Global Food Preservatives Market Size, Segmentations, Key Players, Points & Future Forecast 2023-2032

 

Global Food Preservatives Market

The Global Food Preservatives Market size was valued at $2.5 billion in 2020 and is projected to reach $3.8 billion by 2027, growing at a CAGR of 5.5% during the forecast period from 2021 to 2027. 

The increasing demand for convenience foods, packaged foods, and ready-to-eat meals, along with the growing awareness among consumers about the benefits of using preservatives in food products, are driving the growth of the food preservatives market. Additionally, the increasing concerns related to food safety and the need to increase the shelf life of food products are also contributing to the growth of this market.

The food preservatives market is a rapidly growing industry that is driven by the increasing demand for longer shelf life and the need to maintain food quality and safety. Food preservatives are used to prevent spoilage, deterioration, and microbial growth in food products, ensuring their safety for consumption. The market for food preservatives can be segmented based on type, application, and region. The most commonly used types of food preservatives include natural preservatives, chemical preservatives, and antioxidant preservatives. Natural preservatives are derived from natural sources, such as salt, sugar, vinegar, and citrus extracts. Chemical preservatives are synthetic substances, such as sodium benzoate, potassium sorbate, and calcium propionate. Antioxidant preservatives are used to prevent the oxidation of fats and oils, and include ascorbic acid, tocopherols, and butylated hydroxy anisole.

Food preservatives find applications in various food products, including bakery and confectionery, meat, poultry, and seafood, dairy products, beverages, and others. Among these, the bakery and confectionery segment is the largest market for food preservatives. The market for food preservatives is also driven by the increasing demand for convenience foods and ready-to-eat meals, which require longer shelf life and safety from microbial growth. The Asia Pacific region is the largest market for food preservatives, followed by North America and Europe.

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Market Segmentation:

By Type

·         Natural Preservatives

·         Synthetic Preservatives

By Function

·         Antimicrobials

·         Antioxidants

·         Others (Enzyme Inhibitors, pH Control Agents, etc.)

By Application

·         Beverages

·         Bakery & Confectionery

·         Dairy & Frozen Products

·         Meat, Poultry & Seafood Products

·         Oils & Fats

Key Player:

·         Cargill, Incorporated

·         Archer Daniels Midland Company

·         Kerry Group plc

·         DuPont de Nemours, Inc.

·         Tate & Lyle PLC

·         Kemin Industries, Inc.

·         Corbion N.V.

·         Chr. Hansen Holding A/S

·         BASF SE

·         Galactic S.A.

Regional Analysis:

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Food Preservatives market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

 Key Points: 

• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

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