November 19, 2019
According to the latest study titled ‘Global Food Preservatives Market: Analysis By Type (Antioxidants, Antimicrobials, Others), By Application (Bakery, Dairy Products, Meat & Poultry, Beverage, Others), By Region, By Country (2018 Edition): Forecast to 2023- By region (North America, Europe, Asia Pacific, ROW), By Country (U.S, Mexico, Canada, U.K, Germany, France, China, Japan, India, ROW)’ available with Market Study Report LLC, the global food preservatives market is estimated to grow with a CAGR of 4.93% through the year 2023.
Food preservatives are additives used to prevent deterioration of food from microorganisms, enzymes, and oxygen exposure. Factors such as increasing demand for ready-to-eat and quick-to-prepare food products, investment by major food preservatives manufacturers in retail outlets, coupled with surging young population, rising per capita income, and higher expenditure on food and beverage products are aiding the growth of food preservatives market.
The study encompasses details about market size based on value and volume. It analyses the competitive landscape of food preservatives market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics like prevailing trends, drivers, and restraints is also outlined.
Based on type, food preservatives market is segmented into antimicrobials, antioxidants, and others, wherein antimicrobials segment led the industry over the past years. While as per the application spectrum, the industry is divided into dairy products, beverages, bakery, meat & poultry, and others.
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Considering the geographical landscape, the global food preservatives market is studied for regions including Europe, North America, Asia Pacific, and rest of the world, with focus on countries like Mexico, U.S, India, Canada, U.K, France, Germany, Japan, and China. The report cites that APAC food preservatives market registered the largest share in 2018, owing to rising disposable income of consumers, presence of heavy consumer base, supported by investments from leading food manufacturers, growing urbanization, and changing lifestyle.
Some of the vendors that operate in food preservatives market are BASF SE, Akzo Nobel N.V., Cargill, Celanese Corporation, Tate & Lyle Plc, Archer Daniels Midland Company, Corbion N.V., Koninklijke DSM N.V., Solvay SA, and Novozymes A/S.
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