Press release
Global Preservatives Market | Corbion N.V., Cargill Incorporated, Kerry Group, BASF SE
Global Preservatives Market
Synthetic preservatives such as benzoic acid, sodium nitrite, sulfur dioxide, and potassium sorbate are chemical components processed and added to the end product. Growing health concerns among the global populace has caused an increasing demand for natural preservatives, which is boosting growth for the preservatives market. Growing food industry in emerging economies of India and China is further contributing to growth of the global preservatives market.
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Preservatives Market Taxonomy
On the basis of source, the global market is classified into:
Natural
Synthetic
On the basis of function, the global market is classified into:
Antimicrobials
Antioxidants
On the basis of end user, the global market is classified into:
Food and beverages
Cosmetics
Pharmaceuticals
Construction
Others
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Increasing demand for processed food due to busy lifestyle and increasing number of women in the workforce is projected to drive growth of the preservatives market over the forecast period (2016–2024). In addition, growing retail industry in emerging economies and popularity of processed food among the younger generation is also boosting demand for processed food, which in turn is projected to drive the market growth. According to a study conducted by Coherent Market Insights, the market for processed food is projected to reach US$ 88.2 billion by 2024. Preservatives are used in processed food to enhance its overall quality, taste, and shelf life.
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