Food Preservatives Market

Food Preservatives - Global Market Outlook (2020-2028)

4.5 (63 reviews)
Published: April 2021 ID: SMRC20388
4.5 (63 reviews)
Published: April 2021 ID: SMRC20388

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Food Preservatives Market is accounted for $2.93 billion in 2020 and is expected to reach $4.32 billion by 2028 growing at a CAGR of 5.0% during the forecast period. Increase in demand for food products with extended shelf life, increase in use of natural preservatives on meat and poultry and growth in demand for convenience foods are driving the market growth. However, limited availability of natural preservatives is hampering the growth of the market.

Food preservatives are defined as the specialised chemical ingredients or extracts which are added to the food products during their production processing to restrict the growth of bacteria, microorganisms, and other harmful effects such as oxidisation. The addition of these substances helps in improving the shelf life of the products and retains the freshness making them consumable for a longer period of time

Based on the type, the synthetic/chemical segment is going to have lucrative growth during the forecast period owing to their low cost, diverse functionalities, and abundance. By geography, North America is going to have high growth during the forecast period due to increasing demand for convenience food products in the region.

Some of the key players profiled in the Food Preservatives Market include ABF Ingredients, Akzo Nobel, Archer Daniels Midland, Brenntag Solutions Group, C.H. Guenther & Son, Cargill, Celanese Corporation, Danisco, DuPont, Galactic, Hawkins Watts Limited, Kemin Industries, Kerry Group, Koninklijke DSM and Kraft Food Ingredients.

Types Covered:
• Natural
• Synthetic/Chemical
• Other Types

Functions Covered:
• Antimicrobial
• Antioxidant
• Antifungal
• Chelates
• Enzyme Inhibitors
• Preservatives
• Anti-Enzymatic Food Preservative 

Applications Covered:
• Bakery
• Beverages
• Confectionery
• Dairy & Frozen
• Desserts
• Dressings
• Meat
• Oil & Fat
• Poultry & Seafood
• Sauces & Salad Mixes
• Snacks 
• Dairy, Milk & Frozen Products
• Cereal
• Canned & Preservative Food
• Sweet & Savoury

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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