Global Food Preservatives Market To Surpass US$ 2.97 Billion By 2025 | Univar Inc., Hawkins Watts Limited, Cargill Inc., , AkzoNobel N.V.

The global food preservatives market size was valued at US$ 2.23 billion in 2016 and is expected to expand at a CAGR of 3.30% from 2017 – 2025.

Food preservatives are chemicals that are added to or sprayed on food to prevent fungi, bacteria, and other hazardous microbes from growing. Natural and synthetic preservatives are the two types of food preservatives. According to statistics supplied by Coherent Industry Insights in 2016, natural food preservatives dominate the market. Preservatives are used in food to extend shelf life and preserve optimal quality, therefore the market is predicted to develop as the population grows and the prevalence of foodborne diseases rises.

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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., and AkzoNobel N.V.

In terms of revenue, Europe led the global food preservatives market in 2016, followed by North America and Asia Pacific, and this trend is expected to continue over the forecast period. In terms of value, Europe had the greatest share of the worldwide food preservatives market in 2016, with 28.1 percent. The global food preservatives market is predicted to rise due to rising demand for confectionary foods in Asia Pacific as a result of rising population, greater urbanisation, and a growing retail and hospitality sector over the forecast period.

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Detailed Segmentation:

Global Food Preservatives Market, By Source:
Natural
Synthetic
Global Food Preservatives Market, By Functionality:
Anti-Oxidants
Anti-Microbial
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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