Global Food Preservatives Market Analysis By 2025 With Major key Players Univar Inc., Hawkins Watts Limited, Cargill Inc., DSM N.V., Galactic, Danisco A/S, Tate & Lyle PLC, and Brenntag AG, Kemin Industries Inc., AkzoNobel N.V.

Food Preservatives – Insights

Food preservatives are substances added or sprayed in food to restrict the growth of fungi, bacteria, and other harmful microorganisms. Food preservatives are broadly classified as natural and synthetic. Natural food preservatives is dominating the market, according to stats provided by Coherent Market Insights in 2016. Growing population and increasing prevalence of foodborne diseases is expected to boost growth of the market, as preservatives are used in food to increase shelf life and maintain optimal quality of food. Food and beverages are stored after addition of food preservatives to reduce the possibilities of bacterial infection.

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Major players in the global Food Preservatives market include Univar Inc., Hawkins Watts Limited, Cargill Inc., DSM N.V., Galactic, Danisco A/S, Tate & Lyle PLC, and Brenntag AG, Kemin Industries Inc., AkzoNobel N.V., among others.
The global Food Preservatives market size is estimated at US$ 2.23 billion in 2016 and is expected to expand at a CAGR of 3.30% from 2017 – 2025.

One of the major challenges of the food preservatives market is the stringent government regulations. For instance, on June 20, 2016, the Food Safety and Standards Authority of India (FSSAI) by the Government of India banned the use of potassium bromate and cyclamates in food. Moreover, the Government of the Hong Kong special Administrative region, on July 01, 2008, introduced new regulations for controlling the use of preservatives and antioxidants in food.

Market Dynamics

The food preservatives market is driven by increasing demand for packaged food by the growing population and propelling urbanization in Asia Pacific. Food preservatives are classified into natural and synthetic. According, to a study by Coherent Market Insights in 2016, the natural food preservatives is dominating the market and is expected to grow at a CAGR of 3.31% during the forecast period. Increasing food borne diseases is expected to propel the demand for food preservatives market, as it helps to increase the self-life and maintain the overall quality of the food for a longer duration of time.

Market Taxonomy

This report segments the global Food Preservatives market on the basis of source, functionality and application. On the basis of source, the market is segmented as natural and synthetic. On the basis of functionality, the global Food Preservatives market is segmented as anti-oxidant, anti-microbial and others. On the basis of application, the global Food Preservatives market is segmented into dairy, meat. Dairy Products, Meat, Poultry and Sea Food, Bakery, Beverages, Confectionery and Others.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.