The food preservatives market, in terms of value, is projected to reach around USD 2.94 Billion by 2021, at a CAGR of 2.5% from 2016 to 2021.
The global market has grown steadily in the recent years. It has a significant impact on food in terms of maintaining the quality, flavor, and taste of the food, this has led to its high demand across the world. This is due to the need for food products that are required to have a longer shelf-life as hectic lifestyles of people, especially in the developed regions make them opt for convenience foods, however, health conscious people nowadays are demanding for food products that have natural preservatives and this has led to the increasing use of natural preservative in food products, specially meat, poultry, & seafood. The market by region has been segmented as North America, Europe, Asia-Pacific, and RoW.
The years considered for the study are as follows:
- Base year — 2015
- Estimated year — 2016
- Projected year — 2021
- Forecast period — 2016 to 2021
The Objectives of the study includes:
- To understand and analyze the market segmentation, such as type, function, and application
- To understand the structure of the food preservatives market by identifying its various sub-segments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)
- To strategically profile key players and comprehensively analyze their market share and core competencies
This report includes estimation of market sizes for value (USD million) and volume (tons). Both top-down and bottom-up approaches have been used to estimate and validate the size of the food preservatives market and various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in their respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.
The food preservatives market value chain players are Akzo Nobel N.V. (Netherlands), Danisco A/S (Denmark), Cargill, Incorporated (U.S.), Univar Inc. (U.S.), and Koninklijke DSM N.V (Netherlands), among others. Maximum value addition of a product in the global food preservatives industry is observed in the stages of product manufacturing. In the initial stage, the raw materials, which in this case, are chemicals and natural ingredients, are used for the production of synthetic and natural preservatives, respectively. Value addition in the marketing and sales stages varies with key players, addressable markets, manufacturing units, and end consumers. The key companies that offer food preservatives mainly invest in new product developments and production expansions through acquisitions and the development of new facilities.
Food&farming 