservatives
- Asia Pacific is the most attractive market for manufacturers owing
to significant growth in application sectors such as bakery, beverages,
confectionery, processed meat, poultry, and seafood. This region is also
expected to exhibit the fastest growth rate over the forecast period
- The U.S. food preservatives market was valued at USD 350.30 million
in 2016 and is estimated to reach USD 455.78 million by 2025.
Manufacturers in this region are shifting from synthetic to natural types
of preservatives
- Key players such as Galactic S.A.; Kemin Industries, Inc.; and
Prinova Group, LLC have made a successful entry in the market whereas
manufacturers such as Royal DSM N.V.; Akzo Nobel N.V.; BASF SE; Celanese
Corporation; and Cargill Inc. have a prominent and established presence in
the global market.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/food-safety-and-processing
Grand
View Research has segmented the global food preservatives market on the basis
of type, function, application, and region.
Type
Outlook (Revenue, USD Million, 2014 - 2025)
- Natural
- Edible Oil
- Rosemary
Extracts
- Natamycin
- Vinegar
- Others
- Synthetic
- Propionates
- Sorbates
- Benzoates
- Others
Function
Outlook (Revenue, USD Million, 2014 - 2025)
- Anti-microbial
- Anti-oxidant
- Others
Application
Outlook (Revenue, USD Million, 2014 - 2025)
- Meat &
Poultry Products
- Bakery
Products
- Dairy
Products
- Beverages
- Snacks
- Others
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- India
- Australia
- Central &
South America
- Brazil
- Middle East
& Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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