(Food-Beverage-News.Com, January 23, 2018 ) The Asia-Pacific Food Preservatives market has been estimated at USD 0.72 Billion in 2016 and is projected to reach USD 0.92 Billion by 2021, at a CAGR of 4.98% during the forecast period from 2016 to 2021. Food preservatives is an aid which has enabled to increase the shelf-life of food products and has helped in obtaining functional properties suitable for a wider range of industrial applications in food industries. They are added to the food item to prevent microbial growth. Also, they extend the shelf-life and enhance the taste.
Growth of demand for food preservatives in Asia-Pacific region is mainly due to changing lifestyle of people which is increasing the consumption of processed foods, which require food preservatives for long shelf life. The market is also driving due to increased demand for organic foods which require different kind of preservatives. But, the market growth is constrained due to stringent regulations by government over the pricing and also due to consumer awareness about the ill-effects of synthetic preservatives.
Asia-Pacific market for food preservatives are segmented into Type, Function and Application. Each of these segments are further sub segmented as follows Type: Natural and Synthetic; Function: Antimicrobials, Antioxidants, Chelating and enzyme inhibitors; Application: Beverages, Oils & fats, Bakery, Dairy & frozen products, Snacks, Meat, poultry, & seafood products, Confectionery, Other applications. Benzoic acid and Sodium benzoate are the most preferred preservatives, followed by sorbates. Sea food products, processed meat and poultry consume the major share of Asia-Pacific food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically, Asia-Pacific market for food preservatives is segmented into China, India, Japan, South Korea and Australia. The Asia-Pacific market is growing extremely with higher growth rate during the forecast period. With India being the worlds second largest food producer after China, there is a great potential for emerging markets in this regions, with global companies entering into the markets.
Major companies are partnering with diverse set of suppliers to boost their markets. BASF SE, Cargill Incorporated, Celanese Corporation are the major players in the Asia-Pacific market. Other important companies include Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V., DuPont and JEYS F.I. Inc.
Market Segmentation 1) By Type Natural Synthetic
2) By Function Antimicrobials Antioxidants Chelating and enzyme inhibitors
Reasons to buy Asia-Pacific Food Preservatives Market Research Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of Type, Function, and Application along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the Asia-Pacific market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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