Transparency
Market Research has published a new market report titled “Food
Preservatives Market Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2014 - 2020.” According to the report, the
global
food preservatives market is valued at USD 2,000 million in 2013
and is estimated to reach USD 2,560 million in 2020, growing at a
CAGR of 3.5% from 2014 to 2020. Among different regions the RoW
market is expected to grow at the highest CAGR of 4.0% over the
forecast period. In terms of revenue North America held the largest
market size of USD 729.8 million in 2013 and is expected to reach USD
921.6 million by 2020.
Preservatives
are added to food products to prevent decomposition and unwanted
bacterial growth. Currently, using preservatives in bakery and dairy
products, beverages, meat and poultr has become the accepted method
to resolve quality issues of the food industry worldwide. Food
preservatives
are used to keep food products safe for a long duration of time. Food
preservatives can be categorized into two major segments - natural
and synthetic. Preservatives included under synthetic food
preservatives are benzoic acid, sorbic acid, lactic
acid, and propionic acid among others. Busy lifestyles and increasing
number of working people is fueling the demand for processed food.
With the current market trend, manufacturers are using preservatives
for maintaining the quality and standard of food for long durations.
Rising concerns for health hazards is increasing the demand for food
preservatives globally.
The
major factors driving the growth of the food preservatives market are
increasing demand for processed foods, increasing health concerns
among public and increasing demand for organic food items globally.
Additionally, The rise in the number of food borne diseases is
driving the growth of the food preservatives market as preservatives
are needed to maintain the overall quality of the product and to
increase shelf life. However, stringent government regulations across
different countries are currently inhibiting the global food
preservatives market.
The
global food preservatives market has been segmented on the basis of
product types into natural and synthetic food preservatives.
Synthetic food preservatives dominated the market accounting for more
than 85% of the total market in 2013 and are expected to continue its
dominance throughout the forecast period. The market has also been
segmented on the basis of function segment into antimicrobial,
antioxidants and others. The antimicrobial segment accounted for the
maximum market share covering more than 50% of the total food
preservatives market in 2013, followed by antioxidants which
accounted for less than 40% in 2013. The market has been further
segmented on the basis of applications into bakery, beverages, dairy
and milk products, meat and poultry and others. The meat and poultry
segment accounted for the largest market share in 2013, followed by
the beverages segment.
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Based
on geography, the market has been segmented into North America,
Europe, Asia Pacific and Rest of the World (RoW). North America held
the largest market share in 2013, accounting for more than 35% of the
total food preservatives market and is expected to continue its
dominance throughout the forecast period. Increasing use of food
preservatives in order to prevent spoilage is the key factor driving
the demand for food preservatives in this region. Meat, poultry and
seafood accounted for the largest market share in the food
preservatives market in North America in 2013, followed by the
beverages segment. Both the segments are expected to retain their
respective positions in the market throughout the forecast period.
Asia
Pacific held the second largest market share, accounting for more
than 30% of the global food preservatives market in 2013 and is
expected to retain its position in the market throughout the forecast
period. Rising demand and trade of food products across the world is
driving the demand for food preservatives market in Asia Pacific.
Additionally, increasing demand for bakery products, meat and dairy
products and beverages are fuelling the demand for the food
preservatives market in Asia Pacific. Further, the shift in the
preference of the consumers in terms of feeding habits has also shown
a positive impact on the food preservatives market in Asia Pacific.
Australia was the largest market for food preservatives in Asia
Pacific in 2013 and is expected to retain its dominance throughout
the forecast period.
Europe
was the third largest market for food preservatives in 2013 and is
expected to maintain its position throughout the forecast period. The
increasing demand for processed food among the consumers is primarily
fuelling the demand for the food preservatives market in Europe.
Additionally, consumer demand for high premium quality food is also
driving the demand for food preservatives in Europe.
Rest
of the World is inclusive of Middle East, Latin America and Africa.
This segment held the lowest market share of just above 15% of the
global food preservatives market in 2013. However, the demand for
this market in RoW is expected to maintain a gradual growth
throughout the forecast period. Increasing demand for canned and
processed food in Latin America is one of the key factors driving the
demand for food preservatives at present. Additionally, rising demand
for beverages, meat and baked products in the Middle East is another
key factor driving the demand for food preservatives in this region.
The
global food preservatives market is marked by some intense
competition from some the major players operating in this market.
Major players like BASF SE, Cargill Incorporated, Celanese
Corporation, Chr Hansen A/S among others are expected to capture the
attention of consumers due to their cost effectiveness vis-à-vis
branded products.
The
Food Preservatives Market has been segmented as follows:
Global
Food Preservatives Market by Product Type
Product
types covered under this research study are:
- Natural Preservatives
- Synthetic Preservatives
Global
Food Preservatives Market by Function
Functional
types covered under this research study are
- 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
Contact
Mr.
Sudip.S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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