Food Preservatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2023

Market Insights:

Preservatives are present in nearly every type of food particularly with the popularity of packaged food products. Commonly used to prolong shelflife in food, beverages, and pharmaceuticals among several others, preservatives are all pervasive in the F&B industry. Thus the demand for organic food preservatives has grown. Organic food preservatives are a superior alternative to regular preservatives as they are primarily nutrient based and safe for consumption. Market Research Future has extensively studied the global organic food preservatives market which has been revealed to be witnessing growth at a significant CAGR. Organic food preservatives can be used across various food applications and added to both raw and cooked food products. Organic preservatives keep food safe for consumption and reduce the risk of bacterial or other microorganism growth, thus driving the global market.

Changing Consumer Preferences to Lead to Proliferation of Organic Food Preservatives Market

The global food & beverage sector has grown significantly due to the changing lifestyles of consumers which have led to an increased demand for packaged food & beverage items. Consumers are increasingly growing aware and seeking education regarding healthy food options and choices due to the rapidly increasing number of chronic disease occurrences and an increase in obesity. As such, consumers are placing high demands for organic food preservatives while eschewing artificial preservatives. The rapid growth in demand for functional and convenient, healthy foods which are largely natural has boosted the growth of the organic food preservatives market. Moreover, organic food preservatives have nutritional content in addition to prolonging shelf life. Market players are innovatively catering to this demand by increasing product offerings and creating new lines of products which tap into this lucrative market. Product development and R&D activities with regard to organic and healthy food preservatives are expected to reveal opportunities for growth in the coming years.

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Key Players:

DuPont Nutrition & Health, Univar Inc., Akzo Nobel N.V., Cargill, Incorporated, Hawkins Watts Limited, Tate & Lyle, and Kemin Industries, Inc.are among the leading market players in the global organic food preservatives market. These players have been analyzed in MRFR's competitive analysis for their innovative growth strategies.

Market Segmentation:

The global organic food preservatives market in MRFR's report has been segmented on the basis of function, nutrients, application, distribution channel, and region. Functions provided by organic food preservatives include antimicrobials, antioxidants, and others. The antimicrobials segment is expected to witness the highest growth during the forecast period. Nutrients broadly used in the market include minerals, vitamins, phytonutrients, and others. Applications for organic food preservatives can be found in dairy & frozen products, oils & fats, bakery & confectionery, snacks & beverages, meat, poultry & seafood, and others. In bakery products, organic food beverages have a variety of benefits which has led to increased demand for organic food preservatives in this application. Distribution channels include supermarkets & hypermarkets, specialty stores, food processing industries, and nonstore based.

Regional Analysis:

The Asia Pacific accounts for the most significant market share of the global market due to the presence of a growing population which happens to be among the worlds most populous regions. The high demand for food in this region has led to an increase in demand for organic food preservatives. The region has displayed consumer preferences for natural, and healthy products which meet dietary requirements, thus boosting the demand for organic preservatives. North America is another important region in the global market due to the regions significant food and beverage sector which is truly vast and often taps into consumers preferences to which are represented in food trends in the region.

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This release was published on openPR.