The global food preservatives market is expected to reach $2,714 million by 2023 from $2,271 million in 2016, registering a CAGR of 2.6% from 2017 to 2023. Preservatives are used in a wide range of products, such as snacks, bakery, confectionery, meat, seafood, and poultry, and others to preserve the natural characteristics of food and to increase the shelf life of food products for storage. In addition, food preservatives are used to avoid spoilage during transportation. Food is preserved by using either natural preservatives or artificial preservatives. The traditional natural ways of preservation include freezing, boiling, smoking, pasteurizing, pickling, and others. Sugar and salt are the earliest natural ways of food preservation that efficiently reduce the growth of bacteria in food.
Change in consumer preferences is expected to be one of the major factors that drives the demand for food preservatives. Increasing demand for convenience products has increased the demand for foods with longer shelf life, thus augmenting the demand for food preservatives. Rise in consumption of ready-to-eat food products has also driven the consumption of food preservatives in the recent past. Increase in demand for organic food products restrains the market growth. In addition, the health hazards associated with chemical preservatives are anticipated to hamper the growth of food preservatives market during the forecast period.
The report segments the global food preservatives market based on type, function, application, and geography. Based on type, it is bifurcated into natural and synthetic. The natural food preservatives segment is further classified into sugar, salt, vinegar, honey, alcohol, edible oil, nicin, rosemary extracts, onion, and natamycin. The synthetic food preservatives segment is further categorized into sorbates, benzoates, propionates, and others. The sorbates segment is again bifurcated into sorbic acid and potassium sorbate. Benzoates are classified into benzoic acid and sodium benzoate. Propionates are categorized into propionic acid, sodium propionate, and calcium propionate. The others segment is classified into nitrites, sulfur dioxide, lactic acid, sodium diacetate, acetic acid. On the basis of function, the market is divided into an antimicrobials, antioxidants, and others. The application areas of the industry are broadly categorized into bakery; meat, poultry, and seafood; oils & fats, dairy & frozen foods; snacks; confectionery; beverages; and others. The market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global food preservatives market until 2023.
The prominent players in the global food preservatives market have strategically focused on product launch as their key strategy to gain significant share in the market.
The key players profiled in the report are as follows:
Danisco A/S
Akzo Nobel N.V.
Kemin Industries, Inc.
Cargill, Incorporated
Hawkins Watts Limited
Celanese Corporation
Univar Inc.
Koninklijke DSM N.V.
Tate & Lyle
Kerry Group
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations in the global food preservatives market.
In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2023.
Competitive intelligence of leading manufacturers and distributors of food preservatives helps to understand the competitive scenario across geographies.
Comprehensive analysis of factors that drive and restrain the growth of the market is provided.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players are profiled and their strategies to determine the competitive outlook of the market.
KEY MARKET SEGMENTS
By Type
Natural
Sugar
Salt
Vinegar
Honey
Alcohol
Edible Oil
Nicin
Rosemary Extracts
Onion
Natamycin
Synthetic
Sorbates
Sorbic Acid
Potassium Sorbate
Benzoates
Benzoic Acid
Sodium Benzoate
Propionates
Propionic Acid
Sodium Propionate
Calcium Propionate
Others
Nitrites
Sulfur Dioxide
Lactic Acid
Sodium Diacetate
Acetic Acid
By Function
Antimicrobials
Antioxidants
Others
By Application
Bakery
Meat, Poultry, and Seafood
Oils & Fats
Dairy & Frozen Foods
Snacks
Confectionery
Beverages
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
The Other players in the value chain, include:
Brenntag Solutions Group, Inc.
Galactic
E. I. du Pont de Nemours and Company
PuracBiochem B.V.
Kilo Ltd.
Ajinomoto Co. Inc.
Albemarle Corporation
*Profiles of these players are not included in the report, but can be included on request.