Food Preservatives Industry Size, Share, Top Key Players Update, Sales, Market Penetration, Business Opportunity and Forecast 2019 to 2023

Food Preservatives Market Information: by Type (Natural, Synthetic, Sorbates, Benzoates, Propionates and Nitrates), Function (Antimicrobials and Antioxidants), application (bakery & confectionery, dairy, beverages and others) and Region

Market Overview

Food additives are ingredients which are primarily used to preserve flavor, taste, and other food qualities. Also, these preservatives help in reducing the spoilage from air, bacteria, fungi, and yeast which in-turn increases the product shelf-life. Food additives such as flavors, acid regulators, and enzymes serves an essential role in the manufacturing of packaged and convenience food. Commonly used synthetic and natural food additives in processed and convenience food industry are acid regulators, colors, flavors, enzymes, preservatives, sweeteners, emulsifiers, stabilizers & thickeners, and anti-caking agent.

Changing lifestyle and consumers’ preference towards convenience, packaged, and frozen foods have intensified the use of food additives in food & beverage industry. It is observing a high demand because of its added nutritional attributes. Growing health concerns among the global population, together with the increasing awareness about the benefits of consuming food additives are the most likely factors driving the growth of food additives. However, health conscious consumers nowadays precisely look for product labels to know the exact composition of packaged foods before purchasing which has a direct impact on manufacturers to switch for natural food additives in packaged foods.

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Competitive Analysis

Food preservatives have an established market throughout the globe owing to high usage in food and beverage sector. These listed players account for the major share in the global food preservatives market. In order to compete with the new players entering in the food preservatives market, the established players are identified to follow certain strategies to sustain their consumer base.

Kemin Industries, Inc. offers antioxidant formulations, liquid antimicrobial formulas, forage preservatives, enzymes, and others. The company was established in 1961 and is upfront towards broadening their business portfolio through acquisitions and expansions. The company has wide range of product offerings and is highly focused towards new product offerings. Moreover, the company invests heavily in R&D activities to keep improvising their products.

The key players profiled in Food Preservatives Industry are Cargill, Incorporated (U.S.), BASF (Germany), DuPont (U.S.), Royal DSM (the Netherlands), Univar Inc. (U.S.), Kemin Industries, Inc. (U.S.), Akzo Nobel N.V. (the Netherlands), Galactic S.A. (Belgium), Chr. Hansen A S (Denmark), Brenntag Inc (U.S.), Celanese Corp. (U.S.), Prinova Group, LLC (U.S.), Tate & Lyle PLC (U.K), Danisco A/S (Denmark), Hawkins Watts Limited (New Zealand), Albemarle Corporation (U.S.), Kerry Group (Ireland), Archer Daniel Midland (U.S.), Corbion Purac (the Netherlands), Jungbunzlauer Ag (Switzerland), and Cognis (Germany) among many others.

Regional Analysis

The global food preservatives market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the food additives market followed by Europe. The U.S. registered for a higher consumption of food additives owing to increasing awareness about the benefits of using food additives to increase the products shelf-life. Additionally, consumption of healthy products with enhanced shelf-life in food & beverages is considered to be the key driving factor in this region.

Also, growing consumer awareness on natural food additives and functional food additives owing to their nutritional functionalities is driving the growth of food additives market in North American region. Furthermore, increasing demand for natural food additives in convenience food products in European countries like the U.K, Germany and France are likely to boost the growth of the food additives market during the assessment period. 

Market Segments

The global food preservatives market has been divided into type, function, application and region.

On the Basis of Type: Natural and Synthetic

On the Basis of Function: Antimicrobials, Antioxidants, and Others

On the Basis of Application: Bakery & Confectionery, Dairy & Frozen Desserts, Snacks, Oils & Fats, Beverages, Meat Products, and Others

On the Basis of Region: North America, Europe, Asia Pacific, and ROW

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