Global Food Preservatives Market is expected to rise to an estimated value of USD 3.38 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. Food preservatives are specialised chemical ingredients or extracts that are added to the food products during their production processing to restrict the growth of bacteria, microorganisms, and other harmful effects such as oxidisation. The addition of these substances improves the shelf life of the products and retains the freshness making them consumable for a longer period of time. Global Food Preservatives Market By Type (Natural Preservatives; Synthetic); Function (Antimicrobials; Antioxidants; Others); Application (Oils & Fats; Bakery; Dairy & Frozen Products; Snacks; Meat, Poultry & Seafood; Confectionary; Beverages; Others); Geography (North America; South America; Europe; Asia-Pacific; Middle East and Africa) – Industry Trends and Forecast to 2026 Few of the major competitors currently working in the global food preservatives market are Archer Daniels Midland Company; BASF SE; Corbion; Celanese Corporation; Kilo Ltd; AJINOMOTO CO.,INC.; Prinova Group LLC and Jungbunzlauer Suisse AG.
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Market Restraints: Global Food Preservatives Market
Rise in adoption of organic food products that are free of any additives, preservatives and chemicals is expected to restrain the growth of the market
Concerns associated with usage of synthetic preservatives and their methods in food processing is expected to restrain the growth of the market
Lack of resources to produce and meet the growing demand for natural preservatives; this factor is expected to restrain the growth of the market
Market Drivers: Global Food Preservatives Market
Growing demand from the consumers to have food products that can be consumed for a longer period of time; this factor is expected to drive the growth of the market
Changes in lifestyle and urbanisation of population has resulted in more individuals preferring convenience foods; this factor is expected to drive the growth of the market
Growth of awareness associated with the usage of natural preservatives among incidences of side effects and people being affected from synthetic or chemical substances in food products; this factor is expected to drive the growth of the market
Competitive Analysis: Global Food Preservatives Market
Global food preservatives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of food preservatives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. For the purpose of this study, the report includes major players such as Galactic; DuPont; Brenntag Solutions Group, Inc.; Hawkins Watts Limited; Koninklijke DSM N.V.; Cargill, Incorporated; Kemin Industries, Inc.; Univar Inc.; Tate & Lyle;
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
Key points for analysis
- To gain information about the top players in this industry, their product portfolios, and their key strategies.
- Drivers and restrains of the market
- To get a comprehensive overview of the Global Food Preservatives Market.
- Key developments in the market
- Market volume
- Potential and niche segments/regions exhibiting promising growth
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Key Reasons to Purchase Food Preservatives Report:
- To gain insightful analyses of the market and have comprehensive understanding of the Global Food Preservatives and its commercial landscape.
- Assess the Food Preservatives production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the Food Preservatives and its impact in the Global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for Global Food Preservatives.