Growing consumer demand accelerates demand in Food Preservatives Market

1. Global Food Preservatives Market foreseen to cross USD 6 billion by 2025 Market overview: The global Food Preservatives Market was worth USD 2.5 billion in 2019, and it is estimated that it will reach USD 6.3 billion by 2025 at a CAGR of 4% during the conjecture period. Food preservatives are commonly used to extend the shelf life of perishable foods and reduce food spoilage to maintain the nutritional quality of products. Food preservatives are employed in verticals like beverages, dairy, snacks, meats, and seafood during processing and packaging to avoid effects of bacteria. Antimicrobial preservatives inhibit microbial growth, while antioxidant preservatives reduce the rate of oxidation of lipid and vitamin content in foods. Recent developments: Kemin opens a new warehouse, quality control laboratory and logistics office in Belgium. This has allowed the company to add value to its products and provide better service to its customers. Market Drivers and Restrains: The global nature of food supply and the increasing complexity of the food supply chain have led to increased demand for the products and technologies necessary to extend the shelf life of food products, resulting in increased demand for preservatives from foods. The increasing popularity of food preservative solutions may be due to a higher demand for convenient foods and a longer shelf life of processed foods. Various government agencies and private industries maintain appropriate regulations to maintain high quality standards for foods containing preservatives. The demand for food preservatives has increased as lifestyles change, and the food trade increases around the world. As the population grows, consumer awareness increases, and food consumption habits change, demand from various sectors of the food and beverage industry increases, driving the market for food preservatives. With increasing consumer reference to natural foods, some global companies have begun to replace artificial food preservatives with natural preservatives in their food products. This growth is also driven by the growing demand for natural food preservatives in developed markets and the

2. growing demand for processed foods in emerging markets. They are also using this to project their products as "all natural" foods, attracting more interest from consumers. Convenience foods and personal care products have further increased the area of application for food preservatives. However, health-related threats associated with food preservatives may limit the growth of the global food preservatives market during the forecast period. To know more read: https://www.marketdataforecast.com/market-reports/global-food-preservatives- market Report is segmented as: The global market for food preservatives is segmented by type, function, and application. Depending on the type, it is divided into natural and synthetic. The natural food preservatives segment is further classified into salt, onion, sugar, honey, vinegar, rosemary extract, cooking oil, alcohol, nisin and natamycin. The synthetic preservatives for food segment are further classified as benzoate, propionate, sorbate, etc. Sorbate branches further into sorbic acid and potassium sorbate. By functions, the market is divided into antioxidants, antibacterial agents, etc. Applications in industry are broadly classified in meat, bakery, poultry, oil and fat, seafood, snack, dairy and frozen food, beverage, confectionery, etc. Geographical Segmentation: North America currently dominates the global market for food preservatives, especially the use of synthetic preservatives. Due to a busy lifestyle, the demand for processed foods with a longer shelf life is increasing, leading the North American market. Consumption of food preservatives is expected to increase in the Asia Pacific region, driven by population growth, the development of the food and beverage industry, and stable economic growth. Emerging markets like China and India are expected to see the largest increase in demand for food preservatives during the outlook period. Significant advancements in ready-to-eat food, meat and poultry applications are expected to drive the market for food preservatives.

3. Impact of COVID 19 on Food Preservatives Market The impact of the COVID-19 crisis was notable in the food preservatives market, with demand falling from February to April 2020 compared to the previous years. Key market players: Key players profiled in the market include Akzo Nobel NV, Danisco A / S, Kemin Industries, Inc., Incorporated, Cargill, Hawkins Watts Limited, Univar Inc., Celanese Corporation, Kerry Group, Tate & Lyle, and Koninklijke DSM NV. There is. View sample and decide: https://www.marketdataforecast.com/market-reports/global-food-preservatives- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us:

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