Food Preservatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020
Albany, NY -- (SBWIRE) -- 12/10/2015 -- Food preservatives, both natural and synthetic, are added to end products to prevent food spoilage owing to microbial growth and extend their overall shelf life. Given the significance of food preservatives in a booming packaged and processed foods industry, this market is estimated to witness modest growth during the forecast period.
The research report studies the global food preservatives market by segmenting it on the basis of several parameters: product type, function, application, and geography. By product type, the food preservatives market is bifurcated into synthetic preservatives and natural preservatives. By function, the market is divided into antioxidants and antimicrobial. By application, the food preservatives market is segmented into meat, poultry, and sea foods, beverages, dairy and milk products, bakery products, and others. By geography, the global food preservatives market is fragmented into Asia Pacific, North America, Europe, and Rest of the World.
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This research study is designed with the help of accurate, objective, and latest data and is supported by necessary market figures as well as inputs from industry experts. It serves as an idea tool for direction and decision-making in a developing global market.
Overview of the Food Preservatives Market
According to the report, the global food preservatives market is estimated to expand at a modest CAGR of 3.50% from 2014 to 2020, growing from a value of US$2,000 mn in 2013 to US$2,560 mn by 2020. This growth can be attributed to factors such as surging demand for convenience foods, rising demand for organic food products, growing concern for food safety, and increasing incidence of disease outbreaks. The rising demand for natural food preservatives and mixing a variety of preservatives to bring down overall cost is anticipated to support the market over the next five years. However, difficulties working with natural preservatives, stringent government regulations, and interventions threaten to impede the growth of the food preservatives market.
The demand for synthetic food preservatives currently surpasses that of natural preservatives. However, this is expected to change in the coming years with large number of manufacturers focusing on developing natural ingredients. North America presently dominates the global food preservatives market, with the value of this regional segment to rise from US$729.8 mn in 2013 to US$921.6 mn in 2020. Driven by escalating demand for food, Asia Pacific is anticipated to witness a strong growth over the next five years. However, the Rest of the World region will emerge as the most rapidly developing segment by the end of the forecast period, registering a CAGR of 4.0% from 2014 to 2020.
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Companies Mentioned in the Report
The leading players competing in the global food preservatives market are Koninklijke DSM N.V., Cargill Incorporated, Corbion N.V., Celanese Corporation, JEY\'S F.I. INC., The Archer Daniels Midland Company, Kerry Group, Chr. Hansen A/s, BASF SE, and Du Pont.
Global Food Preservatives Market by Product Type
- Natural Preservatives
- Synthetic Preservatives
Global Food Preservatives Market by Function
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
- Asia Pacific
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