Food Preservatives Market Driven by the Soaring Demand for Organic Food Products

The global food preservatives market was valued at US$2 bn in 2013. Exhibiting a CAGR of 3.50% within a forecast period of 2014 to 2020, this market is expected to reach US$2.5 bn by the end of 2020. This data is elaborated upon within a research report released by Transparency Market Research. The report, titled “Food Preservatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020,” showcases the key factors that can influence this market in the near future.

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Food preservatives are added to food products to prevent microbial growth and spoilage of food. Food preservatives help in extending the shelf life of food and are thus used in the packaged and processed foods industry. Given the high demand for packaged food, convenience food or ready-to-eat meals, the global food preservatives market is expected to witness steady growth in the coming years.

According to the report, the global food preservatives market is primarily driven by an increase in demand for two core segments of the food and beverages industry. The first is an increasing demand for convenience foods, which is driven by changing lifestyles. Another driver for the global food preservatives market is the rapidly increasing demand for organic food products, which require a different set of preservatives.

The global food preservatives market is also bolstered by the growing need for increasing the shelf life of perishable foods as well as preventing an outbreak of diseases. Preservatives act by inhibiting the growth of bacteria and other microorganisms in food, thereby helping prevent the spread of harmful bacteria.

The global food preservatives market is segmented on the basis of type, function, application, and geography. On the basis of type, the market is segmented into natural and synthetic preservatives. While synthetic preservatives are currently in demand, the trend will change soon as focus shifts to natural ingredients. The natural preservatives segment will witness a rise as manufacturers are increasingly focusing their research and development activities on natural preservatives. Another trend of mixing different preservatives to reduce cost is expected to drive the global food preservatives market.

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On the basis of application, the market is segmented into beverage, bakery products, dairy and milk products, meat, poultry, and sea food products, and others. Of these, preservatives are used extensively in beverages, bakery, dairy products, and meat and poultry products across the globe to resolve quality issues in the food industry.

By geography, the global food preservatives market is segmented into Europe, North America, Asia Pacific, and the Rest of the World. Of these, North America dominated the food preservatives market in 2013, followed by Asia Pacific. The demand for food preservatives in Asia Pacific is high due to a rise in demand from countries such as China, Australia, and South Korea. The North America food preservatives market is expected to rise from US$729.8 mn in 2013 to US$921.6 mn by 2020. TMR analysts suggest that the demand for food preservatives will be particularly high in the Rest of the World.

The report profiles some of the key players in the global food preservatives market for the purpose of study. The companies included are BASF SE, Cargill Incorporated, Celanese Corporation, Chr. Hansen A/s, Corbion N.V., Kerry Group, The Archer Daniels Midland Company, and Du Pont.

The global food preservatives market has been segmented as follows:
Product
Natural Preservatives
Synthetic Preservatives

Function
Antimicrobial
Antioxidants

Application
Dairy and milk products
Meat, poultry and sea food products
Bakery products
Beverages products
Other products

Geography
North America
Europe
Asia Pacific
RoW

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This release was published on openPR.