The Global Food Preservatives Market is Projected to Reach $3.2 Billion by 2025 - Product Innovation in the Natural Preservatives Industry Space is a Major Competitive Strategy - ResearchAndMarkets.com
The global food preservatives market size is expected to reach USD 3.2 billion by 2025, progressing at a CAGR of 3.7% over the forecast period.
The "Food
Preservatives Market Size, Share & Trends Analysis Report By Type
(Natural, Synthetic), By Function (Anti-microbial, Anti-oxidant), By
Application (Meat & Poultry, Beverages), And Segment Forecasts, 2019 -
2025" report has been added to ResearchAndMarkets.com's
offering.
The global food preservatives market size is expected to reach USD 3.2
billion by 2025, progressing at a CAGR of 3.7% over the forecast period.
The fast-paced working lifestyle of consumers in North America and Asia
Pacific has been instrumental in driving the demand for ready-to-eat
products. Consequently, the use of food preservatives is expected to
grow owing to benefits provided by them, such as prevention of food
spoilage and increase in shelf life.
Food preservation is a traditional method used to store and keep food
safe for longer periods. Over the time, the method has evolved from the
usage of culinary salt, sugar, to chemical types. Globalization has led
to increased demand for the synthetic types. The usage of preservatives
in various applications sectors including processed meat, bakery, and
dairy is expected to foresee substantial growth in terms of revenue over
the forecast period.
Food preservatives are categorized into two types, namely, natural and
synthetic. Rosemary extracts, vinegar, and natamycin are natural types,
whereas propionates, benzoates, and sorbates are included in synthetic
type, which are the most preferred ones. Factors such as adverse effects
associated with synthetic food preservatives coupled with increasing
health consciousness among consumers, are anticipated to drive the
demand for natural variants.
On the basis of function, anti-microbial preservatives emerged as the
largest segment in terms of revenue, owing to surging demand for
anti-microbial agents in processed meat and beverage industries. North
America emerged as the largest regional market in terms of revenue,
followed by Asia Pacific.
Further key findings from the study suggest:
-
Asia Pacific is expected to witness the fastest growth in terms of
value, and is projected to expand at a CAGR of 4.9% from 2019 to 2025.
It is primarily driven by factors such as increasing population,
consumer willingness to pay premium prices for organic products, and
preferences for ready-to-eat foods due to convenience -
Asia Pacific is the most attractive destination for manufacturers
owing to significant growth in application areas, such as bakery,
beverages, confectionery, processed meat, poultry, and seafood -
North America emerged as the largest regional market in terms of
revenue in 2018 and is estimated to reach a market size of USD 1
billion by 2025 -
Some of the key players operating in North America are Bavaria
Corporation International; Biosecur Lab, Inc.; Prinova Group, LLC;
Kalsec, Inc.; and DowDupont, Inc.; providing both natural as well as
chemical preservatives -
The U.S. food preservatives market, in terms of revenue, was valued at
USD 375.2 million in 2018. It is characterized by a shift among
manufacturers from synthetic to natural and organic preservatives -
Some of the major strategies adopted by the major players in the
industry are product innovation, most notably in the natural
preservatives industry space, and capacity expansion through mergers
and collaborations
Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Information Procurement
1.2 Information Analysis & Data Analysis Models
1.3 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Insights
2.2 Segmental Insights
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Value Chain Analysis
3.4 Technology Overview
3.5 Regulatory Framework
3.6 Market Dynamics
3.7 Business Environment Analysis
3.8 Market Entry Strategy
Chapter 4 Food Preservatives Market: Type Estimates & Trend Analysis
4.1 Definitions & Scope
4.2 Type movement analysis & market share, 2018 & 2025
4.3 Market by type, estimates and forecasts, 2014 - 2025 (USD Million)
4.4 Natural Type
4.5 Synthetic Type
Chapter 5 Food Preservatives Market: Function Estimates & Trend Analysis
5.1 Definitions & Scope
5.2 Function movement analysis & market share, 2018 & 2025
5.3 Antimicrobial
5.4 Antioxidant
5.5 Others
Chapter 6 Food Preservatives Market: Application Estimates & Trend
Analysis
6.1 Definitions & Scope
6.2 Application movement analysis & market share, 2018 & 2025
6.3 Meat & Poultry Products
6.4 Bakery Products
6.5 Dairy Products
6.6 Beverages
6.7 Snacks
6.8 Others
Chapter 7 Food Preservatives Market: Regional Estimates & Trend Analysis
7.1 Definition & Scope
7.2 Regional movement analysis & market share, 2016 and 2025
7.3 North America
7.4 Europe
7.5 Asia Pacific
7.6 South & Central America
7.7 Middle East & Africa
Chapter 8 Competitive Analysis
8.1 Key Players' Recent Developments & Their Impact
8.2 Key Innovators, Market Leader and Emerging Players
8.3 Vendor Landscape
8.4 Public Companies
8.5 Private Companies
Chapter 9 Company Profiles
9.1 Cargill Inc.
9.2 Kemin Industries Inc.
9.3 Archer Daniels Midland Company
9.4 Tate & Lyle PLC
9.5 Koninklijke DSM N.V.
9.6 AkzoNobel N.V.
9.7 BASF SE
9.8 Celanese Corporation
9.9 Corbion N.V.
9.10 Galactic S.A.
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