The
global
food preservatives market was valued at US$2 bn in 2013.
Exhibiting a CAGR of 3.50% within a forecast period of 2014 to 2020,
this market is expected to reach US$2.5 bn by the end of 2020. This
data is elaborated upon within a research report released by
Transparency Market Research. The report, titled “Food
Preservatives Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2014 - 2020,” showcases the key factors that
can influence this market in the near future.
According
to the report, the global food preservatives market is primarily
driven by an increase in demand for two core segments of the food and
beverages industry. The first is an increasing demand for convenience
foods, which is driven by changing lifestyles. Another driver for the
global food preservatives market is the rapidly increasing demand for
organic food products, which require a different set of
preservatives.
The
global food preservatives market is also bolstered by the growing
need for increasing the shelf life of perishable foods as well as
preventing an outbreak of diseases. Preservatives act by inhibiting
the growth of bacteria and other microorganisms in food, thereby
helping prevent the spread of harmful bacteria.
However,
the global food preservatives market could be hampered by the
increasing pressure of adhering to stringent government regulations.
An increasing list of chemicals and compounds are being controlled
for their tendency to disturb a consumer’s physical well-being.
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The
report divides the global food preservatives market is terms of
applications, product type, and regions.In terms of product types,
the global food preservatives market was led by synthetic food
preservatives in 2013. However, due to high demand for natural
preservatives and a growing aversion to synthetic ones, companies are
putting more research and development efforts towards the former.
Although the segment of natural food preservatives is growing, it
faces the problems of maintaining a shorter shelf life along with
having a lower rate of effectiveness on foods.
Geographically,
the global food preservatives market was led by North America in
2013, owing to a high consumption of food products. The North America
food preservatives market is expected to reach US$921.6 mn before the
end of 2020.North America is very closely followed by Asia Pacific in
the global food preservatives market, owing to a rapid increase in
demand for food in the nations of Australia, South Korea, and China.
The
common types of preservatives currently in use are lactic acid,
propionic acid, benzoic acid, and sorbic acid.The key players in the
global food preservatives market are The Archer Daniels Midland
Company, Koninklijke DSM N.V., Kerry Group, JEY'S F.I. INC., DuPont,
Corbion N.V., Chr. Hansen A/S, Celanese Corporation, Cargill, Inc.,
and BASF SE.
Key
segments of the Global Food Preservatives Market
Global
Food Preservatives Market by Product Type
- Natural Preservatives
- Synthetic Preservatives
Global
Food Preservatives Market by Function
- Antimicrobial
- Antioxidants
Global
Food Preservatives Market by Application
- Dairy and milk products
- Meat, poultry and sea food products
- Bakery products
- Beverages products
- Other products
Global
Food Preservatives Market by Geography
- North America
- Europe
- Asia Pacific
- RoW
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