According
to a recent market research report released by Transparency Market
Research, the global
food preservatives market is estimated to grow at a CAGR of 3.50%
during the period between 2014 and 2020. The report, titled “Food
Preservatives Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2014 - 2020”, assesses the valuation and size
of the global food preservatives market during the forecast horizon.
The overall market was worth US$2,000 mn in 2013 and is projected to
reach a valuation of US$2,560 mn by 2020.
The
report points out that the increasing demand for convenience food and
organic food products will drive the growth of the global food
preservatives market. Food preservatives are used to increase the
shelf life of the food products by inhibiting microbial growth on
them. Disease outbreaks have increased the need for food
preservatives. However, the report suggests that stringent government
regulations and intervention regarding the usage of food
preservatives will restrict the growth of the global food
preservatives market. Presence of various chemical compounds in food
preservatives has significantly increased the demand for natural food
preservatives. This will create new growth opportunities for the
overall market. It is also observed that the manufacturers are mixing
different types of preservatives to reduce cost.
On
the basis of product type, the report segments the global food
preservatives market into synthetic and natural food preservatives.
Though synthetic food preservatives account for the major share of
the market, increasing demand for natural preservatives will restrict
the growth of the synthetic food preservatives market. Manufacturers
are increasingly focusing on research and development activities
regarding natural preservatives as they are difficult to work with
and are less effective than the synthetic preservatives.
Request
a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=125
In
terms of application, the report categorizes the global food
preservatives market into bakery products, beverages, meat, poultry,
and seafood products, dairy and milk products, and others. Currently,
the usage of preservatives in beverages, bakery and dairy products,
and meat and poultry products has become the accepted method to
resolve quality issues across the global food industry. The report
studies the global food preservatives market across four key regions:
Europe, North America, Asia Pacific, and Rest of the World. In 2013,
North America dominated the overall food preservatives market,
closely trailed by Asia Pacific. The food preservatives market in
North America was worth US$729.8 million in 2013 and is expected to
hit US$921.6 million by 2020. In Asia Pacific, the demand for food
preservatives is significantly high in countries such as China, South
Korea, and Australia. The report estimates that during the forecast
horizon, the demand for food preservatives in Rest of the World will
be particularly high and the market in the region will develop at a
CAGR of 4.0%.
The
report profiles some of the key players operating in the global food
preservatives market such as Cargill Incorporated, BASF SE, Celanese
Corporation, Corbion N.V., Chr. Hansen A/s, Kerry Group, Du Pont, and
The Archer Daniels Midland Company. The report offers insightful
information about the key players such as financial overview,
business strategy, and recent developments.
No comments:
Post a Comment