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. This rise in market value can be attributed to the growing trend of clean label food products globally along with growing preference for naturally sourced preservatives.
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.
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Hawkins Watts Limited; Koninklijke DSM N.V.; Cargill, Incorporated; Kemin Industries, Inc.; Univar Inc.; Tate & Lyle; Galactic; DuPont; Brenntag Solutions Group, are the pioneering companies and brands that are driving the Global Food Preservatives Market. The CAGR numbers also look quite impressive for the forecasted period of 2018-2025 in the Global Food Preservatives Market. The sales, import, export, and revenue figures are anticipated to grow in the forecast period. The key players and brands are making significant moves by product launches, researches, their joint ventures, mergers, and accusations which in turn are yielding successful results.
Furthermore, the report contains drivers and restraints of the Global Food Preservatives Market which is derived with the help of SWOT analysis.
Key Market Competitors: Global Food Preservatives Market
- Hawkins Watts Limited
- Koninklijke DSM N.V.
- Kemin Industries, Inc.
- Univar Inc.
- Tate & Lyle
- Galactic; DuPont
- Brenntag Solutions Group, Inc.
- Archer Daniels Midland Company
- BASF SE
- Celanese Corporation; Kilo Ltd
- AJINOMOTO CO.,INC.
- Prinova Group LLC and Jungbunzlauer Suisse AG.
Market Definition: Global Food Preservatives Market
Key Developments in the Market:
In March 2019, Corbion announced that they had agreed to acquire Granotec do Brazil with the company a leader of bakery ingredients in the Brazil region. The acquisition has been agreed for an approximate amount of USD 45 million. Granotec will be integrated into Corbion’s Brazil operations and will establish a leading presence of the company in the region and enhance their capabilities in providing special ingredients to the bakery market.
In May 2018, Kemin Industries, Inc. announced the launch of a new natural preservative, the product termed as “NaturFORT RSGT” is a plant-based preservative designed to substitute the EDTA preservatives utilized in the market. The product is designed from the extracts of rosemary, green mint and green tea which exhibit extension of the shelf life of the natural food products such as dressings, salads.
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.
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
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
Segmentation: Global Food Preservatives Market
(Natural Preservatives; Synthetic)
(Antimicrobials; Antioxidants; Others)
(Oils & Fats; Bakery; Dairy & Frozen Products; Snacks; Meat, Poultry & Seafood; Confectionary
(North America; South America; Europe; Asia-Pacific; Middle East and Africa)
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
Insights of the Study
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Global Food Preservatives Market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- The key findings and recommendations highlight crucial progressive industry trends in the Global Food Preservatives Market, thereby allowing players to develop effective long term strategies
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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