(Food-Beverage-News.Com, October 30, 2017 ) The Middle-East and Africa Food Preservatives market has been estimated at USD 0.22 Billion in 2016 and is projected to reach USD 0.25 Billion by 2021, at a CAGR of 2.85% during the forecast period from 2016 to 2021. Food preservatives protect food against bacteria, moulds and yeast. Some of the preservatives enhance the taste, while some do not alter the taste. They ensure food safety by preventing the food from bacterial attack. The market for food preservatives is slowly increasing with change in lifestyle and westernization due to which there is a rise in consumption of processed foods. Also, with increasing consumer awareness about the benefits of food preservatives, the market is increasing. But, the market growth may be constrained due to stringent government regulation over product pricing.
Middle-East and Africa 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 Middle-East and Africa food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically, Middle-East and Africa market for food preservatives is segmented into Middle-East region and Africa region. The market of Middle-East and Africa is yet to grow due to less awareness about processed food and food preservatives. Though, global companies are trying hard to spread awareness among the people in these regions, and are expanding their consumer base in the untapped 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 Middle-East and Africa 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 Middle-East and Africa 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 By Type, By Function, and By 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 Middle-East and Africa 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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