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Global Processed Food & Beverage Preservatives Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Processed Food & Beverage Preservatives Market
Global processed food & beverage preservatives market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Processed Food & Beverage Preservatives Market
Processed food is the transformation of the ingredients that are cooked, by physical or chemical means into other forms. It involves various activities such as macerating, boiling, emulsification, frying, pasteurization, canning, packaging. The preservatives enables increase the shelf-life of products by protecting them against deterioration caused by microorganisms. Food preservation is considered to be the oldest technology used in the food processing by using various methods such as dehydration, smoking, and heating.
Market Dynamics: Processed Food & Beverage Preservatives Market
The increase in the adoption of ready-to-use food is the key factor expected to accelerate the market growth of the processed food & beverage preservatives market. The rapid urbanization, dramatic changes in dietary habits, less time-consuming process using frozen foods is expected to foster the growth of market. The less time for ready-to-eat, and ready-to-cook products is expected to create demand for processed food and beverages. The change in lifestyle is soaring the demand for convenience food is expected to witness the growth of the processed food & beverage preservatives market. However, the stringent government regulations, use of synthetic preservatives are expected to hamper the growth of processed food & beverage preservatives market.
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Market Scope: Processed Food & Beverage Preservatives Market
Processed food & beverage preservatives market is segmented based on the product type, function, form, and application
Based on the product type, the market is segmented into the following:
• Natural
• Synthetic
Based on the function, the market is segmented into the following:
• Antimicrobials
• Chelating Agents
• Antioxidants
Based on the form, the market is segmented into the following:
• Solid
• Liquid
Based on the application, the market is segmented into the following:
• Bakery
• Confectionery
• Dairy
• Beverages
• Meat
• Fats and Oils
• Frozen Food
• Others
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Regional Analysis: Processed Food & Beverage Preservatives Market
Geographically, global processed food & beverage preservatives market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America processed food & beverage preservatives market led by U.S., owing to its higher demand for ready-to-use food associated with busy lifestyle. Europe processed food & beverage market is anticipated to expand at robust growth rates due to high consumption of processed foods across the region. The Asia Pacific processed food & beverage preservatives market is expected to grow exponentially in the forecasted period owing to changes in dietary habits, increased urbanization, and rising purchasing power of the consumer. Middle East Processed Food & Beverage Preservatives market is expected to show a prominent growth over the forecast period due to increased awareness, change in life styles, limited agriculture has led to a rapid increase in the processed food & beverage preservatives market.
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Competition Assessment: Processed Food & Beverage Preservatives Market
Some of the players in the global processed food & beverage preservatives market include:
• Ningbo Pangs Chem Int'l Co., Ltd. (China)
• Ecochem Group Co., Ltd. (China)
• Celanese Corporation (U.S)
• Koninklijke DSM N.V. (Netherlands)
• E. I. du Pont de Nemours and Company (U.S)
• Kerry Group Plc (Ireland)
• Shanghai Ruidian Trading Development Co. (China)
• Hawkins Watts Limited (Australia)
• Cargill, Incorporated (U.S)
• Innophos Holdings Inc (U.S)
• Kemin Industries, Inc. (U.S)
• Akzo Nobel N.V. (Netherlands)
• Albemarle Corporation (U.S)
• Naturalin Bio-Resources Co., Ltd (China)
Notable Market Developments: Processed Food & Beverage Preservatives Market
In July 2016, DSM has launched natural beverage preservation solution for beverages, Delvo Cid+.
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