Food Preservatives Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Food Preservation Market Growth and Trends
The global food preservatives market currently holds a market value of US$ 2.6 billion in 2020 and is expected to grow at a CAGR of 3.7% to an estimated market value of US$ 3.2 billion by 2025. The increasing urbanization is the major driving factor behind the growth of the food preservatives market.
The increasing globalization has resulted in emerging economies with higher disposable incomes. The rising population levels have increased the demand for food. The escalating shift in the lifestyle of the urban population has lead to the demand for packaged food and sustainable foods for a swift meal. The expanding need for preventing food spoilage is a major contributor to the demand for the food preservatives market. The increasing demand for foods with a longer shelf life has significantly propelled the growth of the food preservatives market upwards.
The wide use of food preservatives such as in meat, seafood, poultry, confectionaries, beverages, dairy, and fats is a vital growth factor for the food preservatives market. The meat, seafood, and poultry segment held the largest market share in the year 2018 with a market share of 34.8% of the global food preservatives market. The bakery and confectionery segment closely follows the former in the market share values. The bakery and confectionery segment is forecasted to reach a market value of US$ 504.9 million by 2025. The beverages segment is a segment that is anticipated to witness the highest CAGR by 2025.
The synthetic food preservative segment is dominating the market share and held a market share of 81.3% of the food preservatives market in the year 2018. The sorbates in the synthetic food preservative segment hold the largest market share and are expected to demonstrate a high CAGR by 2025. The nitrates and propionates in the synthetic food preservative segment are also likely to witness a significant market growth by 2025. The natural food preservative segment is forecasted to exhibit the highest growth in the coming years as the health-conscious and clean eating communities are largely at rise. The anti-microbial food preservative segment held the largest market share in 2018 with 56.5% closely followed by the anti-oxidant food preservative segment in constituting a higher market share.
The increasing innovations in the upcoming food preservatives rendered by the R&D sector are to produce more organic and safer food preservatives. The strategic marketing employed by top market players is expected to drive the market forward.
Food Preservation Industry Regional Analysis
Food Preservation Market Research Report Scope/Definition
Food Preservation Market Share and Competition Key companies operating in this industry are: Danisco A/S, Akzo Nobel N.V., Kemin Industries, Inc., Cargill, Incorporated, Hawkins Watts Limited, Celanese Corporation, Univar Inc., Tate & Lyle, Kerry Group, and Koninklijke DSM N.V.
Food Preservation Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Function Analysis (Revenue, USD Million, 2021 - 2028)
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Meat, Poultry, and Seafood
• Oils & Fats
• Dairy & Frozen Foods
End-use Analysis(Revenue, USD Million, 2021 - 2028)
• Physician’s Clinic
Region Analasis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Food Preservation Industry Companies
• Danisco A/S,
• Akzo Nobel N.V.,
• Kemin Industries, Inc.,
• Hawkins Watts Limited,
• Celanese Corporation,
• Univar Inc.,
• Tate & Lyle,
• Kerry Group,
• Koninklijke DSM N.V.
Available Versions of Food Preservation Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report