Food Preservatives Market Size CAGR Status, Industry Analysis, Trends, and Forecast - 2027
Global Food Preservatives Market –
Overview
Food preservatives are being used
extensively in the food and beverage sector, due to the characteristics they
can add to edible items. Market Research Future which focuses on market reports
connected to the food & beverage sector among others lately made available
a report on this industry. The food
preservatives sector globally has observed a continual demand during the
past few years and is estimated to earn USD
3315.5 million in revenue while expanding with a CAGR of 3.80 per cent by 2023.
As the food sector has evolved over
the past few years, the food preservatives have been used increasingly in
different applications due to innovations in the sector. The rising popularity
of packaged goods and convenience products have fuelled the growth factors in
this particular sector. The sector though is significantly impacted by the
availability of synthetic food preservatives which are not being preferred due
to the negative health repercussions of those products.
Industry Segments
The food
preservatives market size around the world is divided on the basis of type,
region, function and application. The type category of food preservatives is
divided into synthetic, natural, benzoates, propionates, sorbates and nitrates.
On the basis of function, the industry includes antioxidants and
antimicrobials. Furthermore on the basis of application, the category is
divided into bakery & confectionery, beverages, dairy among others. Finally
on the basis of region the market comprises of geographical regions such as
Europe, North America, APAC and Rest of the World.
Access Report Details @ https://www.marketresearchfuture.com/reports/food-preservatives-market-1366
Detailed Regional Analysis
The market for food preservatives
globally has been observing a continual period of growth through the forecast
period due to increasing consumption of convenience foods and mounting demand
for frozen food and packed products. In terms of volume and value, the North
American market is projected to control the food preservatives sector
controlling a major share of 36.10 per cent. Likewise, the Asia Pacific region
is expected to be the main growing region at a rate of 4.53 per cent in the
forecast period.
Global Competitive Analysis
The trend for diversification and
cost effective strategies in the sector has facilitated the players to access
the rewarding state of affairs obtainable in this market are being applied by
candidates who are trying to grow their industry coverage by exhaustive growth
which can fuel the expansion of this business sector. The products are also
being specialized to great extent to keep up with the dynamic pace of
technological discoveries. The organizations are also additionally trying to
create and capture economic worth simultaneously and in a proper manner. This
has raised the potential for the approaching growth period considerably. This
situation has additionally established to be productive for businesses so they
can fix goals that can support their enterprise's viable liquidity to take the
effective decisions in terms of strategy designing and execution.
The leading players in the food
preservatives market globally are Prinova
Group, LLC (U.S.), Cargill, Incorporated (U.S.), BASF (Germany), Celanese Corp.
(U.S.), DuPont (U.S.), Univar Inc. (U.S.), Kemin Industries, Inc. (U.S.), Royal
DSM (the Netherlands), Akzo Nobel N.V. (the Netherlands), Galactic S.A.
(Belgium), Brenntag Inc (U.S.), Chr. Hansen A S (Denmark) and Tate &
Lyle PLC (U.K) to name a few.
Industry Updates:
Mar 2018 Celanese Corporation which
is a global technology and specialty materials firm has recently announced that
it is ending its merger contract with Blackstone’s Rhodia Acetow corporate
entity and that the two parties have taken back their announcement of the
proposed joint venture from the European Commission. The parties were not able
to reach an agreement with the European Commission on suitable conditions to
allow for the proposed joint venture to be finalized.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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