(MENAFN - GetNews) 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.
Global Food Preservatives Market report provides a comprehensive analysis of the Global Food Preservatives Market sales by showing all the figures in the historic and base year while showing the approximate figures in the forecasted years of 2019-2026.
The report further provides a deep explanation regarding the market definition, classifications, applications, and engagements. It further provides a deep insight of key players' and brands' activities in terms of their sales, import, export, and revenue and their actions are in terms of their recent product launches, researches, their joint ventures, mergers, and accusations.
The Global Food Preservatives Market report consists of all the company profiles along with the market drivers and restraints with the help of SWOT analysis.Global Food Preservatives Marketis 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
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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.
Key Market Competitors: Global Food Preservatives Market Hawkins Watts Limited Koninklijke DSM N.V. Cargill Incorporated Kemin Industries, Inc. Univar Inc. Tate & Lyle Galactic; DuPont Brenntag Solutions Group, Inc. Archer Daniels Midland Company BASF SE Corbion Celanese Corporation; Kilo Ltd AJINOMOTO CO.,INC. Prinova Group LLC and Jungbunzlauer Suisse AG.
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
Major Topics Covered in this Report:
1 Study Coverage
2 Executive Summary
3 Market Size by Manufacturers
4 Production by Regions
5 Consumption by Regions
6 Market Size by Type
7 Market Size by Application
8 Manufacturers Profiles
9 Production Forecasts
10 Consumption Forecast
11 Upstream, Industry Chain and Downstream Customers Analysis
12 Opportunities & Challenges, Threat and Affecting Factors
13 Key Findings
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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
Segmentation: Global Food Preservatives Market
Global Food Preservatives Market By Type (Natural Preservatives; Synthetic); Function (Antimicrobials; Antioxidants; Others); Application (Oils & Fats; Bakery; Dairy & Frozen Products; Snacks; Meat, Poultry & Seafood; Confectionary; Beverages; Others); Geography (North America; South America; Europe; Asia-Pacific; Middle East and Africa) Industry Trends and Forecast to 2026
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.
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
Key points for analysis
1. To gain information about the top players in this industry, their product portfolios, and their key strategies.
2. Drivers and restrains of the market
3. To get a comprehensive overview of the Global Food Preservatives Market.
4. Key developments in the market
5. Market volume
6. Potential and niche segments/regions exhibiting promising growth
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