Global Food Preservatives Market Research Report – Forecast to 2023 REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Report Description Market Scenario The global food preservatives market has witnessed significant growth over the last few years. The growth of the global food preservatives market is anticipated to be driven by various factors. With rapid urbanization and growing population, the production of convenience food has increased. Owing to the fast-paced lifestyle of the consumers, demand for ready-to-eat food products has also increased. Additionally, increase in disposable income has led to increased demand for food products whose preparation is less time-consuming. Growth in the convenience food sector is directly supporting the growth of the food preservatives market. Food preservatives have a major role in on-the-go convenience foods to reduce the risk of microbial spoilage. They are one of the vital additives used in processed food products to stabilize their shelf-life. Increasing population of health-conscious consumers have raised the demand for clean label food products with product traceability. Owing to this, the demand for natural food preservatives is experiencing a surge. Natural food preservatives are extracted from various sources, such as cane sugar, green tea extract, and essential oils. A shift in consumer food consumption trend is the major reason behind the high growth of natural food preservatives. Regional Analysis As per MRFR analysis, the global food preservatives market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. North America is projected to retain its dominance throughout the forecast period, owing to the rise in the usage of food preservatives in ready-to-eat food products. The market in the region is estimated to reach USD 1,187.0 million, in terms of value, by 2023. Europe is also expected to witness an above-average growth rate of 3.93% during the forecast period. However, Asia-Pacific is projected to expand at the highest growth rate of 4.53% during the forecast period of 2017-2023. Segments The global food preservatives market is segmented into type, function, and application By type, it is segmented into natural and synthetic, among which, the synthetic segment is estimated to account for the major market share throughout the forecast period, and is expected to reach to USD 2,193.3 million by the end of 2023, registering a CAGR of 3.56%. However, the natural segment is projected to expand at a high growth rate of 4.29% during the forecast period. Synthetic segment is further sub-segmented into sorbates, benzoates, propionates, nitrates, and others. Among the synthetic segment, sorbates is expected to hold the maximum market share throughout the forecast period. However, propionates are estimated to witness the highest growth rate of 4.24% during the forecast period. By function, the market is segmented into antimicrobials, antioxidants, and others, among which the antimicrobials segment is dominating the market. Antimicrobials segment is projected to grow at a CAGR of 3.71% during the forecast period. By application, the global food preservatives market has been segmented into bakery & confectionery, dairy & frozen desserts, snacks, oils & fats, beverages, meat products, and others. Bakery & confectionery segment is dominating the global food preservatives market, and the segment is estimated to reach USD 900.0 million by the end of 2023. However, dairy & frozen desserts segment is anticipated to witness huge growth in the near future. Key Players The leading players profiled in the global food preservatives market: Cargill, Incorporated (U.S.), BASF SE (Germany), DowDuPont Inc. (U.S.), Royal DSM (Netherlands), Univar Inc. (U.S.), Kemin Industries, Inc. (U.S.), Akzo Nobel N.V. (Netherlands), Galactic S.A. (Belgium), Chr. Hansen A/S (Denmark), Brenntag AG (Germany), Celanese Corp. (U.S.), Prinova Group, LLC (U.S.), Tate & Lyle PLC (U.K), Hawkins Watts Limited (New Zealand), Albemarle Corporation (U.S.), Kerry Group PLC (Ireland), Archer Daniel Midland Company (U.S.), Corbion N.V. (Netherlands), Jungbunzlauer Suisse AG (Switzerland), and Cognis (Germany). Target Audience Global food preservatives manufacturers Foods & beverages industry Raw material suppliers End-users Retailers and wholesalers E-commerce companies Traders, importers, and exporters Key Findings North America is estimated to retain its dominance throughout the forecast period and will grow at a substantial CAGR of 3.66%. Among the North American countries, the U.S. is projected to witness a substantial growth of 3.53% during the forecast period. Regional and Country Analysis of Food preservatives Market Development and Demand Forecast to 2023 Market As per MRFR analysis, the global market for food preservatives is expected to witness continuous demand during the forecast period, owing to the rising demand for convenience and packed food products. The global food preservatives market is expected to reach USD 3.31 billion by the end of the year 2023, at a CAGR of 3.80%, during the forecast period. North America is projected to dominate the market, followed by Asia-Pacific. The reports also cover country-level analysis: North America o U.S. o Canada o Mexico Europe o Germany o U.K o France o Italy o Russia o Rest of Europe Asia-Pacific o China o India o Japan o Australia o ASEAN Countries o Rest of Asia-Pacific Rest of the World o Latin America o Middle East o Africa To know more, click on the link below:- https://www.kenresearch.com/food-beverage-and-tobacco/general-food/food-preservatives-market/154982-11.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Global Food Preservatives Market Analysis, Global Food Preservatives Market Competition, Global Food Preservatives Market Forecast, Global Food Preservatives Market Future Outlook, Global Food Preservatives Market Growth Analysis, Global Food Preservatives Market Opportunities, Global Food Preservatives Market Overview, Global Food Preservatives Market Research Report, Global Food Preservatives Market Revenue, Global Food Preservatives Market Shares, Global Food Preservatives Market Size, Global Food Preservatives Market Statistics, Global Food Preservatives Market Trends, Global Food Preservatives Market Value
