Food
preservatives are ingredients, which are added with the end food item
to prevent food spoilage due to microbial growth or by chemical
changes. In general preservation is done in two ways; natural
preservation with the help of natural food preservatives, and
chemical preservation with the help of synthetic or chemical food
preservatives. Most food items contain enzymes, alcohols and acids
which make the food item to lose its characteristics over time. In
addition, some environmental factors including heat also effects the
food items and helps microorganism to grow. With the help of food
preservatives, both natural and synthetic, the food manufacturers
makes the food item to sustain its desirable characteristics and can
improve the shelf life. The food
preservatives market has experienced diversified trends across
different region such as North America, Europe, Asia Pacific and RoW.
Food
preservatives are used across different processed and convenience
food products including snacks, processed meat and fish, and cakes
among others to prevent microbial and bacterial spoilage. The
increasing demand for these food products is expected to drive the
food preservatives market. Busy lifestyles and changing eating
patterns are driving the growth of convenience food products and this
in turn is driving the growth of the food preservatives market.
Increasing demand for organic food items is also driving the food
preservatives market. Food preservatives are being added to the
finished product to increase the shelf life and overall quality of
organic food products. Increasing health concerns of people across
the globe, increased food safety issues, higher usage of organic and
natural products, and animal welfare issues are driving the market
for organic food items which in turn is driving the growth of the
food preservatives market.
The
actual raw material which is used as natural food preservative is
highly prone to get spoilt. The raw material has to be stored
carefully and the process of mixing the raw material with the food
item is very critical as the natural raw material can get damaged
easily. Natural preservatives are generally extracted from seeds and
plant leaves; this extraction process is costly which is also working
as a restraint for the food preservatives market.
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The
increasing demand for natural food preservatives is perceived as an
area for growth in the food preservatives market over the forecast
period. People prefer natural food preservatives over synthetic food
preservatives driven by consumer perception of natural products being
healthier than the synthetic ones. Because of this trend,
manufacturers are focusing more on producing natural food
preservatives. Due to the harmful effects on health and environment,
synthetic preservatives would see a decrease in demand in the coming
years.
Among
the different regions including North America, Europe, Asia Pacific
and RoW, North America held the largest market share of 36.5% in
2013, followed by Asia Pacific. In 2013 Asia Pacific held a market
share of 30.6%. This trend is expected to be the same over the
forecast period. It is estimated that North America would be the
largest market for the food preservatives in 2020, followed by Asia
Pacific.
The
global food preservatives market was valued at USD 2,000 million in
2013 and is estimated to reach USD 2,560 million by 2020 in terms of
revenue. The market in terms of revenue is projected to grow at a
CAGR of 3.5% from 2014 to 2020.
Preservatives
included under synthetic segment are sorbic acid, benzoic acid,
propionic acid and lactic acid among others. Busy life style and
increasing number of people working is driving the demand for
processed foods, which in turn fueling the growth of food
preservatives market globally. Another factor driving the growth of
food preservatives market is the rising concerns towards health
hazards.
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