• Food Preservatives Market Report 2021, Industry Trends, Share, Size, Demand and Future Scope

Food Preservatives Market Report 2021, Industry Trends, Share, Size, Demand and Future Scope

According to the latest report by IMARC Group, titled, “Food Preservatives Market Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2021-2026″, The global food preservatives market exhibited steady growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during the next five years.

Food preservatives refer to chemical substances added into beverages and processed food to prevent harmful microorganisms from growing and deterioration, contamination, and spoilage of ingredients. Vinegar, sugar, salt, nitrites, citric acid, calcium propionate, etc., are some of the commonly used preservatives. They aid to decrease wastage, assure safety, enhance supply, and extend the shelf-life of the food.

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Market Trends:

The high preferences for hygienically packaged food products with growing concern towards maintaining health and hygiene standards is primarily driving the product demand globally in processed food items such as bread, snacks, cheese, yogurt, sauces, deli meats, etc. Furthermore, inflating consumer per capita income levels coupled with hectic work schedules and sedentary lifestyles have led to the increasing demand for ready-to-eat (RTE) food items. Moreover, the rising popularity of organic preservatives and clean label ingredients among health-conscious consumers is acting as another growth-inducing factor. Additionally, the emergence of natural, soluble, and non-toxic product variants that assist in retaining the natural color, nutritional value, freshness, and texture of the food item, is further catalyzing the market growth.

Breakup by Type:

Natural

Edible Oil

Rosemary Extracts

Natamycin

Vinegar

Others

Synthetic

Propionates

Sorbates

Benzoates

Others

Breakup by Function:

Anti-Microbial

Anti-Oxidant

Others

Breakup by Application:

Meat and Poultry

Bakery

Dairy

Beverages

Snacks

Others

Breakup by Region:

North America (United States, Canada) 

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) 

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) 

Latin America (Brazil, Mexico, Others) Middle East and Africa

Competitive Landscape with Key Player:

Albemarle Corporation

Archer Daniels Midland Company

BASF SE

Cargill Incorporated

Celanese Corporation

Corbion N.V.

Dupont De Nemours Inc.

Galactic S.A.

Jungbunzlauer Suisse AG

Kemin Industries Inc.

Koninklijke DSM N.V.

Tate & Lyle PLC.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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