Global Food Preservatives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global food preservatives market in its upcoming report titled, “Global Food Preservatives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global food preservatives market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food preservatives market is segmented on the basis of preservative type, function, application, and region.

Any natural or synthetic chemical classified as GRAS (generally regarded as safe), by food and drug associations, which can be added to food, beverages, cosmetics, pharmaceutical drugs, etc. to prevent decomposition or spoilage by microbial growth or any chemical changes, are called as food preservatives.

Increasing demand for natural food preservatives, coupled with rising demand ready-to-eat food products are major factors driving growth of the global food preservatives market. This factor is expected to further fuel growth of the global market to a significant extent over the forecast period. In addition, increase in working population, changing food habits, rising disposable income, and increasing use of food preservatives in meat and meat products in developed regions are some other factors propelling growth of the target market. Preventing the increasing incidences of foodborne diseases, and disorders due to contamination is another factor expected to boost demand for food preservatives in the global market.

Major challenge restraining growth of the global food preservatives market is stringent government regulations imposed on use of some harmful chemicals as food preservatives. Additionally, high cost of natural preservatives, and health concerns related to use of synthetic food preservatives are other factors hampering growth of the target market.

North America dominates the global food preservatives market and is expected to maintain its dominance over the forecast period. This dominance can be attributed to presence of major food preservatives manufacturers, and increased demand for processed food in this region. The market in Europe accounts for significant revenue share in the target market, and is expected to witness considerable growth over the forecast period. The market in Asia Pacific is expected to witness highest growth in terms of revenue and is projected to expand at a CAGR of X.X % during the forecast period. This can be attributed to rapid growth of food & beverages sector in the region, coupled with increasing disposable income and,  increasing demand for ready-to-eat food in developing countries such as India, China, etc. in this region.

Global Food Preservatives Market Segmentation:

Segmentation on the basis of preservatives type:

• Natural
• Synthetic

Segmentation on the basis of function:

• Anti-microbial
• Anti-oxidant

Segmentation on the basis of application:

• Meat & Poultry Products
• Bakery Products
• Dairy Products
• Beverages
• Snacks
• Others

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa