Albany, NY -- (SBWIRE) -- 03/25/2019 -- 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.

High Demand for Organic and Convenience Foods Paves Way for Growth in Market

The food and beverages industry consists of two core segments that have been anticipated to set the tone for valuable growth in the world food preservatives market with their rising demand. Organic food products have been raking in an aggressively swelling demand in the recent years. They are researched to require a different group of preservatives. On the other hand, changing lifestyles have been said to trigger a magnifying demand for convenience foods, the second core segment of the food and beverages industry.

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Desperate need to put a stop to the outbreak of diseases could be another vital factor advocating the use of food preservatives. Perishable foods that require increased shelf life could be included with food preservatives on a large scale. Food preservatives help to avoid the spread of bacteria by arresting their growth and that of other microorganisms present in foods.

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.