Global Processed Food and Beverage Preservatives Market Rising Trends, Global Industry Analysis & Forecast till 2028
Global Processed Food and Beverage Preservatives Market is projected to be valued at US$ XX Mn in 2028, and reach this high value at a CAGR of XX.XX% during the 10-year period. The global processed food and beverage preservatives market report has been segmented on the basis of product, form, application, and region.
Processed food and beverage preservatives are ingredients that are added to food products and beverages in order to keep them fresh and with a motive to extend their shelf life, without impacting form, texture, taste, and nutritional value of the products. Processed food and beverage preservatives are used for various products such as dairy and bakery products, processed snacks, frozen or ready-to-cook meat and packed seafood, while processing and packaging in order to protect them from any harmful microbial.
Global Market: - Drivers, Restraints, Opportunities, and Trends (DROT)
Rapidly changing lifestyles and hectic schedules are resulting in need for processed and packed ready-to-eat and ready-to-cook food and are some of the major factors supporting growth of the global processed food and beverage preservatives market. In addition, rising urban population, coupled with shifting preference towards urban lifestyle, increasing disposable income among individuals are other key factors anticipated to boost growth of processed food market, which in turn is expected to drive growth of the target market.
Growing number of trade activities of food products across the globe is giving rise to need for adding preservatives to food products to protect it from getting spoilt while in transit and increase shelf life of the products. Moreover, increasing demand for processed food and beverages to carry while traveling, or for off-road trips, trekking, etc. is leading to higher demand for processed food. These factors are expected to have a positive impact on growth of the global processed food and beverages preservatives market.
However, rising concerns regarding health issues due to consumption of processed food and increasing inclination towards organic and natural food products, and superfoods by individuals are major factors that could hamper growth of the processed food and beverages market and in turn, restrain growth of the target market. In addition, stringent government regulations regarding health concerns and food safety issues, and availability of adulterated preservatives by local players at reasonable cost are other key factors that could challenge growth of the global market.
Manufacturers can shift their focus more towards making organic or natural preservatives in order to build trust among their consumers and sustain in the competitive market.
Among the product segments, the synthetic segment is anticipated to account largest revenue share and is expected to register highest growth rate in the global processed food and beverage preservatives market. Synthetic preservatives are used on a larger scale as they are comparatively economical and can be easily formulated as per application requirements.
Among the form segments, the liquid segment is projected to contribute highest revenue share in the global market over the next few years.
Among the application segments, the bakery & confectionery segment is estimated to dominate with highest revenue share in the global market. The dairy & frozen segment is projected to register significant growth rate over the next 10 years.
The North America market is estimated to account for major share in terms of revenue in the global market, owing to ever-increasing demand for processed food and beverages, and rising spending power among individuals. The Asia Pacific processed food and beverage preservatives market is projected to register significant growth rate in the next 10 years owing to increasing westernization in terms of food habits, hectic work life, and rising urban population. In addition, the tropical weather of Asia Pacific makes the perishable products get spoilt easily, and this is expected to result in higher demand for processed food and beverage preservatives to extend shelf life of perishable items.
The Europe market is expected to account for second-highest revenue share in the global market owing to high demand for bakery and frozen food products in countries in the region.
Global Processed Food and Beverage Preservatives Market Segmentation:
Segmentation by Product:
Segmentation by Form:
Segmentation by Application:
- Oil & Fat
- Bakery & Confectionery
- Poultry & Meat
- Dairy & Frozen
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Ningbo Pangs Chem Int'l Co., Ltd.
- Ecochem Group Co., Ltd
- Albemarle Corporation
- Laiwu Taihe Biochemistry Co Ltd
- Akzo Nobel N.V.
- Celanese Corporation
- Cargill, Incorporated
- Naturalin Bio-Resources Co., Ltd
- Kerry Group Plc
- Hawkins Watts Limited
Request for TOC
Request for Customization
Don't just take our word. We are trusted by these great companies!