(Food-Beverage-News.Com, November 30, 2017 ) According to the report Asia-Pacific Food Preservatives Market, published by Market Data Forecast, the Global market is projected to reach USD 0.97 billion by 2022, at a CAGR of 4.98% from 2017 to 2022.
Food preservatives Industry are chemical substances that are added to the food and beverages in order to prevent the decomposition of microbial growth. These additives preserve fresh attributes, increase shelf life, decrease microbial spoilage, reduce the risk of foodborne infections and nutritional quality of the food. Due to the heavy exports and imports of food materials, there is a wide range of substantial growth in this market.
Increase in demand for food preservatives, rise in population owing to the increase in population, increasing the consumption of processed foods, changing lifestyle of people, increased demand for organic foods, longer shelf life of food preservatives and emerging economies in this region are driving the Asia-Pacific Food Preservatives market.
However, government stringent regulations over the pricing and consumer awareness about the ill-effects of synthetic preservatives are restraining the Asia-Pacific market.
In Application segment, processed meat, sea food products and poultry have the largest share in the Asia-Pacific food preservatives market. Beverage industry followed by meat industry is the major consumer for preservatives. The most preferred preservatives are Benzoic acid and Sodium benzoate, followed by sorbates.
In 2017, Asia-Pacific countries is anticipated to have the fastest growing rate in the coming years due to the presence of China and India which are the world's largest food producers, rise in per capita income, increase in population leads to rise in demand of food, emerging markets in this region and the global key players entering into the Asia-Pacific region.
The major players in the Asia-Pacific Food preservatives market are Cargill Incorporated, BASF SE and Celanese Corporation. Other companies include Kerry Group, Chr. Hansen A/S, The Archer Daniels Midland Company, DuPont, Koninklijke DSM N.V, JEY’S F.I. Inc. and Corbion N.V.
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