(Food-Beverage-News.Com, February 23, 2018 ) Market Data Forecast has announced the addition of the “Food Preservatives Market: Global Industry Analysis and Opportunity Assessment 2016 – 2021" report to their offering.
Substances that are added products like pharmaceuticals, biological samples and food to prevent from decomposing by inducing chemical substances to reduce microbal growth or any chemical changes to the desired product are called preservatives. Food preservatives decrease the risk of food inducing infections and preserve the nutritional quality of the food.
Preservatives are being used from prehistoric times. During the last century usage of preservatives for preservation of foods is increasing and has been necessity in food security. The usage of food preservatives mainly depends on the country. Some countries with strict regulatory polices of not using preservatives might be a challenge to the market. In global food preservatives market, the biggest share is contributed by sea food products, poultry and processed meat. Largest consumer for preservatives is by beverage industry, followed by meat industry.
Drivers and Key Restraints for Food Preservatives Market
Factors such as the rapid changes in food consumption habits is increasing the demand for food & beverages industry which results in the growth of food preservatives, are inducing the growth the food preservatives market. The growing expansion of processed and packed food market and the need for long term preserving is boosting the food preservatives market.
Major challenges restricting the food preservatives market are the policies made by government regarding the usage of chemical preservatives and growing awareness of the ill effects of using chemical preservatives. In Food Preservatives market there are many key players, some of them are BASF SE, Celanese Corporation, Chr. Hansen A/S, Koninklijke DSM N.V, Corbion N.V., JEY’S F.I. Inc., Cargill Incorporated, Kerry Group, The Archer Daniels Midland Company and DuPont.
Regional Overview North America is holding the largest market share currently for food preservatives market in 2016. It occupied about 33% of the global market share and is expected to hold highest share for the next few years due to its high demand for processed foods in consumers.
In Asia - Pacific region, the market is expected to grow with a very high growth rate due to its increasing population in countries like India and China resulting in rise in demand of processed foods & beverages owing to growth in food preservatives market.
Scope of the report The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated. The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity
