Future Market Insights has announced the addition of the "Food Preservatives Market: Global Industry Analysis and Opportunity Assessment 2014-2020" report to their offering.
London, UK -- (SBWIRE) -- 05/22/2015 -- Food preservatives are ingredients added to food to prevent decomposition by reducing microbial growth. Preservatives in food help maintain its freshness and shelf life. Food preservatives are classified into two categories, viz. Class 1 preservatives or natural preservatives and Class 2 preservatives or chemical preservatives. Natural preservatives include salt, vinegar, spices, honey and syrup. Chemical preservatives include sorbates, nitrates of potassium, glycerides and benzoates. Both natural and chemical preservatives are divided into three types - antimicrobials, antioxidants and anti-enzymatic preservatives.
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The major advantage of food preservatives is that it helps to store food for a long time. Food with preservatives can be consumed over a long period of time and help reduce wastage of food. Increase in business of food products has led to the need to adopt food spoilage prevention and reduction techniques which resulted in the development of food preservatives market.
The food preservatives market is expected to grow at a substantially low compounded annual growth rate in the coming five years. The market for food preservatives is expected to increase and achieve a market value of US $ 2.55 billion globally by 2020. There is an increase in demand of natural food preservatives in established markets and a persistent demand for preservative-treated food in developing markets. Other growth drivers include varying lifestyles of the people and a booming food & beverage industry. Growing population and rising awareness about safety of food and its quality are the growth factors for food preservatives market. Change in lifestyle has considerably increased the demand for convenience foods which further enhance the demand for food preservatives. Globalization, world trade, converging consumer choices are key success factors of this market. In order to further increase the life of food products, natural preservatives are replaced by chemical preservatives.
Based on type of food, the food preservatives market is segmented into natural food preservatives and chemical food preservatives. The market can be segmented on the basis of applications into bakery and confectionery, dairy products, meat products, beverages, packaged foods, frozen foods, fresh produce and others. Based on geographies, the food preservatives market is segmented into Western Europe, North America, Asia-Pacific and RoW (Rest of the World).
New natural preservatives launched by Purac for fruit and juice-based beverages help eliminate the spore-forming spoiler Alicyclobacillus. This year Purac is extending its product portfolio by launching new additives that increase the shelf life of the products. For instance, Purac launched its new ingredient PuraQ Safe RS50 especially designed to enhance food safety in refrigerated food products. It is a processed sugar used in readymade products such as soups, dips, pastas, fillings and sauces. Purac offers a variety of lactate ingredients that are essential for food preservation. Dupont launched new plant extracts called natural chelators to protect high-lipid foods from oxidation. Galactic targets improved food security by enhancing the range of food preservative ingredients. Galactic expands the range of products by applying new fermentation techniques, adjusting the pH levels and improvising the flavour. Naturex and Galactic entered into a partnership for developing a preservation system for protection against microbes and oxidations.
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Major players in the food preservatives market are AkzoNobel N.V., Albemarle Corporation, Cargill Incorporated, Dover Chemical Corporation, DSM Food Specialties B.V., Galactic SA, Hawkins Watts Limited, Innophos Holdings Inc., Kemin Industries Inc. and others.
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