Food Preservatives Market worth 2.94 Bn USD by 2021

Thursday 1 September 2016, Amsterdam

The report, now available on ASDReports, "Food Preservative Market by Type (Natural & Chemical), Function (Antimicrobial, Antioxidant), Application (Oil & Fat, Bakery, Dairy & frozen, Snack, Meat, Poultry & Seafood, Confectionery, Beverage), & Geography - Global Trend & Forecast to 2021", The food preservatives market is projected to reach a value of USD 2.94 Billion by 2021 at a CAGR of 2.5%.

The market is driven by factors such as demand for convenience food products & foods with longer shelf-life, and the increased usage of natural preservatives in meat & poultry in North America and Europe. The high growth potential in the emerging markets and untapped regions provides new growth opportunities for market players.

The antimicrobials segment is the fastest-growing segment in the food preservatives market by function during the forecast period 2016–2021

Sorbates, having many applications such as dairy and frozen foods, snack and convenience foods, and others, have the largest share in the global food artificial antimicrobials market, followed by benzoates. Demand for processed foods is one of the drivers behind the growth of global sorbates antimicrobial market and because of such demands in the food industry, the application of sorbates in food & beverages is considered to remain strong.

The synthetic food preservatives segment has the largest market in the food preservatives industry

Benzoates, sorbates, and propionates are amongst the most used synthetic preservatives and are broad-spectrum agents with applications across various food product categories. The primary intention behind the usage of synthetic additives is the safety and quality of the product for consumption, in terms of improved appearance and extended shelf-life. Currently, synthetic preservatives seem to be the best and most feasible option to be used as food preservatives, considering the costs associated with natural preservatives.

Significant growth for food preservatives is observed in the Asia-Pacific region

With the emerging economies, growing industrialization, increasing demand for processed foods, and consumer preference for quality products, ingredient suppliers are becoming increasingly optimistic about the growth of the food & beverage industry in the Asia-Pacific region. In this region, the high demand for convenience foods has implications on the preservatives categories required to maintain freshness in products and also other artificial ingredients and fat replacers. The international food additives market, which was earlier dominated by the large regions such as North America and Europe, is now witnessing emergence in the Asian markets, and therefore this region has proven to be a promising market for the growth of the food preservatives industry.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Akzo Nobel N.V. (Netherlands), Danisco A/S (Denmark), Cargill, Incorporated (U.S.), Univar Inc. (U.S.), and Koninklijke DSM N.V (Netherlands).