Global Food Preservatives Market is to be growing at a CAGR of 3.2% during the forecast period from 2016 to 2021
According to the report " Food Preservatives market by Type (Natural, Synthetic), by Function (Antimicrobials, Antioxidants, Chelating and enzyme inhibitors) by Application (Beverages, Oils & fats, Bakery, Dairy & frozen products, Snacks, Meat, poultry, & seafood products, Confectionery, Other applications), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021) ", published by Market Data Forecast, the global market is projected to reach USD 3.69 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021.
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Food preservatives reduce the risk of food borne infections, decrease microbial spoilage and preserve nutritional quality. Also, they extend the shelf-life and enhance the taste. They are an important factor in the meat, poultry, & seafood industry.
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Increasing processed food consumption and growing awareness about the benefits of food Preservatives, are driving the market for food preservatives. Also, the growth in the market is mainly due to increase in processed food consumption, which is in return increasing the demand for food preservatives, thus, attracting the companies to expand their market base in these regions.
Global market for Food Preservatives is segmented based on type, function and application into further sub-segments as follows:
By Type
Natural
Synthetic
By Function
Antimicrobials
Antioxidants
Chelating and enzyme inhibitors
By Application
Beverages
Oils & fats
Bakery and Confectionery products
Dairy & frozen products
Snacks
Meat products
Poultry products
Seafood products
Other food applications
Geographically, the market for Food Preservatives is segmented as below:
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa
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BASF SE, Cargill Incorporated, Celanese Corporation are the major players in the Global market. Other important companies include Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V., DuPont and JEY’S F.I. Inc.
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