Food Preservatives Market to Post 3.5% CAGR to 2020, Demand for Natural Food Preservatives Rising

2024-11-08 03:27:42 News & Society

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Driven by an increased demand for convenience and organic food products, the global food preservatives market will report a 3.5% CAGR from 2014 to 2020, says Transparency Market Research?s latest study. The report, titled ?Food Preservatives Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014?2020,? puts the market at US$2,000 million in 2013, and projects it to reach US$2,560 million by 2020. Furthermore, the report finds that the RoW food preservatives market will exhibit a higher growth rate than the global market, and will expand at a 4.0% CAGR through the forecast horizon. In revenue terms, North America?s food preservatives market is reported as being the largest at US$729.8 million as of 2013. TMR analysts predict that this market will hit US$921.6 million by 2020.

Browse the full Food Preservatives Market report at http://www.transparencymarketresearch.com/food-preservatives-market.html

Food preservatives are widely used as an ingredient in various food products to increase their shelf life and delay/prevent decomposition and spoilage that occurs owing to microbial growth. Food can be preserved using chemical methods or physical methods, with physical preservation including refrigeration and drying and chemical preservation comprising the addition of chemical compounds to inhibit microbial growth. Given the disparate food types that are consumed in different regions of the world, the demand pattern for food preservatives also varies between regions. Another important factor that determines the volume of food preservatives used in the market is the extent to which food-related regulations are imposed in a country. In developing countries, the use of food preservatives is higher because of the lack of stringent regulations. While food preservatives are used in products sold in developed countries, the composition and quality of preservative substances/chemicals is strictly monitored.

The report says that the global food preservatives market is driven by the appreciable rise in the consumption of frozen and canned foods and strong measures taken against the spread of foodborne diseases. On the other hand, the market will have to contend with restraints such as stringent regulatory enforcements. While the emphasis on natural food preservatives is growing, they are not as efficacious-or affordable-as chemical food preservatives are. This presents a challenge that can only be overcome by more R&D in the food preservatives market. An opportunity that lies here is formulating products that combine the best of both natural and chemical food preservatives.As stated earlier, North America was the dominant food preservatives market, and was trailed by Asia Pacific in 2013. The demand for food preservatives has been swinging upward in countries such as Australia, China, and South Korea. The report further profiles leading companies in the food preservatives market such as BASF SE, Celanese Corporation, Cargill Incorporated, and Chr Hansen A/S. Their cost-effective products have helped these companies capture a larger share of the market, and unless a drastic competitive change occurs, these companies are expected to continue their dominant position in the global food preservatives market.

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The Food Preservatives Market has been segmented as follows:

Global Food Preservatives Market by Product Type

Natural Preservatives
Synthetic Preservatives

Global Food Preservatives Market by Function

Antimicrobial
Antioxidants

Global Food Preservatives Market by Application

Dairy and milk products
Meat, poultry and sea food products
Bakery products
Beverages products
Other products

Global Food Preservatives Market by Geography

North America
Europe
Asia Pacific
RoW

Browse the full Food Preservatives Market press release at http://www.transparencymarketresearch.com/pressrelease/food-preservatives-market.htm

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