Global Food Preservatives Market, By Source (Natural, Synthetic), Functionality (Anti-Oxidants, Anti-Microbial), Application (Dairy Products, Meat, Poultry and Sea Food, Bakery, Beverages, Confectionery), and Geography - Insights, Opportunity Analysis, an

Food preservatives are substances added or sprayed in food to restrict the growth of fungi, bacteria and other microorganisms. Various processes such as drying, cooling, freezing, boiling, heating, salting, sugaring, smoking, pickling, lye, canning, jellying, jugging and burial are used in food preservation. Moreover, modern industrial techniques for commercial uses are pasteurization, vacuum packing, artificial food additives, irradiation, pulsed electric field electroporation, modified atmosphere, nonthermal plasma, high pressure food preservation and bio preservation, among others. Burgeoning growth of the food industry across the world is in turn propelling growth of the global food preservatives market. For instance, according to European Commission, the food and drink industry of European Union’s is the largest manufacturing sector and witnessed a significant growth in the last decades reaching over US$ 98.37 billion and is expected to double during the forecast period, due to regime of trade for various agricultural products. Europe is dominating the global food preservatives market followed by North America and Asia in 2016, according to the stats provided by Coherent Market Insights. Food preservatives are used across dairy, meat and poultry, sea food, beverages, confectionary, among others during packaging and processing in order to protect them from bacterial effects. Growing urbanization and hectic life style of people especially in developed and developing region, tend to incline towards convenience food.

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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. Moreover, natural food preservatives are the traditional preservatives and uses old techniques or processes which includes, making of jam, pickles and juices, among others. Also, salt is applied over meat and fish to preserve from bacterial effect.

Synthetic food preservatives are most effective and seems to be the best for longer self-life. For instance, ethanol is used to preserve wine to increase the self-life. Moreover, various synthetic antioxidants such as Vitamin C, butylated hydroxyanisole (BHA), sodium nitrate, benzoic acid and sulfur dioxide are used to restrict the bacterial growth and increase the self-life of food. Stringent government regulation is expected to be one of the key challenge for food preservatives market from 2017-2025, for instance in June 20, 2016, The Government of India ’s (GOI) Food Safety and Standards Authority of India (FSSAI) introduced new regulations 11,000 food additives used in various food categories. The new list of food additives bans the use of potassium bromate and cyclamates in any food category.

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.

Key features of the study:

This report provides in-depth analysis of the global Food Preservatives market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 – 2022), considering 2016 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

Browse Global Strategic Business Report : https://www.coherentmarketinsights.com/market-insight/food-preservatives-market-356

It profiles leading players in the global Food Preservatives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans

Key companies covered as a part of this study include, Univar Inc., Hawkins Watts Limited, Cargill Inc., , AkzoNobel N.V., Tate & Lyle PLC, DSM N.V., Galactic, Danisco A/S, Kemin Industries Inc. and Brenntag AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics

The global Food Preservatives market report caters to various stakeholders in this industry, including investors, raw material manufacturer, end-users, distributors, new entrants, and financial analysts
Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the Food Preservatives market

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.