Global Food Preservatives Market – Industry Analysis and Forecast (2019-2026)
Global Food Preservatives Market was valued US$3 Bn in 2019 and is expected to reach US$XX Bn by 2026, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Food preservatives offers antibacterial properties , which helps to reduce risk of insufficiency, Natural food preservatives include salt, sugar, alcohol and vinegar , which are extensivly used in production of jam, pickle and juices.They are helps to minimize the bacterial growth rate risk. Salt is used to reserve vegetables and meat to avoid bacteria and yeast from decaying the product, which resulting in increased demand across the globe.
An increase in demand for food products with extended shelf life, demand for convenience foods and use of natural preservatives on Meat and Poultry in the Europe and North America region are expected to drive the growth in the global food preservatives market.
On the other hand, the rise in demand for organic food product, consumer preference for natural food products , which are limitedly availabile and use of preservation techniques across the globe are limiting the global food preservatives market growth.
Natural preservatives are expected to contribute XX Mn share in the global food preservatives market. The maximum share in the global food preservatives market is attributed to its wide range of acceptance in processing by appropriate regulatory agencies coupled with increasing health consciousness among customers. An increase customer preference for clean label products are expected to boost the market growth. Many key players in the market are adopting new formulation processes for the production of organic products to fulfil the requirement for clean labelled products.
Region-wise, The Asia-Pacific region is expected to share significant growth for global food preservatives market. Food preservatives are substances , which are added to food to keep it safe and fresh for longer duration of time. The food preservatives are extensively used across beverages, dairy bakery, snacks, meat and sea food during processing and packing to prevent them any bacterial effects. Growth in the population is one of the key drivers for food preservatives market in the Asia Pacific region.
Scope of Market:
• Oils & fats
• Dairy & frozen products
• Meat, poultry, and seafood products
• North America
• Middle East & Africa
• Asia Pacific
• Latin America
Key players operated in Market:
• Akzo Nobel N.V.
• Danisco A/S
• Cargill Incorporated
• Univar Inc.
• Koninklijke DSM N.V
• Galactic S.A.
• Kemin Industries, Inc.
• Prinova Group
• Royal DSM N.V.
• BASF SE
• Celanese Corporation
• Chr. Hansen A/S
• Corbion N.V.
• JEY'S F.I. Inc
• Kerry Group
• The Archer Daniels Midland Company.
• Brenntag Solutions Group, Inc.
• Tate & Lyle
• Kemin Industries, Inc.
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