The Egyptian food preservatives market is projected to register a CAGR of 3.5%, during the forecast period.
- The market is mainly driven by the increasing demand for clean-label solutions, rising consumption of processed and packaged food, and the complexity in the supply chain of the food industry. The growing trend of adopting a healthy lifestyle has led to an increase in the demand for foods that contain natural ingredients, such as natural preservatives, by consumers.
- The food preservative manufacturers have been witnessing an increased demand from the food manufacturers to preserve the freshness, safety, taste, appearance, and the texture of processed foods.
Key Market Trends
Growing Demand for Natural Preservatives
Faster growth in the natural preservatives accounts for the rising health and wellness trends, with consumers seeking processed foods that have safer ingredients. A majority of natural preservatives in use currently are antioxidants that are found in a majority of fruits and vegetables. These compounds act as free radical scavengers and bacterial growth inhibitors. Their mode of action is to slow down the oxidation process in food and delay spoilage. Ascorbic acid (E300) or vitamin C and tocopherol (E306) are the two mainly used natural antioxidants in the food industry. Food manufacturers have now are emphasizing research and development for identifying natural preservatives with better and safer quality.
Increased Utilization in Beverages
The booming beverage industry is majorly uplifting the consumption of ingredients, including preservatives, which is most likely to foster market growth. The properties of drinks such as high water activity demand the irreplaceable use of preservatives in the beverage industry is to avoid the change in taste, the color, and bitter aftertaste. Moreover, with the rise in demand for functional beverages, the market for natural preservatives is gaining momentum. Manufacturers have been embracing innovation for increasing their position in the market by incorporating the organically sourced preservatives in the product formulation.
The Egyptian food preservatives market is consolidated, as the major players hold the maximum share in the market. The most active companies are Cargill, DuPont, Kerry Group, DSM, and BASF. The strategy of developing new products and partnerships with local players helps to increase the company’s footprint in the country and release new products, according to the consumers’ changing preferences.
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