Transparency
Market Research (TMR) has announced the addition of a new market
study on the food preservatives market. The report is 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 expected to grow from US$2.0 bn in
2013 and is projected to reach a valuation of US$2.56 bn by 2020,
expanding at a CAGR of 3.50% between 2014 and 2021.
Food
preservatives are added to food products to prevent microbial growth
and spoilage of food. Food preservatives help in extending the shelf
life of food and are thus used in the packaged and processed foods
industry. Given the high demand for packaged food, convenience food
or ready-to-eat meals, the global food preservatives market is
expected to witness steady growth in the coming years.
The
global food preservatives market is driven by the growing concern
over food safety. The rising incidences of disease outbreaks and food
poisoning are fueling the demand for preservatives. The rising trend
of natural food preservatives is expected to drive the market in the
coming years. On the other hand, the difficulty in working with
natural preservatives and the interventions and regulations by the
government will threaten the global food preservatives market.
The
global food preservatives market is segmented on the basis of type,
function, application, and geography. On the basis of type, the
market is segmented into natural and synthetic preservatives. While
synthetic preservatives are currently in demand, the trend will
change soon as focus shifts to natural ingredients. The natural
preservatives segment will witness a rise as manufacturers are
increasingly focusing their research and development activities on
natural preservatives. Another trend of mixing different
preservatives to reduce cost is expected to drive the global food
preservatives market.
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exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=125
On
the basis of application, the market is segmented into beverage,
bakery products, dairy and milk products, meat, poultry, and sea food
products, and others. Of these, preservatives are used extensively in
beverages, bakery, dairy products, and meat and poultry products
across the globe to resolve quality issues in the food industry.
By
geography, the global food preservatives market is segmented into
Europe, North America, Asia Pacific, and the Rest of the World. Of
these, North America dominated the food preservatives market in 2013,
followed by Asia Pacific. The demand for food preservatives in Asia
Pacific is high due to a rise in demand from countries such as China,
Australia, and South Korea. The North America food preservatives
market is expected to rise from US$729.8 mn in 2013 to US$921.6 mn by
2020. TMR analysts suggest that the demand for food preservatives
will be particularly high in the Rest of the World.
The
report profiles some of the key players in the global food
preservatives market for the purpose of study. The companies included
are BASF SE, Cargill Incorporated, Celanese Corporation, Chr. Hansen
A/s, Corbion N.V., Kerry Group, The Archer Daniels Midland Company,
and Du Pont.
The
global food preservatives market has been segmented as follows:
Product
- Natural Preservatives
- Synthetic Preservatives
Function
- Antimicrobial
- Antioxidants
Application
- Dairy and milk products
- Meat, poultry and sea food products
- Bakery products
- Beverages products
- Other products
Geography
- North America
- Europe
- Asia Pacific
- RoW
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