Market Overview:
The global market for organic food preservatives is expected to continue its growth over the forecast period due to rising demand and increasing health awareness as well as health benefits in recent years. Since organic food preservatives market’s growth is directly proportional to the scope of innovation due to highly competitive market, key players are investing in R&D for the innovating product lines. Moreover, leading players are also investing in partnership with various food chains and beverage companies as the primary focus area to grow the consumer base. Due to the increasing working class population and disposable income, there is a rise in the demand for healthy and organic dietary products as well.
The global organic food preservatives market is projected to grow at CAGR of 3.2 % as it is backed up by the growing demand for organic food preservatives and increasing varieties of food preservatives products. Organic food preservatives is a better alternative to normal food preservative as it contains nutrients such as minerals, vitamins, phytonutrients, and others. Aggregated awareness regarding available health benefits such as prevention from diseases including food-borne illness, low oxidation in the body, and others, drives the growth of the market.
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Increasing number of health conscious consumers in developed as well as developing economies is one of the driving forces for this market. Key players are also investing in R&D for development of new product line with improved formulations. Many consumers consume organic food preservatives based products in bakery products, confectionery items, beverages, and others. They provide health benefits as well as contain nutrients, thus increasing the market for organic food preservatives.
The chief competitors in this market are persuaded to upsurge their footprints across the globe by acquiring local and regional players. Apart from this, the companies are introducing their products in the developing economies to penetrate the untapped market. Major players are also taking R&D initiatives and increasing their expenditure especially to develop superior & highest quality products by including organic and natural ingredients. This factor is likely to help them to penetrate the emerging global organic food preservatives market and fulfill the growing demand. Changing consumer preferences for natural and fresh products will support the sale of organic food preservatives.
Major Key Players:
This report includes the study of strategies such as mergers and acquisitions, new product launches by the major organic food preservatives market players. It further includes product portfolios, developments of major players, which includes
Some of the key players in the organic food preservatives market: Cargill, Incorporated (U.S.), DuPont Nutrition & Health (Denmark), Tate & Lyle (U.K.), Univar Inc. (U.S.), Akzo Nobel N.V. (Netherlands), Kemin Industries, Inc. (U.S.), Hawkins Watts Limited (Australia)
The global organic food preservatives market is highly concentrated in Asia Pacific because of rapid increase in demand for food. Key manufacturers are focusing on expanding their product line by providing various product lines with the various flavors, combinations, and attractive packaging.
The global organic food preservatives market is segmented on the basis of function such as antimicrobials, antioxidants, and others, nutrients such as minerals, vitamins, phytonutrients, and others, application such as bakery & confectionery, dairy & frozen products, oils & fats, snacks & beverages, meat, poultry & seafood, and others, distribution channel such as store based and non-store based, and region.
Key Findings:
Rising growth of food & beverages industry is in turn increasing the demand for organic food preservatives.
Asia Pacific is the dominating region for the market of organic food preservatives as compared to North America and Europe.
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Segments:
The global organic food preservatives market is segmented on the basis of function, into antimicrobials, antioxidants, and others. The antimicrobials segment is poised to be the fastest-growing segment in the organic food preservatives market during the forecast period 2017–2023.
On the basis of nutrients, this market is segmented into minerals, vitamins, phytonutrients, and others. High nutritious attributes have helped in increasing the market for organic food preservatives.
On the basis of application, the market is segmented into bakery & confectionery, dairy & frozen products, oils & fats, snacks & beverages, meat, poultry & seafood, and others. Organic food preservatives is being used as a beneficial alternative to table sugar for a wide variety of bakery products, food products and beverages which is increasing its demand globally.
On the basis of distribution channel, the market is segmented into store based such as supermarkets & hypermarkets, specialty stores, food processing industries, and others, and non-store based.
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